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Board Pools
Re: [145+PH] KanoPool kano.is 7 BTC giveaway 🐈 US,NL,JP,NYA,DE,SG
by
rifleman74
on 10/04/2018, 19:58:33 UTC
The question about ramp up. Do you guys think iam fully ramped up? This means i recive about 0.002 btc each block, mining with about ~23th/s



Good or bad? Iam abit confused, though i was going to earn more, but ofcourse 23th/s is not that much =)

So, say we find 20 blocks this month 20x0.02btc = 0,04 btc = 272$ / month?

Why are you comparing it to USD?  What if BTC dropped to 5k?  What about up to 10k?   Have to compare it in BTC only, then go from there.



MINE ON WITH KANO-SAN!

Of course we all want to increase the amount of BTC we earn, but if it is going to be profitable, it makes sense to have an understanding of what we're earning in an exchange rate as well. We might be able to pick up miners with crypto but my electric company isn't going to accept it. Neither will my hardware store when I need to make electrical upgrades.

My plan is to make sure I'm covering the costs (though I may subsidize via my USD rather than trade my BTC) and hodl the rest.


Not everyone is exchanging though.   Some of it is being "subsidized" by other income.   You do have to pick a certain point in time for the exchange rate comparison, otherwise it's FUD with the price changes.