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    Author Topic: WinMiner v1.126a - auto switch windows app for multi miner optimization  (Read 101674 times)
    TeamWinMiner (OP)
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    July 10, 2017, 04:57:08 PM
     #21

    @TeamWinMiner Please clarify the fees involved using your product and add fees to your initial announcement post please. Besides, when we use BTC option, how does mined coins exchanged? Are they sold using ask price? Or any queue available to sell it while it reaches maximum for a certain waiting period?

    Assuming we mine Hush because miner thinks it is the best coin, but it can be pump-dump coin and when hitting exchange it could be sold while its price is not that high.

    What do you think about this?

    Thank you for raising the economic question Smiley

    The fee is the easiest part, and it will be updated shortly on the announcement post, as you have requested (WinMiner charges 3%, other fees e.g. miner fees exchange fees payment method fees, if exist , are not included)

    Now to the more complex question regarding exchange rates and volatile coins -

    The idea behind WinMiner is to max profit for our users and make it super accessible and easy to all. To address the accessibility cause we chose US Dollar as the base currency of WinMiner as this appeals to everyone. That means that the profit rate as well as the balance are shown and held in US Dollars. This way users get visibility and stability to their profits and the coin price speculation part is eliminated. Users will get paid their balance amount even if the price of the coins they mined collapsed. The flip side is also true, so if the coin price goes up their balance is not linked to the coins and will remain the same (just to clear, in the latter case we do not enjoy the price appreciation of the coins either ? there is no conflict of interests between WinMiner and its users ? our interests are always aligned).

    Having said that, we are working on adding the capability of changing the balance currency to each users preference this way the balance will be shown in the currencies of choice and the user will be fully exposed to the fluctuations of that currency.

    Volatility of coins ? since the balance is held in US Dollars coins get converted to USD continuously so price fluctuations is mitigated. Further, since the dynamic mining algorithm continuously shifts to the most profitable coin, a coin with high volatility and low volume that results in low sale price will immediately lose its attractiveness and hash power will be redirected elsewhere.

    Hope this clarifies Smiley

    One last request from everyone ? we will address all your questions appreciate all your comments and critic ? but at the same time if we are doing something good or if you like what we do then please share that with us as well ? this is the staff that gets us going Smiley
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