pull down to refresh
162 sats \ 5 replies \ @WeAreAllSatoshi 18 Mar \ on: So you want to mine but can't because xyz? bitcoin
Definitely an interesting proposition. I wonder how mining profits are split 50/50, since you are allowed to point to any mining pool you like?
As far as I know, hosting sites charge an installation fee 1x, and then make money on electricity cost arbitrage.
If they get 5c, they give you 7c per kilowatt-hour
reply
Yea I guess I meant more of how the mining rewards are split. Electricity cost arbitrage explains a source of profit for sure.
reply
As far as I know, you get 100% of your hashrate towards the mining pool of your choice. I'll be using Lincoin because they utilize pay to paynyms
reply
This is what I was referring to:
After power is paid at 5.95 cents per kWh we split the profit 50/50. 1
Footnotes
reply
No so they have two payment models. I think the profit sharing is a bear market strategy. But in normal times I think you just pay a flat electricity rate
reply