Last 2 hours of earnings listed below: My question is why the ** coins are they being mined for so little btc? The coins right before(coins that quit to let ** coins mine) and the coins following ** coins are way way more profitable.Check out chart for last 2 hours (9pm to 11pm)
Some of those look like they were mined only for a second or two. Also keep in mind that profitability is extremely time-sensitive, "way more profitable" may only last for a few seconds, and the pool can't always put all of its hashrate into a single coin.
The "way more profitable" coins are also much more difficult coins to mine (darkcoin). You're seeing things that happen every [long time] interspersed with things that happen [very often]. Would you prefer 200x0.01 transactions or 10x0.20 transaction? You're just seeing a mix in that table.
ok i just compiled another 2 hour segment with a per minute earnings, and the same ** or *** coins are still the same low ballers per minute.As seen in my chart modified from your website here:
as i stated in my previous post above, maybe i just dont have the multi most profitable mining concept down. As the above stats are all on the same miner,same machine,same pool,same time clock and same 1 minute per earning stats and those same ** or *** coins are still almost 0 bitcoins (< 0.00000010) per minute.
I think there are a number of things that are getting confused here.
First, that table really has nothing to do with profitability. You're looking at the results of profitability from hours before (that table is us selling coins we mined a decently long time before, and needed to mature before we could sell them).
Second, that table is skewed more-so, due to how we process selling of coins (on a cron), so the times you're seeing there are completely irrelevant. Everything in there is going to be a multiple of 1min + X seconds (we process our trade results every minute, and it takes a second or so to process results per coin).
Third, seeing a bunch of small amounts in that table is just the results from processing a single actual trade (not a single order), and how trades are calculated varies greatly by exchange. For example, if we tried to sell 5 of X coin, you might see it sometimes get sold as a block of 5 (someone wanted 5+ of that coin - would show up as 1 larger exchange in that table), or you might see it split into a ton of smaller exchanges (lots of smaller trades).
So if we're past the point where we're completely using the wrong table to judge profitability:
Raw profitability isn't a hard algorithm, its essentially multiplying three numbers. Of those three numbers, two of them are given to us wholesale by each coin (they're not guesses/estimates). The third is price, which I've covered quite a bit before. I'm pretty sure we got it pretty correct, and are
usually mining the correct one(s).
ok between your reply and some information from Suchmoon, it makes for a clearer picture. I have to disagree with you on the fact that the earnings table has nothing to do with profitability tho. It has everything to do with profitability, no is in business to loss money hence earnings.So what i earn determines if i am profitable or losing money.
On terms of raw profitability and waffle having correct figures to compute, basically tells me that we mine the most profitable coin AT THAT TIME even tho it may have to wait to mature and be sold at as later time possibly for a lower less profitable amount.
My question is do we get paid by what the pool determined to be the most profitable coin at the time we mine it or do we get paid by what work we did at that time but sold at a later time which could result in a even higher profit or in most instances a lower profit especially on new coins as they are sadly mostly pump and dump initially and then die?
My guess is the latter and that i need to come up with a formula that represents profitability at time of mining but sold at a later time at a "undetermined" amount. Because i like others im sure mine coins based off profitability in order to get a positive earnings based off what we see posted on last 24 hours and days,months charts. And that may not be the profit we receive as earnings at so called payout time due to numerous reasons out of our control. This will not be a easy task as the variables are complex.
This next question applies to any one who has mined or is currently mining.Any ideas or tools or even formulas you use to determine profitability at time of mining and sold at a later time to more accurately get a more "true" profitability prediction or heck even actual profitability based off those complex variables?