RE: Mining Pool and data - The Goal for % Market share -16 Nov 2021 10:16
QBT Market Share - What is the short-medium goal for BTC “POOL MINING’ market share? You don’t go to war without a plan - right?
Preparation, Preparation, preparation:
What %share of blocks are QBT seeking to gain through “disruptive” pool mining offering?
Analysing the below list, QBT if successful in itS RnD, would offer a revolutionary hardware product so QBT would aim for 5%-10%-15% of all blocks? Too high, even 10% share of all blocks would take QBT top 5 pool miners. That would have to be the goal.
To attract 5-15% of market share with revolutionary offering.
Some simple reasoning behind this:
1)Mining hardware is specialized computers, created solely for the purpose of mining bitcoins. ‘The more powerful your hardware is–and the more energy efficient–the more profitable it will be to mine bitcoins”. That puts QBT up there - TICK
2)Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the market share of pools is constantly changing. Flexibility to switch - TICK
3)Mining can be very profitable but only if you have the right software, choose the right pool, have the necessary ASIC mining hardware, and can find a great deal on power prices. Getting all of these right is extremely difficult. DOUBLE TICK
4)The more hashing power you contribute to the pool, the more shares you are entitled to.
It’s almost guaranteed. That is exactly what our CEO said in his NOV5th interview: TICK.
This is where QBT will look to lead and aim to take 5% -15% of mining pool share
Even 5% = £bn market cap.
Been researching up on mining pools no doubt..lol
All thoughts, Hardly news worthy, being disruptive, revolutionary and challenging the status quo if you seek only 2% market share...has to be 15%-20% as many will go out of business. As much as 20% will not mine in 3 years from now.
HODL for GODL.
GL/ ATB / DYOR always please.
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