Hi everyone, I'm new here and to mining in general. I'm looking to use nicehash to mine on prohashing and ran a small test yesterday and made 20% profit but before I run a larger test, I'm trying to understand the variables better.
I understand that the live profitability value is average per share value, but is there a way to calculate the average shares per MH/s? I want to use the profitability value to determine if I should buy hashing power from nicehash.
Thanks!
How to use the live profitability value?
Forum rules
Welcome to the System Support forum! Encounter a problem related to the pool? Post your issue here and we will help you out.
Keep in mind that the forums are monitored by PROHASHING less closely than the official support channels, so if you have a pressing issue, please submit an official support ticket so that our Support Analyst can look into your issue in a timely manner.
We cannot answer financial questions related to your account on a public forum, so those questions should always be submitted through the orange Support button on prohashing.com/about.
For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
Welcome to the System Support forum! Encounter a problem related to the pool? Post your issue here and we will help you out.
Keep in mind that the forums are monitored by PROHASHING less closely than the official support channels, so if you have a pressing issue, please submit an official support ticket so that our Support Analyst can look into your issue in a timely manner.
We cannot answer financial questions related to your account on a public forum, so those questions should always be submitted through the orange Support button on prohashing.com/about.
For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
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GregoryGHarding
- Posts: 646
- Joined: Sun Apr 16, 2017 3:01 pm
Re: How to use the live profitability value?
the stats are per 1mh/s
Re: How to use the live profitability value?
Awesome, thanks for the quick reply.
Re: How to use the live profitability value?
d2391 wrote:Hi everyone, I'm new here and to mining in general. I'm looking to use nicehash to mine on prohashing and ran a small test yesterday and made 20% profit but before I run a larger test, I'm trying to understand the variables better.
I understand that the live profitability value is average per share value, but is there a way to calculate the average shares per MH/s? I want to use the profitability value to determine if I should buy hashing power from nicehash.
Thanks!
I am also new to mining and general
Can you give a tutorial on how to setup the nicehash/prohashing? X11 or scrypt?
I'm guessing you are buying hash power or "renting the rig" on nicehash and pointing it to the prohashing pool.
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rafaeldelrey
- Posts: 1
- Joined: Sun Jun 11, 2017 11:16 pm
Re: How to use the live profitability value?
Profitability stats changes a lot, at least in my tests. Scrypt profitability may go from 0.028 up to 0.10 sometimes. I am trying to use a moving average, but I end up with orders with prices a lot higher than the profitability (when the later decreases suddenly and my NiceHashBot had the price higher trying to keep the hashrate). How do you handle that? Do you cancel and re-create the order when you know Nicehash wont let you decrease price the ammount you wish? does creating new orders costs anything?