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Topic: Lbry real profit? Is whattomine misleading? - page 2. (Read 2713 times)

sr. member
Activity: 476
Merit: 252
ImmVRse | Disrupting the VR industry
I like lbry and too belive in growth
hero member
Activity: 1151
Merit: 528
The problem is that there are some large pools that switch around to the current "most profitable" coin every few minutes or hours. This causes massive swings in the hashrate and thus the difficulty. So you will see that LBRY is suddenly worth say $50 per day and the hashrate is -42% and then suddenly a few minutes later it is at $18 per day and hashrate is at +22%. That is what happens when these big pools switch around to different coins. My policy is to mine what I feel is the most promising projects and switch between those as they will most likely perform better in the long term.


Do you mine  lbry and not sell? Keep for the future?

I have mined a bit however I have sold most in order to pay the bills. I will mine again once my other coins die down in profitability. LBC is way way undervalued in my opinion. I am holding a trading stash in reserve because I think this is an incredibly promising project. The only reason I do not mine it consistently is the hammering LBC gets from the large pool swings and it would hurt selling it because I believe in it. My other mining I do not believe have the potential that LBC does so I continue to mine them to pay off the miners.
sr. member
Activity: 476
Merit: 252
ImmVRse | Disrupting the VR industry
The problem is that there are some large pools that switch around to the current "most profitable" coin every few minutes or hours. This causes massive swings in the hashrate and thus the difficulty. So you will see that LBRY is suddenly worth say $50 per day and the hashrate is -42% and then suddenly a few minutes later it is at $18 per day and hashrate is at +22%. That is what happens when these big pools switch around to different coins. My policy is to mine what I feel is the most promising projects and switch between those as they will most likely perform better in the long term.


Do you mine  lbry and not sell? Keep for the future?
hero member
Activity: 1151
Merit: 528
The problem is that there are some large pools that switch around to the current "most profitable" coin every few minutes or hours. This causes massive swings in the hashrate and thus the difficulty. So you will see that LBRY is suddenly worth say $50 per day and the hashrate is -42% and then suddenly a few minutes later it is at $18 per day and hashrate is at +22%. That is what happens when these big pools switch around to different coins. My policy is to mine what I feel is the most promising projects and switch between those as they will most likely perform better in the long term.
sr. member
Activity: 476
Merit: 252
ImmVRse | Disrupting the VR industry
In miner I see hash rate 265-270 from one card. Maybe pool reduces my profit? On 5-10%
member
Activity: 137
Merit: 10
Real, but the site considers the luck at 100%. so, real..aprox Wink
hero member
Activity: 653
Merit: 500
Yes, it's real profit.
No, it's not misleading!

I'm mining LBRY since almost one year now and you should do the same  Grin
legendary
Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
folks, who mining lbry, whattomine show profit more than in real?

i use whattomine's calculator, seems accurate to me Smiley 
I have mined LBRY for over a year now, it's been generally top 5, and many days #1 on whattomine for Nvidia cards in daily profits during that whole time Cheesy
It's coming out of beta, so the price is rising nicely now as well, Never a better time to mine some LBC!
member
Activity: 143
Merit: 11
when I add one 1070 I got a hash rate 275 Mh/s
the profit is $1,46 a day seems to be ok
sr. member
Activity: 476
Merit: 252
ImmVRse | Disrupting the VR industry
folks, who mining lbry, whattomine show profit more than in real?
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