Explanation of Whattomine.com | Bitcointalksearch.org

Nooblife

newbie

Activity: 26

Merit: 0

Quote from: Vann on December 13, 2017, 10:47:50 AM

Estimated Rewards is how many coins per day you can expect at the current difficulty, if it were to stay the same (it won't). It's based on the hash rate you put in and your power costs don't affect it.

Estimated Rewards 24h. is the average number of coins per day you can expect based on the average difficulty over the past 24 hours.

Thank you very much for that clarification. I understand the site is only an estimate. It would be nice if they could add a summary page or a "Q" near the column headings to get definition. Maybe a future revision.

Cheers!

Vann

hero member

Activity: 1036

Merit: 606

Estimated Rewards is how many coins per day you can expect at the current difficulty, if it were to stay the same (it won't). It's based on the hash rate you put in and your power costs don't affect it.

Estimated Rewards 24h. is the average number of coins per day you can expect based on the average difficulty over the past 24 hours.

Nooblife

newbie

Activity: 26

Merit: 0

What I really want to understand is the variation between the following columns:

Est. Rewards
Est. Rewards 24h

I tried putting electricity to zero (free) and these numbers didn't fluctuate. Some times one is higher than the other. It really doesn't make sense.

Thanks

jmigdlc99

sr. member

Activity: 784

Merit: 282

Although what the previous poster, Commie, said is partially correct, you can still always use whattomine as a general benchmark of the profitability of your current coin as compared to a variety of others. That being said, you should make sure you factor in all variables to your comparison. If you are dual mining ETH+DCR/SIA for example, you should use the specific page for dual mining (this can be found on the top menu as well).

To directly answer your question, refer to the following:

Block Time: Average length of time needed to mine a block (and payout a reward) for your specific coin
Profitability-Current: Refers to the specific coin's current profitability as compared to mining ETH. ETH will always be 100%
Profitability-24H: Refers to the specific coin's average profitability as compared to mining ETH over 24 hours
Profitability-3 days: Refers to the specific coin's average profitability as compared to mining ETH over 3 days
Profitability-7 days: Refers to the specific coin's average profitability as compared to mining ETH over 7 days

With ETH mining at the heart of the comparisons, you should be somehow able to determine if you should mine anything other than ETH.

BitBustah

hero member

Activity: 1218

Merit: 534

Also, not every algo is listed there..

Commie

full member

Activity: 621

Merit: 108

Actually none of it should affect your mining decisions. See, WTM gives you information that is right at the time you look at it, ie if any coin is being pumped RIGHT NOW WTM will tell you to mine that one. But accumulating an X amount in your wallet takes time and when you done with that previous income prognosis might have nothing to do with reality as exchange rates have already changed.

Nooblife

newbie

Activity: 26

Merit: 0

I hope this thread can explain all the columns in Whattomine.com's website.

Block Time ??
Block Reward Total payout of coin paid for each completed block
Last Block Number of the last block completed. This should keep going up.
Difficulty Restrictions placed on algorithm due to current hashing power??
NetHash Total network Hashing on this coin currently. This will fluctuate.
% ?? Reduction in network Hash ?? Is this a 24hr period?
Est. Rewards Gross units of coin mined per day
Est. Rewards 24h NET units of coin (minus your electrical costs)
Exchange Rate
Market Cap
Volume
Rev. BTC Gross units of equivalent BTC mined per day (some places only pay out BTC)
Rev. 24h NET units of equivalent BTC mined per day (minus your electrical costs)
Rev. $ Equivalent $ of gross mining (based on coin price currently)
Profit Equivalent $ of netmining (based on coin price currently)
Profitability
Current | 24h ??
3 days | 7 days ??

Feel free to correct or fill this in. I am unsure of how these factors should influence your coin selection of mining.

Thanks

Topic: Explanation of Whattomine.com (Read 588 times)