How to use the live profitability value?

Hi everyone, I'm new here and to mining in general. I'm looking to use nicehash to mine on prohashing and ran a small test yesterday and made 20% profit but before I run a larger test, I'm trying to understand the variables better.

I understand that the live profitability value is average per share value, but is there a way to calculate the average shares per MH/s? I want to use the profitability value to determine if I should buy hashing power from nicehash.

Thanks!

the stats are per 1mh/s

Awesome, thanks for the quick reply.

d2391 wrote:Hi everyone, I'm new here and to mining in general. I'm looking to use nicehash to mine on prohashing and ran a small test yesterday and made 20% profit but before I run a larger test, I'm trying to understand the variables better.

I understand that the live profitability value is average per share value, but is there a way to calculate the average shares per MH/s? I want to use the profitability value to determine if I should buy hashing power from nicehash.

Thanks!

I am also new to mining and general

Can you give a tutorial on how to setup the nicehash/prohashing? X11 or scrypt?
I'm guessing you are buying hash power or "renting the rig" on nicehash and pointing it to the prohashing pool.

Profitability stats changes a lot, at least in my tests. Scrypt profitability may go from 0.028 up to 0.10 sometimes. I am trying to use a moving average, but I end up with orders with prices a lot higher than the profitability (when the later decreases suddenly and my NiceHashBot had the price higher trying to keep the hashrate). How do you handle that? Do you cancel and re-create the order when you know Nicehash wont let you decrease price the ammount you wish? does creating new orders costs anything?