Farm to Cash First; After Threshold achieved, then farm to coins.

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ToeKnee
Posts: 38
Joined: Fri Apr 16, 2021 10:07 am

Farm to Cash First; After Threshold achieved, then farm to coins.

Post by ToeKnee » Sun Feb 13, 2022 11:44 am

Here's a little feedback for development of an option, hopefully.

Let's suppose that my DAILY bills to run everything in my farm is about $125. This includes electrical, internet, insurance, rent, etc.

As we all know, the price of a coin payout changes minute by minute, so a static threshold percentage value changes too. So if the prices of coins is such that $300 a day is produced, a static 70/30 payout percentage split between Coin %/USD payout would be about $210 worth of coins and $90 as bank transfer. But when crypto goes down, that $300 a day that USE TO BE made lowers and becomes $250 -- and a 70/30 split on the new low of $250 translates to $175 worth of coins and $75 USD bank transfer.

Now monthly debt obligations do not fluctuate in line with coin price. I wish they did!! :D

So, I was thinking something along the lines of logic that would be "Convert 100% of the hash power (at the start of each day) INTO USD until I reach my predefined daily debt obligation threshold of $125 ... AFTER the $125 threshold gets reached in USD, whenever that time is, dedicate the rest of the day sending 100% hash power to the coins listed in payouts."

See what I mean? In this manner, I can be sure that I make my daily requirement of USD that's more or less static month-to-month without having to touch coin percentage payout options in relation to the change of coin prices.
Kaffiend
Posts: 34
Joined: Tue Jul 27, 2021 2:28 pm

Re: Farm to Cash First; After Threshold achieved, then farm to coins.

Post by Kaffiend » Sun Feb 13, 2022 3:12 pm

I was going to contact the prohashing team in a ticket and suggest this same thing but I have not had the chance yet.
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Sarah Manter
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Joined: Fri Aug 13, 2021 11:15 am
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Re: Farm to Cash First; After Threshold achieved, then farm to coins.

Post by Sarah Manter » Wed Feb 16, 2022 7:07 am

ToeKnee wrote: Sun Feb 13, 2022 11:44 am Here's a little feedback for development of an option, hopefully.

Let's suppose that my DAILY bills to run everything in my farm is about $125. This includes electrical, internet, insurance, rent, etc.

As we all know, the price of a coin payout changes minute by minute, so a static threshold percentage value changes too. So if the prices of coins is such that $300 a day is produced, a static 70/30 payout percentage split between Coin %/USD payout would be about $210 worth of coins and $90 as bank transfer. But when crypto goes down, that $300 a day that USE TO BE made lowers and becomes $250 -- and a 70/30 split on the new low of $250 translates to $175 worth of coins and $75 USD bank transfer.

Now monthly debt obligations do not fluctuate in line with coin price. I wish they did!! :D

So, I was thinking something along the lines of logic that would be "Convert 100% of the hash power (at the start of each day) INTO USD until I reach my predefined daily debt obligation threshold of $125 ... AFTER the $125 threshold gets reached in USD, whenever that time is, dedicate the rest of the day sending 100% hash power to the coins listed in payouts."

See what I mean? In this manner, I can be sure that I make my daily requirement of USD that's more or less static month-to-month without having to touch coin percentage payout options in relation to the change of coin prices.
Passed this on to the team.
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Sarah Manter
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Joined: Fri Aug 13, 2021 11:15 am
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Re: Farm to Cash First; After Threshold achieved, then farm to coins.

Post by Sarah Manter » Wed Feb 16, 2022 8:46 am

Steve says this is a great idea, and I've created a ticket for this. We're in the process of redesigning the website, so I can't promise when it will happen, but it's on our to do list.
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