Post
Topic
Board Service Announcements
Re: Cryptomine.io - SHA-256 & Scrypt Unlimited Mining Contracts
by
Cryptomine.io
on 09/12/2014, 14:47:34 UTC
The "current reward" is still wrong! It's been changed to 0.00001500 per Gh per day.

Here's the equation:

Reward = Hash Rate * Block Reward * 86400 * ((65535 / 2^48 ) / Difficulty)

1*10^9 * 25 * 86400 * ((65535 / 2^48 ) / 40007470271) = 0.00001257 BTC

Why are you misleading potential customers by making your service seem more profitable than it actually is?

The current reward displayed on our website is accurate.
Please don't forget the luck factor involved in cryptocurrency  mining. On our website we display the latest daily mining result obtained.
The theoretical calculations show an average possible mining reward, not a maximum one. The actual results can vary quite a lot, depending on the pool luck factor.
There is always room for optimization and certain pools manage to swing the luck factor in their favor more of the time than others.

We are not misleading anyone and the reward displayed on our website is the actual reward our clients received the day before. We try to keep things as accurate as possible.
If you are interested in purchasing a mining contract to see how we do things first hand, I will be more than happy to accommodate your request.

 

i look electricty cost raised from 22 to 23  Undecided

Electricity prices are fixed at $0.000816 / Gh per day and $0.014 / Mh per day.  Please note these are fixed in USD and when Bitcoin drops in value, as is the case now, naturally, electricity prices expressed in BTC will increase slightly.