Post
Topic
Board Announcements (Altcoins)
Re:                              Gulden NLG                              DELTA PRIME
by
markanth
on 19/04/2016, 12:35:42 UTC
Between them two, mining and buying, mining was the more expensive one. Example:
For every X amount of Bitcoin yielded, we could collect 10.000 Guldens from the market through buying them, whilst for that same amount of X Bitcoins we could collect 7.000 Guldens through mining them. Yet with the current conditions, the price of both Gulden and the Bitcoin, it is possible to acquire 9.000 Guldens from the market, whilst we could collect 8.000 Guldens through mining (these numbers are not real figures, but merely to simplify the example).

So what I was referring to, that if (and only if) these line continues to shift in favor of mining being able to acquire more daily Guldens than through buying them, a bigger part of the daily yielded Bitcoins will be spend on mining. The reason behind it, is to obtain the most Guldens for the holders  Wink

I would guess the associated cost of obtaining NLG through mining has come down as the network has seen a large increase in dedicated hash rate over the past month or 2.  Thus more blocks are being solved per day and a smaller percentage of newly minted Guldens going to jump/profit switching pools.  I doubt those lines you mention will ever cross over as the saying goes "the universe doesn't leave free money on the table".  If miners can obtain Gulden for less than what they can immediately sell it for they will point their hashes this way I'm sure. Smiley  again.. just my 2 cents.