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Topic: SECRET: This is how a bitcoin mining pool makes big money - page 2. (Read 12708 times)

legendary
Activity: 2786
Merit: 1031
well, you say profit, but what about the pool's admin and overhead costs? more specifically, that would be gross, not profit.

Don't bother with that, just read his other topics and you'll understand.

https://bitcointalksearch.org/topic/only-buy-1-terahash-or-more-bitcoin-miners-hardware-294399
member
Activity: 112
Merit: 10
Coffee makes it all better!
well, you say profit, but what about the pool's admin and overhead costs? more specifically, that would be gross, not profit.
legendary
Activity: 1582
Merit: 1000
SECRET: This is how a bitcoin mining pool makes big money
(Free gift from his majesty the King Cuong V Truong)

The bitcoin mining pool operator partnered up with FPGA factories all over the world to produce Bitcoin mining machines. After the bitcoin mining machines are made, they sell them to the general public at break even price (earn no profit from selling the machines). The machines will be around 100 Gh/s, 1 Th/s, 2 Th/s, ect... They promote their Bitcoin mining pool to the buyers, the buyers mine at their pool. The pool charge 1% for mining.

Here's the example:
1% profit of $1,000,000 in revenue from miners is: $10,000 a month in residual revenue for the pool operator.
1% profit of $10,000,000 in revenue from miners is: $100,000 a month in residual revenue for the pool operator.
1% profit of $100,000,000 in revenue from miners is: $1,000,000 a month in residual revenue for the pool operator.

I hope you enjoy this free gift Smiley

Like this free gift? When you make alot of money then donate a portion to his majesty the King Cuong V Truong's political campaign at:
1JstAsr4QGPjnVYJKN2gEDFP7J8JD9wrvY



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