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2miners and Me


To start I've been mining, for the most part, since late October of 2021. Since this time I've used a couple different pools, f2pool and 2miners to be specific.

Through the various mining software and pools, I ended up mining RVN, FIRO, ETH, and have folded proteins for medical research (and Banano). About a month ago I switched back to mining Ethereum on 2miners.com.

This morning, 2miners announced via twitter that they were increasing the amount of "PPLNS" - or Paid Per Last Number of Shares. What this means, specifically for smaller miners is that instead of getting bigger rewards for a smaller amount of blocks, you'll be getting rewarded more often as more of your shares will be counted, although the reward will be a smaller amount.

What does this mean? For starters, the amount of shares you submitted will mean a little more and you'll see rewards, more often. This doesn't necessarily mean you're getting more, but being able to participate in more blocks, more often can definitely increase your profits.

For example:

Before the change, I was averaging .000007 -.00005 ETH per hour. Getting shares of blocks of about .0003%-.0014%, or ETH rewards of .000003 to .000014.

After the change, I'm averaging on the higher ends of .00002, and more consistently. My average daily profit, although it can sway heavily depending on a few factors, increased from about 0.00065 to about 0.001 ETH. Although I'm getting smaller rewards for the shares that I've submitted, the amount of them is definitely offsetting the difference.

Again these factors can change heavily depending on hashrates to the pool, under/overclocking your GPU, and more - but at present, the way the rewards were restructured here is definitely a boon. If you were weary of mining ETH before, the rewards from the mining pool on 2miners should help alleviate some of those fears, especially for small, single GPU miners such as myself.

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AskingAndQuestioning
AskingAndQuestioning

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