Quote from: markanth on April 19, 2016, 12:35:42 PM

Quote from: GeorgeAurea on April 18, 2016, 05:57:32 PM

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.

again.. just my 2 cents.

Actually, we did managed it for the past 24+ hours in achieving the mining of Gulden yielding more, in comparison to buying them from the market(s) Grin

The "divide key" used thus far from daily allocated assets, has been 1/3 towards mining, and 2/3 towards buy support. If you compare the mining address in retrospective next to the Hybrid address (on which the buy-support directly is being done), you'll see that that currently mining is yielding slightly more...

Yet, I do not know if this is a minor momentum, or if we can sustain it over a longer period. I'll keep monitoring this closely Wink