never wrong to take profits, the reason it went up in price is because the reward pool went up. The reward pool went up because players are gambling more and the house always wins while all the different coins inside the dividend pool (aside from USDT) went up in value. Not sure if mining requirements in the short term have a lot of influence, they mostly reduce inflation over time I would say.
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Interesting, I wonder if the reward pool went up due to the increase in crypto value of the tokens gambled or more gambling activity. Increasing the mining requirements could be a double aged sword, discouraging the small timers from trying to farm BFG and reducing gambling activity.
Does the reward pool include the sports betting as well?
One of the big questions indeed is how much of the betting action is there because of the BFG mining. I think Betfury is solid enough for there to be good action just from the gamblers. I guess once all coins are in circulation they will just use part of the revenue to buy BFG recycling it at rewards. I'm not 100% sure how that will work. Similar to most crypto projects it is mainly tokenomics aimed toward working in the short run with potential problems to solve later down the line.
"Does the reward pool include the sports betting as well?"
Good question, I assume it does but then again last time I checked betting sports doesn't earn any BFG. I'll see if I can look into it
Thanks for checking. I was looking around and everything is fairly vague. Given there are so many online crypto casinos around, there has to be a decent incentive for gamblers to stay with Betfury and I think the BFG mining is one of them.
If sports betting is included in the reward pool, then potentially, the reward payout is sustainable, if not, it is more like playing chicken and see who ends up holding a bag of BFG with no utility....