The BTC you have paid, goes to miners that will do the mining on the pool for you. If you know the hash rate for each algorithm, you can enter it directly. Buying and setting graphics cards up is not enough to start mining.
In mining you have your Device Hashrate this is the hashing speed of your hardware then you have the "pool side hashrate" this is a hashrate that is calculated based off the number of shares you have submitted in a set amount of time 5 or 10 minutes with Nicehash , since shares are found randomly this number will be in constant flux and as such those estimates could go anywhere between Zero and double or triple your actual earnings.
My question was how come it shows locally how much work im doing is almost 1.
NextI knew they would take some sort of cut otherwise how would they run their site, profit, etc.
The pricing will not always correspond to the place where you live.
Otherwise, they will stay hungry. We get almost 4 blocks.
NextDoes Nicehash operate off of a 35 day calendar or what? The speeds it is reporting online are grossly inaccurate to what my rigs are actually showing the work that I am doing and I'm only getting about half of the payout the calculator estimates.
Luck is exactly what we mean here, because. If you have a smart electric meter you can run the computer idle and see how much you use, then start mining and see the jump in usage and calculate a rough idea of how much it will cost vs profits.
NextThese are your electricity expenses.
My cards are Nvidia EVGA FTW hybrids and overclocked to get maximum hash rates.
NextETH mining has a few things going against it.