its already dead its just a case of miners noticing how much money they're losing

Reply to this note

Please Login to reply.

Discussion

How do we make them notice?

As more hashers migrate to pools like Ocean the FPPS model likely breaks down.

In order to smooth out fee payments the pool needs to retain a stack of bitcoin to pay out during the unlucky periods. As the pool starts to lose market share that stack quickly dwindles and the payout becomes unsustainable. At least in theory.

If a fiat money printer is backing the pool then hypothetically they could buy the coins on the open market and keep the scheme running indefinitely.

What's the best way to determine how much a miner is loosing without switching pools? What calc would you do?

you have to mine with FPPS pools to be able to make any comparison as they don't publish any data. ocean it's not required as we make everything public.