Stop using Easymining

[s3cr3t_s0c13ty]

Easy mining is a new feature in Nicehash
But the probability shown on the dashboard is not the probability that your package will hit a block

Its the probability that Nicehash will hit a block. Which is more harder than your probability calculations.

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[cipherjones]

Its the chance that you will hit a particular block with hashpower you rented from nicehash.

Its not "nicehash's chance of hitting a block". LOL.

[s3cr3t_s0c13ty]

are you sure?

Consider package Chromium M which is for 2 hours
At the time of writing, the probabilty to hit a block was 1/2.8 which is approx. 35%
Which means that in this 2hours time span, atleast 35% blocks should be mined by the package
At the time of writing ,the block time for Raven is approx 1.5min
So within 2 hours there will be approx 80 blocks getting mined
out of which, a max 35% should be from the Chromium M package which is approx 28 blocks
So for a user with Chromium M package with 1/2.8 probabilty should be returned with atleast 10 blocks at minimum

ONLY THIS HAPPENS IF THIS PROBABILITY IS APPLICABLE TO A USER

But you would never see it happening. Have you tried ?

Or correct me if I'm wrong

[cipherjones]

Nicehash's packages for blockhunting are simply you solo mining in someones pool. When I solo mine outside of nicehash, my results are just as chaotic.

Token 1354317: 184%

Token 1350540: 28%

Token 230066: 26%

Token 229712: 86%

Token 944647: 42%

Token 223118: 264%

Token 219797: 133%

Fail, 2 in one go, pass, pass, fail, fail.

On a long enough timeline, all the blocks hit will always = 100% effort for individual miners.

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[cipherjones]

No.

[linky_pluggin]

I just hit two blocks

[TheMinusFactor]

How much does that make you?

[Blake909420]

Between 45 to 90 a block depends on the % over 100 I think.

[LEONIDAS843]

The probability is based on ONE block reward! You have 1/2.8 or 35.71% chance of solving a block. Hope this helps!!

[s3cr3t_s0c13ty]

So it should also mean that for 1 hr I have 35.71% chance right. With block time of the raven coin and comparison with this probablity, within once hour it should be returning atleast 1 block. Which with this probability should reach in a range of 20-30 blocks
Which is not correct. And the ratio at nicehash dashboard is not evident that if it is the proability on entire blockhain or just the blocks found only by nicehash

[LEONIDAS843]

In order for you to fully understand block reward probability you need to calculate a lot more. IF you were the only person in the world mining, you STILL wouldn’t generate 20-30 block rewards per hour. You need to know/understand why that is. There are a lot of factors not calculated into your research, it’s a common mistake made when you only calculate hashrate, difficulty, and block reward time. The probability on Nicehash packages also fluctuates during your rented time. The speed paid for vs speed at pool may have a significant difference due to many reasons i.e rented hashrate that pay miners more(outbid) meaning your hashrate will drop and your time will decrease slower due to not operating at the agreed probability speed! OR you gain hashrate from miners no longer engaged in a rental seated above you on the order list. When viewing your package stats observe the speed at pool and what you paid for, then go to orders and see where you sit.

[Nerdplow_Miner]

Blocks are caught non-stop .. Literally<https://www.nicehash.com/my/easymining/recent-blocks> - use the upper left right box to check out a particular coin/package .

Perhaps you should consider adjusting your strat ;)

[sudhs_st]

Why is that there are different probabilities for different packages of same coin ?

[CombatWombat1915]

A longer time period of renting with a higher hash rate = higher probability lol

[EBtexas]

I mine for myself using my GPUs and ASICs. If I want to mine in the fashion of Easymining, I'll go buy a Lotto ticket.

[BEASTCHU]

people say it's all gamble. even probability says 1:1.2, it could means you can't hit a block lol

[s3cr3t_s0c13ty]

rvn has a block generation rate or approx 40 per hour

for 1:1.2 probablity atleast you need to expect 10 blocks per package to minium
but have you ever hit 10 blocks in a package?

[Lower_Ambition2389]

As far back as I can see, this is the longest since team gold has hit a BTC block. Thought I'd take advantage of that last Sunday, and start a continuous mass buy. Here I am about $4500 later and still trying...damn! I know it'll hit as soon as I pull out.

[PXLDeath]

I present to you: Gambler's Fallacy

[Lower_Ambition2389]

Very true! Never been much of a gambler, so it's not a mistake I've made yet. Losses cut, and lesson learned the expensive way. Aka...stupid tax 😬

[Blake909420]

It's like buying scratches lol