Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 93. (Read 81547 times)

Quote from: MagicSmoker on May 25, 2018, 06:52:32 AM

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

The auto-convert pools suffer from a fatal flaw in my experience: they have you mine the coin that is most profitable right now but convert it to BTC (or whatever coin you selected) hours to days later. If the coin was only temporarily the most profitable because a pump was underway only to be dumped, as usually occurs, then a massive percentage of your earnings get wiped out.

Yup, exactly.
I kept trying for months to extract more profit out of Zpool, ahashpool and Zergpool... but to no avail. The result at the end of the day would always be noticeably lower than the expectation.

I even actually suggested to Nemo to build a radically different miner. Instead of mining what looks to be most profitable "right now", the miner should be trying the opposite strategy: start switching to the coin when the diff is at intraday highs, mine it all the way while diff is falling back down... and sell/exchange when the large pools start mining said coins again.

I've now switched my 1080's to NH. Feels a bit like defeat... but as they say, "if you can't beat them..."

My AMD rigs are solidly mining a single coin. At least, with AMD you know what you're good at. That's EThash and CN (+forks). You just have to pick the coin.

rs1x

full member

Activity: 284

Merit: 102

Quote from: grchina on May 25, 2018, 03:53:06 AM

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

The auto-convert pools suffer from a fatal flaw in my experience: they have you mine the coin that is most profitable right now but convert it to BTC (or whatever coin you selected) hours to days later. If the coin was only temporarily the most profitable because a pump was underway only to be dumped, as usually occurs, then a massive percentage of your earnings get wiped out.

I did comparison tests between various auto-convert pools and NiceHash with matched 1080 rigs on each and every single day I earned more on NH; some days it was 10% more, but most days it was 20-30% more (net of fees, but taking advantage of the free transfer from NH to CoinBase).

I had much better results on Zpool by simply choosing a single algo and auto-converting to a coin that used that algo; in those cases I generally made exactly what my hashrate predicted if I had mined the auto-convert coin directly (note that the implied goal here is to make more than direct mining, otherwise what's the point?).

YMMV, and I can't claim exhaustive experience like most of the participants in this thread series, but after 2 months of dicking around with NH and the various auto-convert pools I went back to mining single coins.

great response - i provided you merit.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Dont know if anyone saw or posted this since you guys are discussing about asics thought that you mind find this interesting,7nm btc asic
https://news.bitcoin.com/japans-internet-giant-gmo-launch-7nm-bitcoin-miner-june/

no big deal. unless it is a 0.05 watt miner doing 1200 watts and 24th for only 1500 usd. With the ability to sell 10s of thousands of them.

that would be a big deal.

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: citronick on May 25, 2018, 12:55:41 AM

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

The auto-convert pools suffer from a fatal flaw in my experience: they have you mine the coin that is most profitable right now but convert it to BTC (or whatever coin you selected) hours to days later. If the coin was only temporarily the most profitable because a pump was underway only to be dumped, as usually occurs, then a massive percentage of your earnings get wiped out.

I did comparison tests between various auto-convert pools and NiceHash with matched 1080 rigs on each and every single day I earned more on NH; some days it was 10% more, but most days it was 20-30% more (net of fees, but taking advantage of the free transfer from NH to CoinBase).

I had much better results on Zpool by simply choosing a single algo and auto-converting to a coin that used that algo; in those cases I generally made exactly what my hashrate predicted if I had mined the auto-convert coin directly (note that the implied goal here is to make more than direct mining, otherwise what's the point?).

YMMV, and I can't claim exhaustive experience like most of the participants in this thread series, but after 2 months of dicking around with NH and the various auto-convert pools I went back to mining single coins.

grchina

sr. member

Activity: 476

Merit: 278

Dont know if anyone saw or posted this since you guys are discussing about asics thought that you mind find this interesting,7nm btc asic
https://news.bitcoin.com/japans-internet-giant-gmo-launch-7nm-bitcoin-miner-june/

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: rs1x on May 24, 2018, 09:02:51 PM

Quote from: citronick on May 24, 2018, 08:18:52 PM

Quote from: rs1x on May 24, 2018, 09:02:51 PM

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

I have used all of the above pools and more, still using NH for some rigs, over last 3 years.

After all of that, I settled for Prohashing.com

I have consolidated 21GHs of Scrypt, 110TH of SHA256, 350GHs of D3s and 30% of the NVIDIA farm to send Equihash hash to Prohashing.com

From there, I get/select 4 coins to 4 address portioned 30%, 30%, 30% and 10%

The 4 coins that I selected currently are BTC, ETH, LTC and DeepOnion.

Previously, I selected only 2 coins at 50% each but decided to also collect a few gems in the Prohashing.com list (that includes Ripple, ZEN, etc.)

I am tired of chasing ASICs and getting into the GPU vs ASICs dilemma - so I buy all the ASICs and GPUs needed when price is right, and just point them to Prohashing.com

Is it fair to say you're using Prohashing because of their powerful payout mechanism? Or do you think for a smaller miner, their payouts are on par or better than ZPOOL and ahashpool?

I am also experimenting with Prohashing. I like it. I don't like that there was some sort of an outage yesterday, I don't think it was a long one, but some of my stuff failed over to the second pool configured.

Usually, compensation is paid out during outtage, at Prohashing.
Just ensure your failover pools are active.

Depending on your strategy:

IMHO

For small miners and looking for ease of use = Nicehash (with stable & regular payouts to BTC only)

Thank you very much. As Elder says I appreciate your opinion and input a lot.

Sometimes chasing that perfect fit for our mining hardware doesn't give us the best result long term.

What is more important is the ROI period of our investments, so that we are able to stay in the game.

Therefore, some form of strategy to select the best GPU or ASIC for the best algo must be a primary strategy.

I hope more miners, esp new comers begin to identify a good clear strategy before taking the plunge because mining vs trading vs investing are clearly 3 different options. A 10k investment on a 8 x 1080ti Rig for example deliver a different outcome, compared to taking that 10k and buy BTC at crypto exchange -- and sell when high, buy when low.

my current strategy is all Gpu, been buying more 1070ti and 1070s at last years msp

i will mine the hell out of raven pigioen, reden and proton and maybe loki using a private
pool so we get lots of extra blocks rather than pool mining.

that is possibl for small farms since the x16 algos have not been contaminated by asics yet

this time we wil be holding our coins tho.

this same grp mined 8k ethereum back in 2015 but none of us held

not going to make that mistake again.

I advise you guys to join smaller pools and do the same, thats how we mined so much ethereum back in 2016
fr

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

Quote from: citronick on May 24, 2018, 08:18:52 PM

Quote from: citronick on May 24, 2018, 08:18:52 PM

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

I have used all of the above pools and more, still using NH for some rigs, over last 3 years.

After all of that, I settled for Prohashing.com

I have consolidated 21GHs of Scrypt, 110TH of SHA256, 350GHs of D3s and 30% of the NVIDIA farm to send Equihash hash to Prohashing.com

From there, I get/select 4 coins to 4 address portioned 30%, 30%, 30% and 10%

The 4 coins that I selected currently are BTC, ETH, LTC and DeepOnion.

Previously, I selected only 2 coins at 50% each but decided to also collect a few gems in the Prohashing.com list (that includes Ripple, ZEN, etc.)

I am tired of chasing ASICs and getting into the GPU vs ASICs dilemma - so I buy all the ASICs and GPUs needed when price is right, and just point them to Prohashing.com

Is it fair to say you're using Prohashing because of their powerful payout mechanism? Or do you think for a smaller miner, their payouts are on par or better than ZPOOL and ahashpool?

I am also experimenting with Prohashing. I like it. I don't like that there was some sort of an outage yesterday, I don't think it was a long one, but some of my stuff failed over to the second pool configured.

Usually, compensation is paid out during outtage, at Prohashing.
Just ensure your failover pools are active.

Depending on your strategy:

IMHO

For small miners and looking for ease of use = Nicehash (with stable & regular payouts to BTC only)

Thank you very much. As Elder says I appreciate your opinion and input a lot.

Sometimes chasing that perfect fit for our mining hardware doesn't give us the best result long term.

What is more important is the ROI period of our investments, so that we are able to stay in the game.

Therefore, some form of strategy to select the best GPU or ASIC for the best algo must be a primary strategy.

I hope more miners, esp new comers begin to identify a good clear strategy before taking the plunge because mining vs trading vs investing are clearly 3 different options. A 10k investment on a 8 x 1080ti Rig for example deliver a different outcome, compared to taking that 10k and buy BTC at crypto exchange -- and sell when high, buy when low.

rs1x

full member

Activity: 284

Merit: 102

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

I have used all of the above pools and more, still using NH for some rigs, over last 3 years.

After all of that, I settled for Prohashing.com

I have consolidated 21GHs of Scrypt, 110TH of SHA256, 350GHs of D3s and 30% of the NVIDIA farm to send Equihash hash to Prohashing.com

From there, I get/select 4 coins to 4 address portioned 30%, 30%, 30% and 10%

The 4 coins that I selected currently are BTC, ETH, LTC and DeepOnion.

Previously, I selected only 2 coins at 50% each but decided to also collect a few gems in the Prohashing.com list (that includes Ripple, ZEN, etc.)

I am tired of chasing ASICs and getting into the GPU vs ASICs dilemma - so I buy all the ASICs and GPUs needed when price is right, and just point them to Prohashing.com

Is it fair to say you're using Prohashing because of their powerful payout mechanism? Or do you think for a smaller miner, their payouts are on par or better than ZPOOL and ahashpool?

I am also experimenting with Prohashing. I like it. I don't like that there was some sort of an outage yesterday, I don't think it was a long one, but some of my stuff failed over to the second pool configured.

Usually, compensation is paid out during outtage, at Prohashing.
Just ensure your failover pools are active.

Depending on your strategy:

IMHO

For small miners and looking for ease of use = Nicehash (with stable & regular payouts to BTC only)

Thank you very much. As Elder says I appreciate your opinion and input a lot.

Elder III

sr. member

Activity: 1246

Merit: 274

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

\

The 4 coins that I selected currently are BTC, ETH, LTC and DeepOnion.

You're someone that knows there stuff and I respect your opinion/insight when it comes to mining. I was curious as to why you have DeepOnion in that list? I have thought of it as a shady sh*tcoin but I'd be happy to hear your thoughts on it.

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

I have used all of the above pools and more, still using NH for some rigs, over last 3 years.

After all of that, I settled for Prohashing.com

I have consolidated 21GHs of Scrypt, 110TH of SHA256, 350GHs of D3s and 30% of the NVIDIA farm to send Equihash hash to Prohashing.com

From there, I get/select 4 coins to 4 address portioned 30%, 30%, 30% and 10%

The 4 coins that I selected currently are BTC, ETH, LTC and DeepOnion.

Previously, I selected only 2 coins at 50% each but decided to also collect a few gems in the Prohashing.com list (that includes Ripple, ZEN, etc.)

I am tired of chasing ASICs and getting into the GPU vs ASICs dilemma - so I buy all the ASICs and GPUs needed when price is right, and just point them to Prohashing.com

Is it fair to say you're using Prohashing because of their powerful payout mechanism? Or do you think for a smaller miner, their payouts are on par or better than ZPOOL and ahashpool?

I am also experimenting with Prohashing. I like it. I don't like that there was some sort of an outage yesterday, I don't think it was a long one, but some of my stuff failed over to the second pool configured.

Usually, compensation is paid out during outtage, at Prohashing.
Just ensure your failover pools are active.

Depending on your strategy:

IMHO

For small miners and looking for ease of use = Nicehash (with stable & regular payouts to BTC only)

rs1x

full member

Activity: 284

Merit: 102

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

I have used all of the above pools and more, still using NH for some rigs, over last 3 years.

After all of that, I settled for Prohashing.com

I have consolidated 21GHs of Scrypt, 110TH of SHA256, 350GHs of D3s and 30% of the NVIDIA farm to send Equihash hash to Prohashing.com

From there, I get/select 4 coins to 4 address portioned 30%, 30%, 30% and 10%

The 4 coins that I selected currently are BTC, ETH, LTC and DeepOnion.

Previously, I selected only 2 coins at 50% each but decided to also collect a few gems in the Prohashing.com list (that includes Ripple, ZEN, etc.)

I am tired of chasing ASICs and getting into the GPU vs ASICs dilemma - so I buy all the ASICs and GPUs needed when price is right, and just point them to Prohashing.com

Is it fair to say you're using Prohashing because of their powerful payout mechanism? Or do you think for a smaller miner, their payouts are on par or better than ZPOOL and ahashpool?

I am also experimenting with Prohashing. I like it. I don't like that there was some sort of an outage yesterday, I don't think it was a long one, but some of my stuff failed over to the second pool configured.

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

anyone have experience or preference between the pools where you can point all types of hash power and get payout in BTC?

such as

zpool
ahashpool

i have a bunch of 1080TI cards and some L3's i want to pull together to get BTC payout. I started at Ahashpool, and switched over to zpool. I think I had better experience at ahashpool - curious if anyone has any input.

I have used all of the above pools and more, still using NH for some rigs, over last 3 years.

After all of that, I settled for Prohashing.com

I have consolidated 21GHs of Scrypt, 110TH of SHA256, 350GHs of D3s and 30% of the NVIDIA farm to send Equihash hash to Prohashing.com

From there, I get/select 4 coins to 4 address portioned 30%, 30%, 30% and 10%

The 4 coins that I selected currently are BTC, ETH, LTC and DeepOnion.

Previously, I selected only 2 coins at 50% each but decided to also collect a few gems in the Prohashing.com list (that includes Ripple, ZEN, etc.)

I am tired of chasing ASICs and getting into the GPU vs ASICs dilemma - so I buy all the ASICs and GPUs needed when price is right, and just point them to Prohashing.com

DesertMiner

jr. member

Activity: 60

Merit: 3