Ninjastic
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Board Pools
Re: [~70PH] KanoPool kano.is 0.9% fee 4.3of 10BTC giveaway 🐈 US,UK,JP,NYA,OR,DE,SG
by
NomadGroup
on 01/12/2018, 05:46:09 UTC
Quote from: BSGMiner on December 01, 2018, 02:37:55 AM
Quote from: NomadGroup on November 30, 2018, 05:10:46 AM
Quote from: BSGMiner on November 30, 2018, 02:28:26 AM
Quote from: NomadGroup on November 29, 2018, 07:13:12 PM
...hopefully the big miners will be able to come back into the business.  Wink
No, thanks! I'm liking the prospect of big weekly rewards. Saves transaction fees when consolidating payouts and keeps me from refreshing the webpage all day to see if we got another. Wink

Weekly with bursts of triplets is just fine with me!
Weekly?  Lol   Cheesy you’ll be lucky to get couple a month if all big miners leave, if that.
Sorry, we're currently at "7days 2hr 40min 9sec" (46.51PH/s). Wink

Not sure what your definition of "big miners" is, but for us to only get a couple a month, we'd have to be at 22PH/s to get a block every "15days 0hr 48min 36sec" according to the http://tradebtc.net/bitcalc.php BTC calculator.

Preferably we get more than one per diff change, but as they say, "whatayagonnado?" Huh

For this pool, I would say that anyone that has more than  around 500TH can be considered a big miner at this moment, so if you go to stats page that’s around top 15 miners.  If they quit, that is where the pool will be at is approximately 20 something PH. 

But the miners that pay more than 5-6 cents per kilowatt can start quitting (although I’m not even sure that if you pay 6 cents at this moment, the hardware can pay off what it uses), having even smaller amount of TH, let’s say starting 50TH.  Just because probably most people simply can’t pay to get BTC and have to pay for getting it on top of that, it would be easier and cheaper to just buy the BTC, without the worries about the luck.

Miners are used to mine BTC and get a profit on top of that minus out the electricity bill.

So if things don’t change soon, the only ones that will be mining are guys that have lots of money to just throw away for electricity (and hope that BTC will cost a million dollars in the future) or the guys that simply don’t pay their electric bill and know a way to steal the electricity.  Or the Chinese that produce the hardware and pay little to power up their machines, may also be able to stay afloat.

Hopefully the difficulty will drop by a lot soon!  If I remember correctly it should go down about 10% in a few days or so.  And I’m not even sure if that will help to stay afloat, for the most.