How bad are Unmineable payouts?

[@ModernMiningHub]

If it was 5-8% might still be worth using every once in a while but at these fees I agree, not worth using. Thanks for the shoutout!

[@Way2fast4ya]

THANK GOD you did this, much needed video!

[@coinology2022]

Wow that is huge! I have my antminer L5 on unminable with RXD payouts. Great information, I’m going back to Scrypt!

[@ScarTalon]

Very happy you did this as I've used unmineable before and it felt like i was getting considerably less than what i should have been

[@brucekinguploads781]

Hello l have real btc mining app l can send you this app.

[@vishnukumark6757]

YES, UNMINEABLE gives less rewards only. Thank U for the video.

[@jgreat4785]

The best way to test this is to add one more step and that is the payout. You'd have to have two identical rigs running at the same time with the same oc's using the same miner and pool. One rig, you'd get your payout in whatever coin you were mining and then sell it and buy the coin you want. The other rig you'd let UM do it all that for you. If you could time it so that the payouts and trades happened at the same time, then you'd know for sure. I suspect that the discrepancy is related to the trading. They're making extra money and you're paying more at the trade level.

[@andresbonelli]

Of course. The problem here is the dishonesty of not telling the truth to their users. But is more than logical that an automated arbitrage service should charge more than 1%.. 10% will be fair.

[@jgreat4785]

@@andresbonelli I agree. It's deceptive and it seems like it's on purpose. "We only charge 1% mining fee" (plus the trading fees) That's true, but deceptive. Trading fees are nominal for most coins. It's nowhere near 8-10%. The typical miner would expect it to be a tiny number, because when we do it ourselves, that's what it is. It's pennies.

[@chefsas80]

Great video. Makes me want to understand how I can accurately calculate the dev fee whatever miner I'm using is taking, and whatever fee the pool is hitting me with. I know there are a few factors here, but I'd like to know how to gather the information and double-check. I feel like with the bull run coming up, I feel like there will be a lot of bad actors out there trying to scam people.

[@bogslurp3532]

Keep it up bro!

[@Riga_Crypto]

Good video! I hope they will start making amendments to their practices...

[@stephencicero]

you also have to consider the taxable event, using unmineable eliminates that

[@nielshellings8877]

I'm glad you did this video, it's Def not more profitable. Better off to mine a coin and sell it for another if that's your game. Glad you're speaking up about this! Too much shilling from other channels

[@arcrypto22]

I tried unmineable several times and came to the same conclusion. I get there should be a fee attached to the convenience. but as you stated, they should disclose what that actually is!

[@4drien545]

Glad you did this, was considering mining with my cpu rigs on unmineable. Just looking to be paid in btc for cpus. Would Nicehash be better?

[@briqhtlord]

nicehash not that bad,but shady.

[@forzaflyracer3473]

Outstanding video. Have you tried Zergpool at all? It would be nice to compare Unmineable vs Zergpool. I know Zpool used to do this too, but don't think they do anymore.

[@MineSum10]

Zergpool still owes me 500 Kaspa from a year ago

[@forzaflyracer3473]

@@MineSum10 lol, they haven't found any blocks. That's how I was grabbing all my Neoxa when it first came out. Eth was still alive and I was Solo mining there and had all my CPUs into pool there.

[@CurrynChipsMining]

I have 3 identical Cmp30 rigs. Will test them on 3 different pools from tomorrow

[@BắcKỳPhong-b3k]

which one the alternative for unmineable, can u teach me. i am new. if possible pls do video

[@henrymx]

Instead of an average 24$ per day would it better to look at the actual yield instead ? Once you have the actual yield and how many coins you mined then you can take the average price of the daily candle and multiply by yield, idk if it makes sense? But great video

[@nebilsos]

Do you have another way to mine crypto for beginners? I would appreciate it

[@Solarmining]

Try 3 similar rigs, use same Unmineable algorithm but point the rigs on different coins. The revenue changes dramatically depending on the payout currency.

[@Photog918]

I’ve used unminable to get LTC payments to Coinbase due to low gas fees. From there I usually take profits for power or covert to another coin. I didn’t want to get a new wallet every time a new coin comes out. I either have to swap on tradeogere or just hold the bag hoping it will pump and an exchange will someday support it. With unminable I can create a faux wallet for the flight sheet and mine whatever. It seems kinda like a catch 22. I’ve been torn on what to do lately for taking profits and buying coins. 🤦

[@alvydasjokubauskas2587]

Can you do it on raptorhash pool for reference

[@livestock3081]

would be interested in seeing one done on Zergpool in the future as well if possible

[@MineSum10]

Zero pool still owes me a 500 kaspa payout from a year ago.

[@rkwjunior2298]

I'd like to see a zergpool test. I think they deflate my hashrate. I Need to try a test.

[@doctorbootygood]

@@MineSum10 same, but 0.5 ETC from a year and a half

[@wowpservers]

It was never good I said once to be transparent with the token conversion cuz dayum I lost up to 30% sometimes and I’ve had my farm on tokens for weeks each

[@SuziNoto]

weird, i had this thought that i wasn't getting expected coin at the rate i was throwing at it... this all makes sense. id rather sell hash on nice for better rates..

[@reelpharaoh]

Ive been going crazy trying to figure this out. Im not sure if its a fee issue or if they are simply stealing from us. My hashrate will get up to speed and pay will start coming in and then all of a sudden, (sometimes after a few minutes and sometimes after hours) The payout starts decreasing while the hashrate stays stable. This fluctuation in pay with stable hashrate is the problem. Its almost like the payout has to ramp up like you just started the miner. This repeats over and over again causeing a decrease if profits. 😮 If anyone has found a solution please share.

[@whyme2500]

So what's your best Recommendation?

[@doublen_sz]

top !

[@blackmennewstyle]

It's always the same issue beautiful people :) You are trusting people who hide their code source so you will never be able to prove if those fees are real or not and if there is a discrepancy or not. It is 💯% their line of defense lol Have a great weekend ahead my brother 🙏🏽💪🏽

[@thebendyspoon2087]

Are there any other sites similar to unminable that don’t have dodgy hidden fees?

[@MineSum10]

They all have fees unfortunately. Zergpool is another option.

[@andrewfurfaro5326]

Damn it I just starting using it to stack Rxd by mining pyrin

[@timl2665]

I had suspected I was getting far less than I should have from unminable as well. Unfortunate they are not transparent about it.

[@LlamaPony]

yep noticed this, this is why i tried mining into IRON whilst it is going down in price ( past few days ), I was mining PYI into IRON as IRON keeps dipping, whilst pyi kept rising at my night times, during the day it got reversed and basically mined 2 iron in 24h across 5 days ( the off times where mining PYI from an actuall pyi pool ), also i think unmineable is pplns?

[@LlamaPony]

id say its great if the target coin dumps while you mine into it with a coin busy pumping. but normally i agree and not getting what im supposed to

[@LlamaPony]

lets say the target dumps 20% and the source coin you mine with pumps 100%, that annoying fee gets obblitirated kinda via coin volitility

[@Rico0333]

I never understood Unmineable. It takes a few minutes to trade into the coin you want in the exchanges.

[@propeldragon]

Taxable event, that's why.

[@Rico0333]

@@propeldragon trading coins isn’t a taxable event. Trading into USD is.

[@propeldragon]

@@Rico0333 Wrong. If money moves, it's taxed.

[@TheCryptoMiner]

I dont want to ever see another video saying you can mine btc with gpus.. on unmineable, or ltc, or eth.. whatever.

[@sadiesometimes1141]

More great work looking out for home miners! Really appreciate you staying sponsor free and credible. Stay awesome 🙂💯🥂 #FinleyCameoWen?

[@CharlyDom]

In my case, it took me about 2 hours to find out

[@jamesscott3022]

You can set it to 0% so I don’t no what the issue is

[@Low-fi360]

It looks like if you run a referal code. It will be worth it.

[@4x4rides]

unmineable is really slow on payouts and they must be taking half of your crypto mined...

[@kylerosa7352]

Convenient for everyones wallet but your wallet .

[@leyenpunaycoyoca]

hi, can i ask help how to EARN ONLINE without investment? thank you very much.

[@alvydasjokubauskas2587]

They are proxying from another pool which means they also pay a pool fee.

[@jamesscott3022]

This means nothing soon you will have a account that you can set your own payout Do you want unmineable to not get money they made me money stop moaning

[@andrewjones198]

Unmineable is a scam if there ever was one.

[@Element_115_]

You lack the knowledge of work/calculations contributed that were solved & accepted to the pool & if you had any contributed but rejected because someone else solved that same computation faster & submitted it to the pool prior to your miner submitting it. This will lower your contribution per block & if you pool itself found a block or not. This is a simple block chain 101 & you completely missed the mark remember unminable is based upon BTC so you contribute to their network of pool mining BTC they then reward you in the coin you are "mining" for it has a bunch of variables in it & by no means am I speaking for Unmineable but you completely missed the concept & understanding of how it works.

[@MineSum10]

I do understand how work/calculations and how rejected vs submitted shares work and var dif, etc. I didn't "miss the concept". The point of the video is to compare their payouts vs the alternatives and the data is sound. You're just wanting to interject your thoughts, which is fine and I encourage. But I think you "missed the concept"

[@Element_115_]

​@MineSum10 Nah, see, that is where you are wrong. You used two different methods to calculate your theoretical daily payout in a 24-hour period, thoes calculators are not taking into account the actual work performed by your miner & submitted shares & accepted shares to the poll/network. Thoes calculations are based upon your input of the information you provide & it spits out a theoretical x amount per day/week/month/year if every single share was accepted or rejected. There are other factors involved as well as network & internet latency with submission of the shares submitted. Most likely what you are acutely seeing is that Unmineable is paying out what they are saying they will pay out but it is all based upon how productive your miner was doing during the block that was awarded to the pool. These are the types of questions that should be asked to Unminable & you can get a more well rounded understanding of what you are trying to communicate in your video, this is also what alot of miners do not understand & or thinking of when using a pool. You only get paid out by the work performed based upon the shares contributed during the block. So again you missed the point on the video not based upon your lack of knowledge but your willingness to think inside the box based upon calculations done that are theoretical if everything was in a perfect setting & the hardware preformed flawlessly.

[@MineSum10]

@@Element_115_ Of course all those things matter, but at the end of the day Unmineable always pays less, about 15-20% less. That is the point of the video. You can keep on and on but that is an irrefutable fact until you make your own video and prove otherwise. And I have talked to unmineable. And they explained the low rewards were due to the exchange system they used, and that they were going to make changes to that system. Not sure if they ever did though.

[@alfiethefeline3311]

i find unminable too complecated so never really get in to it. But if you mining a coin and you are directly changing that everyday to bitcoin you are playing this game very wrong. This aint no more eth mining. Things can go up 10 X in a day or night. Keeping the alt coins do bring more money then bitcoin ever can bring to a small miner. I mean imagine you were mining pyrin early days and just daily keep getting bitcoin. you would have really be dissapointed of your humanity and brain. The same goes with kaspa, i have seen many many many ETH miners(i call them Ethereum miners as they dont understand GPU mining) mining Kaspa on nicehash and unminable getting paid bitcoin, when kaspa was 0.002$. I want to see their stupid faces now.

[@jgreat4785]

I agree with this idea. BTC is the safe investment, when you buy it at the start of the bear market, like when it retreated to $18,000 this time. THEN you let that ride up to it's new ATH for the NEXT bear market.

[@critten9]

was the results similar to nicehash?

[@midnghtmrauder4229]

As bad as unmineable is I still find it to pay out more then Nicehash

[@areutryingitout5678]

Yea, but Nicehash is somewhat upfront about what they are going to pay you atleast. I always thought unmineable was 1%, until I seen a video awhile back by either red panda or rabid showing different.

[@ertted1295]

not defending unminable at all. but a couple of things i dont think you accounted for in this test. first most likely the exchanges used by unminable are different then what hashrate.no is using to collect there data. so that could be a couple of % difference for the good or bad. also i have seen hashrate.no can take hours to fully update there stats on a coin. also the yielding tends to be down right bad at times with hashrat.no too. i have seen some of the yeilds on cpu coins be off by a couple thousand at times and with rxd it at times reports a couple hundred more then what is really getting and i was on vipor. with more hash than what hashrate says. i think there problem is they dont have yields and diff and price synced up when pulling the data to be honest even rabid and panda have stated this. so with that will throw off your numbers. maybe do another test but also add in the stats from what to mine just as another data point.

[@rkwjunior2298]

People have done the testing in the past. Its a known fact they payout less. I've mined it plenty if times and it's an obvious difference

[@ertted1295]

@@rkwjunior2298 i dont disagree with you at all. but what i was stating hashrate.no is not perfect either. and with that will cause the numbers to look even worse. just in any type of testing there should have been more data from other calcs used. then it would also show the differance in the calcs and the amount that should have gotten. and then shown the adverge from all the calcs used. it would give a more realistic pic. im on hashrate.no all the time and see when the data is not messing right. as it lags on intergrating current info when you go and check on coins. by a couple of hours at times. and having that much lag could really affect payout calculations on hashrate.no thus messing with jakes over all numbers. but yes over all unminable does take way more and is not clear and they have it set this way for lazy and uneducated people to skim more money from them

[@seandavis4735]

@@rkwjunior2298the Rxd I’m mining through unmineable is about 5-8% off from whattomine for the coin I should be mining directly. Eth fees could definitely eaten into daily profits.🤷🏽