Research Update: Post $QUIL 1.4.18 Reward Update
After the $QUIL post 1.4.18 reward update and the information circulating online, I decided to update my research and analysis. The rewards/emission data cover a period of 2 weeks. Here are my findings that might help you find the best strategy for your case.
As I cannot add more than one picture here, find all graphs in the tweeter thread, below I’ve inserted several times the same graph.
FULL TWEET
Key Figures Overview:
• Total Number of Peer IDs: 181,101
• Total Rewards Distributed: 48,565,716.54 units
• Min Reward: 0.000001
• Median: 148.31
• Max Reward: 14,562.12
Note where the median lies, and let’s dive into the details.
The histogram shows that most rewards are concentrated in the lower range, with a right-skewed distribution indicating a few very high rewards compared to many smaller ones.
The pie chart illustrates the proportion of rewards within different ranges:
• 0 to 50
• 50 to 100
• 100 to 200
• 200 to 500
• 500 to 1000
• 1000 to the maximum reward
This visualization confirms that the majority of rewards are relatively small (below 500).
Percentage Distribution of Peers Based on Their Rewards:
• Peers who made less than 1000 rewards: 96.09%
• Peers who made 1000 or more rewards: 3.91%
This indicates that a vast majority of peers received less than 1000 rewards.
• Peers who made less than 500 rewards: 84.99%
• Peers who made 500 or more rewards: 15.01%
This disparity indicates that the reward distribution is heavily skewed towards the lower end, with relatively few peers receiving higher rewards.
The cumulative reward distribution chart shows the cumulative percentage of rewards among the cumulative percentage of peers. It indicates that 80% of the peers receive around 37.95% of the rewards, while the last 20% of peers receive around 62.05% of the rewards.
The scatter plot represents the distribution of rewards among peers, with each point representing a peer sorted by their reward.
This chart highlights the significant variation in rewards across different peers.
The chart for the top 20% of peers shows how the cumulative percentage of rewards is distributed among these peers. This chart highlights the inequality in reward distribution even within the top segment, where the top peers accumulate rewards at a higher rate.
The analysis reveals significant disparities in the distribution of rewards among peers.
Is This Distribution Fair Compared to the Previous Reward Distribution?
While the previous distribution seemed to omit certain parameters, this updated version appears to consider your specifications more thoroughly. However, with the limited data available, it’s challenging to accurately determine the best-performing machine.
Processor speed (GHz) and the number of cores are crucial in the Proof of Mining Full Work (PoMW) as informed by @cassie, @petejcrypto and reported by community.
From all the charts, we can deduce that most machines/servers have low processor speeds and a low number of cores, with only a small portion having high specifications.
Breaking Even with QUIL Mining:
To break even with a server costing $500 per month, you would need to generate (June 17, 2024):
• 1250 QUIL within the 2 weeks period covered by the updated data.
• 4,784 peers earn more than 1250 QUIL within the 2 weeks period covered by the updated data.
There might be only 4,784 peers out of the 181,101 peers that are seriously competing to earn these rewards, as they are the ones earning more than 1250 QUIL within the 2-week period covered by the updated data.
Price discussion are forbidden, more information to be found in the twitter thread
Should You Continue Mining QUIL?
Deciding whether to continue mining QUIL depends on several factors:
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Cost of Operation: If your operational costs, such as server costs, are high, you need to ensure that your mining rewards exceed these costs. At the current QUIL price of 0.2 cents per QUIL, you need to generate at least 1250 QUIL within two weeks to break even.
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Competitive Edge: With only 4,784 peers earning more than 1250 QUIL out of 181,101 peers, there is significant competition. This means only a small percentage of miners are likely profitable.
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Mining Efficiency: Evaluate the efficiency of your mining setup. If your processor speed and number of cores are on the lower end, it might be challenging to compete with those having high-spec machines.
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Market Trends: Price discussion are forbidden, more information to be found in the twitter thread
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Alternative Options: Consider if there are more profitable or efficient ways to use your resources, such as improving your mining hardware, or other.
Based on the analysis:
• If you are among the 4,784 peers earning more than 1250 QUIL in two weeks, it might be worthwhile to continue mining.
• If your earnings are significantly below 1250 QUIL, you might want to reconsider your mining strategy or explore other opportunities.
Ultimately, the decision should be based on your individual circumstances, costs, and potential earnings.
If you have more variables, I can analyze which machine configuration is most profitable.
Source: /rewards/post-1.4.18.json
Feel free to share the data for deeper insights.