This is a stupid question- not a coder or programmer, but I was looking into learning the ropes and maybe doing this for some extra spending cash.
I was looking on this chart:
https://en.bitcoin.it/wiki/Mining_hardware_comparison and I saw that you can buy a usb mining thingie for 140 bucks or so that says it can do about 2.5 Ghash/sec.
I plugged 2.5 Ghash/sec into this calculator:
http://www.coinwarz.com/calculators/dogecoin-mining-calculator 2621440 kHash in a Ghash, 2621440 into the Dodgecoin calculator, and it spat out an estimated annual profit of 10.7 million dollars.
So what is off in my calculations here? Obviously, if this were accurate, 10.7M annual profit for an investment of $140, it would be front page news and everyone would be doing it.
What am I doing wrong, and realistically, what sort of money could one actually expect from a cheap USB miner like Blue Fury doing altcoins like Dodgecoin or Tagcoin?
Or am I off base here, is it not possible to use such a device on altcoins?