The total hashing power of the Zcash network hasn’t made a big jump (yet). Hopefully, this person has just switched from a different Zcash pool to Flypool.
Looks like that person is starting to drop off now. Most likely their cloud contract is starting to expire. I should really find out how much it would cost to do that much volume for an hour to see if it is profitable.
1 MSol/s per day is around 4000-4300$ a day, so 50 Msol/s for 10 hours would be 80k-85k.
In that time, depending on pools luck, this “entity” could’ve mined 200 ZEC like 500 ZEC. If it was someone renting (i believe it’s not possible such a high quantity) it would’ve been a really crazy gamble. I highly believe it’s some sort of big mining farm that pool/coin hops all day long…
Flypool still under values my Sol/s by 5-7% compared to other pools, despite the 30ms latency. It’s not due to duplicate shares or a miner dev fee either. That said, flypool gets more blocks, so it’s more profitable.
I’m seeing everyone is jumping ship for Bitcoin Gold. Flypool is at 164MH/s and dropping. This is a good thing for those of us mining ZCash. With the price being similar to BTG, I would throw every GPU and even CPUs at it.
I do have to say the number of miners on Flypool has dropped below 40K. I see some pool hoppers drop in every so often, but they don’t seem to stay long. I’m planning on adding 2 more cards to my new rig to up my hash rate. I hoping this trend continues by the time they arrive.
I did mine some BTG but where can I sell it? I just registered with gate.io for BTG trading but there is no BTG deposit possible… Other exchanges the same?
Looks like everyone has seen the light and have come back to ZEC from BTG. Flypool has been blowing up over the last few hours. The big boys are hitting it hard.