Topic: How much mining power do you have? (Read 374 times)

I sold my small farm a long time ago. But now I think seriously about mining Veil with POS. I looked that the coin has a large pottonial. And I think to try to mine in this way.

Tell me there are still topical coins with  PoS mining?

I've about 50 Mh/s of Ethash. I mine Ethereum Classic and sometimes Ethereum. Planning to switch to Ravencoin soon, as it looks more profitable to mine at the moment.

Before I was mining the altcoin king which is ethereum then after the update I now switched to veil and raven which for right now is easy to mine and difficulty is low. I recommend you to also check for these coins later.

This applies for small mining operations, all the small cap coins that can give you 30-50% monthly have a volume less then 10k daily

I have little power, only a Nvidia Geforce Gtx 1070 which is not enough and I only make little money monthly.

Very interesting answer.

Something I'm trying to figure out: How nigh mining power would you estimate the average miner has? Is there any way not to get the distribution of mining pools but rather an estimated distribution of of individual miners?

What new GPU you have and what profit they bring. Very interesting on how much it is now profitable to engage in mining ? It would also be interesting to hear what new coins are now profitable? In principle, new coins are well mining on old graphics cards and even on processors

I have several farms on old GPU (R-280 and R-290), I try to touch them to the minimum, turned them on to RyoCoin and do not approach them. The new GPU are mainly mining ETH and some new coins at the start.

Before I tried to mine bitcoins but times comes I don't get a high profit so that's why I go with veil and raven coin. Just mine coins where there are real developers and very dedicated to their projects.

Mining ETH is stupid. You can earn 30-50% more on other algos, sell them, buy your eth, do whatever you want with the rest money...

I was trying DUAL MINING for some time, but it did not bring the expected result.  Now, I am mining ETH and sometimes ZEC.

Its pretty simple. Do a benchmark and stick to the coins with the highest profit.

If you want to gamble, go with fresh coins with low diff. But thats not easy and pure gamble!

a little elaborate to answer this, but basically. as type hardware which we use to mining coins at this moment, we need anticipating attack hashing power, difficulty, check pricing market a coins and profitability income miner, cut-off electric cost also following to the developer/team with any update project.

of course the question you no more is the strength of the hashing that we use as mining and the allocation hardware of RIGS/GPU from the hash-mining.

as you know Radeon RX its familiar with any coin that has CN algorithm, more even I use full an allocation with CN algorithm from the RadeonRX and so the rest GTX I was an allocation to equihash algo. CMIIW

Always mine coins that have a serious project and real developers because if you just mining shitcoin you will end up mining coins which is no value.

I'm mining different coins and hold and wait for a long time before I sell them because I am sure we can make a good profit until we see the bull market.  Just always make sure that the development of the coins is active.

Look at other coins like Zcoin and Ravencoin they are rankup too fast in coinmarket because they are active. I experience to mine shitcoin which is no value until now like Hedon that I thought it may become profitable in the future but until now no value.

Thank you very much for your elaborate answer. I see now it is a much different game when you have several different rigs. It makes more sense the way you do it, not chasing the daily swings and not engaging on the market every day. But then, as you said, you don't have too much room for speculations or experiments. You have to mine the more established coins, not worrying what will happen next week or next month (which you would have to worry about if you mined some new hot coin).

I have seen you have been answered by op and i do completely agree with this number 1 reason;

Its just a matter of preference because you will really utilize those GPU on where they would be sufficient thats why splitting is always an option if you do really care about profitability.It might be sounds messy but its your preference on your end.

Depends on your situation, strategy, and cash flow I'd imagine.  I can give you a few reasons I split my farm up.

1)  I have several different rig configurations (RX rigs, Vega, GTX 60/70/80, etc), and they all perform a bit differently on different algos.  So I try to keep them pointed where they perform the best/better, for the most part.

2)  We dont take profits short term at all.  Other than my time keeping everything running, we have zero overhead...and the time I spend on it I dont put a whole lot of value in.  It's not that I dont value my time, I do...but it's mostly just time I would otherwise be spending playing video games or a round of golf or something, so it's a value add instead of a value negative.  As such, our time horizon is medium to long term hold, so I'm not overly concerned about short term profitibility.   Mainly we want our BTC/ETH bags to grow, and have zero time/desire to day/swing trade coins on exchanges.   Essentially we are using hash power to dollar cost average in directly to a specific portfolio allocation.  For the most part, we only use the coins to buy parts (build/upgrade rigs, replace dead fans/risers/etc).

3)  Taking a few swings at newer algos when they first release, and the difficulty is low.  Like I said in a previous post, we dont do a whole lot of this...mainly just let software auto switch on it's own.  I'd guess, on average, about 20% of total hashing power spends about a week or so a month on something speculative.  Now that I type this out and read what I'm saying, I probably need to do a better job of tracking this...

Anyway, I doubt what I'm doing is "right".  I'm quite sure there are better ways to go about doing it....but considering the resources we have available, the professional & practical limitations we have as a group, and our longer term goal this is what is working.  Currently.  I reserve the right to change my mind.

I'm not 100% on ethash, nor am I ever 100% uptime on all rigs/gpus, but if I were I'd be around ~3200-3400 MH/s total.  AMD rigs = ~1100 MH/s stays on ethash (ETH & ETC), ~ 18 kH/s on CNR (Monero).  NVIDIA Rigs I mostly leave on YIMP pools/MPH for BTC payouts, a couple stay on RVN.  I try to put a few rigs on new coins/algs early, but dont really spend a whole lot of time researching them so I dont catch as many of those as I probably should. 

I don't get it. Why would you split? You choose the most profitable one and stick to it, until you find a more profitable coin, then you switch your entire mining power to it. Now, I remember during the time I was mining that the profitability of certain coins changed all the time, so I had to do a lot of switching but I never split my mining power. Maybe there are legitimate reasons to split but I never did so.

I was mining ethereum in the past and after a big update and block reward got decreased a lot and i tried to mine another coin like veil and any other medium crypto such as aeon and raven.
You can't split your mining power if you are in the loss. I meant if you have small hashrate and it can't. that depends on how you can calculate based on how much you can get hash power.

Which coins are you mining and how do you choose to split your mining power across coins?