OK i have 3 blocks all 15% lower than average
17983
18000
18006
but whats worrying is my average earnings
March .25
April .20
May .10
Is everyone seeing this drop in earnings, as its getting to a point of not being worth mining
joolz
yes the earnings are dropping seemingly faster then expected, but maybe it is just a perception. I just started mining in March, so i have no idea how it was earlier when difficulty was increasing. Though this is the way it is supposed to be by algorithm (earnings drop with time) it is a bit depressing to see the how earnings drop even when my hash increases.
The system is designed to hand out blocks at a set pace. The reward is scheduled to be cut in half roughly every 4 years. So when a large number of miners come on line with ASICS, and start hashing away, that increases the total network hash rate by a lot. Which means the difficulty has to go up a lot to compensate, and keep the blocks coming at the same pace.
So it's all relative, the higher the network hash rate, the higher the difficulty and vice versa.