Hello,
I am a new user of MPM with MPH.
The estimated profitability by MPM is 0.00052 BTC/day. I waited 3 days to get a fair estimate but it shows 0.00087 BTC in my balance( auto exchanged to BTC ). It is about half of the estimated profitability. Is it normal? Am I doing something wrong? I followed the readme instructions.
Thanks
Hi, I'm new too and been mining on MPH for 5 days. I could be wrong but this is what I've observed.
Are you using auto profit switching? For me I found that focusing on mining one coin/day is better. You'll get your share when the pool found the block. MPH seems to switch often these days (thanks to the fluctuation of bitcoin price).
For each coins, the pool may solved 10 blocks+ per hour, or solved only 4 blocks or less per hour depend on luck. In a worse case, it could be just only one block or none. If your MPH happened switched to its coin of choice during "bad time" you'll get less profit.
You can check block stat on each coin's statistic.
I would say, better choose your coin manually if you do not have powerful rig. Last night I tried autoswitch for just curiosity, the thing switched to FTC 7 times during last night, spent 3 hours in total to mine FTC (average 25 min per switch) and all I got was only 0.4 FTC.
Are you two paying out to btc? Unless you have a lot of mining power, its probably best to avoid btc or eth payouts. These two networks have problems with high fee rates and slow transactions. The high fees are hurting your profitability pretty badly. Instead use an altcoin to move your money to the exchange, and let the btc accumulate there a while before withdrawing. That way you aren't paying $12 transaction fees to move $20.
Profitability for my rig seems to be right on the ballpark.
Also, not using the auto switches does have a disadvantage- when a particular pool switches off of an algo or coin, there is a rapid decrease in that pool's hashpower. With said decrease, the block win rate decreases too. So even though you might proportionally get more of each found block, blocks are found less often and the total profitability may not be any better than just using the auto switches.
Hi,
I don't do payouts from btc to usd because of the high fees, until I have accumulated enough btc. Pretty much what you were saying.
The problem here is that MPM shows 0.0052 BTC/day and I get around half of it.
What do you do to get the same profitability?
Do I have to auto exchange to another coin and then after a while exchange to bitcoin? It doesn't sound efficient: what if in the meantime the coin goes down in value and I get half of the value in bitcoin?
Thanks