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Author Topic: How eth revenu works  (Read 69 times)
Seph213
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January 22, 2021, 02:56:37 AM
 #1

So been mining for a while now and came to notice something weird .

I have 130mh mining on nanopool. It shows my estimated revenu being .23 eth a month.

So i go over to whattomine and it tells me i should be doing .3eth monthly .

I also noticed on WTM the block rewards changes frequently and i’m assuming that’s what changes the revenue up or down .

Are mining pool static on 2 block rewards and thats why their estimation never matches WTM or am i getting scammed ( doubt it) on nanopool ?

Anyone feels to share their knowledge of how these things are calculated ?

Thanks
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philipma1957
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January 22, 2021, 03:31:07 AM
 #2

So been mining for a while now and came to notice something weird .

I have 130mh mining on nanopool. It shows my estimated revenu being .23 eth a month.

So i go over to whattomine and it tells me i should be doing .3eth monthly .

I also noticed on WTM the block rewards changes frequently and i’m assuming that’s what changes the revenue up or down .

Are mining pool static on 2 block rewards and thats why their estimation never matches WTM or am i getting scammed ( doubt it) on nanopool ?

Anyone feels to share their knowledge of how these things are calculated ?

Thanks

All calculators are an estimate.  They can be wrong for many reasons.

1 reason the pool you are pointed to has a long streak of shitty luck.
2 reason you look on monday and a few days later the difficulty goes up 3% well you are off by 3%

many other reasons.



now the most accurate is viabtc it may pay less than a pool with great luck but it will pay its estimate as it changes it daily. it does not base it on pool luck.

it is paying  

0.00005413 etc per mh or

130 x 0.00005413 = 0.0070369 a day or x 30 = 0.211107 eth  a month

https://www.viabtc.com

it changes every day the whattomine is out of date 130 mh will not earn as much as you think.

those numbers are pps+ numbers.  and they pay once you grow past 0.2 eth


I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
adaseb
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January 22, 2021, 04:52:06 AM
 #3

ETH rewards is very difficult to estimate. BTC rewards are usually easier. One reason why they can flucuate so much is because there are times when there are lots of unconfirmed transaction on the ETH network that the fees double or triple for hours on end and they are related to your payouts.

When ETH broke the ATH, everybody was rushing to send ETH to the exchange so they could sell it and the fees tripled, if the fees are triple you will usually make double in that period.

Another reason is what phil said, your pool might have bad luck and find 50% less blocks than the industry average, so you need to space it out in a span of a few days and the rewards should be closer to what is projected in the calculator.

There is also difficulty, more GPUs oniine so less profit for you. Difficult in ETH is also difficult to predict. 4GB went off line and we assumed we would get a reduction in hashrate however the opposite happened.





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Seph213
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January 22, 2021, 06:18:21 AM
 #4

So how could i guesstimate how much eth i can get per mhs ? I thought WTM was accurate .
Bitbtc8
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January 22, 2021, 06:29:14 AM
 #5

In this case I suggest you should worry more about the hashrate that your mining is giving you, the results of pool calculations will never be accurate because of rise and fall in rewards, just because you earned 5$ mining Ethereum yesterday doesn't mean you will earn the same today and tomorrow

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philipma1957
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January 22, 2021, 03:17:00 PM
 #6

So how could i guesstimate how much eth i can get per mhs ? I thought WTM was accurate .

I told you how use viabtc.com

they will be accurate for each and every day.

But one day at a time.

There is no accurate long range prediction of any earnings for any mined coin.

but viabtc adjusts the number each and every day and will be accurate for that day.

I have done years of difficulty studying on btc I have years worth of threads 🧵.

All long term predictions are subject to so many variables you cant count on any of them.

But you can do daily numbers with viabtc.com and be accurate for that day.


Think of the weather in many places of the world 🌎 a daily forecast is good but most places can not tell you it will rain or be warm dry and sunny 30 days from now.

I live in New Jersey today is cool and sunny about 42f.

I am very sure in four hours it will be cool and sunny maybe 44f.

I dont know what the weather in New Jersey will be in 30 days.

Sunny
rainy
snowy

warm at 60f
cool at 40f
cold at 20f

Learn to use viabtc.com to understand your daily earnings.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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