Earnings not match

Kaffiend
Archived posts: 34
Joined: Jul 27, 2021

Re: Earnings not match

by Kaffiend · · Post #31237

This reply from about a week or so ago. It is because of the large spread between the buy/sell price. For other coins I have had a warning about it at the top of the screen on payout page in the past. The dingo large spread has not generated the warning for me like others have.

Hello, I investigated this issue and determined that the pool is working properly. The situation is that the coin you are earning Dingocoin with small trade volumes and small market capitalizations. With those types of coins, the spread between the buy price and sell price is very wide. When you earn coins on Prohashing, the data shown in your daily earnings is based upon the buy price since that's what we had to spend to acquire the coins, but the current value is based upon the current sell price since that is the value you could earn by selling it at a market. For coins with a high spread like Dingocoin, there will be a large discrepancy between these values. That is not the fault of the pool; rather, it is essentially evidence you cannot sell those earned coins for near the price paid to acquire them. I hope this helps to explain the situation. Sincerely, -Steven
Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Re: Earnings not match

by Steve Sokolowski · · Post #31239

Kaffiend wrote: This reply from about a week or so ago. It is because of the large spread between the buy/sell price. For other coins I have had a warning about it at the top of the screen on payout page in the past. The dingo large spread has not generated the warning for me like others have.

Hello, I investigated this issue and determined that the pool is working properly. The situation is that the coin you are earning Dingocoin with small trade volumes and small market capitalizations. With those types of coins, the spread between the buy price and sell price is very wide. When you earn coins on Prohashing, the data shown in your daily earnings is based upon the buy price since that's what we had to spend to acquire the coins, but the current value is based upon the current sell price since that is the value you could earn by selling it at a market. For coins with a high spread like Dingocoin, there will be a large discrepancy between these values. That is not the fault of the pool; rather, it is essentially evidence you cannot sell those earned coins for near the price paid to acquire them. I hope this helps to explain the situation. Sincerely, -Steven
If that's the case here, then you can earn more money by earning a different coin. Unfortunately, with so few buyers of this coin, the only way you will be able to sell or spend it is at the lower value.
CactusJab avatar
CactusJab
Archived posts: 8
Joined: May 24, 2021

Re: Earnings not match

by CactusJab · · Post #31240

Thank you so much for responding.
I was 100% on Dingo, when i added a secondary coin/token it would transfer to that before it would disappear. GOod idea to have a secondary available, DINGO always happy to see it listed. Thank you