Thank you for laying that out for me. I am so confused when it comes to calculating the profits using processing power.According to our pool webpage 1 kh = .16 coins multiply that by the current price 2.95/coin, so no its not $2.35 per day. That required around 5.5kh rate.
Sounds like a good opportunity.That's true, it would certainly be nice for a service like Whattomine to track historical profitability of hardware on a graph. I can see why they don't though as it would be a bucket of cold water on many people's capital investment ideas...
I tried to mine xmr on one pool long ago and then discovered I had to mine a whole come before I could be paid.I can't remember which one it was.
Converting crypto to your local fiat currency is definitely a balancing act. Every time you make a transaction, you pay a fee (sometimes pretty hefty depending on the coin used). Move crypto from wallet to exchange, you pay a fee. Exchange from one coin to another, pay a fee. Etc.I tried to mine xmr on one pool long ago and then discovered I had to mine a whole come before I could be paid.I can't remember which one it was.
So I try this supporting pool which has minimum of .1 xmr payout, but it is taking my machines too long to make .1 xmr
Now after I get confused again by the vague and directions on the screen dated 2016 at miningpoolhub, it seems that one is counting up the xmr fairly, but wants to charge .012 fee to withdrawal, so the booby trap again.
1MH/s aeon is like $1.5M worth of Platinum 8180's excluding the servers, ram drives and power. If you're talking huge machines, moving by 1 MH/s takes a cluster of huge machines and $8-10K/mo in power for a small/ medium coin like Aeon.It would explain WHY every time I add a few more huge machines to mine, the rate magically appears to be reduced to the same end-of-week total, that I got the week before I added more expensive machines.
It doesn't take much to get 1kh aeon. i5-7600 or something similar would do the trick.I do not have a huge machine, this was my mistake. Huge for me, was over 1kh/s. If I had many clusters to go over 1mh/s, I am very certain mining to someone else's crypto-nut pool would probably be not as profitable as other options, like running it's own pool.
1kh/s to me is a large machine, and a small machine (to me) would be 500h/s.
Could be done for $200k with E5v2, all in. Would fill 7 full server racks, so probably $10k/mo in colo costs.1MH/s aeon is like $1.5M worth of Platinum 8180's excluding the servers, ram drives and power. If you're talking huge machines, moving by 1 MH/s takes a cluster of huge machines and $8-10K/mo in power for a small/ medium coin like Aeon.