Page 1 of 1

Understanding Profitability

Posted: Mon Sep 11, 2017 11:27 am
by smokechaser1985
Hello all,
I'm new to this site. I've been using nicehash for some months and decided to give you guys a try. I have a couple L3+'s. The documentation is not so straightforward in the help section of the site so I'm just going to ask.
1. Can you please help explain the live profitability chart on the main page? On nicehash they just give a daily estimated earnings, then to weeks, etc. How does this compare? How you get a daily payout estimate from these live readings? Is it just the scrypt 4.70 cents X 504 MH/s? so 2368/100. $23 bucks per day estimate or what?
2. why are the BTC's shown as "Automatic" on the '1MH/s expected payouts section'? Why are they significantly more on the BTC value vs the litecoin "LTC" reading? Shouldn't they be paying similar USD values per day.
3. Are there any advantages to this pool vs just using nicehash? What typically has been earning more money per day over the past 6 months for example?
4. How is the reliability of this site?

Thanks!

Re: Understanding Profitability

Posted: Mon Sep 11, 2017 10:51 pm
by hashingpro
1. yes pretty much the expected payouts tell you what you should have gotten the previous day and can use those to compare.
2. Those are the differences between mining LTC and letting the pool auto pick the best coins to mine...i.e. PH in red...LCP in tan. Values are just in .BTC for comparisons.
3. Same concept, mine the best coin, get $ for the hash power, unlike NH you can pick a coin to be paid in, doesnt HAVE to be in BTC.
4.It's currently offline as of 2 hours ago. Lots of updates, working to make it more stable. Have backup pools/failovers.