Status as of Thursday, December 29, 2016

[Steve Sokolowski]

Good morning! Here's a few updates on the status of the project's development:

• We've spent the week working on multiple algorithms, with X11 support coming first. Chris's research indicated that there is an underserved market for ASIC-mined coins, so concentrating on X11 will probably be more profitable than moving into GPU mining. Hopefully, the insane DASH transaction fees won't cut into everyone's earnings too much.
• See the post in the "news" forum for the 200 additional X11 payout coins that are coming. Payouts will be enabled before mining starts, possibly beginning as soon as today for some coins.
• We're aware of the backlog of customer-suggested features, like being able to better understand which blocks are solo-mined and which blocks are pay-per-share. We don't want to invest development time into the single-algorithm fork right now unless there is a major flaw, and plan to resume work on these improvements in two months.
• Chris will be installing the hardware necessary for the parallel test system during the second or third week of January. More details will be coming soon. There will be some brief downtime while the hardware is installed. After installation, we will work on bringing up the parallel testing site. The testing site will allow miners to mine X11, but all payouts and balances will be copied to the main site. Since the addition of multiple algorithms represents a huge change in the mining server, this parallel server will allow cutting-edge miners to take advantage of the new features while scrypt miners are uninterrupted.

[Chris Sokolowski]

We would be mining DASH, so the transaction fees work both ways. It will cost a lot to send each DASH block we find, but we will get others' fees in the blocks we find.