Re: PhoenixMiner 3.0c: fastest Ethereum/Ethash miner with lowest devfee (Windows)
The first beta of PhoenixMiner 3.5b is out: https://bitcointalk.org/index.php?topic=2647654.msg45385531#msg45385531. Improvements include Linux support (finally), and power-efficient kernels for some AMD cards.
Respectfully, this is a load of BS. First, we get 0.65%, which is 0.0065 for mathematically challenged, not 0.09 (i.e. about 14 times less). Second, the block reward is 3 eth, soon to become less. Third, not everyone mines with PhoenixMiner (we wish, but the reality is quite different). But most importantly - the value of income in ETH is meaningless if the ETH price is too small. After all we can't pay our bills with ETH, can we? So, we are in the same boat with everyone as the profits are concerned.
We firmly believe in the future of ETH (and in cryptocurrency in general), and while these are trying times, so far every time after such dip, there was even higher peak. We keep most of our savings in ETH, and other cryptos, so we definitely put our money where our mouths are.
Lol... you do not understand how it works. No matter what the price of ether is and how many people mine - dev's income (in ether) will not be affected. In dollars they will get less, but there is no way they can lose money, right? (unlike you and me as we have to pay for electricity).
Consider this: less people mine=> lower difficulty, but block reward doesn't change. Even if there is only one miner left (let's call him Vitalik
), and he is mining with phoenix, phoenix will still get his 0.09*5 Ether every 15 minutes. Or if there are 10,000 people mining, still 0.09*5 Ether every 15 minutes.
Consider this: less people mine=> lower difficulty, but block reward doesn't change. Even if there is only one miner left (let's call him Vitalik
), and he is mining with phoenix, phoenix will still get his 0.09*5 Ether every 15 minutes. Or if there are 10,000 people mining, still 0.09*5 Ether every 15 minutes.Respectfully, this is a load of BS. First, we get 0.65%, which is 0.0065 for mathematically challenged, not 0.09 (i.e. about 14 times less). Second, the block reward is 3 eth, soon to become less. Third, not everyone mines with PhoenixMiner (we wish, but the reality is quite different). But most importantly - the value of income in ETH is meaningless if the ETH price is too small. After all we can't pay our bills with ETH, can we? So, we are in the same boat with everyone as the profits are concerned.
We firmly believe in the future of ETH (and in cryptocurrency in general), and while these are trying times, so far every time after such dip, there was even higher peak. We keep most of our savings in ETH, and other cryptos, so we definitely put our money where our mouths are.
Chilax mate. What is BS - it's what you say. You are right - my math was wrong (wrote in hurry, didn't pay attention). Let's correct it: 0.0065*3*0.2 (assuming 20% of miners use phoenix and the rest 80% - claymore). But besides the math the idea is totally valid. You are not in the same boat with miners at all: miners can lose money, you can't. The guy just said that he shut down his rigs because of the electricity costs; did your revenue change? nope. How are you in the same boat with him?
So I stand on my point: "No matter what the price of ether is and how many people mine - dev's income (in ether) will not be affected. "
You say it's BS...well....I'm listening...