Miner Extractable Value – If it is legal to charge individuals a hashrate equivalent to the 8 decimal system, apply this to Bitcoin’s 14 decimal system.
I have been mining with a Bitcoin cryptocurrency cloud mining company for several months. So every day the miners go in and check everything to make sure it’s still running. I am mining with a hash rate of 1.53 min. It costs about $90 a month but I have now been mining with this particular mining company for 3 months and that is a figure I need to show for all my hard work and dedication to Bitcoin…(0.00006034789567mbtc) for the last 3 months. Sixty million three hundred million forty seven thousand eight hundred ninety five sixty seven hash. But how much is it worth? Because I’m looking at it and I’ve already spent almost $300.00 and it’s only worth about $4.34. But here comes another decimal point in five days. And it makes a big difference. I like to withdraw the bits I have and put them where I can earn an extra 20% to 50% in rewards instead of just sitting around. Where are we? What I’m afraid of is. If I do that…will I lose the gains I gained in decimal places?