RollerCoin: Does the latest "Weekly Rewards Update" affect what I should mine? (No)


NOTICE:

The data in this article has been inaccurately represented due to a human reference error.

The actual rate for MATIC at this time was 0.000562, and I should have been mining RLT.

Please see the Correction Notice for more details.


Today the RollerCoin socials have posted a new weekly rewards update to describe the week's boosted mining rates and promote bandwagon-jumping. Since you're here because you're interested in this, here are the number adjustments (this week's bonuses in bold):

  • RLT: 30 --> 40
  • BTC: 0.0003 --> 0.000345
  • ETH: 0.006 --> 0.005
  • BNB: 0.012 --> 0.021
  • MATIC: 5 --> 3
  • DOGE: 60 --> 20
  • SOL: 0.05 --> 0.06

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How Bonuses Affect the Network

Historically, when only one coin or token was bonused at a time, a large percentage of the network's total power (25%-40%) would shift to mining that currency. This effectively negated any bonus benefits, as I've mentioned in previous articles. In short, splitting 100 of something between 1000 people is not going to give everyone a larger share than splitting 50 of it between 100 people. This is simple math. 100/1000 is 10%, and 50/100 is 50%.

More recently, they've been bonusing multiple coins at once. This is nice, as it distributes the shift between a few pathways and reduces the bandwagon effect. As you can see from the list of changes above, it also means you don't have to wait very long for your favorite coin to be bonused. This week they are increasing every currency they didn't increase last week. Going forward, I expect each week's bonus to come from a combination of a) this alternating pattern, and b) whatever is cheaper on the IRL market at the time.

So, Does This Week's Shift Change What I Should Mine?

In the title of this article I said "no," and while this choice is obviously personal my opinion is definitely more along the lines of NO NO NO NO.

Why not?

Because the most profitable thing to mine is MATIC, and this shift hasn't change that fact:

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Find the logic behind this chart in this article.

(Actually, it has made mining MATIC even more profitable.)

If you'd like to keep track of these numbers for yourself, or plug in your actual hashrate to see what you personally would benefit from mining each coin, the following link will make a copy (in your Google Drive) of the Google Sheets spreadsheet I use:

The second tab includes a Season 4 Rewards Schedule so you can track & project your progress through this event.

Why Would You Mine Anything Else?

To me, there is no reason to mine anything other than MATIC. I'm a complete MATIC fangirl, and I'm currently on the path of mining for the purpose of converting into RLT so I can buy miners and loot crates for boosting my mining power. The end goal is to be able to really benefit, and pull coins out to my non-custodial wallets for actual use, but I'm not satisfied with my earning rate at present, so I'll keep grinding.

For this purpose, I want the absolute most I can get from my small amount of power.

I do recognize, however, that this may not be the case for everyone. So here are a few of the reasons I can think of that you might want to mine something other than MATIC:

  • You have other coins/tokens in an amount that is smaller than a 1RLT conversion.
    • Wait to mine your token until it is at least close to comparable to MATIC's rate...
  • You have plenty of miners and are currently withdrawing your favorite token.
    • Cool for you.
  • You don't like being efficient.
    • You're probably mining DOGE.

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If you’re not already getting paid in crypto for your casual gaming habits, you can grab a quick thousand sats by using my link to join RollerCoin. Adopt your own Mr. Goxx (R.I.P.) and get that wheel rolling! 

If you’d rather not play games with your crypto, check out some of my other favorites and faucets.

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Silfra
Silfra

“What happens in crypto stays in crypto.”


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