"There have been days that F2Pool has misplaced 100 BTC when it comes to having to pay miners with out mining blocks themselves, however over a pro
“There have been days that F2Pool has misplaced 100 BTC when it comes to having to pay miners with out mining blocks themselves, however over a protracted time period and with a major quantity of community hashrate these ups and downs even out,” mentioned Thomas Heller, the mining pool’s international enterprise director.
F2Pool is the most important bitcoin mining pool on the earth, controlling 20% of the collective computational power, additionally known as hashrate, on the Bitcoin community. On the fifth and remaining episode of Bitcoin Halving 2020: Miner Views, Heller discusses the financial incentives driving cryptocurrency mining and mining pool operations.
Although miner income has decreased sharply over the past two years from round $0.60 per terahash to $0.10, Heller defined that bitcoin mining continues to be worthwhile because of the launch of extra environment friendly {hardware} and the invention of cheaper sources of electrical energy. Constructive motion in bitcoin’s value can also be a significant component, albeit a frustratingly unpredictable one.
Heller, who operates a slew of his personal mining machines, mentioned that with out “important value motion” over the following two weeks main as much as Bitcoin’s mining reward discount, additionally known as the halving, each he and different miners would haven’t any alternative however to show off “older machines.”
For extra details about the halving occasion, obtain the free CoinDesk Analysis explainer report, which options over 30 completely different charts and extra commentary from bitcoin mining trade specialists.