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RE: KOIN Mining: Frequently Asked Questions

in Koinos4 years ago

Hey, I think you overcomplicated this whole thing with the frequency approach.

If this is true:

Your computer is solving hundreds of thousands (or millions) of “losing” hashes every second that it is throwing in the trash, just as you would a losing lottery ticket. It is not saving those hashes, it is searching for one “winning” hash and when it finds that hash it immediately submits a proof to the Ethereum network.

Then your miner software is not a miner.

It's a slot machine!

And the process is not mining (accumulating proof over time) but plain and simple

Gambling

Am I right? I thing I am.

So, what frequency gives you the 50/50 chance?

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It's a interesting point you're raised here.

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I hope we'll get an answer :)

As it is evolving, the project has already completely lost credibility... have you read on the discord channel?

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