Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.
According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!
Or am I missing something...?
According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!
Or am I missing something...?
That could be, but everyone forgets the most important thing:
His data based on ONE UNIT alone, If his whole farm of gen2 mine the same coin at once, it will shot its difficulty to the sky while dumping the price to the ground since almost no altcoin with small marketcap could withstand his farm.
This is a concern. One solution might be smaller blocks within each farm that mine independent of each other and spread out the hash power to avoid too much on any single coin. The total return can just be pooled for each 24hr period. I assume this kind of stuff in the works.