Do you trust whattomine.com? | Bitcointalksearch.org

vlad230

sr. member

Activity: 616

Merit: 279

Quote from: JaredKaragen on September 21, 2017, 05:54:11 PM

me personally: no. never.

I don't trust sheep following sheep. Take that as you may Wink

About 6 months ago when whattomine was saying one thing or the other; I was making a killing on other algos/coins.

Yes, I agree. I hope it's not a conspiracy to direct people to mine something else instead of the most profitable coins.

The best thing you can do is try coins out, that's what I usually do. I just mine something new for a few days and if it works out well, I continue otherwise I search for a new coin.

Also, when I mine something I normally do a bit of research about that coin to see if it's indeed good to mine. Otherwise, you end up mining coins and when you try to sell them their price drops or the dev team bails...

NameTaken

hero member

Activity: 630

Merit: 502

I'm not mining any of the coins listed on there and the only reason I visit that site now is to get a quick glance of coin prices listed at the top of the page.

Buyingallcoinsz

sr. member

Activity: 392

Merit: 263

Nothing wrong with them but I would mine whatever coin you believe in.
For example. I believe in Eth. I only get ~0.5 eth\month per 100 MHs and there might be something more profitable right now. However since I believe that eth will surpass $2k in the next 12 months, I mine eth.

Yeah probably, I believe this also

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

I use whattomine.com as a source to know what is the better coin to mining and although I am not too trust with that site, I still visit in that site when I want to mine some coin and I will take a look my chance is good or not. and if I can see my chance is big to mining a coin with my gpu then I think I will try to set up my software and then I can start mining. I think there are many another service like this which gives to us some guidance on what profitable coins with some gpu.

rjsmith

copper member

Activity: 364

Merit: 0

Whattomine is a great service but not all of altcoins listed there. now whattomine is good site for see all coin to mine.Whattomine is meant to be used as one of many other sources of information. I use it alot but you cannot 100% trust anything in such a volatile market.Whattomine is a bit late on total network hashrates, but very accurate on the prices.

Voltar

jr. member

Activity: 63

Merit: 2

I think a few of us who actually go through the coins not on what to mine should collaborate. I'm all for putting the work in but when you doing it all by your self, it takes a long time to go through all the coins that AREN'T on whattomine to find a good one.

Lol I have been a member here since 2012 and I'm still a Newbie! Don't we get credit for not selling out?

xxcsu

hero member

Activity: 1498

Merit: 597

✔️ Let me quote myself ( again )

Original Topic Here

Quote from: xxcsu on September 26, 2017, 11:36:37 AM

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not Grin

YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners

Etherion

sr. member

Activity: 512

Merit: 260

Quote from: Za1n on November 01, 2017, 03:30:26 PM

The problem is not with the Whattomine or similar "calculator" sites as much is is with the general ignorance of most of the people on here and in the general population. It is a contagion of laziness, as there are countless posts of people asking what equipment shoudl they buy, how much will they make, what coin will make them a millionaire by next year.

My advice is to first bone up on some basic mathematics you *should have* learned in school. Next spend more than 5 minutes researching the subject before posting stupid questions. Research terms such as Network Difficulty and Game Theory to start to understand how things work in mining and the markets. Go to Investopedia and other similar sites to learn about basic trading terminology and skills. Understand that most people are going to mindlessly flock to whatever coin is most profitable to mine in any given moment, even though most of them will not be able to sell their coins until several days after when all the variable will have changed by then.

Again, the only thing wrong with Whattomine is the lazy and ignorant's expectations that a visit to a single site will given them all the answers they are looking for without having to put in any effort themselves.

I like your answer.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: Bulletdodger on November 01, 2017, 09:03:29 AM

yeah, but even counting that, sometimes the numbers are way off, even in that instant.

For example, I should earn like 2 zcoin daily according to them with one of my rigs, without the overclock,
yet with a huge overclock I get just 1.5, that is a HUGE difference.

So yeah, I dont know where they dig their data from, but it is almost always off.

Like ANY "calculator" site, they use a snapshot of data - and that data CHANGES.
They also use "estimates" for each card that often won't be right for how YOU SET YOUR CARD UP, even on the same model of card.

Don't count on ANY calculator to provide 100% accuracy - there are way too many variables for that to be possible.

Za1n

legendary

Activity: 1078

Merit: 1011

The problem is not with the Whattomine or similar "calculator" sites as much is is with the general ignorance of most of the people on here and in the general population. It is a contagion of laziness, as there are countless posts of people asking what equipment shoudl they buy, how much will they make, what coin will make them a millionaire by next year.

My advice is to first bone up on some basic mathematics you *should have* learned in school. Next spend more than 5 minutes researching the subject before posting stupid questions. Research terms such as Network Difficulty and Game Theory to start to understand how things work in mining and the markets. Go to Investopedia and other similar sites to learn about basic trading terminology and skills. Understand that most people are going to mindlessly flock to whatever coin is most profitable to mine in any given moment, even though most of them will not be able to sell their coins until several days after when all the variable will have changed by then.

Again, the only thing wrong with Whattomine is the lazy and ignorant's expectations that a visit to a single site will given them all the answers they are looking for without having to put in any effort themselves.

javorcro

newbie

Activity: 63

Merit: 0

whattomine is good site for see all coin to mine now,but for planning future and investment is not reliable

kelstasy

full member

Activity: 130

Merit: 100

Blocklancer - Freelance on the Blockchain Close

For newbies it's a good basis but as the others said better do your own research / calculations.

EthereumBoy

newbie

Activity: 28

Merit: 0

what to mine .com is very trsutful site. I use it a lot and can recomend it. But I prefer more own server than using other because you cant just make profit. Buy cheapest rig you can find and use it to mine currencies.

Bulletdodger

sr. member

Activity: 337

Merit: 250

yeah, but even counting that, sometimes the numbers are way off, even in that instant.

For example, I should earn like 2 zcoin daily according to them with one of my rigs, without the overclock,
yet with a huge overclock I get just 1.5, that is a HUGE difference.

So yeah, I dont know where they dig their data from, but it is almost always off.

Etherion

sr. member

Activity: 512

Merit: 260

So I have been using whattomine.com a lot and I think I see where things go wrong.

whattomine.com is 100% correct when answering the one specific question. The question is not clear to most people and each person tries to answer there own question with the answer given by whattomine. And that is going to give you mixed results.

It looks like whattomine.com uses the spot exchange rate of that coin to calculate profit. always. regardless of the windows average that you set for sort(Profitability) and difficulty.

It is like asking: if I where to mine for 24h/3days/7days what would be my profit if I sold now. Not a bad questions to ask if you were doing that though. It is not the same as if I were selling my coins shortly after I get them. Like most do.

So one needs to first understand the question that whattomine is answering before asking more questions and using wtm answer for that.

ZenFr

legendary

Activity: 1260

Merit: 1046

Of course, I don't trust them.
Since the beginning, their numbers are allways false and I never earn what they talk about.
I espect that readers don't make there investments and ROI with these numbers. You have to do you personnal experience, see you own numbers and make your own mathematics.

F2b

hero member

Activity: 2135

Merit: 926

I think that whattomine is a good indicator, but as said you have do do your own calculus too. And, first of all, I think we should mine a coin we believe in, and not just mine the coin that gives the most profits (even if, of course, you won't mine SHA256 or Scrypt coins Grin

).

jeswin

newbie

Activity: 42

Merit: 0

Correct I believe we can trust whattomine

Edrick123

newbie

Activity: 18

Merit: 0

Ia there any other page to check beside what to mine?

flip4flop

full member

Activity: 378

Merit: 135

You can trust whattomine. You just need to ensure you are entering the correct data into it to ensure you are getting the right output. It can average its estimations for you but it can be more accurate if you plug in your electric costs and adjust your power and hashrate if you know what you are producing. For 24 moving average it seems to be pretty accurate. The problem is it does not take into account difficulty increases that may adjust the price in ways you cannot expect. I use it alot but you cannot 100% trust anything in such a volatile market. Use it to help you make informed decisions but dont let it be your only tool.

Topic: Do you trust whattomine.com? (Read 3108 times)