Discussing http://bitmark.co/statistics/healthYou can see the large spikes in production cost corresponding to difficulty hikes. This would explain why big miners are jumping on and off the network
Production cost corresponds to network difficulty. Network difficulty is adjusted to reflect the average network hashrate, which is determined by miners joining and leaving the network over the previous day. Chronikka's statement can be read to confuse a cause with an effect. If the average hashpower on the network is above the network target then as a later effect difficulty and production cost rise, if below then later difficulty and production cost reduce.
It should average itself out more or less though I think.
The green line on the production cost chart is the five day average, so yes, it does even out very well.
The Bitmark network has a very long reward maturation, any BTM mined cannot be used until the difficulty has changed twice more. If you mine all day today, then in two days all the currency you mined today would be usable. Any miner who is on the network consistently should use the green line as a fair average. Any miner who usually looks at 'profitability' charts to dump currency immediately would be wise to consider that with Bitmark it is an unknown metric, unless you can predict a market price in two days.
We should also look at the market. Soon we can expect to see a general alignment between production cost and market price. This happens naturally as currency is absorbed.
Over time both production-cost and price-tag are reflected by difficulty, difficulty is a measure of demand, and demand is in the domain of myself and others working on Bitmark and Marking.
Glad to see the big miners not sticking around ... yesterday; one worker in xHash.net took half the network and almost completely stopped the mningpool.co from finding blocks. Makes it harder for the rest of us.
The network was at 2GH/s and a miner added 1GH/s. Consequently that miner had 33% of the network hashing power and everybody else had 33% less. However the network found blocks 33% faster until the difficulty changed. So during that time everybody found 33% less blocks 33% faster.
Bitmark's rewards are
balanced to produce more rewards with less currency in each. As a result every miner get's a fair share, where 'fair share' is the amount of BTM produced divided by the network hashing power and multiplied by their hashpower.
If you provide 2% of the network hashpower you will get 2% of the rewards, regardless of which pool you are in or whether you solo mine.
If you mine on the network consistently then the green bar on production cost is your guide, the BTM you produce is equivalent whether you mine solo, on a pool, or p2pool. Production cost variance outside of the green line for you directly on average is entirely determined by the efficiency of your mining hardware and electricity costs. For some it will be higher, for others lower.
tl;drif you are mining consistently consider the green bar on the production cost chart to be your guide, the only way to achieve this is to mine consistently, anything else is a gamble with variance.
if you are buying btm on markets consider consider the green bar on the production chart to be a future guide, allowing some time at present for markets to catch up and absorb currency created before the markets existed.
