Yeah I can't remember where maybe the discord Kano had mentioned if we got over 400 PH consistently the pool fees would drop. I think there is a good percentage of that 400 waiting for either the pool to grow close enough, or for another large player to show up before they come over.
Yep, I've mentioned it a few times over the past year - if we can get the 5Nd over 400PHs I'll drop the fees to 0.5%
Either way that combined with the fact that all block and miner rewards are shared with the pool should be enough to convince 1EH to mine here if they aren't mining solo. Low fees and total rewards being shared how can you go wrong
...
Well the main problem with some 1EH miners is that they are locked into the pool with the higher fees they pay.
Others have no idea what they are doing and just mine wherever they were told to mine at the start.
A few seem to want to start their own pool but they clearly don't realise that the costs they pay to do that are higher than mining here also, and the result is less reliable also.
The cost here for a 1EH miner (since the fee would be 0.5%) would effectively be 5PH
I can't remember who, but someone also said that there's a trust issue, but that's actually a complete misunderstanding of the situation they are in.
They have to trust everyone who runs their pool for them. In the case of this pool, it's blatantly clear what's happening with the data I provide.
In the case of their own pool they have to trust some other 3rd party who runs it for them ... so I don't really see the issue ...
Anyway, that's the way it is.