Inconsistent mining profitability calculations

1. How is mining profitability calculated?
2. Why does my NiceHash profitability fluctuate?
3. Is NiceHash not profitable?
4. How is hash rate calculated?
5. How is bitcoin Hashrate calculated?
6. Why does my Hashrate go up and down?
7. Is it normal for my Hashrate to fluctuate?
8. Is NiceHash actual profitability accurate?
9. Is BetterHash better than NiceHash?
10. Is Pool mining more profitable than NiceHash?
11. What is better than NiceHash?
12. What is a good mining Hashrate?
13. What is a good Hashrate for ethereum mining?
14. What is Hashrate Dogecoin?

How is mining profitability calculated?

For an estimate, using a 2.50% commission, net mining revenue is 0.00068445 BTC. 0.000702 BTC is calculated by 68 (miner hashrate) ÷ 85,000,000 (network hashrate) × 144 (number of blocks per day) × 6.25 (block reward). If BTC is priced at $50,000 USD, then this M20S has a daily revenue of about $34 USD.

Why does my NiceHash profitability fluctuate?

Profitability fluctuates all the time because of the buyer's orders on the NiceHash hash power marketplace. If buyers demand more hashing power, the profitability will go up. If there are fewer (or smaller) orders on the marketplace the profitability goes down.

Is NiceHash not profitable?

Selling your hash power with NiceHash is usually more profitable than mining the cryptocurrency itself. Nicehash also provides help for large mining operations that are in need of technical help.

How is hash rate calculated?

Hash rate measurement and units

It is counted using terms like Kilo, Mega, Giga, Tera, Peta, and Exa. For example: 1 kilo hash per second (1 Kh/s) = one thousand hashes per second (1,000 h/s) 1 mega hash per second (1 Mh/s) = one million hashes per second (1,000,000 h/s)

How is bitcoin Hashrate calculated?

The daily estimation of hashrate is calculated by comparing the number of blocks that were actually discovered in the past twenty four hours with the number of blocks (144) that we would expect would be discovered if the speed stayed constant at one block every ten minutes.

Why does my Hashrate go up and down?

For Bitcoin specifically, the hashing algorithm difficulty adjusts up and down depending on how high the hash rate is. This is because creation of new Bitcoin was designed to be controlled over time. ... Thus, mining difficulty increases when hashrate goes up to keep new Bitcoin creation stable.

Is it normal for my Hashrate to fluctuate?

It's normal. The calculating process of miners is not a stable output and it's expected to get the average hash rate and earnings. Besides, the status of miners, working environment and unstable of network and other factors would affect the hash rate, too.

Is NiceHash actual profitability accurate?

Local profitability is based on the hashing speed of your miner and it can be only observed in NiceHash Miner GUI or NiceHash Rig Manager as only NHM and NHOS send hashrate data to the web. ... Therefore it can sometimes not be as accurate as looking at actual past profitability.

Is BetterHash better than NiceHash?

Verdict: BetterHash seems to be a better option in terms of user-friendliness. The algorithm automatically selects the most profitable coin to maximize the profit of the miners, whereas, with NiceHash, this must be done manually.

Is Pool mining more profitable than NiceHash?

There are still fees to pay — most mining pools take 1–2% of the total income — but that's less than the 7% difference in pay that you might get from NiceHash. The first choice is what mining pool to use.

What is better than NiceHash?

Coinbase. Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.

What is a good mining Hashrate?

You must have a hash rate of approximately 45 MH / s per card, this is because it would consume 470W of electricity at its maximum power. Mining 1 Ether would consume around 14,570 W of electricity per hour.

What is a good Hashrate for ethereum mining?

To mine 1 Ethereum, you require a rig with a hash rate of 15,500 megahash a second or mh/s. This is the speed of your mining rig. To build a mining rig with such a high hash rate, you require more than 90 GPUs, which would cost you more than $100,000.

What is Hashrate Dogecoin?

Dogecoin hashrate is a calculated numerical value that specifies an estimate of how many hashes are being generated by Dogecoin miners trying to solve the current Dogecoin block or any given block. Dogecoin hashrate is represented in Hashes per Second or H/s.