Ethereum Mining Results With Nicehash
Ethereum Mining Profitability with Nicehash
For those who not read my previous review of the mining Zcash in Nicehash please read here. This is my study case of how we can earn in Nicehash from Ethereum mining. Within my experience, the consequence becomes various, yet, based on what alt-coins you mine. You’ve got to have the ending of the contract as well as the price when start mine to a note. And let us find out in beneath
Setup The Pool
As usual, we used Nanopool to analyze the effect with easy setup and fixed price to speed up the mining time. I setup a server situated in Europe and of course also be aware when making new orders for set up according to the place of your pool.
On January 30, 2017, I place an order with a fixed way of speed 0.45 GH / s.
And after mining nearly 24 hours, in table showing the purchase order information.
And the outcomes of mining you can see in the table below end-use reference to Poloniex
Yes, as you can note the outcomes of mining I lost 17.69%. Due to the cost of ETH at the time of the beginning order and end fell by around 3%, yet, although the cost is same keep loss, I comprehend
We can see in the example below if ETH same price at the start order and ends.
Still loss even with the same price. I started to calculate
I counting the value of the cost of ETH to reach Break Even Point (BEP), and here is the illustration
Before beginning mining, likely think about the cost / GHS not to be overly hard to get the gain and when order. But based on my experience it may be reasoned that there are a few variables which could cause the outcomes of mining isn’t great.
In the event that you have great encounter when share please to me, If possible I wish to get another result from outsource