I wonder how many coins will an average miner mine each 24 hour period?
And how many coins in a month?
What are the costs of the mining?
And how much profits to expect from the mining?
Just my thoughts, but I thought that miners might find a block every hour,
and the average block will be about 30,000 lottocoins.
That means that each 24 hour period, an average miner will find 24 x 30,000 = 720,000 lottocoins
720,000 lottocoins each day.
30 x 720,000 lottocoins = 21, 600,000 lottocoins on average per miner in the first month
Does that seem like reasonable mining returns for the average miner?
(but this is lottocoin, so they may find some bigger blocks ?)
Perhaps they might find 25 million lottocoins in one month of mining?
I am offerring to buy 50 million for 100 bucks. that is true.
Or, I am offering a miner 50 bucks for his first month of mining lottocoins.
Is my price too low?
Or, will an average miner mine less than this, or more than this?
No offence intended at all. I am curious about this
I'm not sure I understand what you're asking. There have been several trades made within the past few days for ~0.0011 / 10k.
, meaning miners are getting even less coins now. Why would they sell you their (now scarcer) coins for a tiny tiny fraction of what others are paying? It's like me saying that I'll buy all the bitcoins you have for $1 each.