Chia profitability miscalculation?
Posted: Tue Nov 07, 2023 1:15 pm
I have about 100 TB of chia plots pointed at the pool - not much but it pays me a little for my unused free disk space.
I noticed that my chia client was reporting an expected time to win of approximately 2 months, which, using a back of the envelope calculation gives an approximate daily gross profit of 80 cents - but in Prohashing it shows my daily chia profits running around 16 to 20 cents.
I also went back and looked at the pool profit reports - the number of chia coins found seems to run significantly higher than expected on a daily basis. Adding up over the past week, 5.29 chia coins were expected to be mined and the actual number of chia coins mined was 28. There were only two days when the number of chia coins mined were lower than expected - and both those days actual the number of coins mined was zero.
I suspect there is something wrong with the calculation of the number of chia coins expected.
I noticed that my chia client was reporting an expected time to win of approximately 2 months, which, using a back of the envelope calculation gives an approximate daily gross profit of 80 cents - but in Prohashing it shows my daily chia profits running around 16 to 20 cents.
I also went back and looked at the pool profit reports - the number of chia coins found seems to run significantly higher than expected on a daily basis. Adding up over the past week, 5.29 chia coins were expected to be mined and the actual number of chia coins mined was 28. There were only two days when the number of chia coins mined were lower than expected - and both those days actual the number of coins mined was zero.
I suspect there is something wrong with the calculation of the number of chia coins expected.