Re: Mining revenue x5 after switching to a different mining pool, possible?
Hi guys,
My name is Nick and I'm new to this forum so hi everyone
, and I just want to say the past few months have been pretty exciting while I've been discovering and getting into cryptocurrency mining. It's an awesome thing joining the Bitcoin Revolution 
.
Anyway, my curiosity lies in my mining stats while testing different mining pools. The past few days I've been mining off and on at Slush's Pool with my new Rockminer R4 which is hashing at about 500 GH/s, and I've earned somewhere around 0.03 BTC.
But just today I started mining over at TripleMining (let me know if you want to join my team! ;]), and already I've earned the same (0.03 BTC) that took nearly 3 days over at Slush's Pool, and I've barely been mining for 12 hours. How is this possible? My rewards aren't confirmed yet but is this at least somewhat accurate or not even close?
If anyone could shed some light on this that would be great! Also any help or advice would be greatly appreciated too.
Thanks a lot!
- Nick
My name is Nick and I'm new to this forum so hi everyone
, and I just want to say the past few months have been pretty exciting while I've been discovering and getting into cryptocurrency mining. It's an awesome thing joining the Bitcoin Revolution .Anyway, my curiosity lies in my mining stats while testing different mining pools. The past few days I've been mining off and on at Slush's Pool with my new Rockminer R4 which is hashing at about 500 GH/s, and I've earned somewhere around 0.03 BTC.
But just today I started mining over at TripleMining (let me know if you want to join my team! ;]), and already I've earned the same (0.03 BTC) that took nearly 3 days over at Slush's Pool, and I've barely been mining for 12 hours. How is this possible? My rewards aren't confirmed yet but is this at least somewhat accurate or not even close?
If anyone could shed some light on this that would be great! Also any help or advice would be greatly appreciated too.
Thanks a lot!
- Nick
How is this possible - well you could buy 10k lotto tickets each week and only make a few hundred dollars. Then all of sudden you get a lucky scratcher and win 100k. Pure variance aka luck.
You said you were mining on/off at Slush's pool. Slush really penalizes peolple for jumping in/out. Mine at a PPLNS or PPS pay based pool.
Thank you so much for your help. Your information has been very valuable and I truly appreciate it.
I just have one last question, will the payouts remain the same as they are now?
Have a nice labor day weekend, be safe!