Merry Christmas everyone!
Since mining with kano.is, I have decided in investing 6 more s7s and with my current 4 x S7s I am seeing the benefits and I think I am really happy here.
I have newbie question and would like to confirm my logic...
Let's say, I have 10 x S7 now mining x BTCs per period of time
Come 07-19-2016 - BTC reward block halving...
Would I see only 50% of x BTC per period of time?
To get back the 100% x BTC per period of time, would I then need 2 x (10 x S7) = 20 x S7s?
Why I am asking is a fellow miner was comparing maximum pool payout between kano.is and the rest, and advised me to not to put all my S7s "in one basket" because his logic was "every miner should try to get maximum BTC payout from now to July 19th, 2016" before its not worth mining anymore (ie. rewards are less than expense, electricity etc). He also advised me not to chase that dream of getting more s7s after July 19th because the difficulty level at that stage will be too high.
Comments?
I am sorry if I am posting an awkward question here, but I would like to hear expert views from the forum.
If you are expecting to get an ROI on hardware greater than cost and running expenses, then more hardware will mean better ROI.
If you are expecting to get a negative total ROI then more hardware means more loss.
But that's up to you to calculate based on expected return, your own costs and the cost of the hardware - and any resale value it 'might' have later.
One point to note is that there is no exact date when bitcoin will hit block 420,000. Anyone saying a date is just estimating it.
Once bitcoin reaches block 420,000, the coinbase per block will be half, 12.5BTC
The transaction fees may be the same, higher or lower.
By then the difficulty
per block will of course be expected to be higher.
How much higher? No body knows for sure.
No answers as such, since there are 4 unknowns:
1) When block 420,000 will be
2) Network difficulty between now and then
3) Pool Luck between now and then
and
4) The price of bitcoin then
--
Mining at multiple pool will reduce your variance
i.e. expect to make a "below expected reward" closer up to expected and ...
expect to make an "above expected reward" closer down to expected
Luck is fickle so it may make it better or worse, it's just expected to reduce variance.
If you mine at 2 pools with different proven rewards, then the expected result is to end up between the two pools.
The trick is finding another pool with a good track record meeting their expected reward.
... though if you want to discuss any particular other pools, do that at the other pools
