Koinos KOIN Mining, First Proof Submitted, First KOIN Received

in LeoFinance13 days ago (edited)

The KOIN mining is on and here is my first proof:

Go join the fun with mining and also join the Discord party going on :)

IMPORTANT

Change the Ethereum endpoint to

http://mining.koinos.io/


I started mining at 19:20 local time and The trick to get the first proof at 21:08 was to change the reporting frequency from default 4 to 48 - every half an hour.

The first transaction fee was 0.0078 ETH or $2.95.

It is said that from now on the fees will be in a range of 0.0065 ETH per proof submitted.

We'll see about that in the morning since I changed the reporting frequency back to 4.

Good luck, everybody!


More about Koinos platform & KOIN mining

11.10.2020 - Koinos platform Announcement & KOIN Miner Setup - Mining Start On October 13th 2020


Better and better

Posted Using LeoFinance Beta

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Your current Rank (49) in the battle Arena of Holybread has granted you an Upvote of 10%

Is it you or in this panel there is a lot of variety, I see so many challenges, I am even in the 30 days of gratitude challenge, also different ways to increase profits, conclusion what is needed is time.

You can be active on Hive in many different ways :)

Did you start playing games too? Holy Bread, Cryptobrewmaster and Rising STar Game are what I play.

I started mining at 19:20 local time and The trick to get the first proof at 21:08 was to change the reporting frequency from default 4 to 48 - every half an hour.

Trying to wrap my head around this but if you would leave the rep frequency at 48 it would cost you 48 times 2.95 ( or slightly less ) in fees per day?

Posted Using LeoFinance Beta

Yes, exactly. The joys of Ethereum :)

One of the main reasons why I just can't become a fan boy, no matter how versatile the ethereum blockchain is. As I'm not a millionaire yet, I decided to just follow this project from the sidelines with a bag of virtual popcorn in my hands. Enjoy the ride!✨

Thanks. For now, the fees are bearable.

Three POWs so far with the following fees:

$2.95
$1.08
$4.00

The first and third are initial fees from two separate miners. I hope that from now onward the fees will be lower.

Happy mining mate! Saw you were one of the first to get your mine on in the Discord! Load up! You going to be mining for the whole 6 months?

I just started. Let's see how it goes :)

Good luck!

 13 days ago Reveal Comment