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Re: shanghai_steve post# 27597

Friday, 07/25/2014 8:19:14 PM

Friday, July 25, 2014 8:19:14 PM

Post# of 57991
You are confused at how bitcoin mining works...

They are mining BTC in GHash and BTC Guild's pool being paid out on every found block in their pools proportionately to their hashing power, which having the Ph/s that those pools have they are spewing out blocks. (Sneak peak of MELY =D)

Having 100 Th/s in their own pool yields a block find approx. every 8 days 14 hours at current difficulty, which varies depending on luck.

On the other hand having 200 Th/s seems for feasible with finding a block cutting that time in half to 4 days 7 hours.

I would say they are waiting for their other 100 servers to arrive to have a bigger pool which will in turn give them more exposure and likelihood of other miners joining their pool.

$MELY

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