How come a lot of these big pools are suddenly inverting their pool fee?... ranging from -3% to -10%... so essentially promising a 103% to 110% mining profit...
how did that happen, and where do these extra BTC come from?
And more big pools are signalling BU...
this can't be any good for the future of the network....
Competition for bringing more miners into these pools to get bigger chance of winning blocks - most likely these pools keep the transaction fees of the block. Thus PPS payments only. If fees are on the rise, then they net more money if they keep those fees. Makes for more room to pay a negative admin fee (aka pay to bring in miners) because they make more on the back end. And they probably don't announce how much they made on those transaction fees either (aka lower transparency of pool).
Those transaction fees add up.
More miners also equal more power equal more control over network. I'm waiting for them to start adding a small ad on their dashboard settings pages too. There are ways to offset these types of payments. If they hook you first, there is an end goal.