Ok questions guys. I have ~250TH on this pool committed for at least a month, possibly for full ramp up. A few questions though that I would like peoples opinions on. These questions are purely financially motivated, I have no interest in dont support company B because they are evil, its all about the money.
This pool is 0% fee which is amazing, people say you will make more money mining here in the long run than anywhere else. Why is this pool more profitable than connectbtc.com They are PPS, so no TX fees are paid, but they pay 110% so each share is treated as if a block were 13.75btc with 0% fees. Wouldnt this be a more profitable choice especially since fees are so low right now?
Is there a way to A) Calculate how close to full ramp you are, or B) see what the potential reward is when fully ramped? 250TH out of 20PH is 1/80th so assuming that the pool is the same hash rate when im fully ramped, does this mean I would see 1.25% of each block as payment?
This pool changes hash rate alot, especially with Halong helping by burning in their miners. If 5nd is 30 days and I have been mining for 35 days, im fully ramped up and getting a full reward. If, the hash rate drops down, and 5ND goes up to 50 days this would mean I am no longer fully ramped correct? Even though I was earlier?
First question is yes if that other pool pays out 13.75 each block and the blocks hit here are 12.8 you would be correct. But there are more complexities then a simple yes.
simplest one is no pool can afford to endlessly pay out 13.75 btc when a block is 12.8
But there are even deeper reasons to stay here until you get ramped to 250th
If it is day 50 and you are at 250th you and move 200th to the pool you mention
Since ramp up is slow ramp down is slow.
Since you left 50th here ramp down is slower.
thus you will have
250th + 250th = 500th one day one of the switch
248th + 250th = 498th on day two of the switch
246th + 250th = 496th
that is a nice boost. but here is the kicker we are at 7500 per coin
you ramp for 50 days and we are at 11000 per coin = even better
Guess what I did in Nov and Dec last year when coins moved up to 19990
There are a few pools that do give you this shot.
There is just this pool that is fee free.
12.6/80 = 0.1575 btc at full ramp up
computer genie has an app that shows current number.
http://www.yourcomputergenie.com/?address=1GeniexG7MnLr9WH48jG1cPLqgGbqUsaFMhttp://www.yourcomputergenie.com/?address=16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJryour last question I am not sure of I think if you leave 50th of your 250th and pool grows compared to network growth your full ramp up could last much longer
and of course if the pool growth shrinks compared to network growth your ramp up drops faster.
But since coins are down under 8k getting to a ramp up on this pool cost less then if coins are at 12k
I have a ramp up of 80th and I am now mining 45th I shrink very slowly
If I had 80th on the pool you mentioned an went to 45th My drop from 80th to 45th is in a day. Not months which it will be here.
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