What are the factors that affect the difference between NiceHash local and actual mining earnings?

1 answers

• SummerCodaApr 25, 2024 · a year ago
  When 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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