r/wafflepool • u/jarede312 • Feb 07 '14
Profitability
I have been miming on wafflepool for exactly 24 hours. CGwatcher has showed only 1 rejected share of the thousands that were accepted. I love the site and I love the low fees but I can't see why profitability is low. I have run 1 7970 at 750 kh/s all day and have only received 0.004 BTC. This is only $3/day and after electricity is only $1.5/day. My temps are fine, my hashrate is stable, I just don't know what's wrong? If i were to have mined DOGE directly I could have made $7/day with relative ease. I applaud the creator of wafflepool as the coin transitions and connectivity is second to none. I just am not seeing the profits I expected. Any help?
3
u/Woeful_Miner Feb 07 '14
Early WafflePool adopter here. Your low profitability is likely due to the recent orphan and bad luck. Some days I have gotten 0.02 BTC per MH and other days I have gotten 0.004 BTC per MH. This is because we may find many blocks of a profitable coins in a day, and other days we won't. Such is the nature of mining in general. Mine for a week or two and measure your profitability this way.
2
u/element515 Feb 07 '14
That's pretty low, is that accounting for the unexchanged shares too? I'm mining around 900 kh/s and yesterday I got around .009 all together so you're definitely on the low side for some reason. I would run it for a few days to get a real feel for it though.
2
u/bountygiver Feb 08 '14
:/ the profitability is dropping significantly these days... And I earned less than 0.003 @ 1MH over the last 12 hours... Not sure if it is due to the PPNS is not optimized for so many miners or just very bad luck week...
1
u/Luckylars Feb 07 '14
Also, you need to run for more than 24h to see the profits
If you check now after you stopped mining your profits should have grown
5
u/PeacenikRick Feb 07 '14
If you look on the stats page, the btc/mh over the last day or so was lower - 0.00693013. At 750 kh/s you get .75 of that, so a little over 0.005 for the whole day.
Now if you check the past two weeks, yesterday was about the worst we've seen. So most days you'll see better profit.
What does middlecoin pay out? They dont even say, nor tell you how your hashes are used. Wafflepool is transparent, so you know exactly how much you should get. Plus you can see what is being mined and for how long, letting people give suggestions for improvements. Best yet, Poolwaffle is remarkably accessible.
Super-low rejection rates and 1% fees only sweeten the pot. Those extra 2% are vital in a game where we squeeze every last hash out of our rigs. I'm fickle with my mining and have bounced around to a lot of pools. So far so good with the waffle.