MIP#30

MIP#30
Title: F2Pool mining contest
Author(s): F2Pool
Contributors: 
Editor: N/P
Date Proposed: 2024.03.26
Date Ratified: 
Dependencies:
Replaces: N/P
Exception to MIP: N/P

  • Vote Option:

Vote option:

Yes [MVC hold a mining contest at F2Pool with $10,000 worth of Space co-exposure campaign]

NO [MVC does not hold a mining contest at F2Pool]

  • Motivation:

Enhance block confirmation time stability and increase MVC network visibility through collaboration with a prominent mining pool.

  • Executive Summary:

A diverse miner pool will bolster block confirmation time stability. F2Pool, a leading industry player, now includes Kaspa, ZIP, and MVC in their mining pool, offering an exciting miner contest.

  • Details:

Following the success of Kaspa's previous events, F2Pool has proposed hosting the MVC Miner Contest with an enticing $10,000 prize pool worth of space. Winners, typically the top 20 performers, will be announced post-competition, with rewards distributed based on their hashrate contributions. F2Pool guarantees full prize distribution to deserving participants.

  • Detail of a Similar Contest hold by F2Pool: [Take Kaspa as an example]

https://x.com/f2pool_official/status/1631133167636873216?s=20

  • Duration:

Depends on F2Pool arrangement.

Disclaimer & Remarks:

1) SPACE: Not an Investment Vehicle

MVCDAO wants to make it crystal clear: SPACE isn't a get-rich-quick scheme. MVCDAO emphasizes that Space is not an investment vehicle, but the gas within the MVC ecosystem. The value and price of SPACE may be influenced by utility demand of MVC network, there may be risks of price fluctuations. Participants are advised against purchasing SPACE for investment or speculative purposes.

Please note that MVCDAO does not make any commitments or guarantees regarding the price or value of SPACE. When holding SPACE, it should be used solely for participation in MVCDAO governance or utility purpose within the MVC network.

2) No Investment Advise:

This proposal is focused on enhancing the visibility and sustainability of the MVC network. It is important to note that the contest mentioned in this proposal do not constitute investment advice. Participants and all members should refrain from interpreting it as such.

3) Conflict of interest declaration:

The author of this proposal has not received any commission.

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