Quote from: Randey Lahey on Today at 03:39:06 PM

Quote from: tg88 on February 27, 2021, 12:20:41 PM

Currently the reward per block is 2 ETH + fees, and as you can see here the fees are representing 50% or more in the reward:
https://etherscan.io/blocks

Fees remain very high, but the hashrate continues to rise at a speed never seen before:

I admittedly still don't fully understand the way fees/difficulty works, but what I have seen the last week is my 'daily estimated' profit in Ethermine drop from about 0.008 to 0.0055, even though the price has rebounded somewhat, this keeps going down. Does that not just mean that my profit is about half what it was?

No it means the pool has been unlucky

viabtc.com pays pps+ and does not vary with luck.

it is paying

0.0987 per mh for this day.

Once again a pps+ pool is easiest way to know why your gear will do for that day.

a 1000 mh farm will earn 98.70 today.

I clock this number 2 times a day every 12 hours.

Any other method or non pps+ pool is never possible to know daily payout.

also the block payout for viabtc is 198.78%. which means after viabtc takes its fee you get 1.98 x the block

I clock these numbers every day.

they were.

1.5 cents an mh in JULY
105% payout in July

They peaked at 13.3 cents in feb
and 218% in feb

they dropped to

8.8 cents a few days ago.
and to 198% today.

mining payout on pps+ knocks out luck factor almost completely

so diff
fees
coin price

make up cents per mh

look at the chart I grabbed from binance.us and redesigned to show my point

where are we on this chart on one spot price is ready to move up
on another spot price is ready to drop