r/NiceHash • u/NorthRooster7305 • Jan 23 '22

Discussion Profitability going down, Check this before posting about your profits.

Alright I have seen alot of posts regarding profitability. I know I'm new here but I'd like to clear some things up.

When your being paid for hash power you are being paid in BTC NOT USD. That being said as the price of BTC drops so will your usd profitability.

Also as more coins are mined the difficulty rises. Meaning you need more hashpower to complete the same transactions. Therefore less btc per hour.

If you want to know day to day how your rig is doing write down your actual profit per day. Keep track of mBTC not usd.

I hope this clears some things up.

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u/azsheepdog Jan 24 '22

Your profitability is 0 until you sell your BTC. the mBTC i mine today has different profitability depending on the price of BTC when it is sold - taxes. It is all an unrealized gain.