Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BERN] BERNcash - X14 PoW/PoS Hybrid - Airdrop - BERN the big banks
by
BernieCoin
on 13/04/2016, 10:03:34 UTC
The net hashrate has dropped to only 200MH/S now  Sad

Probably connected to the price.
When the price is 200+ , its even more profitable to mine BERNS than ETH.

The reward for those mining now are almost doubled too. Diff=low

Like mr CryptoCanary. When netspeed is 600mh, he makes 5-7K BERNS. Now he makes 23K


https://bern.suprnova.cc/index.php?page=statistics&action=pool

Rank   Donor   User Name   KH/s   BERN/Day
1      CryptoCanary   7,018   23,571.645


k so if the block reward has increased then the dip is expected, all good  Cool

The reward is the same, but since lower difficulty makes you find them easier and more often, yes, reward is "bigger" for those left mining.


k I see what you mean, if the price rises enough for long enough miners pile on and raise the hashrate. ah but then less for the actual coin collector/followers.

the more exchanges the better for sure, I'd love to see what would happen if we made it to Poloniex and Bittrex  Cool

If you check the pool stat now you'll see he gets 7 000 BERNS less pr day now because of rise in netspeed(diff).
So yes, you would earn a TON if you were the only miner .. the problem with that ton is that you wont be able to sell it. Or will have to sell it so cheap that its not worth much.


Like with ETH now.. the difficulty is so high it takes days for a solo miner to maybe find a block. But since the price is so high, its still worth the search.  Finding a ETH block solo is so hard that a pool will be smart unless you have very high hashrates.


Bottom line is PRICE.
If the price is high enough.. a long block search is worth it.
Price controls everything, really.
High price = more miners, more speed, more steady trades, higher volumes, lower risks.

Just so you don't worry about Mr CryptoCanary dumping his accumulated wealth of BERN, it is I.  Smiley


Aha Cheesy
Ye, you will also have to make sure there are _always_ atleast 1 miner active on the coin.

Im the other dude there Cheesy

Im not into coindumping either... i think thats like shooting ones own foot.
As a coinholder.. the coins well beeing is in my best interest.

Thanks for mining and holding. Smiley