Quote from: bigmaq on September 14, 2017, 02:59:14 PM

Being in UK I work in GBP rather than USD

I have had my miners running properly now for 2 weeks continuous all of them are linked to nicehash, prior to yesterday the average earning was £1 per hour per miner over a 24 hour period ... therefore giving me a return of £24 per miner per day ...

However since yesterday each miner has averaged £0.65 per hour giving a daily return of £15.33 per day ... thats a drop of 35%!!!!! WTF!! ... I am aware that the price of Bitcoin has dropped (choice of payment for nicehash) .. however if you note the amount in BTC rather than the value of the BTC .. you will still note the same pattern:

Prior to yesterday Hourly earned per miner = 0.0003171 BTC = Daily earning = 0.0076104 BTC

current hourly earned per miner = 0.0002518 BTC = Daily earning = 0.0060432 BTC

This is not looking good!!!

It seems like the L3 and D3 craze is bringing in a whole influx of new miners that just don't understand how difficulty will change profits. With so many miners being released each batch this will continue to happen. Think of it this way. If 4 people are doing a job and get paid $100 to do that job each person gets $25. Well now some other guy heard about this and they want to get in on it. So now you have 5 people working on the same job for the same $100. So now everybody is only getting $20 for that job. As more and more people start jumping in on the job your share becomes less and less. With Bitmain releasing 20,000 units of D3 and L3 each batch that's 20,000 extra miners all sharing the same piece of the pie unless of course X11 or Scrypt coins go up in value. Good luck everybody!