I'm verifying profitability calculations with buying hashrate on nicehash - x11 before buying a nice ASIC rig. I'm trying to expand the profitability calc to take into account other miners mining a coin since that is a MAJOR factor in profitability. For example, you calc the profitability on 10 GH/s at x difficulty. Yes. IF you are the only miner. IF total rate is 60 GH/s, you are only 1/6th of the total hashrate and in constant competition. Profit calcs (that don't have that factor) vs real life mining can be very different and the more competing hashrate for the same coin decreases that profit calc. Especially pooled mining. I know too many who have gotten burned by not realizing this beforehand.

Of course, you can always rent out your hashrate on nicehash regardless, to help cover overhead costs of gear.

Regards,

c_p