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Topic: CoinChoose - alternative site to show respective profitability of the alt coins - page 60. (Read 150617 times)

hero member
Activity: 490
Merit: 500
How are you determining current block rates?  I assumed you were just taking the coins target block rate, the reality is usually quite different and quite dynamic, you'd need to average the last 20-30 blocks to get a good estimate.

That is why I said "sort of".  Working on the later Smiley
sr. member
Activity: 826
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
How are you determining current block rates?  I assumed you were just taking the coins target block rate, the reality is usually quite different and quite dynamic, you'd need to average the last 20-30 blocks to get a good estimate.
hero member
Activity: 490
Merit: 500
Calculate adjusted profitability by looking at the present hash rate and adjust for orphan blocks based on the block internal per the curve described earlier 5/block_interval_in_seconds.  All coins should have this adjustment including BTC which has been over target block times for some time now.

Coins running at very slow block rates would actually see their adjusted profitability increased (by a tiny amount) by this calculation and it would dynamically adjust as block rates change.

I sort of did that on the adjusted profitability column. 
sr. member
Activity: 826
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Calculate adjusted profitability by looking at the present hash rate and adjust for orphan blocks based on the block internal per the curve described earlier 5/block_interval_in_seconds.  All coins should have this adjustment including BTC which has been over target block times for some time now.

Coins running at very slow block rates would actually see their adjusted profitability increased (by a tiny amount) by this calculation and it would dynamically adjust as block rates change.
newbie
Activity: 39
Merit: 0
Great work. Donated like 0.012 BTC cuz am broke ¯\(°_o)/¯
sr. member
Activity: 840
Merit: 250
Thanks Sal.

Still doing more testing, but it looks like we are getting about 90% or more of estimated returns. We concluded the 60% number when the difficulty was at it's early phases. (hence a lot of variance, orphans, stales etc.)


thanks again

Perhaps 80% would be more fair or accurate for the additional column?
And glad to see the additional data on your site.
hero member
Activity: 490
Merit: 500
I am open as more analysis comes into play to adjust how I am universally applying this stale rate calc Smiley.  I shouldn't have halved the block reward, but I thought someone from WDC was telling me to do it Smiley
member
Activity: 84
Merit: 10
Thanks Sal.

Still doing more testing, but it looks like we are getting about 90% or more of estimated returns. We concluded the 60% number when the difficulty was at it's early phases. (hence a lot of variance, orphans, stales etc.)


thanks again
hero member
Activity: 490
Merit: 500
I added an "Adjusted Profitability" column that uses the stale rate calculation presented in the other thread to show a different calculation.  Users can pick which one they want to follow Smiley
hero member
Activity: 490
Merit: 500
The luckycoin block reward minimum is 88 coins.  You should factor in formula for the probability of hitting a higher reward into the profitability against BTC.   

I'd prefer not to.  I'd like to show a conservative estimation for the reward and, if I am not mistaken, 88 is what you are guaranteed to get at the low end.
sr. member
Activity: 325
Merit: 250
The luckycoin block reward minimum is 88 coins.  You should factor in formula for the probability of hitting a higher reward into the profitability against BTC.   
sr. member
Activity: 840
Merit: 250
We have been mining WDC at over 90% efficiency.
It's not a static 60% efficiency, it is based on the current network rate, which must be 400%x what it is now to achieve only 60% efficiency.

We have not had 60% efficiency since the first week of its release and everyone was mining it.

The calculation would have to be dynamic, and 40% off is way to dramatic to be a temporary adjustment.

And if this is the case, we must follow suit with other new coins that now show orphans since that their network rates are now higher.

http://dgc.p2pool.nl/stats/
http://wdc.p2pool.nl/stats/

I believe the only fair way to do this, would be to either temporarily adjust it more accurately and realistically (90%) or to code it using a dynamic calculation.
hero member
Activity: 490
Merit: 500
Is there a public, web accessible block explorer for AMC?
sr. member
Activity: 263
Merit: 250
I like helping people
Can you add AMC? Noticed it got added to cryptsy today.

I second this - M'erica, F Yea.
member
Activity: 111
Merit: 10
Can you add AMC? Noticed it got added to cryptsy today.
hero member
Activity: 798
Merit: 1000
‘Try to be nice’

lol let them find out the hard way ?

Sal should just take the numbers - maybe a general calulation on reject etc.

Explained the algorithm that seems to work across all low interval coins one page ago.

indeed sir you did , sorry for that oversight.
hero member
Activity: 896
Merit: 1000

lol let them find out the hard way ?

Sal should just take the numbers - maybe a general calulation on reject etc.

Explained the algorithm that seems to work across all low interval coins one page ago.
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
Well, there's a big difference in mining Worldcoin (which is currently at top of Coinchoose at 153 percent as of this post), and mining it under the same conditions but with that forum post taken into account, which means its actually 92 percent. In the one case, it makes sense to mine Worldcoin... in the other, its a gross misrepresentation to say something that's actually 92 percent profitable is 153 percent profitable.

(Not saying Sal is advocating one coin over another... just saying that if that's not taken into account in calculations, then coinchoose is really not showing the accurate facts and could be listing one coin at top that is more like #7 or 8 on the list in reality.) I know that _I_ would be pretty upset if I expected to make $10 for a job that was listed at 10 bucks, and when all was said and done, I got handed 6 bucks.

I don't think the "lol, let them find out the hard way" answer is really a productive one... thats what coinchoose is made for, so we are not each of us having to rediscover the wheel every 10 minutes minutes, having to manually go retrieve difficulties, pricing among multiple sites, and making our own matrixes. If we were all taking that same stance as you just took, digitalindustry, there would be no coinchoose.

Dam i feel like I’ve just been told.

And on reflection, you are correct, and I suppose my word is as good or bad as the next guys ..

and they are just trying to mine the most profitable currency –

 I’m looking to bring some consistency to nibble , I’m going to undertake the source of new small amounts of real investment capital, so hopefully there should be a consistent  rise .
 
but i guess my comment comes from the fact that i know WDC history , and it wasn't even meant to live this long , (and that's according to the actual devs) .

but once these things are in the wild they are out there !, wait until Bitcoin falls over when that dinosaur falls over then the fun begins !
hero member
Activity: 490
Merit: 500

WDC reward now adjusted to be 60 percent of what it is stated as.  I will look to see how I can validate this and/or apply to any other coin.
legendary
Activity: 954
Merit: 1000
Well, there's a big difference in mining Worldcoin (which is currently at top of Coinchoose at 153 percent as of this post), and mining it under the same conditions but with that forum post taken into account, which means its actually 92 percent. In the one case, it makes sense to mine Worldcoin... in the other, its a gross misrepresentation to say something that's actually 92 percent profitable is 153 percent profitable.

(Not saying Sal is advocating one coin over another... just saying that if that's not taken into account in calculations, then coinchoose is really not showing the accurate facts and could be listing one coin at top that is more like #7 or 8 on the list in reality.) I know that _I_ would be pretty upset if I expected to make $10 for a job that was listed at 10 bucks, and when all was said and done, I got handed 6 bucks.

I don't think the "lol, let them find out the hard way" answer is really a productive one... thats what coinchoose is made for, so we are not each of us having to rediscover the wheel every 10 minutes minutes, having to manually go retrieve difficulties, pricing among multiple sites, and making our own matrixes. If we were all taking that same stance as you just took, digitalindustry, there would be no coinchoose.
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