L3+ profits huge drop?

Discuss issues with mining rigs and connectivity issues with experienced Prohashing miners.
Eazy E
Posts: 20
Joined: Tue Oct 31, 2017 1:18 pm

L3+ profits huge drop?

Postby Eazy E » Sun Dec 17, 2017 3:03 pm

Simple question

I have 2 L3+ and I am getting about 1.2-1.3 LTC / day off of 2 machines.

Seems like the difficulty drop nearly .1LTC in the past 2 weeks

Are my profits normal?

7 days ago I was making 0.19 LTC / day ... now I am making around 0.14. This seems like a HUGE dip for only 7 days. I started mining 2 months ago tomorrow. When I started mining I was getting .65/day.

So my question is, " Are these profits normal?".

If not, is it something going on with prohashing?

PS: I understand the difficulty increasing, but that doesn't seem to account for the huge loss of profits in the past week or two. I mean seriously, I have dropped nearly .1 LTC/ day over these past few weeks
Eazy E
Posts: 20
Joined: Tue Oct 31, 2017 1:18 pm

Re: L3+ profits huge drop?

Postby Eazy E » Sun Dec 17, 2017 3:04 pm

UPDATE: Just checked an 5 days ago made .25 and .24 and last night I got paid out .135 .......
sharpblunt007
Posts: 4
Joined: Thu Nov 09, 2017 3:32 am

Re: L3+ profits huge drop?

Postby sharpblunt007 » Sun Dec 17, 2017 3:11 pm

Hey man

Due to the price surge these profits are correct. A single L3+ mining LTC directly at the moment is pulling in about .07 LTC with .08 on a good day.

You need to see how you define "profitability" because in terms of the US$ value of mining, it's actually gone up slightly since before the spike.

You can keep on mining LTC if that's your preferred coin, but for example I've changed up to mining other coins until I see if the price of LTC is coming back down or not as I don't wanna lose the $ value of what I mine.

Depending on your setting though your profits seem to be correct.
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Aura89
Posts: 211
Joined: Mon Oct 02, 2017 12:12 am

Re: L3+ profits huge drop?

Postby Aura89 » Sun Dec 17, 2017 3:18 pm

sharpblunt007 wrote:
Due to the price surge these profits are correct.


Doesn't have anything to do with the price surge, but rather, bitconnect coin going away and everyone who was mining that suddenly moving over to litecoin causing litecoins difficulty to skyrocket. Honestly, we were saved (probably intentionally from someone with big pockets to secure their own continuous profits) by the litecoin profit surge.

Eazy E wrote:I have 2 L3+ and I am getting about 1.2-1.3 LTC / day off of 2 machines.


I'm not sure when you were making 1.2-1.3 LTC per day off of two L3+. Since October, in the least, you should have been making around .3 each, or .6 total, per day. Now you could be making around .075 each, or .15ish total per day Don't take any of these numbers as absolute, it could be .6 each and .12 total per day for all i know, the numbers i used are simply "around this number", not exacts.

But yeah, i have no idea when you were making 1.2-1.3LTC per day off of two L3+, as that was most definitely not recent, let alone in the last few months.

And yes your profits are normal. This is how mining works, as more miners give more hashrates to a specific coin, that coins difficulty increases, lowering everyones coinage profits.
sharpblunt007
Posts: 4
Joined: Thu Nov 09, 2017 3:32 am

Re: L3+ profits huge drop?

Postby sharpblunt007 » Sun Dec 17, 2017 4:45 pm

Bitconnectcoin going away? Gone where?
greaseman316
Posts: 107
Joined: Sat Dec 02, 2017 2:34 pm

Re: L3+ profits huge drop?

Postby greaseman316 » Sun Dec 17, 2017 4:56 pm

in another post that clearly talks about bitconnect coin it went from POW to POS do a quick search its huge
blindedwino
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Joined: Sun Dec 17, 2017 9:20 pm

Re: L3+ profits huge drop?

Postby blindedwino » Sun Dec 17, 2017 9:30 pm

greaseman316 wrote:in another post that clearly talks about bitconnect coin it went from POW to POS do a quick search its huge


I never understood why people mined that shady scam coin.
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Aura89
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Joined: Mon Oct 02, 2017 12:12 am

Re: L3+ profits huge drop?

Postby Aura89 » Mon Dec 18, 2017 12:47 pm

blindedwino wrote:
greaseman316 wrote:in another post that clearly talks about bitconnect coin it went from POW to POS do a quick search its huge


I never understood why people mined that shady scam coin.


Regardless of your feelings and opinions that do not matter in regards to bitconnect coin, it was a profitable coin. Hence the reason why it being gone caused LTC difficulty to skyrocket and everyones profits to plummet since there was so much scrypt hashrate held up in mining bitconnect coin.

Again, the only reason we're even remotely making decent $ amount is because it got pumped up to $300~ per LTC. If that hadn't of happened, there'd be a lot more unhappy people. It does nothing for the actual decrease in amount of litecoin we're getting, but at least it's something.

The only way to fix this issues is if another coin becomes profitable and slips the scrypt hashrate again. Quite frankly, 2-3 more would be perfect, in my opinion.

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