Lbry real profit? Is whattomine misleading?

[GoingAround]

folks, who mining lbry, whattomine show profit more than in real?

[Merlig]

when I add one 1070 I got a hash rate 275 Mh/s
the profit is $1,46 a day seems to be ok

[CjMapope]

folks, who mining lbry, whattomine show profit more than in real?

i use whattomine's calculator, seems accurate to me  
I have mined LBRY for over a year now, it's been generally top 5, and many days #1 on whattomine for Nvidia cards in daily profits during that whole time
It's coming out of beta, so the price is rising nicely now as well, Never a better time to mine some LBC!

[Ambros]

Yes, it's real profit.
No, it's not misleading!

I'm mining LBRY since almost one year now and you should do the same 

[Kronny]

Real, but the site considers the luck at 100%. so, real..aprox

[GoingAround]

In miner I see hash rate 265-270 from one card. Maybe pool reduces my profit? On 5-10%

[soothaa]

The problem is that there are some large pools that switch around to the current "most profitable" coin every few minutes or hours. This causes massive swings in the hashrate and thus the difficulty. So you will see that LBRY is suddenly worth say $50 per day and the hashrate is -42% and then suddenly a few minutes later it is at $18 per day and hashrate is at +22%. That is what happens when these big pools switch around to different coins. My policy is to mine what I feel is the most promising projects and switch between those as they will most likely perform better in the long term.

[GoingAround]

The problem is that there are some large pools that switch around to the current "most profitable" coin every few minutes or hours. This causes massive swings in the hashrate and thus the difficulty. So you will see that LBRY is suddenly worth say $50 per day and the hashrate is -42% and then suddenly a few minutes later it is at $18 per day and hashrate is at +22%. That is what happens when these big pools switch around to different coins. My policy is to mine what I feel is the most promising projects and switch between those as they will most likely perform better in the long term.

Do you mine  lbry and not sell? Keep for the future?

[soothaa]

The problem is that there are some large pools that switch around to the current "most profitable" coin every few minutes or hours. This causes massive swings in the hashrate and thus the difficulty. So you will see that LBRY is suddenly worth say $50 per day and the hashrate is -42% and then suddenly a few minutes later it is at $18 per day and hashrate is at +22%. That is what happens when these big pools switch around to different coins. My policy is to mine what I feel is the most promising projects and switch between those as they will most likely perform better in the long term.

Do you mine  lbry and not sell? Keep for the future?

I have mined a bit however I have sold most in order to pay the bills. I will mine again once my other coins die down in profitability. LBC is way way undervalued in my opinion. I am holding a trading stash in reserve because I think this is an incredibly promising project. The only reason I do not mine it consistently is the hammering LBC gets from the large pool swings and it would hurt selling it because I believe in it. My other mining I do not believe have the potential that LBC does so I continue to mine them to pay off the miners.

[GoingAround]

I like lbry and too belive in growth

[induktor]

I was wondering that too.

I mined lbc for a week and the profitability was about 30% lower than whattomine says.

but reading your comments makes me wonder, maybe was a pool problem, what pool do you recommend for lbc?
so i could try several and decide?.

thanks!

BTW: i also believe in LBC, i like the project and been folowing for a while.

[GoingAround]

I'm on the supranova. earlier  I used to be yiimp, and it was bad

[induktor]

I'm on the supranova. earlier  I used to be yiimp, and it was bad

thank you, will give it a try 

[sil2222]

LBRY released their beta today https://lbry.io/get you get free LBRY credits for different rewards they have listed. It looks pretty good. Maybe the coin value will go up now.

[induktor]

LBRY released their beta today https://lbry.io/get you get free LBRY credits for different rewards they have listed. It looks pretty good. Maybe the coin value will go up now.

FINALLY!
thanks for the info!

I was waiting for it for a long time, it's a fascinating proyect

time to buy some LBC credits as well (so i put my money where my mouth is)

[hyet24]

there is another strategy you pick a coin and stick with it and wait for good price.  so far if you did mine when lbry was at lower value and keep it.   just cash it out when value is 25-35% higher when you first mine it.   people tend to look the current and mine that.  profit chasing is bad as chasing in sports gambling.

[Sev18]

Some disappointed at the difference between WTM and real profit, experiencing about 20% lower profit than estimated.

[rdluffy]

Some disappointed at the difference between WTM and real profit, experiencing about 20% lower profit than estimated.

Do you know there is the difficulty that changes everytime

[Coin++]

folks, who mining lbry, whattomine show profit more than in real?

Whattomine is allways out of the true : it is not a good tool and no one site is good to know what to mine.
The only way to know with our RIG is to try.
All the mathematics based on whattomine or others are false, very false and it is very dangerous to invest money with these numbers.

[naykos]

What's the best miner for a nvidia pascal card for lbry?