Is the price really almost .00006??!?! whats driving it up!?
The GPUMAX PPS price jumps have been all over the board.
I just got tired of 'chasing' the current rate around, so I set mine low enough not to have to worry and high enough to make it worth my while.
Just a shot in the dark, but I have a hard time believing that it's large miners that are causing the price swings.
With the amount of time to edit each of their workers, I just don't see it.
So, as a small FYI, here's what a 5GH/s setup looks like (rough averages....obviously YMMV)
The 'average' 5GH/s Setup.
--------------------------
- 70 shares/minute
- 4,200 shares/hour (60 minutes)
- 100,800 shares/day (24 hours)
Now, estimate that GPUMAX makes up about 50% of your daily mining shares/income.
100,800 shares/day (24 hours) = 50,400 shares/12 hours average.
Using the above 12 hour share average (for a 5GH/s Miner), here's the difference between a few GPUMAX PPS rates:
0.000050 BTC/share = 2.520 BTC per half day average (5GH/s Miner).
0.000045 BTC/share = 2.268 BTC per half day average (5GH/s Miner).
0.000040 BTC/share = 2.016 BTC per half day average (5GH/s Miner).
The above figures assume near-perfect conditions, which are difficult to achive in any venture.
Currently, the rates (from what I have seen) have been anywhere from .00004 to .00005 NET (add 0.000005 approx. for GROSS rate).
Let's further reduce this down to support a 1GH/s average Miner:
0.000050 BTC/share = 0.5040 BTC per half day average (1GH/s Miner).
0.000045 BTC/share = 0.4536 BTC per half day average (1GH/s Miner).
0.000040 BTC/share = 0.4032 BTC per half day average (1GH/s Miner).
For the TINY gain in BTC for anyone under 5GH/s......Is it really worth all the fucking around ?
As others have pleaded: Set a price that is fair and forget it. Quit chasing pennies.
Cheers,
bitlane.
.