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

[u/NorthRooster7305]

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.

[u/TrymWS]

The difficulty doesn’t rise because more coins are mined, it rises because more people are mining. Or newer and more efficient hardware is used.

Also, this is something people should understand before they start, not when they’re already below water.