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Topic: CoinChoose - alternative site to show respective profitability of the alt coins - page 64. (Read 150617 times)

legendary
Activity: 882
Merit: 1000
your page will be filled very soon, instead why not divide the page into two tabs, mainstream coins and experimental. It'll make your site look more professional and avoid this mess of coin skipping based on that data. If the coins are seperated like that it also makes it easier to use different methods to calculate profitability.

Well - do I do that to the API as well?  I have a litecoin parameter to the aPI to be based on litecoin functionality - maybe also have a "mainstream" flag,

I don't know how you did it in the first place but if you divide into two, you could theoretically make two requests (aPI) one from each tab, each asking for specific coins to display on it's tab.

hero member
Activity: 490
Merit: 500
It was due to the new API and now all coins are back.  However, I have been debating a bit what to do with Cryptsy - could I get a poll of whether I should continue to use the top price (as CoinWarz does) or weigh the prices a bit (as I am doing right now)?  Right now, I need the orders to add up to a set amount of BTC / LTC so that small blips can't throw off the price.  

Any additional thoughts?

If you read my previous post, you already know my opinion: if there's not enough bids to absorb the miner's production there's no point in a bid's rate.

What you could do is monitor the volume of trades for each coin on all exchanges and set a threshold based on that (ie: compute how much you'll get by selling 0.1% of the total trade volume for a week).

Coins with very long maturation times have higher risks too: in the end you only offer an instant snapshot and can't guess how much a miner will be able to sell matured coins.

Good idea.  Right now I do basically require enough for a block to count the trade (at least on Cryptsy), but that is a good additional thought
hero member
Activity: 896
Merit: 1000
It was due to the new API and now all coins are back.  However, I have been debating a bit what to do with Cryptsy - could I get a poll of whether I should continue to use the top price (as CoinWarz does) or weigh the prices a bit (as I am doing right now)?  Right now, I need the orders to add up to a set amount of BTC / LTC so that small blips can't throw off the price.  

Any additional thoughts?

If you read my previous post, you already know my opinion: if there's not enough bids to absorb the miner's production there's no point in a bid's rate.

What you could do is monitor the volume of trades for each coin on all exchanges and set a threshold based on that (ie: compute how much you'll get by selling 0.1% of the total trade volume for a week).

Coins with very long maturation times have higher risks too: in the end you only offer an instant snapshot and can't guess how much a miner will be able to sell matured coins for.
hero member
Activity: 490
Merit: 500
your page will be filled very soon, instead why not divide the page into two tabs, mainstream coins and experimental. It'll make your site look more professional and avoid this mess of coin skipping based on that data. If the coins are seperated like that it also makes it easier to use different methods to calculate profitability.

Well - do I do that to the API as well?  I have a litecoin parameter to the aPI to be based on litecoin functionality - maybe also have a "mainstream" flag,
legendary
Activity: 882
Merit: 1000
your page will be filled very soon, instead why not divide the page into two tabs, mainstream coins and experimental. It'll make your site look more professional and avoid this mess of coin skipping based on that data. If the coins are seperated like that it also makes it easier to use different methods to calculate profitability.
hero member
Activity: 490
Merit: 500
I really hope these coins don't come back, the community really needs to set some standards and discourage scam coins and I'd encourage sal002 to set standards for inclusion of a coin above the technical ability to scrap a price, but rather to limit CoinChoose to coins with dedicated development teams (as in more then one person) who can at the very least put out updates that incorporate BTC updates, no coin can possibly exist long-term without that.

I can fully understand the concern.  However, all CoinChoose is out is to present the data that is available today and let the users decide which coins to mine.  I try to give as much data as possible.

I do average Cryptsy prices for now to try to get a more accurate / conservative picture (after all, by the time you mine, part of the trades already occurred).
hero member
Activity: 490
Merit: 500
It was due to the new API and now all coins are back.  However, I have been debating a bit what to do with Cryptsy - could I get a poll of whether I should continue to use the top price (as CoinWarz does) or weigh the prices a bit (as I am doing right now)?  Right now, I need the orders to add up to a set amount of BTC / LTC so that small blips can't throw off the price.  

Any additional thoughts?
hero member
Activity: 896
Merit: 1000
I really hope these coins don't come back, the community really needs to set some standards and discourage scam coins and I'd encourage sal002 to set standards for inclusion of a coin above the technical ability to scrap a price, but rather to limit CoinChoose to coins with dedicated development teams (as in more then one person) who can at the very least put out updates that incorporate BTC updates, no coin can possibly exist long-term without that.

FWIW my own robots don't switch to a coin if there's no exchange with enough bids to sell 20 times my daily production at a profitability above any other coin.
I've not been left with coins to dump at prices a fraction of the advertised price when the miners switched since then.

You should study the rate of orphans too. Coins advertising "near instant payment confirmations" aren't viable at all. For example Worldcoin produces only 52% valid blocks for me.
I'm not entirely sure why some coins have such success too: Litecoin is only 55% as profitable for me as Bitcoin mining when you merge-mine Namecoin/Ixcoin/Devcoin. I'm a little below ideal scrypt profitability (one of my rigs runs Xubuntu 13.04 which I suspect is 15% less efficient on scrypt than 12.04) but even if I fixed this rig I can't even expect to reach 60% currently.
I suspect most people mining scrypt-based coins don't monitor their power consumption and compute its cost...

In the end unless these coins find any use that Bitcoin can't fulfill they are only good for speculation. Even Litecoin the largest of them which promised faster confirmations as an advantage isn't used for any service I know of that could not be (or isn't already) provided with Bitcoin.
hero member
Activity: 492
Merit: 500
Just use: Edit: It wasn't intentional so removed competitors link.

If removing all coins from cryptsy was intentional I don't understand that move.
sr. member
Activity: 826
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I really hope these coins don't come back, the community really needs to set some standards and discourage scam coins and I'd encourage sal002 to set standards for inclusion of a coin above the technical ability to scrap a price, but rather to limit CoinChoose to coins with dedicated development teams (as in more then one person) who can at the very least put out updates that incorporate BTC updates, no coin can possibly exist long-term without that.
full member
Activity: 448
Merit: 130
3D-Printing goes Blockchain!
All of the coins from Cryptsy disappeared, maybe they changed their API?

Yeah, I noticed that with coinchoose too.
newbie
Activity: 48
Merit: 0
All of the coins from Cryptsy disappeared, maybe they changed their API?
hero member
Activity: 490
Merit: 500
Good catch.  I have never figured out how to calculate or derive the NVC block reward except manually - I will update and then see if I can figure it out.
newbie
Activity: 47
Merit: 0
Perhaps is there an error with NVC block reward?

Code:
http://www.cryptocoinexplorer.com:6750/block/0000000000fb66d65fdd13ceaa100e456f9852edfbd80fd60d102d62a4b8da39

Abe logo Novacoin 24171
Proof of Work
10.47 Coins generated

Hash: 0000000000fb66d65fdd13ceaa100e456f9852edfbd80fd60d102d62a4b8da39
Previous Block: 00000000008ed2ce1c5917e581e9ac0fa9afcbaf74fe4e9ddb1be9792741d87e
Next Block: 4358bbd3ba7ce8a058825b6dfb482ca5e71c95a00365e1e0397a6319d8797767
Version: 5
Transaction Merkle Root: 2a9741228635d1b239b4dbc6289804450e53aeb7e143c348b58d91cfce228b5c
Time: 1370018737 (2013-05-31 16:45:37)
Difficulty: 185.24 (Bits: 1c0161ca)
Nonce: 2668186880
Transactions: 1
Value out: 10.47
Average Coin Age: 47.6413 days
Coin-days Destroyed: 0


and CoinChoose is showing 11.68

Code:

Novacoin scrypt 24176 186.589 11.68 0.032430000 BTC-e 98.69%

hero member
Activity: 490
Merit: 500
Those coins that are no only trading against LTC at Cryptsy have been moved to the Litecoin profitability chart.
hero member
Activity: 490
Merit: 500
I do have a minimum trade volume set for Cryptsy (right now at least 1 of the alt-coin).  I may bounce it up a bit - any suggestions?
member
Activity: 182
Merit: 10
I have nothing against Cryptsy itself, but they need to stop adding every coin that pops up...Coinchoose should also require a minimum trade volume to be considered
hero member
Activity: 490
Merit: 500
They just came back, thanks.

Coins are removed if no exchange and/or no open trades.  Cryptsy going down would trigger that. 

I am hoping for a culling at some point - Cryptsy? Smiley
newbie
Activity: 48
Merit: 0
They just came back, thanks.
legendary
Activity: 966
Merit: 1052
no more scamcoins on coinchoose.com  Cool

DGC is not a scam coin.
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