Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
yes as we are no longer profitable we should see an easement on the number of sells..
Just picking up on this. The correct term is "as we are no longer as profitable as others"
Its still profitable.
I get about 0.55 $ to the £. (i just cash out using paypal and suck up the harsh fees and exchange rate - havent bothered figuring out a better way in the UK yet, but have a verified OK pay account, just havent figured out how to use it - help gladly received
)So, as long as lot makes more than the cost of running the rig, then thats fine. Just some are more profitable than others.
lol i stand corrected.. but i took the lazy man option to type out the text..
anyway..my point remains... as long as we dont match the profitability criteria of the multipool.. we are safe from them mining us.. Multipools have ahuge hash rate behind them so it makes sense that 5 minutes-10 minutes will easily yield them a block.. which they can dump.. at market asap.. one thing i liked about LOT's lotto scheme is the fact that.. 11,330 MH/s could possibly earn only 256 LOT when they find a block
Also lets not forget that the 65 LOT per KH/s (24hr) is not necessarily accurate as its possible for the pool to only hit 256 LOT blocks the entire day... unlikely but possible.