Hi guys,
a n00b question sorry
I have bought my first miner (avalon 741) and started mining on kano pool on 22. December.
However - after 5 days of mining at constant 7.5 Th/s I only received 2 small awards:
23/Dec amount 0.00019134 BTC
25/Dec amount 0.00064641 BTC
according to profitability calculator my miner should generate around 19 USD/day and after 5 days I'm nowhere close to this amount?
what am I doing wrong? my reported hashing rate and internet connection are both stable
thanks for any help!
A few different things:
Most importantly, you're not fully ramped up. In order to prevent pool hopping, Kano's payout mechanism takes some time before it'll pay out the full awards. In this case, its shares based on the network difficulty.
It takes some time for your miner to "ramp up" so that your shares are consistently counting for their full reward. This also works to your advantage if you lose power, internet, or leave the pool. If it takes 2 weeks, for example, for you to be fully ramped up, it'll also take 2 weeks for you to ramp down - do you get a reward even if your miners are offline, based on their past work.
Secondly, the profitability calculators use averages. Those are your expected earnings over a period of time at the current difficulty. If a pool doesn't find a block, you don't get anything. If a big pool is finding blocks all the time, you get less because there's more users.
Like all things that are probability based, it'll all equal out in the long run - but you gotta keep it up for that long run in order to see the expected rewards.