Has anyone else noted the big miners are kinda countering the magi model?
they hammer the hash, the reward drops, they hashrate drops by 60% until the reward comes back up and they just re-appear again? so it doesnt really seem to be stopping them. I cant fathom why they are bothering, with the power they have i would think they would be CPU mining monero its alot more profitable with the magi rewards sitting at 1xmg per block for 80% of the time now
Unfortunately, this is the status with the latest version of wallet. Mining with 120Kh returns nothing since the big miners are there waiting to get everything. I like XMG but like most CPU coins the return it’s too low to keep mining. Now you don’t know what the return will be. But I can also understand that modifying wallet so soon it’s not a good idea. The coin is stable again and needs time before any modification.
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