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May 16, 2017 Mining server status

vhmanu avatar
vhmanu
Archived posts: 55
Joined: Apr 21, 2017

Re: May 16, 2017 Mining server status

by vhmanu · · Post #5791

Chris Sokolowski wrote:I have applied the changes that I talked about two posts ago. All May 16 total earnings are now at least what was earned on May 15.
Im a bit sad. May 15 was an overall bad scrypt day and May 16 should have been higher earnings wise (gamecredit pump).
Getting the same as on may 15 is fine considering the alternative would be to get a lot less due to downtime. it's just that i did not expect it, because my miner was mining all the time without any issues.
Chris Sokolowski avatar
Chris Sokolowski
Site Admin
Archived posts: 945
Joined: Aug 27, 2014

Re: May 16, 2017 Mining server status

by Chris Sokolowski · · Post #5805

vhmanu wrote:
Chris Sokolowski wrote:I have applied the changes that I talked about two posts ago. All May 16 total earnings are now at least what was earned on May 15.
Im a bit sad. May 15 was an overall bad scrypt day and May 16 should have been higher earnings wise (gamecredit pump).
Getting the same as on may 15 is fine considering the alternative would be to get a lot less due to downtime. it's just that i did not expect it, because my miner was mining all the time without any issues.
I'm confident that that's not the case that profitability on May 16 was higher than May 15. Event though the mining server was making its normal, optimal selections of mining coins throughout the day, the increase of all users' balances to that of May 15 still resulted in us losing about 3 days' worth of profits.

In addition, it's also worth noting that price and profitability are only loosely correlated. An increase in price first results in more hashrate being assigned to the network, which causes difficulty to increase, which results in profitability remaining more or less the same. It's only once all available hashrate is assigned to the network that price rises result in profitability increases because there isn't any additional hashrate that can be assigned to the network to increase difficulty.