I am conducting a test on cryptocurrency mining, the goal is to see if it is worth the effort, and I discovered something interesting: payout minimums tend to be .001 BTC, which is currently worth ~$26. One AntMiner s9 being run over the past day and a half generated 0.00001425 BTC on one pool, 0.00000298 BTC on another pool, and 89.63352796 DOGE on a third pool. This is just one machine, so the results would multiply by the number of machines. An attempt to solo mine DigiByte coin has resulted in nothing; I would have to be running several machines to raise the possibility, and the payout would be roughly $13 USD for one block.
Given the rate of earnings and the payout minimums (one pool requires .05 BTC / .01 BCH) it would make more sense to take earnings in DOGE to enable miners to reap rewards quickly.
DOGE has been trading for roughly .004-.0045 USD recently, so each one clearly adds up, especially when traded on exchanges. My personal gain this past year has been ~50%.
It’s just an opinion, but I hope that sowing this seed of thought produces a demand for change.
December 29, 2020