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Author Topic: Over paying for hash power, why?  (Read 718 times)
ClaytonBigsby
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May 02, 2020, 02:25:48 PM
Last edit: May 02, 2020, 07:49:49 PM by ClaytonBigsby
Merited by suchmoon (4), frodocooper (4), mikeywith (1), Artemis3 (1), jqprez (1)
 #41

On the 18th there was a solo miner on bsod getting blocks and renting from nicehash, 175 btcv a block at the time I think was 12k usd maybe more. It’s a huge risk because the dev will 51% attack and orphan all blocks, they were probably sleeping at the time cause blocks were confirming. Dev pool had about 2 Ehs at the time.

One of the pps pool joins the party because blocks are confirming, at the starts they started paying around 0.00004000 a ths. Now everyone is renting from NiceHash, and the pps started to increase. At one point, I saw it very high around 0.00011000. When the pps value was 0.00009500, nice hash was around 0.089.
Between the two pools, they had about 3-4 Ehs and was harder for dev to attack.

On the 23rd the pool operator and several individual miners stated their account got locked at coineal. Now, no one is renting because of exchange issues. Hash rate was too low and with the exchange issues, they took the pool offline. Took 2 days, but dev made a false claims about fraudulent activity. After the exchange investigated they released the funds.

Shortly after, btcv did their ddms hard fork and exchange closed deposit during the fork.
Party is over lol..
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