Quote from: jrrsparkles on September 01, 2019, 04:03:35 AM

Quote from: Wolfy10 on August 31, 2019, 10:54:47 PM

Quote from: jrrsparkles on August 30, 2019, 01:29:29 PM

Quote from: Wolfy10 on August 29, 2019, 11:01:16 PM

The mining process remains untouched therefore, this doesn't affect the share submission for Altcoin miner. Miners will still be finding valid solutions for the altcoin chain.

Catalyst doesn't change profitability or mining difficulty. Only affects the currency payments are made.

Is there any reason to use your service since we can mine altcoins and convert into bitcoin on the exchanges right?

And also mention about the prices to convert mined coins into bitcoin.

If there is no fee then this may worth try since it can reduce the expenses of trading fee and withdrawal fee from an exchange.

With Catalyst, we're just aiming to make mining a tad easier. You don't have to worry about the exchange process.

Coins are converted at current market value. We are still adjusting the fee but we're looking to settle at 2% and that covers network, exchange and Luxor fees. So for 2% extra, you get BTC in your wallet hassle-free.

2% fee is still huge because you are not doing anything other than converting people's altcoin to bitcoin, if they done by themselves then the fee will be about 0.2% so you are asking 10 times of the actual fee.

Anyway any minimum amount of crypto to be converted? like 0.001BTC!

Well, if you're a small GPU or ASIC miner BTC network fees can be anywhere between 1 to 5 USD each. That's usually way more than 2% of the amount you're withdrawing from the pool.

Since we have just launched Catalyst we're still adjusting and finding the optimal spot to operate in. Might be lower in the near future.

Wolfy10

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