Looking into it, not feeling as confident in ERG https://woolypooly.com/en/coin/erg as I feel in CFX as far as future potential practical use
Also, unless I could hodl ERG for years as it will be deflationary af, selling it in month or two would only result in me regretting such decision because again, deflationary AF, while I think CFX won't have that much of deflationary potential, tho, please someone correct me, there is some CFX burn planned ahead?
And oh yeah, pool went from ~60GH/s to almost ~200GH/s and now it's only ~140GH/s with seemingly same amount of miners? Very weird...
Ergo has a supply cap, one that will be reached in about 5-6 years. AFAIK Conflux doesn't (which is why you asked about the burn I assume, they'd absolutely would need that if there isn't a supply cap)
But ignoring that part they both share vary similar principals and goals. DeFi the world... :P. For mining, even though CFX mining https://woolypooly.com/en/coin/cfx is more profitable for myself, it requires a lot more power and generates a lot more heat because of it. That is a reason I personally mine Ergo instead of Conflux.
Side question. Do you know what the whole thing of someone basically always jumping in and out of the CFX network is. Is that some giant ass farm or is it something else going on.
For my side question, go look at hero miners page. You'll see the network graph and difficulty graph going up for 1-1.5 hours then back down for like 30-45 minutes
That’s most likely someone renting Nicehash power. They’ll pay for a crap ton of hashrate from Nicehash for a limited period (1 hr or 1.5 hr), point it to a mining pool, then when their time runs out, that hashrate disappears from the pool.
I might be mistaken with my memory but when I used to use nicehash, I swear it would only show CFX as much profitable during the dips
Other reason why I didn't go to nicehash for my reasoning, is if you view CFX on Mining Pool Stats, Beepool always seems to show connection/api issues. This could be completely unrelated though
Maybe so...mining to nicehash (selling hashpower) is a sure thing, but renting hashpower from Nicehash is a totally different game all together. It’s more of a gamble. Someone’s probably renting CFX hashpower at a fixed price during a CFX dip, pointing it at hero miners, and betting that over the duration of their rental time the CFX mining profitability will rise. — i.e. betting that they will mine more than they spent to rent the hashpower. You can make big money doing that, or you can lose big too. — A lot of the big spikes and dips you see in pools are from people rolling the dice with Nicehash power for a short period of time.
What I meant with my question was whether anyone know of supposed planed burn like they actually plan on burning up to certain amount or sth IDK.
CFX to me as a whole looks a lot more flexible when it comes to IRL potential, believe, I do have a hate boner for CCP but the team seems to be poised to get the approval of party officials and consider recent policies when it comes to crypto in China if the team behind CFX play their cards right they might actually be a bridge between chineese and global cryptomarkets.