TEACOINThis coin was apparently abandoned by the original dev team and picked up by the operator of Hobbyist Pool. The wallet there is the latest version, and at least part of the current node list below comes from the Home page of their Teacoin pool. It has been a profitable coin for us. Here is everything we know.
Wallet:https://github.com/Hobbyistpool/teacoinNodes:addnode=203.20.114.252:7921
addnode=coins.prohashing.com:6827
addnode=76.95.178.229:48666
addnode=91.121.221.92:7921
addnode=104.183.139.17:7921
addnode=50.225.198.67:33530
addnode=149.28.164.168:43628
addnode=76.95.178.229:58844
Explorer:https://prohashing.com/explorer/Teacoin/Markets/Exchanges:tradesatoshi.com - Teacoin trades regularly and well in at least four of five markets..
Mining Pools:You can still mine Teacoin at the pools below. The low difficulty makes it perfect for older or low difficulty miners. Stack them in the order below for best results.prohashing.com
hobbyistpool.ddns.net/tea/
Analysis:This is still a great coin for a few reasons. First of all, it is fairly stable. The pools listed above have been cranking away reliably for months at our mining farm, and though sometimes Teacoin will drop off the list at Prohashing.Com because of occasional radical price fluctuations, Hobbyist pool remains up when Prohashing.Com is down, making it the logical failover pool.
Prohashing automatically pays out at $1.00 worth of Teacoin. As stated above, whether it is mineable at Prohashing.Com is based on some price calculation at PH. It sometimes falls off the mineable coins list, so be sure to set a failover pool. We set our payout coin at PH to Teacoin and then mined high network difficulty stable coins. The result was large daily payouts of Teacoin. See "Strategy" below for more info on this.
Hobbyist Pool has a very low automatic payout at 200 Teacoin, and this can be a bit annoying if the pool difficulty is low and you are mining a shit ton of Teacoin. Also, it is a project pool, and they are very clear about that. We have not been able to send substantial hashrate to the site because it becomes overloaded. Finally, and this is IMPORTANT, do not use the feature in settings that allows you to turn off the threshold. According to a recent discussion with PH support, Teacoin has a lot of bad inputs, and so it can be difficult to make large payments as the inputs must be consolidated before payout can be effectively completed. When we turned automatic payments off and then attempted to manually withdraw a larger amount of Teacoin, Hobbyist Pool had some difficulty with it. Ergo, we recommend leaving unchanged the automatic payment suggested by the pool.
There are five markets available at TradeSatoshi. They are BTC, USDT, DOGE, ETH, and LTC. All but BTC trade fairly regularly, and ETH and LTC trade daily. BTC has no buy orders, but occasionally during price swings to the up side buys will be made for one satoshi each. We had no trouble perking up the price on this coin and always making more than the value listed at Prohashing.Com. See "Strategy" below for more information on this. Many low market cap or zombie coins at TS aren't even available on all five markets, and the fact that Teacoin is represented in all five speaks to it's stability.
There is one troubling consideration that is vital to note. Teacoin is kept alive by the market at TS and the pool at PH. If PH or TS delist Teacoin, the party is likely over. To truly stabilize Teacoin there needs to be at least one more dependable exchange and another pool capable of handling considerable small miner traffic. In our experience, if the coin isn't moving it's because it's down at Prohashing. Their volume completely drives this coin.
Strategy:The strategy for this coins is fairly straightforward. As stated above, we set our payout coin at PH to Teacoin, then mined high network difficulty stable coins, In doing so, PH exchanges the stable coins for Teacoin by buying them at TS. This drives the market. Go to your chosen market at TS and scan through the recent history for Teacoin. We like Doge for small market cap coins, but the choice is yours. Just about all of the buy orders will be from PH. Look at the price at which they have been buying and sell for that or slightly higher. That's it.
It is easy to twitch the market up and down on this coin because of the predictable relationship between PH and TS, however, be aware that PH sometimes stops buying if the price goes too high. We have assumed this is based on internal calculations at PH. Last week Teacoin was unavailable for days. When we sold a chunk of Teacoin at the going buy rate at TS, it suddenly came back up again and was available for mining. So it appears that some arbitrage in the form of shutting the coin down to avoid price spikes or a rise in overall value is in play at the one pool that entirely drives the market for this coin.
As stated above, the current state of Teacoin is this: if the circular relationship between TS and PH breaks down, this coin will fall flat. It needs more pools and at least one more exchange to really get fat. However, the upside is clear. Small hardware miners, and even some CPU/PU rigs, can take advantage of the low difficulty and regularity of this resurrected small market cap coin.
So go mine some Teacoin and sip the profits!
Strugmo - Prairie MIners
Cryptocurrency Research Mining
