Topic: Dogecoin estimated mining vs reality (Read 1248 times)
I'm using doge.poolerino as a pool, it's the highest recommended doge pool, at my approx 1800 KHs hash rate it's saying now that I should be getting 18k per day, and at the current rate of $0.0016 that would be $28.80 per day, right in line with what coinwarz is saying. I haven't really looked long and hard what actual payout I do get, though.
I'm in the same boat with all of you. I've been mining doge for about 2 weeks across 3 different pools and have never seen better than 60% payout. I've heard people going on and on about how "Don't use CoinWarz to estimate doge, it doesn't work". Law of averages says it eventually does. Take the last 24 hours for example. Dump the blockchain data into excel and you'll see for yourself. 720,129,460 coins mined between blocks 76773 and 78182, 1412 total blocks.. that's an average of 510,006.70 coins per block - otherwise known as a slightly higher expected payout than what CW estimated. I like the idea of doge, but spending 2 weeks hoping to get a lucky bone thrown at me and mine on the 120% in 1 day return just isn't worth it to me. 60% across 2 weeks is horrible.
For me it was. I couldn't completely account for where the 40% was lost considering pool fees were only 1.5%, my reject rate was only 3%, so where did the other 35.5% go? Block reward variability? Not one day was above or even within say 10% of the estimated rewards. Something seemed wrong with the picture. Of course LTC is set for a big increase which means I may have to rethink my strategy again.
I did my own math on actual earnings vs estimated earnings over about a week and found that I was about 40% below estimates every day. You would figure that with the average block reward being 500,000 doge that at some point, my earnings should be above average to balance it out, but no. Calculators estimated I should get around 27k doge at a particular average difficulty, my pool estimated about 22-23k, actual earnings were about 15k.
I switched back to LTC mining after the big difficulty drop and found that my earnings are equivalent to about 20k doge at current exchange rates from LTC to Doge, a 25% increase in value. So either my pool gets all the blocks with crap block rewards, the pool is skimming or the block reward average heavily weighs towards the lower end of the 0 to 1 million scale.
So mining LTC was more profitable??? I guess this is the reason people are selling the hashing power,because it's too difficult to follow every currency. I switched back to LTC mining after the big difficulty drop and found that my earnings are equivalent to about 20k doge at current exchange rates from LTC to Doge, a 25% increase in value. So either my pool gets all the blocks with crap block rewards, the pool is skimming or the block reward average heavily weighs towards the lower end of the 0 to 1 million scale.
I did my own math on actual earnings vs estimated earnings over about a week and found that I was about 40% below estimates every day. You would figure that with the average block reward being 500,000 doge that at some point, my earnings should be above average to balance it out, but no. Calculators estimated I should get around 27k doge at a particular average difficulty, my pool estimated about 22-23k, actual earnings were about 15k.
I switched back to LTC mining after the big difficulty drop and found that my earnings are equivalent to about 20k doge at current exchange rates from LTC to Doge, a 25% increase in value. So either my pool gets all the blocks with crap block rewards, the pool is skimming or the block reward average heavily weighs towards the lower end of the 0 to 1 million scale.
I switched back to LTC mining after the big difficulty drop and found that my earnings are equivalent to about 20k doge at current exchange rates from LTC to Doge, a 25% increase in value. So either my pool gets all the blocks with crap block rewards, the pool is skimming or the block reward average heavily weighs towards the lower end of the 0 to 1 million scale.
Hi,
I started month ago as Litecoin miner, currently I am mining doge.
I have tried several pools including multipools, now i am trying biggest doge pools out there.
The problem is, according to various calculators I should be earning a lot more coins per day.
I had no such problem mining other currencies. My reported hashrate correspond to values reported by cgminer while reject value is around 1%
While pools try to advertise with Pool fees (0-3%) on almost each of them Block overview is hidden.
On every big pool I had to register first just to discover they need 115% up to 150% of shares to find block.
So I loose not only 1% to fees but also additional 13%+ to some "random" unluck factor in finding block.
But how is it possible each and every pool is unlucky except for one which you cant even register on unless you are invited.
Are pool owners scamming miners and hiding behind luck factor or i am missing somethink here.
I started month ago as Litecoin miner, currently I am mining doge.
I have tried several pools including multipools, now i am trying biggest doge pools out there.
The problem is, according to various calculators I should be earning a lot more coins per day.
I had no such problem mining other currencies. My reported hashrate correspond to values reported by cgminer while reject value is around 1%
While pools try to advertise with Pool fees (0-3%) on almost each of them Block overview is hidden.
On every big pool I had to register first just to discover they need 115% up to 150% of shares to find block.
So I loose not only 1% to fees but also additional 13%+ to some "random" unluck factor in finding block.
But how is it possible each and every pool is unlucky except for one which you cant even register on unless you are invited.
Are pool owners scamming miners and hiding behind luck factor or i am missing somethink here.
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