When directed to the correct ghostrider pool, shared ghostrider hash can increase Pulsar’s (PLSR) price on exchanges, boost its trading volume, and raise general awareness of the coin. Up to this point in time, mining Pulsar directly has used both the MinotaurX and the Curvehash algorithms; but recent developments on miningpools.pro expands Pulsar acquisition to include the Ghostrider algorithm and more. Pulsar is a nice store of value for ghostrider hashing effort.
DESCRIBING THE GHOSTRIDER PUMP AND DUMP
When a new coin debuts on an exchange, a certain group of “early adopter” miners take notice and quickly begin hashing the coin almost immediately. For these early miners, fewer people hashing the new coin translates into less network difficulty for them, and thus they earn higher block rewards early on. Pool operators scramble to be the “first” to add the new coin to their pool in order to attract and “lock-in” the combined hashing effort of these early miners. The speed at which this process happens almost guarantees a pool monopoly composed by early adopter miners. The longer it takes for a pool operator to add the new coin, the less likely that the early miners will switch pools because early miners do not want to miss out on the easy block rewards resulting from a large combined hash.
This strategy does not even take into account the coin developer’s strategy in all of this. Unfortunately. most new cryptocurrencues fail because the developing team never had an intention of improving the coin, despite what they publish in the whitepaper or what they say in their discord. Even the coins with a solid plan behind them fail because the coin’s price invariably crashes in the future due to miner sale pressure, meaning that either the team must sell off large portions to generate the liquidity needed to pay wallet coders or the team abandons the project because they cannot raise the funds to pay developers because the coin has become worthless on exchanges.
… A FEW DAYS OR A FEW WEEKS LATER
As time moves forward, news of the new coin spreads and inevitably attracts more miners and more people interested in making a quick profit. Early miners, YouTubers, and early pool operators “prey” on these new investors by selling the early blocks acquired either through mining or through pool fees. Early miners, YouTubers, and pool operators make their highest profit here at this point in time, while new adopters believe they are getting a good deal. Mined coins continually flood the exchange and the price invariably crashes, i.e., “more coins are for sale with less demand for it”; early miners and early pool operators made their highest profit from these excited new investors, but these excited new investors are stuck holding a bag of worthless coins. Early miners, YouTubers, and early pool operators don’t care as they search for the next new coin to begin the process all over. A closer investigation might reveal the same individuals as being behind the similar projects.
BREAKING THE CYCLE
Early miners, YouTubers, and early pool operators capitalize on the interest of new investors who appear later in the process. Wealth transfers out from the hands of these hopeful investors into the hands of those who acquired the coin early in a scheme that mirrors “insider trading.” In order to prevent early miners, YouTubers, and early pool operators from earning a profit, new investors need the discipline to abstain from directly investing in new coins, and instead allocate part of their effort in a long-term strategy.
To this end, we offer Pulsar for your consideration.
WHAT PULSAR DOES AND HOW IT IS DIFFERENT
Pulsar understands that making a profit is embedded into human nature, and as such, we want to work within the parameters of human nature instead of trying to alter it altogether. Rather than attempting to be one of the first miners who discovers a new coin in a new discord and hashes for it directly in order to make profits individually, we want the profit from hashing ghostrider coins to translate into price support for Pulsar. We cannot control the interest that a new coin generates, however, we can translate that interest into price support for a coin that anyone can hold.
- SRBMiner-Multi: –algorithm ghostrider –pool stratum+tcp://miningpools.pro:5477 –wallet PULSARADDRESS –password c=PLSR
- XMRig: -a gr -o stratum+tcp://miningpools.pro:5477 -u PULSARADDRESS -p c=PLSR
- Wildrig-Multi: –algo gr –url stratum+tcp://miningpools.pro:5477 –user PULSARADDRESS –pass c=PLSR
Because the pool has limited amounts (for the time being) of ghostrider hash engaged in this effort, Pulsar is in constant battle with trading bots on XeggeX. But the pool’s trading innovation has been demonstrated to work: Pulsar’s price raises and trading volume increases. And as more and more people use ghostrider on port 5477 on miningpools.pro, Pulsar will achieve even more price support.