Re: [∞ YH] solo.ckpool.org 2% fee solo mining 273 blocks solved!
Quote
think of it as playing 1 dollar on a three digit number and getting paid 1025 to 1
low cost
high risk
high reward
under paid = investment
or playing 1 dollar on a three digit number and getting paid 975 to 1
low cost
high risk
high reward
overpaid = gambling
low cost
high risk
high reward
under paid = investment
or playing 1 dollar on a three digit number and getting paid 975 to 1
low cost
high risk
high reward
overpaid = gambling
In my state, they have a pick 3 digit lottery game. and it pays 500 to 1
. 50% house edge. I still play it sometimes, my same numbers. And i have won here and there, but over the long run I have lost due to the 50% house edge. I would be better off spending that money renting hashpower at a low reasonable price. Renting on nicehash is a MUCH BETTER odds than my state lottery game, when you bid low and don't overpay. I think you only get 10 days though for the order before it expires. So if too many people are overpaying, i think it is possible you never get your hashes, and then you lose out on the 3 or 4% nice hash fee. you can always adjust up your bid, but then you are at risk of overpaying.