Topic: CoinChoose - alternative site to show respective profitability of the alt coins - page 69. (Read 150624 times)
May 20, 2013, 11:36:21 PM
Why isn't YACoin on the list?
May 20, 2013, 10:11:38 PM
Can you remove Cryptsy as a source for valuing currency? It's so out of whack right now, it's not even funny. The buy orders are a compete joke, just people hoping other people will sell buy accident, and they sell orders, are inacurate. It's throwing your profit %, out of whack. Keep an eye on it, maybe, but right now, it's a complete joke.
Or, atleast remove it for everything, except RYC, since it's the only exchange to carry the fail coin
Or, atleast remove it for everything, except RYC, since it's the only exchange to carry the fail coin
I noticed the quotes I was pulling from are inaccurate as well - so, done. Removed for all but RYC.
May 20, 2013, 09:54:59 PM
Can you remove Cryptsy as a source for valuing currency? It's so out of whack right now, it's not even funny. The buy orders are a compete joke, just people hoping other people will sell buy accident, and they sell orders, are inacurate. It's throwing your profit %, out of whack. Keep an eye on it, maybe, but right now, it's a complete joke.
Or, atleast remove it for everything, except RYC, since it's the only exchange to carry the fail coin
Or, atleast remove it for everything, except RYC, since it's the only exchange to carry the fail coin
May 20, 2013, 08:56:30 PM
Just in case one day people want to look at a similar chart, but with LTC as the base, look here - http://www.coinchoose.com/litecoin.php
I even added a litecoin api call - http://www.coinchoose.com/api.php?base=ltc
I even added a litecoin api call - http://www.coinchoose.com/api.php?base=ltc
May 20, 2013, 07:10:59 PM
May 20, 2013, 07:05:35 PM
Fixed. Sorry about that (my fault).
May 20, 2013, 06:56:57 PM
what source are you using for Worldcoin difficulty?
Using the Worldcoin block explorer that was presented earlier. Right now switching to local as that one is broken.
May 20, 2013, 06:47:57 PM
dif is wrong there it should be 8.1 atm. maybe its not updated yet
Indeed! It would be nice if it were fixed soon.
May 20, 2013, 06:46:01 PM
dif is wrong there it should be 8.1 atm. maybe its not updated yet
May 20, 2013, 06:42:57 PM
what source are you using for Worldcoin difficulty?
May 20, 2013, 03:19:37 PM
Just a smal question to the author, how do you calculate profitability of a coin using the difficulty value? I.e. how long does it take to find a block for a given difficulty, so I can calculate the number of coins according to the current block reward.
I'm not really interested in profitability against bitcoin but in coins/day for coins not listed in an exchange yet.
Thanks a bunch!
I'm not really interested in profitability against bitcoin but in coins/day for coins not listed in an exchange yet.
Thanks a bunch!
Hello - for your specific question "how long does it take to find a block for a given difficulty?" - time = difficulty * 2**32 / hashrate. I think CoinWarz has a calc up for the non-exchange coins, as they don't yet fit on my sheet, but that is the general calc.
As far as how I calc the profitability - basically a comparison of the difficulty between the alt coin and BTC, look at the different block rewards and then see what it takes to convert to BTC. If better than mining BTC alone, then it has a profitability greater than 100%.
60*60*24 / (diff * 2^32) / 330,000 = no. of shares in a day
So this way I can calculate how many shares I can get in a day for a given difficulty, and then multiply these shares for the block reward.
Thanks!
May 20, 2013, 02:08:55 PM
Just a smal question to the author, how do you calculate profitability of a coin using the difficulty value? I.e. how long does it take to find a block for a given difficulty, so I can calculate the number of coins according to the current block reward.
I'm not really interested in profitability against bitcoin but in coins/day for coins not listed in an exchange yet.
Thanks a bunch!
I'm not really interested in profitability against bitcoin but in coins/day for coins not listed in an exchange yet.
Thanks a bunch!
Hello - for your specific question "how long does it take to find a block for a given difficulty?" - time = difficulty * 2**32 / hashrate. I think CoinWarz has a calc up for the non-exchange coins, as they don't yet fit on my sheet, but that is the general calc.
As far as how I calc the profitability - basically a comparison of the difficulty between the alt coin and BTC, look at the different block rewards and then see what it takes to convert to BTC. If better than mining BTC alone, then it has a profitability greater than 100%.
May 20, 2013, 02:03:21 PM
Just a smal question to the author, how do you calculate profitability of a coin using the difficulty value? I.e. how long does it take to find a block for a given difficulty, so I can calculate the number of coins according to the current block reward.
I'm not really interested in profitability against bitcoin but in coins/day for coins not listed in an exchange yet.
Thanks a bunch!
I'm not really interested in profitability against bitcoin but in coins/day for coins not listed in an exchange yet.
Thanks a bunch!
May 20, 2013, 07:56:46 AM
will you be adding cryptsy.com prices once it launches?
Leave that fake exchange out of this. It's where failed alt coins, will go to die
lol whatever
Yeah, what am I thinking. I'm sure once RYC, Franko and PWC start trading here, the real exchanges will then be eager to pick them up
Exchanges make money skimming on our trades they don't care what the coin trades at just so long as it trades if there is an exchange that carries coins that yours doesn't that makes it easier then they lose volume and they will pick it up. RYC has a decent following still and I cant say for sure but the fact MCXnow picked up WDC hours before the cryptsy launch probably isn't a coincidence.
It doesn't have PWC, that adds some credibility in my books. I'll certainly keep an eye on it, but I can't see people switching to yet another exchange. I think you'll see volume, in the other currencies other exchanges don't want, and that will probably be a whole lot of sell orders, wth very few buy orders
May 20, 2013, 07:32:44 AM
will you be adding cryptsy.com prices once it launches?
Leave that fake exchange out of this. It's where failed alt coins, will go to die
lol whatever
Yeah, what am I thinking. I'm sure once RYC, Franko and PWC start trading here, the real exchanges will then be eager to pick them up
Exchanges make money skimming on our trades they don't care what the coin trades at just so long as it trades if there is an exchange that carries coins that yours doesn't that makes it easier then they lose volume and they will pick it up. RYC has a decent following still and I cant say for sure but the fact MCXnow picked up WDC hours before the cryptsy launch probably isn't a coincidence.
May 20, 2013, 07:31:59 AM
Added.
The profitability is even much bigger because the block reward is 50 and not 32
nope its 32
Ups sorry my fault, I mixed it with nibble. Shame on me! Its 32, you're right...
May 20, 2013, 07:30:41 AM
Added.
The profitability is even much bigger because the block reward is 50 and not 32
nope its 32
May 20, 2013, 07:30:32 AM
will you be adding cryptsy.com prices once it launches?
Leave that fake exchange out of this. It's where failed alt coins, will go to die
lol whatever
Yeah, what am I thinking. I'm sure once RYC, Franko and PWC start trading here, the real exchanges will then be eager to pick them up
May 20, 2013, 07:29:25 AM
Added.
The profitability is even much bigger because the block reward is 50 and not 32
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