Bitcoin Forum
November 14, 2024, 08:46:24 PM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1]
  Print  
Author Topic: Instead of buying Hash rates, I would like to buy difficulties  (Read 908 times)
gallery2000 (OP)
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


Live Stars - Adult Streaming Platform


View Profile
September 26, 2014, 02:19:08 AM
 #1

Hi,

Is there a way to buy the difficulty level?  I want to help fellow miners out by lowering the difficulty level.  Is this a good idea or what?

snowcrawl
Sr. Member
****
Offline Offline

Activity: 377
Merit: 250


View Profile
September 26, 2014, 02:26:40 AM
 #2

The only way to accomplish that would require providing some incentive (an offer they can't refuse) for a certain percentage of the current miners to unplug their machines and give up on bitcoin mining altogether.
gallery2000 (OP)
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


Live Stars - Adult Streaming Platform


View Profile
September 26, 2014, 02:35:04 AM
 #3

How about letting people mine and earn their bitcoins in a fantasy difficulty level?  For example, the current difficulty level is 34,661,425,924.  Instead of mining at all other pools with this 34,661,425,924 difficulty level, mine at "Fantasy Pool"  with a difficulty level of 14,661,425,924.   Do you think people would pay extra upfront to mine in the "Fantasy Pool" to get some fantastic bitcoins?

philipma1957
Legendary
*
Online Online

Activity: 4312
Merit: 8846


'The right to privacy matters'


View Profile WWW
September 26, 2014, 04:04:26 AM
 #4

How about letting people mine and earn their bitcoins in a fantasy difficulty level?  For example, the current difficulty level is 34,661,425,924.  Instead of mining at all other pools with this 34,661,425,924 difficulty level, mine at "Fantasy Pool"  with a difficulty level of 14,661,425,924.   Do you think people would pay extra upfront to mine in the "Fantasy Pool" to get some fantastic bitcoins?

So I run my miners on your pool.

 the whole thing is based on ½ the diff.  

if you can pay off at 2x the standard rate you would need lots and lots and lots of coins.
  How would you get people to trust you?

Lets say you did this you would lose money.

the current payoff for 1th is about

0.01452

so if I send 1th to your fantasy pool I should  collect 0.02904 a day until the next diff.  I just can't see a money making model for this on your end.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
gallery2000 (OP)
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


Live Stars - Adult Streaming Platform


View Profile
September 26, 2014, 04:25:12 AM
 #5

How about letting people mine and earn their bitcoins in a fantasy difficulty level?  For example, the current difficulty level is 34,661,425,924.  Instead of mining at all other pools with this 34,661,425,924 difficulty level, mine at "Fantasy Pool"  with a difficulty level of 14,661,425,924.   Do you think people would pay extra upfront to mine in the "Fantasy Pool" to get some fantastic bitcoins?

So I run my miners on your pool.

 the whole thing is based on ½ the diff.  

if you can pay off at 2x the standard rate you would need lots and lots and lots of coins.
  How would you get people to trust you?

Lets say you did this you would lose money.

the current payoff for 1th is about

0.01452

so if I send 1th to your fantasy pool I should  collect 0.02904 a day until the next diff.  I just can't see a money making model for this on your end.

You are right, it will not work.  You mine in the "Fatasy Pool" then you can only get "Fantasy Bitcoins" which you can only spend in a "Fantasy World", not the real world.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!