Topic: Fifth alt coin thread last four got too big. - page 24. (Read 47240 times)

I do something similar, but nowhere near as compact.  I bought one Z400 off newegg, came with OS I think that was $150 or so.  The next one I got off ebay with no OS for $80,  grabbed a win 10 license  for $20. added 4 risers thats like $40 and some 6 foot usb cables at like $4 a cable.

so for like $150 u got core of the parts, last piece is a $100 psu and the video cards.

In addition to Sootha's comments.... most of the farms that I talk to are also worried about the main pools being DDOS here and there, so backup pools is also very important for GPU farms. So going for BTC payout pools minimize any other risk of confirmation delays, lost shares, blah blah blah.....  I wouldn't be surprised that most farms with X11 and Scrypt Asics have Nicehash as the primary backup.

I think Nicehash knows this very well that is why the payout fee is higher compared to the rest because they take the risk and pay you in BTC upfront. So for miners.... they take this option anytime as the second best way to see their daily value increase in their BTC wallet.

I honestly think that is what holds up the sites like Zpool, Nicehash, and MPH.... you earn so much less after all the fees auto-exchanging it, but most people are prone to lazy ideas, so the auto-exchange route draws the attention of the folks that dont want to exchange it themselves or the new miners coming into the scene, because those exchanges are the easy route into mining before they learn and expand on knowledge... I personally will stick to direct mining from here on out.... even if a coin drops in value after you mine it, eventually in due time you should get it back up to the levels you mined it at.. but the key is to just not mine the coins when they are peaking in value, mine them when they are slumping a little so the difficulty is very low, so you can gain more coins now for when they eventually increase in value... Im currently mining SIGT because its a highly profitable coin, even if it dropped to the lowest exchange rate its been down to since the coin started, i would still make about what other coins are paying out or slightly above, so right now there is very little negatives to mine it outside of the crazy difficulty changes the last day... sigh

Man i want to buy into Neo so bad, but the coin just been floating upwards, been holding out for some drops to buy into it.. right now i am concentrating on SIGT, the spread on movement is 3-7% again, so im going to be trading it most of the day to gain profits and coins on 50-75pt movements... thats how i doubled my coins in 2 days previously...

I have a funny feeling that SIGT will plummet very soon for a day or half a day, lastnight someone bought in 9btc order at 3400 on sigt, and it took the entire market out for like an half hour filling it. so i see that position plummeting the price when they decide to sell off if they do any day now or maybe it wont and they are taking a hold position....

In regards to Bitconnect, i would honestly stay away from it unless you have money to chance with... that is what i tell everyone... invest what you can possibly loose and take it all out everyday tell you get your investment back... because even I who has had great success dont understand how it is managing to support itself, granted i get how it does it via bot trading and paying out 10% of the profits the bot manages to make each day + transfer fees going from btc to bcc, then transfer fees going from bcc to a loan... those 3 sources of income holds it up, but the rates are just so high i fear a tipping point in the future, just dont know how long in the future...

I did a 12k loan at first because it had the fastest period of time to return the money back to me, which was my plan.. to remove my 12k back from investing it and then pocket 50% of the earnings after that while letting the other half continue to grow it through compound interest tell it goes away... when i hit the 4 month mark im not sure if ill re-invest it in another 12k loan or not.. i am still contemplating that, but luckily i am 100% out of the pot with my hard earnings now, so all money made after this point are just profit...

I may start dumping the 50% into NEO like you mentioned, since im kinda stuck on expansion right now on mining rigs.. have no more power to plug into....

For some, the trading and managing coins, wallets, exchanges is probably a pretty daunting task especially if they have a few people working on a larger farm. I can tell you that working by myself getting my 52 GPUs up and running an stable was a crazy second full time job the past few months. I have been fairly lucky that things are running nearly 100% smoothly now and I barely have to do anything - but for people who are expanding rapidly still I can very much so see the allure of simply seeing BTC deposited into their wallet.

See i dont understand yet why people are using nicehash as a large mining operation.... still very confused by this, i have personally messaged a few of the larger mining operations i have come across over the past few months and talked to them to pick their brains to grow my operation in the right direction, but about half of them settle on using nicehash for daily mining, i still truly dont understand this.... why give up so much earnings over the ability to get paid in btc instantly nearly.... ? Can someone go into more details on this, im just not understanding it...

I have Nicehash along with a bunch of other pools installed on my awesomeminer and just going off profits nicehash is always in the bottom of the list for every coin they host...

Here is zec at nicehash 5 1080ti's

https://new.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

that is 3 dollars a card before power
15 for 5 cards  say  1000 watts or 24 kwatts or 2.40usd

15- 2.40 = 12.60/5 = 2.58 usd per card  but and a big but  this gear is paid off.  so I can do this all day all night


I do Have a very good deal from newegg

https://flash.newegg.com/Product/9SIA5YV5JB7967?icid=WP_11_08062017

this is a server pc  with a legit windows 10 pro  and an xeon cpu and 8gb ram
and a working gpu card

219.99  use this code if you have master pass MPBTS17   25 dollars off  cost is 195

you can pop the lid and attach  risers to this  very low cost to get going . a very small compact  build

I will show it to you soon.

If you want cheaper

https://flash.newegg.com/Product/9SIA2PF3W57768

139.99  ten bucks off  with MPBTS17  = 129.99

also low cost for a small compact build

in both cases you need a secondary  psu  like a hp1200

 If I wasn't making my living at this, and NOT with gigantic reserves, I'd possibly agree.
 Up side - the stuff I'm working with isn't NEW, just very under the radar.

 You've got a bit more of a NVidia farm that I do (I should recieve cards #22 and #23 today, and #24 later this week but most of my cards are 1070s and I'm not counting the 950s or 960s as their TOTAL production is barely more than a single 1070) - and you've got a LOT more of an ETH farm than I do (if I went ALL IN on ETH, I might get a hair over 1 GH/sec). I just thank goodness that Bitmain has had "can't get enough chips" issues on the L3/L3+ as right now my A2 farm is paying most of the bills letting me put most of the profits from the NVidia (and small AMD) farm towards GROWING the farm.

 No point in me getting upset at the "share" folks though, way too many of y'all around and I'm NOT from La Mancha.

Yes, SIGT has been kind this week, I offloaded my current position and those shiny BTCs bought more NEO. I havent got the push to do Bitconnect yet well anyways...

@QuintLeo.... yes I feel your pain on new coins and profitability..... however I take a different approach to share the good news rather than hiding it like a secret.

You do know that we are not the only ones looking for good deals. Its really simple to track new & hot coins early really ... so it will be a matter of time before the herd comes in -- that we cannot control. Unless you have 100 rigs running 5xGTX1080ti each.... you can easily mine a nice % of the total mining power.

I have 4 coins that I am mining hard at the moment using my modest NVIDIA farm (22 x 1080ti). Sometimes I stop my 6GHs ETH farm and run sgminer and ccminer for half-day to mine a certain coin before resuming ETH mining again. When its time to sell, I sell the ripe coins at profits every 72 hours.... proceeds will go to buy more my fav shares of 2-3 long term coin hodls.

I have had several PMs from members (I dont know them and first time receiving PMs from them) for me to stop sharing info on new coins... well I guess they will be disappointed.

Its always good to share.

Just sold some  coin at 3403.

I did hold one of the 8 bcc coins

it moved up.

all in all a good night sleeping.

Have to say  I have been cautious for the entire alt coin explosion  from April of 2016 to August 2017  and  I still made more profit in these 16 months then I made in the

July 2012 to March 2016 time period of 45 months.

Thanks for the explanation, I understand the point better !

 I mean that of the total amount of work being done on that project, my GPUs are doing a little over 1% of the total (almost 1.5% right now with recent upgrades to my farm but it's sliding due to more folks adding more GPUs) and at one point my farm was quite a bit over 2% (though the income per coin was quite a bit less then I was earning enough more to largely make up the difference).

 For a brief while during it's early runup this spring, I was providing a bit over 1% of Total Network Hashrate on DGB-Groetsl, later close to that on DGB-Skein, and at one point I was almost 2% of total network hashrate on DGB-Scrypt - as examples, not what I'm working on now.
 None of those lasted, as folks were drawn to DGB both by talk about it's profitability (DGB was the primary driver for Skein profitability in general at that point, and probably still IS) AND by the fact it was a very high price jump % coin for 2-3 days in a row that CAUSED it to have very high profitability AND to get a lot of folks looking into it (like me) - till everyone and their kid brother jumped on it and drove the profitability back into "the basket".

 My farm also produces ballpark 11% of the Gridcoin production on the Moo Wrapper / RC5-72 project on BOINC (and about 6% of the production of that entire project), but that's not a high-profit activity so I don't mind talking about that.


 I'm not QUITE as bad off as Phil's example - I've got 21 GPUs working on that project right now, the total hashrate equates out to the ballpark equivalent of 1250 GTX 1070 cards (but it''s like ZEC, a fairly wide range of cards work well on it so the actual GPU total is probably higher).

 On the other hand, ONE "big ZEC miner" (say the #5 farm on flypool http://zcash.flypool.org/miners/t1VwDJV6g75FdCQYbTHdunAnZVAdYvd7Q2d, the higher-ranked folks are obviously using NiceHash) moving their farm over would cut net profitability by HALF in well under a week - so I don't talk about it.
 It's more profitable than ZEC on the cards I have pointed at it, but NOT double the profit.

today was an amazing day in the SIGT world, bought 2.2BTC of coins @ .000022 today and sold them @ .00003529....

Almost got out of my mistake on BCH today also, it raised up to .084 and my sell out is 0.093 to make some money off the mistake... it looks like it may be trending slightly up.. so it may hit it in the next day or so and wipe out my mistake and release some capital...

Bitconnect and mining has been doing awesome for me as well today, i did a local meetup this morning for crypto investing and crypto mining talks, turned out damn good had roughly 80 people show up... spoke a little about mining and different things i have been dabbling with and Mr Jerry Banfield himself showed up and gave about 20 minutes of talking himself, mostly about steemit... event turned out pretty good i didnt ask anyone to sign up for me, i just showed everyone my earnings on mining, bitconnect, genesis mining, and trading over the past month and had 27 people sign up under me today under bitconnect, so i am fully out on my initial investment into bitconnect of 12k now with the referral bonuses... and 4 of the people offered me money to help them build mining rigs, so i am doing another meetup in roughly 2 weeks once all the parts show up on mining rig builds using their parts as the build...

I sold 7 of my 8 coins.

Four of them were escrow funds and I gave the escrow seller most of that bcc . Came to close to 800 usd for him .

funny i bought 8 bcc lol

I have 8 confirms

So I am looking to get 20 confirms.

I may keep 1 coin and sell 7

Btc is doing well over 3200 last I looked

NICE! Glad ya got it worked out.

I meant you hope a farm with 1000 gpus does not jump into the pool you are on. It strips your earning power away.

1-3% is the level I try to stay on the pool I am in not all the hash from all the pool on that coin. 

 note this for small hash rate coins.




and back to the sage of  my 8 bcc coins

they are now all in bittrex.com waiting confirms  yeah!  this could be a 'free' 1600 usd

Thanks for explaination  Phil !





Is the aim to be on the 1-3% rang of the pool or of the total coin hashrate ?


You hope or don't hope ? typo there ?

he means the pool has 100 hash rate  and he has 1.1 hash rate = a little over 1%

if you find a coin on nice hash or zpool or whattomine  and the hash rate is low enough that you are mining 1-3% of all the hash  and the coin has decent profits .  staying in that 1-3% of all the hash  tends to make better returns then having 25%  or .3%
of all the hash rate.

So any coin with low hash rate with good returns means you need to be disciplined   and not over mine it.  you also need to hope that  1000 other gpus jump on it.

If you have 12 1080ti's and that is 1.2% of the entire hash rate on the pool  it means there are only 100 1080 ti's on the pool

you need to not tout the coin as a winner since some big farm will put 100 or 200 gpu's on it  and you lose

you need to realize if you go from 12 to 24 gpus  there is a risk some fucker will find that coin and put 100 or 200 gpus on it and kill you

all small hash rate winner coins are like this  a few hundred 1080 ti's moved to a coin can kill your earnings.

I used to mine a lot on this pool a btc pool  mmpool.org  I was the top hasher but was in the 15 to 20% range of the hash.  then a guy came along saw that the pool had an exploit due to  high rewards  and he put in 80 to 90 % of the hash rate killed me  maybe a 2 btc loss for me.



Estimated Payout

Rank....Id........   DGM Estimate.....PPS................   Shares................Rate (MHash/s)
1   a5d78fff   10.76633216   0.00000000   453,994,488,446   0

2   71602a00   0.82439480   0.00000000   23,363,422,432   52,484 I used to be able to keep this in the 2-3 btc area


3   dad84f7a   0.06368607   0.00000000   3,613,182,652   10,804,670
4   433aa491   0.04149172   0.00000000   1,427,325,593   2,693,299
5   2d0ba29d   0.01718831   0.00000000   1,019,838,905   1,270,89


Now no matter how much I would rent  he just rents way more  he has hit 5 of the last six blocks  with 10 btc in  bonus rewards
I hit 0 of the last six blocks with 0 in extra bonus rewards.

variance kills in my case 2 coins = 6400 usd  under luck and he is +10 btc or 3200 with good luck

since this happened and now blocks won't be big with 1-3 coin rewards  that is just a loss for me.

my choice to go higher variance and it hurt due to a much bigger fish jumping into the pool

So in the case of a good coin in a little pool I no longer give the coin out to people.