Often, our users are confused by the projected pay rate and actual payment they receive. The fact is that nobody can tell the future and in order to check how much your rig makes on average, you need to check the past profitability and guess the future profitability based on that.

Note that the past profitability does not guarantee the future profitability. NiceHash is a hashpower marketplace and price of hashrate may vary from moment to moment.

In this short article, I will explain how to check the past average payrate on NiceHash to create an educated guess about the future profits.

How to check the past profitability of your rigs?

You can quite easily check the past pay rate by navigating to NiceHash Rig Manager and selecting History & Stats on the top middle part of the screen.

Scroll down a bit until you see the Mining History Stats graph.

Note: You can also check the profitability of one specific rig by navigating to the rig details by clicking on a rig name.

Mining History Stats graph has the same features on both rig details and History & Stats pages.

You can check the past payrate, accepted speeds, rejects and payments for all algorithms or each algorithm individually. To change the view from all algorithms, simply click on the orange text that says Showing stats for All Algorithms and select a preferred algorithm.

You can also change the currency used for displaying average daily payrate by clicking on the payrate number in the top left part of the graph. You can switch between FIAT and Bitcoin display.

To check the past average payrate for all of your rigs, change the 1W (1 week) time range and observe the average payrate for selected time range in the top left corner. This is your average payrate for the past week. Based on this data you can estimate the future profits or payrate. You can go even further and examine the payrate by days and compare one day to the next.

You can use a selector in the bottom of the graph and only select part of the total time range by click-and-dragging the slider left or right:

1. Select the first half of the past week and check the average payrate for this selected period. Remember the results.
2. Now move the slider to the second half of the week and remember the results.

If the average is increasing from the first to second half of the week, then you can expect the value to increase in the next couple of days also. If the average is decreasing, then you should expect slightly lower profits in the upcoming days also.

Note that future payrate will be more consistent with past payrate if the market is stable without many price and difficulty fluctuations. If the most mined coin’s price or difficulty will either increase or decrease in the future, you can expect increased or decreased profits.

Our profitability works in similar fashion. It analyses the past profits and tries to determine the future profits. You can read more about how NiceHash’s profitability calculator works here.

As always, feel free to join our Reddit page and Discord server!