Mining outcome up by almost 100% (pool)

FP91G

legendary

Activity: 1820

Merit: 1121

Quote from: 1337leet on February 05, 2022, 06:34:57 PM

Hey guys,

I mine ETH on the ethermine pool.
Usually I get about 0,3-0.32 ETH per month. This value doesn‘t fluctuate a lot.

Today it shows 0.54 ETH per month outcome.

Why is that? Does this mean my miner found a block and I got a special reward?

I would rather watch the daily stats because they are more accurate. Gas price today: 60-70 GWEI, so no big profit is expected. But on the other hand, I would do payback calculations based on a profit of 0.3-0.32 ETH per month.

aesma

hero member

Activity: 2548

Merit: 950

fly or die

I recently paid more than 300$ for a single transaction (smart contract).

adaseb

legendary

Activity: 3808

Merit: 1723

Unlike Bitcoin mining. A lot of ETH miner revenue is actually from the transaction fees. And since they have smart contacts the fees are enormous.

Usually in a strong bull market , people are paying $20 for ETH transfers and like $50 for ERC20 transfer and more for Defi. So if you go on etherscan you can check the average fees and when they are higher they are generating more income for you.

This is one reason why it’s difficult to predict mining profitability on ETH since these fees are hard to predict when they go up or down.

1337leet

hero member

Activity: 1308

Merit: 508

Thank you.

P00P135

full member

Activity: 1123

Merit: 136

https://twitter.com/karafurunft

Big NFT minting today with a bunch of 500-700eth blocks.

1337leet

hero member

Activity: 1308

Merit: 508

Hey guys,

I mine ETH on the ethermine pool.
Usually I get about 0,3-0.32 ETH per month. This value doesn‘t fluctuate a lot.

Today it shows 0.54 ETH per month outcome.

Why is that? Does this mean my miner found a block and I got a special reward?

Topic: Mining outcome up by almost 100% (pool) (Read 194 times)