Topic: Do not mine these new coins!! (Read 1363 times)
just set your sell orders at your desired profitability level. if they hit you get the exact profitability you were looking for. you sell at the market rate then you get what you wanted to really sell for.
I have no problems hitting the "promised" profitability values (you have to apply some manual averaging on the graphs though). I'm solo mining WDC with a few ~3.5Mh rigs.
There is so many variables when mining these fast chains, miner settings have to be tweaked properly. Internet connection latency is important, and you need some hashpower not to get buried under other miners.
Pools seem to be generally bad on the new coins, maybe they are tweaked to steal some coins or just not effecient at all. My advise is to solo-mine if you have some hashrate.
There is so many variables when mining these fast chains, miner settings have to be tweaked properly. Internet connection latency is important, and you need some hashpower not to get buried under other miners.
Pools seem to be generally bad on the new coins, maybe they are tweaked to steal some coins or just not effecient at all. My advise is to solo-mine if you have some hashrate.
The other reason why profitability is fake is that volume of coin with bif price taken for profitability calculator are usually 0.03 or something. And you slip down 10-15% if you want to sell something more than that.
So, trust your own eyes and research by looking at exchanges rather than calculators.
WDC for example has whoopy 8.5 BTC in all bid offers right now at mcxnow.
So, trust your own eyes and research by looking at exchanges rather than calculators.
WDC for example has whoopy 8.5 BTC in all bid offers right now at mcxnow.
I mined also a few times WDC and the number coins given by some pools were way below what i was expecting. The problem lies with the pools and not the WDC coin.
So the fact is profitability 170% is total fake god damn
Real prof is around 105/115%.
I was testing that 3 days! and all i can say its just wasting of hashing power. DO NOT trust calculators.
For example WDC profitability of bitcoin 170% ya cool very attracting. SO this is what i get:
hashing power in most of pools 5800kh/s , calc shows WDC 455 per 24hours. Rigs running very well without problems, comeback home after 12 hours and found in my account 107WDC su ~215WDC after 24hours = profitability of bitcoin 85%
second day even more worse
ssame with powercoin..
For example WDC profitability of bitcoin 170% ya cool very attracting. SO this is what i get:
hashing power in most of pools 5800kh/s , calc shows WDC 455 per 24hours. Rigs running very well without problems, comeback home after 12 hours and found in my account 107WDC su ~215WDC after 24hours = profitability of bitcoin 85%
second day even more worse
ssame with powercoin..
What was the network difficulty when you started and what is the network difficulty now...? The difficulty probably increased after you set your rigs up to start mining, increased difficulty means a decrease in the number of coins you will mine, if the difficulty had stayed the same as it was when you started mining then you probably would have made that much.
EDIT:
There is also the possibility that they are using existing calculator software which is set to the default block value of 50 coins...
So the fact is profitability 170% is total fake god damn
I do feel the profitability calculators, are not 100% accurate sometimes. Sometimes people can be trading back and forth with less than 100$ to make the value 'appear' higher and gain like +30-50% 'profitability'..
that is, until, some normal miner dumps a small amount of their coins and straightens it out again.
So the fact is profitability 170% is total fake god damn
Worldcoin has a 15 second block target, so it gets a huge number of orphans and blockchain forks. I just wouldn't recommend mining any coin with less than a 60 second block target. But if the coin still makes profits even though you are getting a large number of orphans then why not.
And yes calculators will not factor in orphans. The calculators are designed for litecoin where orphans are extremely rare. Worldcoin by design (flaw) will have orphans like mad.
Also do note: you may not get any orphans showing up in your mining software, but the pool itself will be getting lots of orphans. So even if your software says the orphan rate is like 2%, the pool itself may be getting 15-20% orphans.
And yes calculators will not factor in orphans. The calculators are designed for litecoin where orphans are extremely rare. Worldcoin by design (flaw) will have orphans like mad.
Also do note: you may not get any orphans showing up in your mining software, but the pool itself will be getting lots of orphans. So even if your software says the orphan rate is like 2%, the pool itself may be getting 15-20% orphans.
true exactly.
Also I won't mine on anything less than 60 seconds either. Even that I feel is pushing it, I got orphaned a lot on CNC.
but like you said, sometimes in the beginning and when difficulty is low, if you think the coin has some future, you should calculate your valid share % vs your hashrate and decided whether or not its feasible/good idea to cop a lot of (x)coin.
Worldcoin has a 15 second block target, so it gets a huge number of orphans and blockchain forks. I just wouldn't recommend mining any coin with less than a 60 second block target. But if the coin still makes profits even though you are getting a large number of orphans then why not.
And yes calculators will not factor in orphans. The calculators are designed for litecoin where orphans are extremely rare. Worldcoin by design (flaw) will have orphans like mad.
Also do note: you may not get any orphans showing up in your mining software, but the pool itself will be getting lots of orphans. So even if your software says the orphan rate is like 2%, the pool itself may be getting 15-20% orphans.
And yes calculators will not factor in orphans. The calculators are designed for litecoin where orphans are extremely rare. Worldcoin by design (flaw) will have orphans like mad.
Also do note: you may not get any orphans showing up in your mining software, but the pool itself will be getting lots of orphans. So even if your software says the orphan rate is like 2%, the pool itself may be getting 15-20% orphans.
Devcoin is where it's at 
I was testing that 3 days! and all i can say its just wasting of hashing power. DO NOT trust calculators.
For example WDC profitability of bitcoin 170% ya cool very attracting. SO this is what i get:
hashing power in most of pools 5800kh/s , calc shows WDC 455 per 24hours. Rigs running very well without problems, comeback home after 12 hours and found in my account 107WDC su ~215WDC after 24hours = profitability of bitcoin 85%
second day even more worse
ssame with powercoin..
For example WDC profitability of bitcoin 170% ya cool very attracting. SO this is what i get:
hashing power in most of pools 5800kh/s , calc shows WDC 455 per 24hours. Rigs running very well without problems, comeback home after 12 hours and found in my account 107WDC su ~215WDC after 24hours = profitability of bitcoin 85%
second day even more worse
ssame with powercoin..
what pool you using?
http://wdcpool.erundook.net
http://wdcpool2.erundook.net
https://www.multipool.in
http://wdc.coinmine.pl
http://wdc.hackshardgaming.net/
http://crypto-coins.de:8908/static
http://world.coinloot.com:8500/static/
http://coinminer.net:19331/static/
My testing involves looking at the $$$$ in my checking account and currently it is WAY more than Bitcoin for many coins. Now if you don't know what your doing rejects orphans (solomining PWC) etc you are absolutely correct. China coin got me several bitcoin over 48 hours same with WDC. Problem is like anything there are winners and losers. New miners I always encourage to mine Bitcoin then Litecoin. I explain very clearly that everything else is absolute speculation and some of these coins will survive mind you. Some may even overtake the staples (less likely) but we are speculating on that very real possibilities hence why risking money and making money.
What was your stale (orphan) %? I am just curious.
less than 2 % 
I was testing that 3 days! and all i can say its just wasting of hashing power. DO NOT trust calculators.
For example WDC profitability of bitcoin 170% ya cool very attracting. SO this is what i get:
hashing power in most of pools 5800kh/s , calc shows WDC 455 per 24hours. Rigs running very well without problems, comeback home after 12 hours and found in my account 107WDC su ~215WDC after 24hours = profitability of bitcoin 85%
second day even more worse
ssame with powercoin..
For example WDC profitability of bitcoin 170% ya cool very attracting. SO this is what i get:
hashing power in most of pools 5800kh/s , calc shows WDC 455 per 24hours. Rigs running very well without problems, comeback home after 12 hours and found in my account 107WDC su ~215WDC after 24hours = profitability of bitcoin 85%
second day even more worse
ssame with powercoin..
what pool you using?
What was your stale (orphan) %? I am just curious.
I was testing that 3 days! and all i can say its just wasting of hashing power. DO NOT trust calculators.
For example WDC profitability of bitcoin 170% ya cool very attracting. SO this is what i get:
hashing power in most of pools 5800kh/s , calc shows WDC 455 per 24hours. Rigs running very well without problems, comeback home after 12 hours and found in my account 107WDC su ~215WDC after 24hours = profitability of bitcoin 85%
second day even more worse
ssame with powercoin..
For example WDC profitability of bitcoin 170% ya cool very attracting. SO this is what i get:
hashing power in most of pools 5800kh/s , calc shows WDC 455 per 24hours. Rigs running very well without problems, comeback home after 12 hours and found in my account 107WDC su ~215WDC after 24hours = profitability of bitcoin 85%
second day even more worse
ssame with powercoin..
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