Topic: [POOL] ETHpool.coinfly.cc [FEE: 0%] [ETH] [PPS] Ethereum mining pool (Read 684 times)

So what could be interest to mine at CoinFly after 30. september instead of Ethermine?

It’s crazy day today - the block reward is 7.53 (according to https://whattomine.com/coins/151-eth-ethash at 8.00), and another 10% is more then 8 ETH, it’s really crazy 8.28 ETH.
Oh my God, we will go broke, but we’ll pay everything)))
With a capacity of 100 MH/s on our pool, you will receive an additional $1! More power = more reward.

Let's connect, don't miss this opportunity!

https://ethpool.coinfly.cc

Outmine me if you can
+ 10% to the reward for everyone

We have already told - and proved it with numbers - why the CoinFly pool is the most transparent and profitable pool out there. It's time to check it out! We’re going hardcore and announcing the start of a game of unprecedented generosity - we add 10% to the rewards for all the miners of our pool!

When? The promotion has already started today, August 27. It will last until the end of September. The sooner you connect, the more you mine;)

What? ... do I need to do to take part in the promotion? Connect to the CoinFly pool and mine properly!

Where? You can connect to the CoinFly pool right here: https://ethpool.coinfly.cc/

Roll up, guys!

The CoinFly pool is a fair pool with transparent billing. Still having doubts? Then meet our new tool - hashrate-based income calculator!

Learn more: https://coinfly.cc/tpost/2x0s0zhudp-new-tool-income-calculator

Today we’ll analyze the claim that all mining pools are stealing. Many enthusiasts involved in the mining process on forums, on the sidelines, and on other platforms are using this claim as a fundamental truth. Let’s look at the issue in detail: https://medium.com/@coinfly/all-mining-pools-are-stealing-or-not-4ef9ffe789f9

Full support of the miners at CoinFly

Read more at:  https://coinfly.cc/tpost/y6yh2rxik4-full-support-of-the-miners-at-coinfly

25/06/2020
What's new?

⚙️POOL⚙️
⚠️ Changed the main address for connecting to the pool: ethereum.coinfly.cc:3072⚠️
🔸 It is now possible to connect to our pool using NiceHash power. Address to connect to: ethereum.coinfly.cc:3073
🔸 Fixed calculation of the total amount of all awards for all time in the general report .
🔸 Improved statistics on the portal for anonymous mining

18/06/202
What's new?

⚙️ POOL ⚙️
🔸 We fixed problems with the dynamic difficulty of the share . In this way, the difficulty of the pool is adjusted to the power of specific equipment, approximating the indicators of the hashrate received by the pool and issued by the miner.
🔸 The performance of the pool has significantly increased, which means that it is ready to accept thousands of miners.
🔸 Bugs were found and fixed that led to the growth of reject shares.
⚠️ This new pool is now ready to start accepting miners and available at the new address ethereum.coinfly.cc:3072 ⚠️ this

🖥 PORTAL 🖥
🔸 Fixed the problem of unsynchronization of statistics nodes. Statistics periodically showed the value 0. now the problem is completely solved.

With Bitcoin mining halving fast approaching, there are mixed sentiments on what the future holds for most of the network miners. It’s no secret the operation stopped being profitable for many hobbyist miners long ago, and with the block rewards set to be slashed by half, the question now is, could this be the end for some medium and large-sized miners?

Bitcoin was programmed in such a manner that block rewards are halved every four years. So, what started as a reward of 50 BTC was reduced to 25 BTC in 2012 and 12.5 BTC in 2016. This May, the reward will go down to 6.25 BTC and keep reducing every four years until all the Bitcoins on the network are mined.

The network heavily relies on miners to confirm transactions, and these miners are incentivized through block rewards. But as block rewards reduce, so does the miners’ rewards. So with miners receiving fewer rewards, what is their motivation to continue mining?

Some experts have predicted that the halving may hurt Bitcoin mining, at least in the short term. According to Steve Tsou, the halving will impact miners in two ways; one, miners with low mining efficiency will be forced to stop and re-evaluate their business operations. And two, digital mining will gain traction as giant international companies with more advanced machines and cheaper sources of electricity pursue that path.

How Can Miners Survive The Halving
While a drop in price will spell the end for many operations, there are a few options for surviving the having for various small scale miners. Miners using the old Antminer S9 will have to upgrade their machines fast. Even though the Antiminer S9 consumers less electricity, it’s no Antminer S17, which can mine 300% faster but consumes 50% more electricity. Even with prices falling to the $3,000-$5,000 range, and electricity at the $0.03-$0.05 for a kilowatt-hour, the new machine will be able to breakeven.

Also, miners can opt to join mining pools, which consist of groups of cooperating miners that agree to share block rewards according to the amount of mining hash power they have contributed. One such platform is CoinFly, an all in one ecosystem for miners. The platform seeks to make mining more transparent and profitable for all. Some of its features include easy onboarding, equipment setup and optimization, global ping reduction, and autopilot mining.

It also offers its users access to honest pools equipped with effective miners. As well as handling other routine tasks and providing IFRS compliant reports.

The platform works through automatic equipment tuning and hardware optimization since its OS reduces power consumption and increases the hash rate output as well as profit. There is also an autopilot mode that allows one to mine the most profitable currency in real-time and converts the minted coins to the desired coins. To get started, miners need to create an account on the platform, download COS and begin to mine where they will get paid every 24 hours.

Another survival tactic is selling Bitcoins in the spot market as new ones are mined. Here there are various strategies that involve different degrees of risk, reward, and initial capital needed. Derivatives trading will allow small scale miners to hedge against future price fluctuations in BTC.

These miners can use futures or options contracts to protect themselves from being too much affected by short term volatility by either buying an option contract that will allow them to sell Bitcoins at a determined price in the future or shorting Bitcoin through a futures contract.

Halving Effect on The Price of Bitcoin
Bitcoin halving is always highly anticipated within the crypto industry. Many are bullish on the price as the issuance of new coins is reduced, they expect demand to stay the same or even increase based on laws of supply and demand.

But if we have learned anything over time, the price of Bitcoin doesn’t always follow the expected path. Its possible the price could remain the same or even drop since many factors influence it, including trader speculation. For example, margin trading is known to drive the price of Bitcoin when volatility ensues. And this was visible when BTC crashed on March 12-13, leading to the liquidation of many leveraged positions.

Miners also play a role in determining the price as they account for a considerable percentage of the sell pressure in Bitcoin since they need to liquidate the coins they mine to cover the cost of their operations. Other exchanges aside, miners account for most of the exchange inflow, and unlike traders that buy and sell, miners only sell.

If the price of Bitcoin crashes after halving, we can expect to see the mining difficulty drop, and with miners under pressure to sell, many will close shop as profitability drops. Also, expect to see a change in the mining ecosystem where only more advanced operations will be rewarded – those that can hold on coins for a more extended period to change the dynamic of when and how much the newly mined Bitcoins will be sold for.

But if prices rise after halving, then all miners will have no reason to worry. Even though they will receive fewer coins, they will be able to sell each one of them for a higher value.

Bitcoin is still the most valuable digital asset and its security is being guaranteed by the community of miners and providers. Such providers as CoinFly eliminate fears of users about the centralization.

Thing is, we cannot measure the success of blockchain using one parameter. There are several factors that come into play, and yes, the community is still paramount. Reason? Well, the source code of leading projects like Ethereum, Bitcoin, and Ripple‘s XRP, is open. It is available for individuals that can decide to “play” and even fork it.

This could explain the many splits of Bitcoin source code since 2009 when the tons of possibilities enabled by Bitcoin infiltrated the mass media. We have had Bitcoin Cash, Bitcoin Private, and several others. It doesn’t really matter because as it is, Bitcoin is still king.

But Bitcoin as a protocol is nothing without the involvement of active developers, punters, investors, and true believers. The community of miners and providers guarantees the security of the world’s most valuable digital asset.

The anonymous founder Satoshi Nakamoto implemented the Proof-of-Work consensus algorithm that made it mandatory for nodes, willing to compete for the 12.5 BTC released after every successful block, to invest in expensive (and on-demand) mining gear.

The Age of ASICs and Centralization Questions
Competition is cut-throat. Because of application-specific integrated circuits (ASICs), mining from CPU—and perfect decentralization, is out of the question. Even GPU mining in Bitcoin won’t simply cut it. Only the latest energy-efficient, high hash rate mining equipment joining forces to form a coalition of miners called pools can compete in the heavily industrialized mining scene for a share. Regarding Bidl the first mining pool was created in November 2010 and called Slush Pool.

And it is not even guaranteed because there are thousands of mining pools and farms distributed across the globe angling for the same block released every 10 minutes. The industrialization and the requirement of heavy investment in specialized ASIC miners calls into question whether Bitcoin is truly “decentralized” as designed by Satoshi Nakamoto.

Contrary to what should have been expected, Bitcoin is classified as a truly decentralized network by most regulators. The U.S. SEC, for example, has endorsed Bitcoin and Ethereum. As such, their native currencies, BTC and ETH, are utility assets.

However, there are many ways of interpreting this.

Community Is Decentralized and Members Are Agents
Bitcoin as a network has grown by leaps and bounds over the years. From a mining perspective, the evolution from CPU to ASIC shows how strong the demand is and how community members distributed across the globe makes it easy for even more users to participate.

For example, CoinFly which is a portal where users—with little or prior knowledge of mining, can be connected to honest mining pools, have flourished. To further easy things for their users, they have a crypto operating system which has a monitoring module with readily available mining hardware support.

Additionally, since miners are aggregated from the rest of the world, this represents distribution and decentralization since CoinFly and similar providers won’t exist without the community of miners funneled into select mining pools. This in a way, trumps the centralization question.

Expanding Bitcoin Ecosystem
On another plane, the distribution of coin holders as revealed by the number of unique addresses could be another way to measure the level of BTC decentralization. Unlike emerging projects serving the finance niche where over 50 percent of the total supply is held by a few individuals, BTC ownership is distributed evenly and no one individual can claim majority ownership. Mined Bitcoins are held by institutions, retailers, governments, and traders.

Ahead of May 2020 halving, GlassNode—a blockchain data provider, notes that there has been a marked increase in activity and specifically, the number of active Bitcoin addresses shot up 19 percent in March. Coincidentally, in March, the price of Bitcoin—and the crypto market, sunk as the spread of coronavirus disrupted activities in China, Europe, and the United States.

“The active entities metric represents Bitcoin’s active addresses, clustered to remove in-house transactions. Its increase represents a change from the relatively lower levels of activity seen after the crash of March 2020, and may indicate new investors entering the market”.

“As global markets continue to see massive uncertainty and instability – and traditional “safe haven” assets such as oil plummet in price – BTC is becoming a more attractive asset, acting as a hedge against traditional financial markets”.

As observed, the number of Bitcoin addresses continues to surge quarter to quarter cementing the coin’s position as a utility that is scarce and valuable. Bitcoin serves different purposes. It can be a store of value competing with gold, a speculative asset for trading, and electronic money where it is treated as a medium of exchange.

Interestingly, one need not buy, set-up, and maintain gear to mine Bitcoin. The presence of providers such as CoinFly—who in Q3 2020 plans to introduce an AI-based hardware overclocking settings and video surveillance, makes it easy for users, only highlights how the growth of the Bitcoin ecosystem is more important than fears of miner centralization.

The year 2017 saw a tremendous amount of hype drawn by the term “Bitcoin” and crypto-markets filled with an equally exceptional action-packed activity. Ridiculous amounts of investments were hurled towards different cryptocurrencies as Bitcoin touched its all-time high of about $20,000 USD. More and more people jumped on to the bandwagon in hopes of scoring high profits, including many enthusiasts who thought of mining Bitcoin tokens. However, what unfolded afterwards is a frightening tale of its own; As the whole crypto-world took a massive hit and the markets crumbled down like a house of cards.

However, living up to its unpredictability, the crypto-markets are seeing another wave of rising charts. As the monumental event of Bitcoin halving, which is set to happen in May 2020, draws closer, Bitcoin starts to showcase a remarkable upward trajectory and soars high in terms of price valuation. The analysts have hinted towards a very bullish market in the coming days. How high will Bitcoin go this time? Will it manage to break its all-time high value? These are some questions that intrigue the crypto-community at large. But another question that warrants a reaction of its own, is the fact that mining Bitcoin will turn profitable once again as Bitcoin’s rising price starts to out-worth the mining expenses.

The cryptocurrency mining industry is an industry (a billion dollar one) where individuals, groups and businesses have to compete against powerful mining equipment to stay relevant in the network. What happens is that mining rigs solve complex mathematical equations, and whosoever manages to solve it first, earns the block reward. In order to enhance their computational powers, people started to buy special equipment, ASICs and mining rigs. These mining machines had a competitive cost of anywhere between $3,000 to as much as $10,000. Antminer R4 costed about $1,000, while Antminer S9 and DragonMint had a price tag of around $3000.

Mining profitability isn’t all about the equipment; There’s a delicate equilibrium that needs to be achieved between the cost of mining, and the price of earned Bitcoins. For the past year, Bitcoin showcased a rather stagnant value which did not deem it feasible for many miners to earn any profit. To put things into perspective, machines like Bitmain’s AntMiner S9 or Canaan’s Avalon A851, took a toll on your bank account, even before they consumed a high amount of power to get to work and produce Bitcoins. Mining had not been worthwhile in places, where electricity charges were quite high, as energy consumption commenced the profit margin in many cases.

Optimizing the settings of your equipment or even joining the computational power of your equipment with other mining pools can allow you to earn better profits. CoinFly is offering a platform that can help you set up your mining rigs, and start minting high profits even if you have little or no knowledge about the health of your equipment and how to set it to yield the best results. Likewise, it also provides high-tuning features for professionals and offers automated support for crypto-enthusiasts who are new to the mining process.

Coinfly’s platform also features some tools which allow the miners to have complete command over their mining process and offers honest mining pools that users can join to earn higher profits. Also, they opened a beta version of CoinFly PPS ETH mining pool with zero fees, DDoS protection, and professional consultation of their specialist in 10 minutes. They use Microsoft Azure to ensure the seamless work of the pool.

However, with the current ongoing situation, a ray of hope has emerged as Bitcoin has gained momentum. The rising price is likely to offset the mining expenses that are incurred during the process. Additionally, the world has seen oil-prices going negative recently. This will indirectly set a precedence of cheaper electricity as fuel prices dropdown. To top it off, Asian markets will see a period of rainy season in the coming days. This means, their hydropower capacity will increase and the electricity prices will go down, although, for a short period. This seasonal spike, along with other favorable factors, will lay the foundation for increased Bitcoin mining activities.

As Bitcoin starts its rally to break its first hindrance at $10,000 USD by the first half of May, the older mining equipment will once again become relevant. The returns will outweigh the expenses that are incurred during the mining process. One of the biggest bitcoin mining areas, China will see its electricity prices dropping below 3 cents per kWh, and if Bitcoin keeps on soaring at its current rate, older mining machine variants like S9 and DragonMint can allow 20-30% profit margins. The profit margins can be as high as 60% for latest machines like Antminers S17 and S19 series.

Bitcoin mining is a dynamically changing game, where one has to take different factors into account. Multiple cost/benefit analysis are required to decide it’s worth for a miner. However, the rising trajectory of Bitcoin will potentially bring the old mining machines back into business.

Read more at: https://www.publish0x.com/analysis-from-moon/bitcoin-mining-profits-soar-higher-amidst-halving-optimism-xxojqmm

These three are interconnected in a sense that for one ecosystem to function perfectly then all cogs must be intact. Blockchain underpins the Bitcoin protocol but Bitcoin as a platform is nothing without a community of distributed miners.
Bitcoin promises to drive financial inclusion, but it is the complete decentralization of miners that delivers this gift. And this is where enabling platforms like mining providers fill the gap. But admittedly, Bitcoin mining–considering what’s at stake, is an expensive affair.
There are bills to be paid for expensive yet on-demand gear that must be upgraded from time to time. This is on top of operation expenses which is mostly about settling electricity costs.

Bitcoin Mining Can be Expensive

Mining gear consumes power and as they do, they expend heat and let’s not forget the deafening noise. Combined, the cost of operation, cooling, and noise attenuation mean a savvy miner must do everything to reduce the cost of production and remain relevant for profitability. At the heart of this is selecting the best location of operation where a balance must be struck.
The Bitmain Antminer S19 Pro, for instance, consumes 3,250W in exchange for 110 TH/s yielding $$40.68 per week in profits if the cost of electricity is $0.10 KWH according to What to Mine.
This is the naked cost without factoring in the cost of hardware acquisition, cooling, noise control, and rent. However, if electricity cost drops to say $0.03 per KWH at BTC spot rates of $7,700, profitability will rise 30 percent to $78.95.
Other factors like the next Bitcoin halving will come to play but the cost of electricity matters regardless of the hash rate.
While the cost of power in China will likely drop in this rainy season, in other areas and especially where it is not feasible to tap renewables or hydro, dropping oil prices is a relief and an opportunity for miners.

Falling Oil Prices

On April 20, the West Texas Intermediate (WTI) crude oil futures for May delivery fell 305 percent to -$36.73 a barrel, sending shock waves in the commodities and Oil markets. Although prices have since snapped back to above $10, it showed how fragile the markets were.
Futures traders were dumping May oil Futures deliveries as storage facilities across the United States were full. As storage comes with a cost, traders quickly dumped to prevent barrels of oil being physically delivered.
Because of the supply gut, oil prices will drop and this will be a boom for Bitcoin miners. For ordinary traders who can leverage CoinFly’s platform where its OS is tuned to reduce power consumption and increase hash rate and therefore profits, there is no need to pull hair.
Combined with the provision of honest mining pools and the option of shifting to the Autopilot mode where the miner flawlessly mines the most profitable currency in real-time while simultaneously taking control of all mining processes like hardware adjustment, miners have an edge.
However, for Bitcoin mining businesses who depend on oil prices for profitability, the expected drop in oil spot rates is exciting.

Why Falling Oil Prices Will Boost Bitcoin Miners’ Profitability

Falling oil prices mean the cost of firing expensive diesel generators will remain low. With low operating costs coupled with rising Bitcoin prices, profitability remains high. Depending on how governments across the world put measures in place to curb the spread of the highly contagious zoonotic virus, the demand for oil will remain suppressed further heaping pressure on price.
This, in the short to medium term, will play in favor of miners who have to contend with the volatile nature of Bitcoin’s prices, hash rate of their mining gear, and electricity costs which vary from one jurisdiction to another.
But with halving scheduled in the next 13 days, low oil prices will play an important role in shoring the general health of the Bitcoin network. The strength and weakness of Bitcoin is measured in hash rate contributed by a maze of miners distributed across the world. After halving, Bitcoin block rewards will fall to 6.25 BTC.
Even as rewards fall, operating costs will likely remain the same because it is unlikely for energy companies to reduce the cost of electricity for miners with gear running on their backyards. Compensating for will be a hopeful re-pricing of Bitcoin.
Depending on how halving will be received, it is highly likely that weak miners will be shaken out if prices fall creating room for industrialization and centralization as competition for the 6.25 BTC becomes cut throat.
If oil prices remain suppressed in the medium term because of coronavirus disruption, miners drawing power from diesel generators will remain in business as oil prices would have nearly halved as Bitcoin prices rise compensating for the halving of Bitcoin miner rewards.

With Bitcoin mining halving fast approaching, there are mixed sentiments on what the future holds for most of the network miners. It’s no secret the operation stopped being profitable for many hobbyist miners long ago, and with the block rewards set to be slashed by half, the question now is, could this be the end for some medium and large-sized miners?
Bitcoin was programmed in such a manner that block rewards are halved every four years. So, what started as a reward of 50 BTC was reduced to 25 BTC in 2012 and 12.5 BTC in 2016. This May, the reward will go down to 6.25 BTC and keep reducing every four years until all the Bitcoins on the network are mined.
The network heavily relies on miners to confirm transactions, and these miners are incentivized through block rewards. But as block rewards reduce, so does the miners’ rewards. So with miners receiving fewer rewards, what is their motivation to continue mining?
Some experts have predicted that the halving may hurt Bitcoin mining, at least in the short term. According to Steve Tsou, the halving will impact miners in two ways; one, miners with low mining efficiency will be forced to stop and re-evaluate their business operations. And two, digital mining will gain traction as giant international companies with more advanced machines and cheaper sources of electricity pursue that path.
How Can Miners Survive The Halving
While a drop in price will spell the end for many operations, there are a few options for surviving the having for various small scale miners. Miners using the old Antminer S9 will have to upgrade their machines fast. Even though the Antiminer S9 consumers less electricity, it’s no Antminer S17, which can mine 300% faster but consumes 50% more electricity. Even with prices falling to the $3,000-$5,000 range, and electricity at the $0.03-$0.05 for a kilowatt-hour, the new machine will be able to breakeven.
Also, miners can opt to join mining pools, which consist of groups of cooperating miners that agree to share block rewards according to the amount of mining hash power they have contributed. One such platform is CoinFly, an all in one ecosystem for miners. The platform seeks to make mining more transparent and profitable for all. Some of its features include easy onboarding, equipment setup and optimization, global ping reduction, and autopilot mining.
It also offers its users access to honest pools equipped with effective miners. As well as handling other routine tasks and providing IFRS compliant reports.
The platform works through automatic equipment tuning and hardware optimization since its OS reduces power consumption and increases the hash rate output as well as profit. There is also an autopilot mode that allows one to mine the most profitable currency in real-time and converts the minted coins to the desired coins. To get started, miners need to create an account on the platform, download COS and begin to mine where they will get paid every 24 hours.
Another survival tactic is selling Bitcoins in the spot market as new ones are mined. Here there are various strategies that involve different degrees of risk, reward, and initial capital needed. Derivatives trading will allow small scale miners to hedge against future price fluctuations in BTC.
These miners can use futures or options contracts to protect themselves from being too much affected by short term volatility by either buying an option contract that will allow them to sell Bitcoins at a determined price in the future or shorting Bitcoin through a futures contract.
Halving Effect on The Price of Bitcoin
Bitcoin halving is always highly anticipated within the crypto industry. Many are bullish on the price as the issuance of new coins is reduced, they expect demand to stay the same or even increase based on laws of supply and demand.
But if we have learned anything over time, the price of Bitcoin doesn’t always follow the expected path. Its possible the price could remain the same or even drop since many factors influence it, including trader speculation. For example, margin trading is known to drive the price of Bitcoin when volatility ensues. And this was visible when BTC crashed on March 12–13, leading to the liquidation of many leveraged positions.
Miners also play a role in determining the price as they account for a considerable percentage of the sell pressure in Bitcoin since they need to liquidate the coins they mine to cover the cost of their operations. Other exchanges aside, miners account for most of the exchange inflow, and unlike traders that buy and sell, miners only sell.
If the price of Bitcoin crashes after halving, we can expect to see the mining difficulty drop, and with miners under pressure to sell, many will close shop as profitability drops. Also, expect to see a change in the mining ecosystem where only more advanced operations will be rewarded — those that can hold on coins for a more extended period to change the dynamic of when and how much the newly mined Bitcoins will be sold for.
But if prices rise after halving, then all miners will have no reason to worry. Even though they will receive fewer coins, they will be able to sell each one of them for a higher value.

With Bitcoin mining halving fast approaching, there are mixed sentiments on what the future holds for most of the network miners. It’s no secret the operation stopped being profitable for many hobbyist miners long ago, and with the block rewards set to be slashed by half, the question now is, could this be the end for some medium and large-sized miners?

Bitcoin was programmed in such a manner that block rewards are halved every four years. So, what started as a reward of 50 BTC was reduced to 25 BTC in 2012 and 12.5 BTC in 2016. This May, the reward will go down to 6.25 BTC and keep reducing every four years until all the Bitcoins on the network are mined.

The network heavily relies on miners to confirm transactions, and these miners are incentivized through block rewards. But as block rewards reduce, so does the miners’ rewards. So with miners receiving fewer rewards, what is their motivation to continue mining?

Some experts have predicted that the halving may hurt Bitcoin mining, at least in the short term. According to Steve Tsou, the halving will impact miners in two ways; one, miners with low mining efficiency will be forced to stop and re-evaluate their business operations. And two, digital mining will gain traction as giant international companies with more advanced machines and cheaper sources of electricity pursue that path.

How Can Miners Survive The Halving
While a drop in price will spell the end for many operations, there are a few options for surviving the having for various small scale miners. Miners using the old Antminer S9 will have to upgrade their machines fast. Even though the Antiminer S9 consumers less electricity, it’s no Antminer S17, which can mine 300% faster but consumes 50% more electricity. Even with prices falling to the $3,000-$5,000 range, and electricity at the $0.03-$0.05 for a kilowatt-hour, the new machine will be able to breakeven.

Also, miners can opt to join mining pools, which consist of groups of cooperating miners that agree to share block rewards according to the amount of mining hash power they have contributed. One such platform is CoinFly, an all in one ecosystem for miners. The platform seeks to make mining more transparent and profitable for all. Some of its features include easy onboarding, equipment setup and optimization, global ping reduction, and autopilot mining.

It also offers its users access to honest pools equipped with effective miners. As well as handling other routine tasks and providing IFRS compliant reports.

The platform works through automatic equipment tuning and hardware optimization since its OS reduces power consumption and increases the hash rate output as well as profit. There is also an autopilot mode that allows one to mine the most profitable currency in real-time and converts the minted coins to the desired coins. To get started, miners need to create an account on the platform, download COS and begin to mine where they will get paid every 24 hours.

Another survival tactic is selling Bitcoins in the spot market as new ones are mined. Here there are various strategies that involve different degrees of risk, reward, and initial capital needed. Derivatives trading will allow small scale miners to hedge against future price fluctuations in BTC.

These miners can use futures or options contracts to protect themselves from being too much affected by short term volatility by either buying an option contract that will allow them to sell Bitcoins at a determined price in the future or shorting Bitcoin through a futures contract.

Halving Effect on The Price of Bitcoin
Bitcoin halving is always highly anticipated within the crypto industry. Many are bullish on the price as the issuance of new coins is reduced, they expect demand to stay the same or even increase based on laws of supply and demand.

But if we have learned anything over time, the price of Bitcoin doesn’t always follow the expected path. Its possible the price could remain the same or even drop since many factors influence it, including trader speculation. For example, margin trading is known to drive the price of Bitcoin when volatility ensues. And this was visible when BTC crashed on March 12-13, leading to the liquidation of many leveraged positions.

Miners also play a role in determining the price as they account for a considerable percentage of the sell pressure in Bitcoin since they need to liquidate the coins they mine to cover the cost of their operations. Other exchanges aside, miners account for most of the exchange inflow, and unlike traders that buy and sell, miners only sell.

If the price of Bitcoin crashes after halving, we can expect to see the mining difficulty drop, and with miners under pressure to sell, many will close shop as profitability drops. Also, expect to see a change in the mining ecosystem where only more advanced operations will be rewarded – those that can hold on coins for a more extended period to change the dynamic of when and how much the newly mined Bitcoins will be sold for.

But if prices rise after halving, then all miners will have no reason to worry. Even though they will receive fewer coins, they will be able to sell each one of them for a higher value.
 

Welcome miners!
We are happy to announce the opening of a new mining pool for mining Ethereum (ETH) with a commission of 0%

== FEATURES ==

🔸Main advantages of our mining pool:🔸

The pool fee is 0%;
Reliability and stability of the pool
Guaranteed stable payments
Coins – ETH
Smooth operation of the pool with the Microsoft Azure node
Minimum ping for Europe
Scheme of charges – PPS;
The minimum payout amount is 0.05 ETH every 24 hours!
DDOS protection
Quick entry point to the pool without resetting the SOFTWARE
Without registration
Detailed statistics on the operation of the equipment.
Detailed history of earnings and payments
Easy and intuitive interface.

== ADDRESS & LINKS ==


Pool web address: https://ethpool.coinfly.cc
Server  EU: stratum://@core.coinfly.cc:3072/
Statistics and reports: https://miner.coinfly.cc/ru/#/reports/general

== CONTACTS ==

Telegram Chat: https://t.me/coinflypool
Telegram Channel: https://t.me/coinflypoolchanel