For your information, Middlecoin profited .0178 BTC/Mh/day yesterday, and continues..
no they didnt. yesterday was more like .01, and today more like .014.
Here is the math:
The BTC is the total earned BTC ( Balance + unexchanged + immature ) , as you MUST take these into account to accurately calculate how much you earn, as h2o tends to let a unchanged balance build up.. You cannot calculate simply from what is paid out.
Earnings for the following two previous payout time periods on middlecoin:
230 BTC - Feb. 9 @ 9am - beginning balance
530 BTC - Feb 10 @ 9am - ending balance
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300 BTC / 21,000 MH/s = .0142 BTC/Mh/Day
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271 BTC - Feb 10 @ 9am - beginning balance
647 BTC - Feb 11 @ 9am - ending balance
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376 BTC / 21,000 MH/s = .0179 BTC/Mh/Day
Statistics are retrieved from
http://stratehm.netso you work it out that way so that unexchanged + immature are included and its not effected that they are carried through? Plus do you need to be mining consistantly to benefit from the unexchanges and unconfirmed?
Isnt the middlecoin a historic profit whereas pricing your hire is current, so you dont really know what middlecoin will make today, so you are adjusting your rig price to yesterdays profit which may lower or higher?
Its a very good point of course, but how does middlecoin average out over a month?
Would it be a better pricing guide to use an average over a week, or 2 weeks. or something rather than a volotile day to day price.
1. No, its not affected that they are carried through because I take the difference from the beginning of the day to the end, so Im getting only what was actually earned that day.
2. No, when my miners are on middlecoin ( when not rented out ) Im earning also unexchanged, immature, and my balance is accumulating, just much slower than if I was on full time. And yes even if you stop mining the unexchaged and immature eventually make it to your balance and into you BTC wallet.
3. Yes, the rate Im calculating is from the past few hours, or the from the past payout, but I can also watch the stats and if I see some unexchanged or balance building fast I can take a reading of a small portion of lets say the previous two hours before right now and project into the future what would be the days current earning if the rate continues as it is going. Well I lower my rig price to keep my rig near or at the top of the rig list up until I feel that I would be making less than is possible from middlecoin from the current projected or previous day, then I wont lower the price any more whether or not Im near the top of the rig list.
4. Obviously middlecoin averaged out over the month is much less than you could make on LeaseRig, like I said a little while ago I have only noticed two times where rigs where being leased for less than what was being made on middlecoin. I just try to make sure I always make more than middlecoin, or when I can't I mine there. ( Which is rare )
5. Well when you use an average you find middlecoin is about .0135 to .014 btc/mh/day , the thing is in the crypto wildwest you have to go day by day as things are very volatile in the first place. That is if you want to maximize your profits, If you dont want to worry so much or take so much time you can always just keep your rig at the top of the list with the lowest prices, your monthly average will still be better than middlecoin, but not the maximum.