Ugh.. Killing it for small renters.
LOL
you are correct he kills smaller renters as he over pays. My guess is he is over paying. Based on the fact that I see a lot hash at high prices.
these 3 orders are far too high a price to pay.
#414773 Standard Alive 0.0112 0.28320608 0.95 600.00 424 638.3952
#414453 Standard Alive 0.0112 0.37079517 0.46 1600.00 1460 1734.9164
#414863 Standard Alive 0.0108 0.24582515 2.66 600.00 718 205.3762
but many lack the ability to wait for low price.
0.0103 is a 4% fee
0.0100 is a good price to pay about 1%
0.0099 is 0%
0.0098 or lower and the math is in your favor
0.0108 is about a 9% fee
0.0112 is about a 13% fee
so those orders listed above are 2800gh and if they were for 0.0101 they would be more in line.
but he is hot and willing to over pay
assuming it is the guy with 5 blocks in 22 days
jonnybravo0311 tells it well
https://bitcointalk.org/index.php?topic=763510.msg11456510#msg11456510renters that overpay due to mystical thinking (I am fucking hot I will press my luck) are why I took 6 days to do the last rental I just waited for price to drop to a fair number.
.0098 to .0102 is okay for this adjustment.
once we hit 2 blocks I pushed a bit higher. since I was trying to meet the needs of 9 other guys. and was tired of watching the prices.