I agree NeonTranceBadger - right now it seems like hashpoint mining is a great way for gaw to not pay out bitcoin while they lease your hashing power to someone else.
Also agree with jonnybravo0311 - since the maintenance/payout = .727 > .33, it would make sense to mine hashpoint now and use it to pay for maintenance in the future. but if the ratio is ever back below .33, keep the zenpool mining.
Topic: GAW Hashpoint mining (Read 1691 times)
In all honesty, I'm not sure how the payout for HP is calculated. When it was initially announced, it was said to be the same payout as you would get from ZenPool, except in HP instead of BTC. OK... but, the current payout in USD (with BTC at $350) per MH/s on Zen should be $0.11, so 11HP if each is a penny... yet, the rates show it to be 17HP.
Anyway, as of right now with BTC at $350, your daily payout for the ZenPool is 0.0003141BTC per MH/s. The maintenance fee is 0.00022857BTC netting you a payout of 0.00008553BTC per MH/s or, converted at the same rate $0.03 per MH/s per day.
So ask yourself... are you willing to give up $0.03 a day? Might as well just point them to mine those HP. Not like it's costing you much of anything to try it.
Anyway, as of right now with BTC at $350, your daily payout for the ZenPool is 0.0003141BTC per MH/s. The maintenance fee is 0.00022857BTC netting you a payout of 0.00008553BTC per MH/s or, converted at the same rate $0.03 per MH/s per day.
So ask yourself... are you willing to give up $0.03 a day? Might as well just point them to mine those HP. Not like it's costing you much of anything to try it.
I'm not a huge believer in cloud mining yet, but I have just a handful of zen and genesis hashlets. I can't post my questions over at hashtalk because all the backslapping-buddy true-believers don't seem to appreciate questions about profitability. I just need someone to check my math on mining hashpoints with zens.
Here's my scenario:
Zens will currently mine $0.17 per day per MH in hashpoints. There's no maintenance on hashpoint mining, but zenpool is $(0.08) per day per MH. So if you have 3 zens, and you set 2 of them to mine on zenpool and one to mine hashpoints, you're essentially using your hashpoints to pay for the maintenance on the 2 zenpools with a penny left over.
Since you're dedicating 1/3 of your mining power to pay for maintenance, you're basically paying a flat 33% maintenance (a little less since you also get a penny!). That would mean that as long as maintenance is below 33% of the return for zenpool, you shouldn't use zens to mine hashpoints. Am I think of this right?
Here's my scenario:
Zens will currently mine $0.17 per day per MH in hashpoints. There's no maintenance on hashpoint mining, but zenpool is $(0.08) per day per MH. So if you have 3 zens, and you set 2 of them to mine on zenpool and one to mine hashpoints, you're essentially using your hashpoints to pay for the maintenance on the 2 zenpools with a penny left over.
Since you're dedicating 1/3 of your mining power to pay for maintenance, you're basically paying a flat 33% maintenance (a little less since you also get a penny!). That would mean that as long as maintenance is below 33% of the return for zenpool, you shouldn't use zens to mine hashpoints. Am I think of this right?
HashCoin just makes no sense to me for what Josh is promising.
1. He wants it to be bigger than BitCoin, but how can it be if it will be completely controlled by GAW which goes against the fundamentals of cryptocurrencies of being decentralized.
2. Will they put it on to the exchanges or is it only allowed on hashbase.
3. If it's not allowed on the exchanges how will its value go up.
4. He wants it to "change the world" but getting people outside of GAW/Zen to accept another new coin will be hard when bitcoin already has an established community and especially when it can only be mined with Prime hashlets.
Look at all the altcoins that have come and gone and there are maybe a few that have really gone anywhere and doge probably would of never made it without the Reddit community.
I'm not a huge believer in cloud mining yet, but I have just a handful of zen and genesis hashlets. I can't post my questions over at hashtalk because all the backslapping-buddy true-believers don't seem to appreciate questions about profitability. I just need someone to check my math on mining hashpoints with zens.
Here's my scenario:
Zens will currently mine $0.17 per day per MH in hashpoints. There's no maintenance on hashpoint mining, but zenpool is $(0.08) per day per MH. So if you have 3 zens, and you set 2 of them to mine on zenpool and one to mine hashpoints, you're essentially using your hashpoints to pay for the maintenance on the 2 zenpools with a penny left over.
Since you're dedicating 1/3 of your mining power to pay for maintenance, you're basically paying a flat 33% maintenance (a little less since you also get a penny!). That would mean that as long as maintenance is below 33% of the return for zenpool, you shouldn't use zens to mine hashpoints. Am I think of this right?
Here's my scenario:
Zens will currently mine $0.17 per day per MH in hashpoints. There's no maintenance on hashpoint mining, but zenpool is $(0.08) per day per MH. So if you have 3 zens, and you set 2 of them to mine on zenpool and one to mine hashpoints, you're essentially using your hashpoints to pay for the maintenance on the 2 zenpools with a penny left over.
Since you're dedicating 1/3 of your mining power to pay for maintenance, you're basically paying a flat 33% maintenance (a little less since you also get a penny!). That would mean that as long as maintenance is below 33% of the return for zenpool, you shouldn't use zens to mine hashpoints. Am I think of this right?
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