Over paying for hash power, why? - page 3.

mikeywith

legendary

Activity: 2436

Merit: 6640

be constructive or S.T.F.U

Quote from: philipma1957 on April 19, 2020, 10:26:09 PM

I have to think a coin was getting launched...

Maybe.

Quote from: philipma1957 on April 19, 2020, 10:26:09 PM

... or an older small coin was superpumped.

Peercoin for instance.

I initially thought CW or Bitmain or anyone else for that matter was trying to pump their coin's hashrate, but it doesn't look like it, all SHA265 coins are pretty low in hashrate, nothing major is happening to any of them for the past couple of days, check them out.

philipma1957

legendary

Activity: 4326

Merit: 8914

'The right to privacy matters'

This went on for five weeks when gaw miners was launching a bs coin about five or six years ago.

I have to think a coin was getting launched or an older small coin was superpumped.

Peercoin for instance.

mikeywith

legendary

Activity: 2436

Merit: 6640

be constructive or S.T.F.U

The orders on Nicehach today were INSANE, many groups on FB/Telegram were talking about it, someone posted a screenshot and I thought it was a glitch or something, when I checked https://www.whattomine.com , found it was real! to double-check I went ahead and looked at the order book on Nicehash.

I want to hear your thoughts ( I have a few that I will share later) on why would someone pay 0.0906 BTC per PH/day? let's run the numbers in USD to make it a bit easier to understand.

0.0906 BTC a day = 650$ for 90PH he pays $58,500 to make 1.55 BTC or $11,100 a day, that's a $47,400 loss per day or about $2000 an hour, why would anyone on planet earth pay 5 times what they can make? and by the way, this explains the crazy high payout from NH today.

Topic: Over paying for hash power, why? - page 3. (Read 730 times)