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RE: Koin Mining Difficultly Increasing Exponentially.

in #leofinance4 years ago

Looks like you're having great success so far. I can't tell if you're lucky or not, but it does seem like you have a good approach. The "gather round" you mention sounds like a very good idea. I haven't started to mine Koin as of yet, I haven't had time to really look into this whole thing so far, but the fact that you can reduce the load of your CPUs, and still use your machine while mining sounds great.

Do you think it's wise to set everything up and start to mine in the coming days, for someone "small" so to speak, or do you think it would be a waste of money?

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Even if HASH competition goes up x4 it will still be worth it to mine on 4 year old PCs. We might have to solve harder problems to avoid gas fees but it is still totally worth it. The 'only' overhead cost is the $2 gas fee, which is way higher than the energy costs. This can be reduced by targeting a once/twice per week reward.

I have an i7-6700K. I use it for whatever things I do, but I could certainly have it idling for days, just to mine Koin. I guess I have to look into this a bit more. It sounds tempting.

Posted Using LeoFinance Beta

I think "idling" is not a good descriptor for "running at 100%" :D

Haha, perhaps I should've used another word for it.. :D

Posted Using LeoFinance Beta

also I've been EXTREMELY lucky so far. I should hit a dryspell soon.