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1  Alternate cryptocurrencies / Mining (Altcoins) / Re: Need help estimating profitability on: June 30, 2017, 10:46:22 PM
Hey again, sorry for the late response. I understand where you're both coming from and very much appreciate you explaining why I wasn't going to make £200 a day off a USB xD Because if I was somehow managing 1.3mBTC which was actual BTC then yeah it might have worked with the USB but obviously they're not gonna set up a system that can be broken so easily, so this thread was more to understand the reasoning behind it to gain some more insight, and you guys did exactly that so I really appreciate the responses! Thank you very much Smiley)
2  Alternate cryptocurrencies / Mining (Altcoins) / Re: Need help estimating profitability on: June 30, 2017, 06:50:15 PM
I understand that fully yeah, the problem is if I put in 25MH/s I get literally nothing but if I put in that number multiplied by 86,400 (no. seconds/day) then that gives me the actual amount I'm generating through NiceHash. How does that work?
3  Alternate cryptocurrencies / Mining (Altcoins) / Need help estimating profitability on: June 30, 2017, 06:42:52 PM
Hey guys, so recently I got into bitcoin mining and on my GPU (R9 290) I'm getting around 25MH/s which is generating around 1.3mBTC (0.0013 BTC) per day, giving me around £2.50 per day revenue. I was looking at a Bitmain Antminer U1 Bitcoin ASIC Miner USB 1.6 - 2 GH/s, which costs around £50 on eBay. Now if this thing mines at 2GH/s for instance (2000MH/s) would I make 80 times more money because I can process 80 times the number of hashes per second? (2000/25 = 80). I know this sounds stupidly dumb to ask but the calculators I have used are all wrong when you put in 25MH/s and tell me I'll make practically nothing, whereas when I multiply the number by 86400 I get the correct amount I generate per day, which suggests it MIGHT be correct. I'm probably dumb for asking this but I would really appreciate some feedback from more experienced users. Many thanks.
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