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Title: Ergo mining question Post by: FirmWars on March 02, 2022, 12:32:32 PM Why do ergo coin have higher hashrate over other coins but less profits from mining the coin?
Title: Re: Ergo mining question Post by: S3300 on March 02, 2022, 12:37:26 PM Hashrate number doesn't determine how much profit you will get when comparing to other coins because algorithms are of different type, they aren't the same, ergo has high hashrate number over ETH hashrate number but ETH is more profitable to mine than Ergo it's a normal thing.
Title: Re: Ergo mining question Post by: sxemini on March 02, 2022, 12:39:47 PM Why do ergo coin have higher hashrate over other coins but less profits from mining the coin? Different algos - different mining speeds - different block rewards for different coins - different difficulty All is different for different coins. Title: Re: Ergo mining question Post by: VRExpress on March 02, 2022, 12:43:17 PM Ergo use autolykos algorithm and ETH use Ethash algorithm, the numbers of the hashing speed can never be the same, one will be higher than the other that's for sure and this doesn't mean the higher one will be more profitable to mine than the other.
Title: Re: Ergo mining question Post by: bitcoin-shark on March 03, 2022, 10:49:17 AM you never have to make comparisons between two different algorithms the performances, the characteristics are different to get an idea you have to compare the gain in the same period of time
Title: Re: Ergo mining question Post by: FP91G on March 03, 2022, 01:15:30 PM Why do ergo coin have higher hashrate over other coins but less profits from mining the coin? For miners, the current profit is important, so the hashrate will be distributed among the coins according to the mining profit. And mining services with automatic selection of the best coin will correct the rest of the differences. If you are interested in the popularity of a coin, then you need to count how many identical video cards are currently mining it (if there are no ASICs). |