Update on scrypt profitability experiment

News updates about the Prohashing pool
Post Reply
User avatar
Steve Sokolowski
Posts: 3958
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Update on scrypt profitability experiment

Post by Steve Sokolowski » Wed Aug 29, 2018 12:49 pm

On the past two Mondays, I experimented with scrypt profitability to determine how changes in the mining server's payouts would affect the number of miners and profitability. Since we were away at a waterpark yesterday, I was unable to post the results as early as I would have liked.

Here are the results for this week. For the period of August 21 at midnight to 27 at 11:59pm EDT, we found 1.091 times as many litecoin blocks as expected. Payouts were 1.011 times the expected value. Therefore, the pool made 8% in profit due to good luck, but paid out more than the expected value.

The exceptional luck has continued to allow us to run this experiment longer, so I'm pleased to announce that the current conditions of 7% over baseline will continue for at least one more Monday, at least until Labor Day. In the previous post, I pointed out that the changes are only sustainable in the case that scrypt hashrate doubles. Scrypt hashrate used to average at about 5.5 TH/s, but this morning has been holding around 8.5 TH/s, so that's enough of an increase to see what will happen after another week at this level.

Enjoy the extra profit!
Posts: 19
Joined: Sat Apr 07, 2018 10:32 am

Re: Update on scrypt profitability experiment

Post by sherm77 » Wed Aug 29, 2018 1:24 pm

That's great news, I'll continue to keep my 6 L3+'s here for now :)
Posts: 28
Joined: Wed Jun 13, 2018 4:14 am

Re: Update on scrypt profitability experiment

Post by Tomas_Novak » Wed Aug 29, 2018 1:36 pm

maybe it would be good to try out the algo equihash
Posts: 3
Joined: Tue Jul 31, 2018 6:44 pm

Re: Update on scrypt profitability experiment

Post by ajcracraft » Wed Aug 29, 2018 8:34 pm

Thanks for the extra crypto! Just wondering, what will happen when the experiment is over? If the hashrate continues to be ~8.5TH/s, will our enhanced profitability continue?
Post Reply