What are the factors that affect the difference between NiceHash local and actual mining earnings?
Jain PuggaardDec 24, 2021 · 3 years ago1 answers
Can you explain the various factors that contribute to the disparity between the earnings displayed on NiceHash and the actual earnings from mining cryptocurrencies?
1 answers
- Dec 24, 2021 · 3 years agoWhen it comes to the difference between NiceHash local and actual mining earnings, there are a few key factors at play. NiceHash calculates earnings based on the current market prices of cryptocurrencies, which can be quite volatile. This means that the displayed earnings may not accurately reflect the actual earnings at the time of mining. Additionally, NiceHash charges a fee for their services, which can further reduce the earnings. Another factor to consider is the performance of the mining hardware. Factors such as the hashrate and efficiency can impact the actual earnings. Other factors that can affect the difference include network difficulty, electricity costs, and mining pool fees. It's important for miners to understand these factors and adjust their expectations accordingly.
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