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Author Topic: Mining Pool Profit: Can you Explain this to me....  (Read 402 times)
Storx (OP)
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June 10, 2017, 07:14:58 AM
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It doesn't sound like its hard to understand, but i am just trying to make sure i understand it fully as i research and test out the use of multi-algo batching......this list on the right side of the picture is the data that the batch file pulls from the pool to determine which one to mine, due to profitability.....

I just started the test batch to run for the night.. it has chosen Blake2s algo as the most profitable based on my 12.55GH/s mining rate...
So if i do the math..
0.97322x12.55=12.213911mBTC/day
Which translates to BTC/USD current value of $34.32/day-(2% pool fee)=$33.63/Day correct?




- GPUs Mining : 128 (Updated 3/7/18) // CPUs Mining : 19 (Updated 2/23/18)
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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June 10, 2017, 08:50:37 AM
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that is mbtc, which is 0.001 btc so just do first per 1000 to convert in btc, and then do the math, if for example for skei you have 1giga you are getting 1000 mega x 0.004 mbtc = 0.004 btc

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June 10, 2017, 09:37:38 AM
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no thats the 24hour average for the last 24hours... the multi algo batch uses the real time stats at that current time not the 24 hour average...

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June 10, 2017, 10:25:57 AM
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You can view http://www.zpool.ca/api/status for the current estimated payouts.  right now blake2s is at 0.00060351 btc/GH/day.  so with 12.55GH/s you'd earn 0.0076 btc/day (~$USD 20), assuming that exchange rate and difficultly holds steady. (which it wont).
0.00060351 * 12.55 = 0.0075740505

but yes, your maths on the 24hr/actual is correct. It's just that the previous 24hrs are not necessarily a good indicator of the next 24hrs due to the high volatility of all altcoins.

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