0.1 btc was too much? And 6 x 1070 is cheap?
0.1 btc is not too much for most miners I think but it is too much if the source will be public in a week. That's a short period of time to make that 0.1 back (and then some).
Yup... basically depends on the size of the farm and time to RoI. Why I still think a miner fee is the best way to do things... still is... Scales whatever the size.
Network difficulty is at 420GH, it gained 120GH in the last six hours. Pretty certain it'll be on par with other algos in maybe a day or two.
Most miners are small and there's not many big farms so a set price is far from optimal.
Let's see a theoritical and totally made up proportion of 3 sizes of miners (so don't get hung up on the numbers, just an example):
- number of small miners between 1 - 12 cards: 50
- medium miners between 12-60 cards: 20
- big miners with over 60+ cards: 5
Small miners can't afford 0.05-0.1 BTC and they wouldn't ROI anyway but they overall have 50 - 600 cards.
Medium miners probably can afford and might even profit from spending 0.05-0.1 BTC on a miner but it's risky and you're not going to make your money back about half of the time. They overall control somewhere between 240-1200 cards.
Big miners have no problem paying for 0.05-0.1 BTC for a miner and they are guaranteed to profit even from a tiny increase in profitability without any risk. They probably would pay much more for the same miner if they had to.
I don't mind donating to developers, I did so dozens of times and it's great way to thank them but a lot of people aren't donating and just rather wait for the open source release/leak and use that. And devs will likely open source their work shortly after selling them to a few miners in the hopes of more donations. I feel they should earn more by earning from more people.
I don't want to pour petrol on the bonfire that is the argument of a fee based miner and I get the risks and obstacles but that is the only method which taxes miners proportionately.
Team nvidia doesn't have a fee based miner at all so it would be free pickings and it would earn the developers a respectable amount which would further motivate them to work on their miner possibly pushing AMD back so eventually it probably also wouldn't matter if all nvidia miners were using the same miner. And it would also create a competition once more devs would see how much the other guy is earning.
I'm not by any means complaining, it just developing and optimizing miners for nvidia can't be sustainable with the odd donations and rare coins like LBRY.
