Hashrate lower on L3+ than what the Antminer shows

lite em up
Archived posts: 5
Joined: Aug 26, 2017

Re: Hashrate lower on L3+ than what the Antminer shows

by lite em up · · Post #10836

From the help tab ( back to main site)
Why Hashrate Isn't Everything
It's tempting to look at base hashrate, and arrive at the conclusion that a lower hashrate equals lower payouts. However, the relationship between hashrate and payouts is much more complicated.

Periodically, a coin has a period of low difficulty that increases its profitability to a very high level. The pool will switch some miners to that coin during these intervals. During these periods, base hashrate will appear to be lower than during periods when only litecoins are being mined because work restarts decrease hashrate. However, profitability during these periods is higher, because the blocks being mined are more valuable. Consider the following situation, which arises commonly during mining:

Mine litecoins: Achieve 1 MH/s at 3 cents per MH/s/day = 3 cents per day
Mine casinocoins: Achieve 0.5MH/s at 10 cents per MH/s/day = 5 cents per day
In this instance, it appears at first glance that mining casinocoins is suboptimal because the frequent work restarts lower hashrate. However, the math above demonstrates that the expected value of mining casinocoins is superior to that of mining litecoins, even though the hashrate of mining casinocoins is only half that of mining litecoins.

On cloud mining providers like Nicehash, "negative deltas" and other errors may appear that indicate that some hashrate is being wasted due to work restarts. Prohashing only sends work restarts when doing so would gain more profit even after the restart losses than would continuing to mine the same coin. When using these services, compare actual profitability at several pools to see where you can make the most money, rather than deciding by hashrate alone.