Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: lummujaj on December 12, 2016, 10:03:49 AM



Title: hi , new miner , newbie , need some help
Post by: lummujaj on December 12, 2016, 10:03:49 AM
I ive 7x 480 sapphire , and im mining zcash with claymore v9.1 .  im mining direct to my poloniex account , from calculator i was suppose to get around 8.4$ (1550 sol/s aprox) in 24h , but when i sum all the transactions in poloniex  i didnt get more than 7.12$ ,,,

what im doing wrong ?



Title: Re: hi , new miner , newbie , need some help
Post by: Eyedol-X on December 12, 2016, 10:57:05 AM
I ive 7x 480 sapphire , and im mining zcash with claymore v9.1 .  im mining direct to my poloniex account , from calculator i was suppose to get around 8.4$ (1550 sol/s aprox) in 24h , but when i sum all the transactions in poloniex  i didnt get more than 7.12$ ,,,

what im doing wrong ?



Forgot to calculate pool and or miner fee's and/or your calculator is wrong because of difficulty or price.

mining calculators are a guide in many cases, not a science.


Title: Re: hi , new miner , newbie , need some help
Post by: NeuroticFish on December 12, 2016, 11:10:46 AM
If you mine zcash, the closest you can get if you calculate the result in zcash.

The pool luck, some fluctuations in mining, the pool fee can already make a difference.
Then if you calculate something and meanwhile the price you can sell zcash for Bitcoin differs, you have another difference.
Then the price you can sell Bitcoin for Dollars changes too.
Or maybe the calculators give you average prices, not the sell price...

Too many factors that can result in quite a difference between what you expect and what you get. As it was said, it's far from rocket science.


Title: Re: hi , new miner , newbie , need some help
Post by: chronek on December 12, 2016, 11:46:27 AM
That is the life...

Miner show you hashrate, on pool you have lower hashrate, from shares it come even lower payouts... And you have to pay for miner dev (2%), for using pool (1%), for withdraw from pool (0-1%), for transactions on market when changing to btc (0.5%), for withdraw from market (1%) to second market, for changing to your country value (2%), for withdraw from market (0-5%), for taxes (18-32%), for vat (23%), for electricity (30%).... Usual you have to pay about 80% of mined value... and prices of coin going down and is quick unprofitable, because mining farm have cheaper electricity, better miner, avoid taxes and just dumping coin on market... because everyone is greedy, and you asking... because you are greedy too