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janfiedler / mineiota

IOTA Faucet - Get IOTA through mining Monero and PIVX staking pool
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the amount of iota drops over time #74

Closed PACOak closed 6 years ago

PACOak commented 6 years ago

i had just under 500k in iota about 3 weeks ago on this site. i now have 300k without withdrawing. i have seen this happen about 5 times now. is it the value of iota vs monero, or are you guys stealing from me?

janfiedler commented 6 years ago

Hi, it is because price swings. You have still same amount in usd. It is because price of iota rase from 0.42 usd to 0.7 usd. And monero price dosent go up to much. You can do own math to confirm it.

PACOak commented 6 years ago

so, i should withdraw more often so this does not happen as bad? or wait for the price to drop before withdraw?

janfiedler commented 6 years ago

Yes make more often withdraw give you fair average price. Nobody know when price goes down and up. Because iota dosent have fees, you can make withrawals manytimes as you want. I thinking about make function with automatic withdraw when you reach specific amount? How it is sounds to you?

PACOak commented 6 years ago

sounds nice, but wouldn't you have to store extra addresses on the site - 1 for each withdraw?

PACOak commented 6 years ago

too bad you can't generate a pack of addresses

PACOak commented 6 years ago

but thanks for the ridiculously fast response

janfiedler commented 6 years ago

exactly, i cant. This is why i cant do automatic withdrawal for all. I dont know who keep address or resend iota and starting with new address. But I can make personal automatic withdraw and posibility set new list of address what use for next mining round. Maybe this solution can help.

I thank you for your message. I am try to be transparent as possible. I am trying make playground for all with iota and other crypto.

PACOak commented 6 years ago

yes, people are the problem, can't really rely on them, will always be issues, lol also, would i mine more when the price is down than when it's up?

janfiedler commented 6 years ago

You mine monero, I keep it until you hit withdraw. Than your monero is exchanged to btc and than to iota. So you get more iota when price of monero go up and iota down compare to usd or btc.

PACOak commented 6 years ago

ah, perfect. thanks

janfiedler commented 6 years ago

So, you inspire me to make it more cleare. image Now you will see your balance of moner hashes, it is fixed amount what you mined. Changing value of iota by actual reward rate is more highlighted . I hope this will help others users make it more understandable.

PACOak commented 6 years ago

awesome