[size=10pt]I agree with lowering the PoW reward immediately…[/size]
[ul][li]…since fair distribution is a success. This was also mentioned in Sunny King’s last weekly update, referring to a
[size=12pt]Also, look at what the D7 pool is advertising:[/size]
The D7 Peercoin Pool administration regrets to inform our users about cease of all mining operations, effective immediately. We are choosing this path in light of recent operational issues and low demand. All Peercoin withdrawals will be available until the 20th of December, 2016, after which all interface with the D7 Peercoin Pool will be terminated permanently. We sincerely hope you have had good experience mining in our pool
This is probably due to the lower Peercoin price and the massive Solo SHA256 mining operations that are sucking the value out of Peercoin.
Lowering the PoW reward, will increase the price of Peercoin over time, it will bring d7 into more demand, and the large solo mining farms will probably transition to another coin that pays better.
If we do this, it has to be pretty quick. Sunny King, if we change the PoW reward, how fast can we do it?
Since Christmas / Holiday Season is upon us, we should do this immediately. I propose in in the next 10 days.
Suggestion: Effective Dec 1, 2016, lower PoW mining reward to 30% of what it is currently.
[size=12pt]I’ve revised my stance to support the one written by learnmore here:[/size]