Topic: Fifth alt coin thread last four got too big. - page 16. (Read 47237 times)

Phil tell me about your solar guy and the advantages of megoing with him. I'm in east side of PA

I have a tiny little 5mh miner  for x11  it earns 10 cents a day and burns 3 cents to earn it

https://new.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

Many people that complain about nicehash fees but they don't understand many times  you are overpaid  for the  hash you sell.

So  if you want to point  anything at nice hash  you need to know  what the true rate is


so in the case below you may be paid .2850  vs .2724

  this  will be charged a fee to convert to btc and a fee to withdraw  about 5%

so .2850 x .95 = .27075

which is not 5% less then  .2724  so .2724 x .99 = .269676


So nice hash pays .27075  with the coin in your wallet and a 1%  fee pool pays .269676 and you have yet to have it in your wallet so more fees still happen depending on the pool

So bitching and moaning against nicehash is not based on good math

And you just confirmed my point.  




For nvidia cards certainly.  I think many people just like ETH, and with the shortage of AMD cards recently, are content to buy nvidia cards to mine it.  There are people out there who want to mine BTC as well, and while we can agree that it's a tough adventure, they have their reasons.


{snip}



I have no doubt that there are plenty of people out there with those qualities you mentioned.  But to call them silly, is trying to fit your priorities onto them.  Sometimes I'll turn on my profit-miners in awesome miner to mining pool hub just to accumulate a wide variety of coins (I don't auto-convert to BTC).  If it was "profitable" for the brief period at one time, I reckon they will come back around again later.  I tend to look at the longer average of a coin rather than to ride the waves.  I mined sigt for a while, denarius before that, chaincoin before that, lbry before that (and occasionally come back to it), Zencash before that, Skein before that... I'm currently mining diamond.  It's consistently a top performer... but I came to realize, I'm chasing these coins for the wrong reasons.



Are you autoconverting to BTC at a pool?  Which one?

Hey Phil!

Would you recommend Nicehash for mining Daggerhashimoto instead of mining ETH directly?
I'm getting worried I'm not getting all my hashrate registered there.
And what about x11?

Do you have any experience/input?

I mined Sigt for weeks on zpool  I earned more then 1000 usd doing it

http://zpool.ca/?address=1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

I am and will remain anti autoswitching as it kills off  hot coins with smaller hashrate.  No more complicated then that.

I am not against auto conversion to btc which is what I do.

Nobody missed your silly point.  You still need to mine a minimum amount of eth before you can cash out, you can join pools that pay sooner.  There is no next best thing to constantly chase if you dont want to.  There is good old reliable fallback options such as zec and skien.  These have been consistently paying 30-50% more than ETH.  No one was chasing around after them, 5 minutes a day if you need to change your miners to something else.  Otherwise you just have a alert on your  phone to make sure they don't lose profitability.

That leaves you around 20 mins now and then to see if anything interesting comes along.  If it does you might spend an hour or two getting it going on all rigs.  But when it is something like SIG that lasted a month it is well well worth it.  Unfortunately I was lazy and let it sit for a few days, if I wasn't it could have easily been 100$ a day.

Point is you don't have to do much chasing to mine the most valuable coin and the reasons people mine ETH and hold it hoping it will go up is because they are lazy, uninformed or have no idea what they are doing.

I have a bunch of friends like that, they are all of those things above plus as you say have limited time.  But once I showed them the way they are kicking themselves for all those missed profits.

It wasnt autoswitching that killed it.  Nicehash was super late to the party.  I have been mining SIGT for 3-4 weeks.  I was making 17$ a day per 1080ti for around one week.  Around a week ago the 30,000th block was mined which increased the difficulty and the reward was also reduced around the same time.

This caused the price of SIGT to go up because it was harder to get which also ment we were able to mine at $5.50 for another week or so.   It has now got to the point where people are able dump it below profitable levels with a small dump so it is risky to mine.  But yes this is  when autoswitching can make it risky to mine but it can also mean you can mine it while its not getting dumped.

Can anyone share stock and better Core and Memory MHz for a 580 4GB?

Intensity for me is 21 actually, I leave it to auto.  I have others on -i 24 about, it depends on the rig.  On nicehash, I did some digging yesterday.  Reason for payouts 250% what they should have been are that some guy left an unlimited order at something like 0.0450 btc per ghs, when fair mining price was about 0.02.  That lasted a few hours until the order was filled or cancelled.  Also, I saw huge discrepancy between usa/europe - some hash being rented at way below par, 0.0015 for example.  I put in a couple orders and the algos kicked in until the price went up to 0.02.  If you put your rigs on nicehash, it might be a good idea to put an order just below what you get paid for, and send it to yiimp ccminer pool or elsewhere - just to keep the market in check - else you may find someone getting cheap hash.  Mind you I only got 100 coins at a 10x cheap rate until price was equalized.  Nicehash does have its own "bot" you can have for free, but you have to dig a bit for it I think.

 Newegg usually has 1 to 3 GTX 1080ti models on sale at $699 at any given point - usually the Gigabyte "Windforce" model (this is a legit 2 slot card, but it really wants at least one fan with "open" access to cool well) as one of them.

 Works OK with a Zotac mini in front of it 2 slots over, but would probably prefer the Gigabyte or MSI "ITX" as a neighbor instead for better cooling.

Depends on what gpu you use.

You can try testing out if an intensity is right for you. You can start at 15 up to 30 or until artifacts are to show up.

I think my point was missed.  Chasing after a hot coin to convert to a "stable" coin is gambling just as much as mining the "stable" coin and holding.

What happens when Sigt has a flash crash and you are left holding a bag of now less worthwhile coins?  Mining with a single 1080ti on Equihash at Nicehash will require you to wait 14 days to generate enough BTC to allow them to pay out.  Sure you can have more GPUs to decrease that wait period but you aren't in control of your income, you are depending on the "market" at Nicehash to deliver.  Plus you pay 4% to transfer out to your external wallet from Nicehash.  No thanks.

By no means am I advocating mining ETH with a 1080ti... but people have their legitimate reasons.  Mostly because they don't want to have to babysit their rigs chasing a hot coin, dealing with new versions of miners, compiling from source or just trusting that newbie posting who claims an extra 3% hashrate increase,or lose tons of profit in autoconversion schemes, conversion fees, transfer fees, etc.

I wish I could retire and watch rigs all day chasing after the "next big thing".  I envy you Philip.

Can you guys check if yesterday's skunk profitability spike is still showing up on your Nicehash chart today? For some reason all I can see on my graph is a gap where there was a hump when I switched all my miners to skunk for a few hours. I clearly remember seeing a huge 2x bump in average profitability but now it's not there anymore.

Makes me think that Nicehash possibly had an issue with this algorithm yesterday or someone ordered a ton of hashing power by mistake and now they want to roll it back?

Just as an illustration, on my screenshot below I used a red pen to show how the chart looked like yesterday...

Actually  if you mine zec or sigt or skein  on nicehash and auto convert  to btc  then buying eth and holding the eth,

  you will earn more then mining and holding eth if you have 1080ti's

there are exceptions  but that is pretty much the facts.

A lot depends on how many cards  but mining zec skein and sigt have worked better for the most part.

Yes, we are both equally gambling.

You can either mine the hot coin right now, and hope that it holds it's good conversion-to-BTC price so that you can get more BTC to buy ETH... losing conversion fees and transfer fees along the way, mind you.  Or you can just mine ETH directly and get what you put into the effort.

Sometimes it's better to mine the most consistent coin rather than the hot coin.


By the way, there's no need for the snarky "spoon feed" comment.

-i 25
-i 26.5

depends on how many  1080 ti's  on the rig and the ram and the cpu

What intensity?

It bounced back a fraction.

https://new.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje




I am now at 24 a day  I was over 60 a day yesterday and it dropped to  13 a day

Once people used any kind of auto switching soft ware  it all  switched to sit and killed it.

This is why I don't care for auto switching software.  It flattens prices on hot coins. look at the chart

party started quite awhile ago.... I think NH is late to capture the moment

only SIGT is the coin that I know of using skunk algo and currently only available at Cryptopia exchange

yea, it was great while it lasted...

SIGT is currently trading $0.0526..... dropped -30%.... this could be due to dev leaving news or evil NH just opened the floodgates