lets see how long they do it. a day is meh but a few weeks add up to a good amount of coins.
Actually even two weeks is not enough, the entire pool's hashrate is what 2%? so variance is massive, if they spend a100 btc they may make 101 btc or 95 btc, impossible to tell, but we know for certain if measured against infinity its going to be 100 btc - nicehash fees - pool fees, and we also know hashpower cost on nicehash is more expensive than what the miner can make mining to a pool because people buy it to gamble solo blocks and do altcoins mining or attacks, otherwise the actual owner of those miners would just point their gears to ocean pool.
so a long story short, we know for certain that person is losing money, what we can't tell for certain is "why".
This tells us what hashrate has been rented, or how much money has been spent, but does not really tell us the motives of the person renting this hashrate. It could be a test. It could be an attempt to show something about OCEAN’s payouts. It could be an attempt to change people's perceptions of OCEAN. None of these explanations is confirmed and it is all speculation at this point.
If the long term expected return is negative then they must have a reason, unless they calculated the costs wrong of course.
أعتقد أن مساعدة mikeywith في هذا الأمر ستكون أفضل بكثير.
The power is real, not fake, so that part is legit.
of course it is, it reflects on the number of blocks they found, i am not questioning that part.
It is just unclear whether it is coming from real users or someone renting the power to create the perception that support for OCEAN is growing. That could be a false perception, but the power itself is legit.
I do not think the worker name will necessarily reveal who is behind it or their intentions, but it might give a clue.
We know it comes from a single address so it's certainly coming from a single purchase, I can't think of any reason why would someone rent power from nicehash only to receive less btc in the end, unless that person is trying to test or fake something like the comment above has explained.
lets see how long they do it. a day is meh but a few weeks add up to a good amount of coins.
Ocean's hashrate has almost doubled in the past 2 days, from an average of 20EH to 38EH, guess how did that happen? I looked at their top addresses and found one intersting addy
bc1qzk8vs4p3skr75nskpqyh4f9l0z3hmqd2u4tvpu
Interestingly enough, this address has nearly 50% of the entire pool's hashrate, it oddly only has a single user for it's entire 18EH, and the worker name is (Bought_with_BTC) which can be looked up here
https://ocean.xyz/stats/bc1qzk8vs4p3skr75nskpqyh4f9l0z3hmqd2u4tvpu.Bought_with_BTCNow the funny thing is that this exact user (Bought_with_BTC) is the default worker name of Nicehash easymining, so it is without a doubt bought with BTC, or otherwise I don't know why would they would fake it.
If I had to guess, the fools behind the pool who happen to be rich are pouring money to make the pool look great, finding blocks and all, because they fail in acquiring real large miners with real mining infrastructure and real mining gears, and honestly, if you you access to a few thousands of
BTC you can play this game for a very long time, whichever
BTC you pour into Nicehash will come back – fees, but you are already collecting fees from the other miners, so you may end up at break even just to prove a point.
The self proclaimed plebs, aka Luke's fanbase, used to rent hashrate to promote their fork signalling before the algo change fork Luke made.
I doubt it's them now because there's no reason they'd be supporting Ocean after Luke's departure, on bad terms if that matters.
It might have to do with some "statistics" that Ocean released while Luke was still the head of operations, which said that the pool's algo is more efficient at rewarding miners when compared to other pools. That was an indirect accusation of bigger pools using PLNS and any non DATUM mining method that also wasn't controlled by Luke in a shady way to swoop funds away from miners that are hashing towards their servers. So someone might be trying to test the hypothesis, an expensive way to do that for sure though.
Ocean's hashrate has almost doubled in the past 2 days, from an average of 20EH to 38EH, guess how did that happen?
However hashrate rented through NiceHash is added to the total hashrate of the mining pool. The power is real, not fake, so that part is legit. It is just unclear whether it is coming from real users or someone renting the power to create the perception that support for OCEAN is growing. That could be a false perception, but the power itself is legit.
I do not think the worker name will necessarily reveal who is behind it or their intentions, but it might give a clue.
however, say what you want about Vod, to me, he was one of the best members the forum ever had, I was so sad to see him change in the recent years.
Thank you mikey. For the longest time,
I rejected that I had changed. I had a goal and was working towards it.
Then I started doing some research and discovered
I have a type of PTSD, specifically PPPD. My personality has never changed, but the constant stress has made me much more anxious, which bled through to impulsive actions. It all makes sense to me now - every ailment I have that is being independently treated could all be cured at once. Forum metaphor: I kept replacing my moderators until I realized my admin was broken.
I'm still the same person, my body just needs to
literally calm down a bit. It gets easier every day right now, but most of that is hope - real progress could take a couple years.
Congratulations on your realization.
however, say what you want about Vod, to me, he was one of the best members the forum ever had, I was so sad to see him change in the recent years.
Thank you mikey. For the longest time,
I rejected that I had changed. I had a goal and was working towards it.
Then I started doing some research and discovered
I have a type of PTSD, specifically PPPD. My personality has never changed, but the constant stress has made me much more anxious, which bled through to impulsive actions. It all makes sense to me now - every ailment I have that is being independently treated could all be cured at once. Forum metaphor: I kept replacing my moderators until I realized my admin was broken.
I'm still the same person, my body just needs to
literally calm down a bit. It gets easier every day right now, but most of that is hope - real progress could take a couple years.