I'm not a huge believer in cloud mining yet, but I have just a handful of zen and genesis hashlets. I can't post my questions over at hashtalk because all the backslapping-buddy true-believers don't seem to appreciate questions about profitability. I just need someone to check my math on mining hashpoints with zens.
Here's my scenario:
Zens will currently mine $0.17 per day per MH in hashpoints. There's no maintenance on hashpoint mining, but zenpool is $(0.08) per day per MH. So if you have 3 zens, and you set 2 of them to mine on zenpool and one to mine hashpoints, you're essentially using your hashpoints to pay for the maintenance on the 2 zenpools with a penny left over.
Since you're dedicating 1/3 of your mining power to pay for maintenance, you're basically paying a flat 33% maintenance (a little less since you also get a penny!). That would mean that as long as maintenance is below 33% of the return for zenpool, you shouldn't use zens to mine hashpoints. Am I think of this right?
HashCoin just makes no sense to me for what Josh is promising.
1. He wants it to be bigger than BitCoin, but how can it be if it will be completely controlled by GAW which goes against the fundamentals of cryptocurrencies of being decentralized.
2. Will they put it on to the exchanges or is it only allowed on hashbase.
3. If it's not allowed on the exchanges how will its value go up.
4. He wants it to "change the world" but getting people outside of GAW/Zen to accept another new coin will be hard when bitcoin already has an established community and especially when it can only be mined with Prime hashlets.
Look at all the altcoins that have come and gone and there are maybe a few that have really gone anywhere and doge probably would of never made it without the Reddit community.
