Rare Bitcoin - A Look In: Why Is My #Rubi App Mining Only 0.625 Rubi Per Day? Is It Not Too Slow? We have heard a lot of users ask that #Rubi Network should increase their mining frequency to something bigger.
Today we will explain why even at the current baseline of 0.625 Rubi/day, #Rubi Network has the most significant mining frequency out of all other mining applications.
Firstly, let's correct some impressions before we dive deep into the subject matter.
1. The current base rate mining frequency for #Rubi is a halving-decided factor & not an arbitrary number. Each halving event is decided and takes place whenever the network growth breaks a system predetermined value.
During the earliest phase of #Rubi development, miners were able to mine 10 Rubi per day. This amount has since undergone series of halving events reducing down to 5, 2.5, 1.25 and now at 0.625 at the moment.
2. Rate is not fixed purely at 0.625 Rubi/day, however, rate is calculated in such a way to improve upon referral of new miners. In other words, if you share the #Rubi ecosystem opportunity to others who joined the network through your mining/referral links, the system rewards that activity by a corresponding increase in your mining frequency.
This simply means that although base rate mining is currently at 0.625/day for halving default, it is not so in practice because so many users mine at different rates due to their more active referral contribution to the network and a concomitant reward of increasing mining rate.
For example, some mine at 0.625/day, others at 5/day, 25/day, 1/day etc. according to varied referral strengths.
3. To limit influencer dominance mining rate, the highest number of referrals to be made by a miner is 1000. Having created a common premise so far for your understanding, let's quickly dive in to why even at the base rate mining of 0.625/day, #Rubi Network still stands as one of the networks with the most significant mining frequency.
To make this scenario relatable and more understandable without any undue sense of comparison, let's use Pi Network, another mining network that successfully implemented their mainnet as a case scenario.
At Pi Network open mainnet, we learned that the total unlock Pi coin was at 95.33 billion Pi.At that same very point, the total unlock Rubi coin remained at 18.1 million Rubi, with base mining rate of 0.625. To have a clear understanding of the rate of mining of these two important systems, let's do a small mathematics to judge if the current default rate of 0.625/day mining is too small or something great.
Rubi mining efficiency ÷ Rubi unlock supply = ?Pi efficiency/pi unlock supply
This simply translates to:
0.625/18.1 million = ?Pi/95.33 billion
This gives us:
?Pi (base mining) = 0.625X95.33 billion/18.1 million
This puts the supposed base mining rate of Pi at: 3291.78 pi/day as what the base mining of pi should have been if to equate that of Rubi.
Result: Considering the correlation of unlock volume position of each network, the mining speed of 0.625 RBL / day on Rubi Network will be equivalent to the mining speed of 3291.7 pi / day for pi network.
So although the number 0.625 is a small number, in this case it has the same position as the number 3291.78, a fairly large number for the Pi network, if you know that even at the beginning of the pi network, pi miners only earned about 75pi / day instead of 3291.78 pi.
So going by these figures, it is sufficiently clear to say that the current mining efficiency of 0.625 of Rubi is a very good efficiency, so Rubimily miners should take advantage of the golden time with this high efficiency.
We hope that this post has opened your eyes into the true position of the mining efficiency of Rubi Network and answered your questions while clarifying that the current base mining rate of Rubi is indeed efficient and great. Keep Mining Continue
*Disclaimer:This content aims to enrich readers’ information. Rare Bitcoin collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader. Thank You - Rare Bitcoin Team -