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RE: Koinos KOIN Mining, First Proof Submitted, First KOIN Received

in LeoFinance3 years ago

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?

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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.