Post
Topic
Board Tokens (Altcoins)
Re: SWAT 2.0 - Pre-Sale Token to Mining Enabled ERC20 Asset
by
SWATX
on 02/07/2019, 11:51:29 UTC
*In Spite of Slow ETH Network, Fluctuating ETH and Gas Prices and How our Mining Algorithm will Maintain Profitability of our Miners:*

The amount mined per day will adjust itself to the price of SWAT in the market.  And the same way even if the ETH network is slow, which is not in our control, the amount minted from the mining device to your address will also get adjusted and be done at a rapid rate. Though the minting normally takes place every 10 to 15 minutes when there is a delay due to the slow ETH network once the congestion is cleared the pending amount will get minted in a very short period of time. So both the quantity mined and the price of 1 to 1.5 USD will keep getting adjusted as per the algorithm.. The problem with FatBTC is the price of FAT to ETH keeps falling as the ETH price increases. So the 10 % lower prices on the days when the price fluctuates a lot is possible. That is why I have been motivating people to move to SWATX and EtherFlyer.. Here since you can trade directly to ETH the loss will not occur. Miners can wait one day if the price is lower and sell the next day.. That way you can sell without any loss. Fluctuating ETH prices and the slow network is not under our control.. But our mining algorithm will ensure that you get more SWAT when the price goes down and will complete the minting of all pending amounts to your wallet as soon as the congestion in the network clears without waiting for the actual minting cycle. (edited)

You can see after the 3 and a half hour delay how the algorithm catches up with the minting by executing multiple minting transactions to clear the backlog here..

https://etherscan.io/address/0x47c803871c99ec7180e50dcda989320871fcbfee