Why I think this Crypto mining doesn’t work.
Posted: 10-Oct-2021 | 8:47AM · 3 Replies · Permalink
It seems when Ethereum goes up in value our Graphic cards keeping mining in the background and when we check to see how much our unpaid balance has progressed NOTHING! no changes in our unpaid balances and then when Ethereum goes down this crypto mining software starts working again but we are not getting paid the amount we should be paid when the market was up. I also want people to know I have lost 0.002 unpaid balance because support told me I had to make a new account but I would not lose my crypto not true I did lose it and I also lost up to 0.003 of crypto in transfer fees.
When I went to with drawl my $15.51 to transfer it to my Coinbase wallet, I was charged $10.00 to transfer leaving me with $4.51 after a week of mining. I was told that Norton only charges 15% and Coinbase charges the rest. Coinbase told me they only charge around $4.00 like the first two with drawls I had before.
Here are my experiences since I began mining September 1st
1. My first experience was September 1st Ethereum was at $3,340.00 I wrote down my unpaid balance as I always do, I mined all night and the next morning my unpaid balance never changed it was still the same it took 4 days to start working again I kept mining because I read in the forums that you would still accumulate your Ethereum and when it starts working you will get paid what you mined. Well Ethereum went up in those 4 days to $3,938.00 and my payout was $15.51 for 0.004003 so what happen to all the mining I did for those 4 days? Even with ETH being at $3,556.00 as I write this post on October 10th I should have been paid $18.77 for 0.004003 according to the Ethereum calculator. So at $3,938.00 I should have been a lot more then $15.51
2. This time on September 30th my unpaid balance was 0.001098, Ethereum was at $2,855.00 but on the morning of October 1st my unpaid balance was still again the same 0.001098 after mining all night and Ethereum began to rise again for the next 4 days on the morning of October 4th my balance finally changed to 0.002396137331 but stopped changing again for the next 2 days my computer kept mining and did not change until October 6th to 0.003546808757 but stayed the same until October 8th.
3. On October 8th my unpaid balance finally changed I went to bed around 10:30 pm and wrote down my unpaid balance of 0.004176680631 when I woke the next morning I checked my unpaid balance and it was still at 0.00417668031 but when I checked my log on my video card it was running all night. again here’s the coincidence Ethereum also had gone up from $3,356.00 the night before to $3,680.00 that morning and was rising all day. My unpaid balance was still the same no change and no deposit into my wallet all day. Here’s a strange thing my unpaid balance was only going to pay me 14.55 even though Ethereum was up to $3,588.00 so again this time I had a higher unpaid balance then before, Ethereum was higher and I was only going to be paid $14.55 for 0.004176680631
I use a Crypto calculator and put in my Video card, Hash Rate, Watts being used, and it lets me know how much I am to get paid per day and per week and I am not getting paid what I should be getting paid. I should be making $2.90 a day, $20.00 a week but I am only making 14.00 a week give or take it depends on the market for 0.004 ETH
I wrote this post not to discredit Crypto mining because when it works it works but when it’s down it’s down and I believe they are miscalculating payouts and fees. At this time I have shut down my mining SOFTWARE and will not use it again until I get paid my unpaid balance to my wallet and until they fix all the bugs I am sure in the near future they will have a productive product but for now I will be mining through another company and not renew my subscription.
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