WHY? coz of NICEHASH (and others autominers, but NH pay directly in THEIR PRICES) ..... in moment when you find a coin, which seems profitable and its 1 of these algos, there is 99,9% chance of nicehash already knows it and switch for that .... and profit si gone in couple of minutes
Hmm... but If I am checking 24h or even longer time difficulty for revenue not current one then I should get decent information no? 
Topic: Most profitable coin to mine information sources (Read 617 times)
will be monero when the diff goes down after hard fork. 10x profit vs today , raven and sumokoin ok
Yeah, maybe.
It will depend on people's If most people think same as you, may that 10x decrease to zero (0) soon. That is profitability rules.
will be monero when the diff goes down after hard fork. 10x profit vs today , raven and sumokoin ok
you can remove from every calculator: NEOSCRYPT, EQUIHASH, DECRED, LBRY, NIST5, LYRA2V2 and DAGGERHASHIMOTO ...
WHY? coz of NICEHASH (and others autominers, but NH pay directly in THEIR PRICES) ..... in moment when you find a coin, which seems profitable and its 1 of these algos, there is 99,9% chance of nicehash already knows it and switch for that .... and profit si gone in couple of minutes
WHY? coz of NICEHASH (and others autominers, but NH pay directly in THEIR PRICES) ..... in moment when you find a coin, which seems profitable and its 1 of these algos, there is 99,9% chance of nicehash already knows it and switch for that .... and profit si gone in couple of minutes
It because Nicehash is hashing market. So, Nicehash parameter is their rent price itself. Then who create its price? Of course their renter. This is explaining that the one who knows which coin that most profitable is Miners itself.
you can remove from every calculator: NEOSCRYPT, EQUIHASH, DECRED, LBRY, NIST5, LYRA2V2 and DAGGERHASHIMOTO ...
WHY? coz of NICEHASH (and others autominers, but NH pay directly in THEIR PRICES) ..... in moment when you find a coin, which seems profitable and its 1 of these algos, there is 99,9% chance of nicehash already knows it and switch for that .... and profit si gone in couple of minutes
WHY? coz of NICEHASH (and others autominers, but NH pay directly in THEIR PRICES) ..... in moment when you find a coin, which seems profitable and its 1 of these algos, there is 99,9% chance of nicehash already knows it and switch for that .... and profit si gone in couple of minutes
There are few scripts that I know of (not free ones) that monitor difficulty on proven-to-be-profitable coins and give you recommendations based on your average hashrate. Some of them constantly have new coins added, those with good potential.
Yepyepyep. That's what I am looking for. Do you know any of those?
You can look up Mikanoshi in this forum, he is a developer for one of them. Not cheap though.
Where do you find the block reward information for different coins? Is there maybe API, too? Or in the calculator websites people just manually enter block reward information?
Block reward is fixed. But depends on its coins itself for every specific block this "block reward" will decrease (or we called it as Halving). Again, Bitcoin as the example. Bitcoin will halve its block reward every 210,000 blocks.
Every coin has technical info, In announcement thread (at this forum), Whattomine, Coinwarz (or wherever / something similar) you could find this "block reward" info.
Where do you find the block reward information for different coins? Is there maybe API, too? Or in the calculator websites people just manually enter block reward information?
(your estimate income)=(your avg hashrate)/(network hashrate)*(24*3600/blocktime)*blockrewards
Is difficulty also calculated from the variables mentioned above? Just wondering because I was expecting that difficulty is used as a variable to calculate profitability.
Not all of that variable used.
It depends on the coin itself, for every how many blocks they will retarget their difficulty. Let's say Bitcoin as an example. Bitcoin difficulty will retargeted every 2016 solved-block, with 10 minute block time, mean Bitcoin will re-targeting its difficulty every two weeks. If 2016 block solved before two weeks, means difficulty too low and will increase the difficulty.
How fast or slow block solving also related to Network Hashrate. So, difficulty related to Network Hashrate, Block Time, and time of re-targeting itself.
(your estimate income)=(your avg hashrate)/(network hashrate)*(24*3600/blocktime)*blockrewards
Is difficulty also calculated from the variables mentioned above? Just wondering because I was expecting that difficulty is used as a variable to calculate profitability.
I would not be relying much on whattomine.com all of the coins on their website is not profitable anymore, well maybe a few of them. What you can do as others have said is research, try all mineable coins and see what is more profitable.
You're naive as soon as it appear in here, it's no longer profitable...
This is true. Difficulty increase when miners flock into it.
can you give a coin that profitable to mine?
You're naive as soon as it appear in here, it's no longer profitable...
This is true. Difficulty increase when miners flock into it. Unless you are live converting as you are paid out you will never reach the profitability you think. Chasing profitability will cause you to lose out in the end, do reasearch on a coin you think will be going up in price and then mine+hodl it. That is how you make money in this game. What you are trying to do is effectively chasing your own tail.
Not true. It not good to auto switch between most profitable all the time and between pools all the time but it's good to mine most profitable for 1-2 weeks and then switch if the new one is already 30+ per cent more profitable. Then you exchange at higher peak to the coin you believe has the potential and HODL.
I think everyone has the same question at this time "which coin." I agree with fanatic26, do research. But not only about the future prices, but also how you can optimize to mine that coins.
And the best answer today is:
can you give a coin that profitable to mine?
You're naive as soon as it appear in here, it's no longer profitable...
can you give a coin that profitable to mine?
You're naive as soon as it appear in here, it's no longer profitable...
Unless you are live converting as you are paid out you will never reach the profitability you think. Chasing profitability will cause you to lose out in the end, do reasearch on a coin you think will be going up in price and then mine+hodl it. That is how you make money in this game. What you are trying to do is effectively chasing your own tail.
Not true. It not good to auto switch between most profitable all the time and between pools all the time but it's good to mine most profitable for 1-2 weeks and then switch if the new one is already 30+ per cent more profitable. Then you exchange at higher peak to the coin you believe has the potential and HODL.
There are few scripts that I know of (not free ones) that monitor difficulty on proven-to-be-profitable coins and give you recommendations based on your average hashrate. Some of them constantly have new coins added, those with good potential.
Yepyepyep. That's what I am looking for. Do you know any of those?
Unless you are live converting as you are paid out you will never reach the profitability you think. Chasing profitability will cause you to lose out in the end, do reasearch on a coin you think will be going up in price and then mine+hodl it. That is how you make money in this game. What you are trying to do is effectively chasing your own tail.
(your estimate income)=(your avg hashrate)/(network hashrate)*(24*3600/blocktime)*blockrewards
OK, thanks a lot. Trying to get all the needed information from Suprnova RVN pool. 1. I couldn't find from anywhere in the pool page average hashrate but finally remembered that Android app MiningObserver shows each workers hashrate and for the example rig I will try to perform the calculation it says average hashrate: 79,6MH/s
2. Network hashrate: 1,849,251.72MH/s
3. Blocktime in seconds? From whattomine I get that it's 55 seconds.
4. Blockrewards from whattomine also got: 5000RVN
Voila, looks like accurate result: https://www.google.ee/search?q=79.6%2F1849251.72*(24*3600%2F55)*5000&oq=79.6%2F1849251.72*(24*3600%2F55)*5000&aqs=chrome..69i57j6.68260j0j7&sourceid=chrome&ie=UTF-8
About little more than 300RVN it makes yes. WhatToMine calculator somehow calculates 311RVN though. Not sure how. https://whattomine.com/coins/234-rvn-x16r?utf8=%E2%9C%93&hr=79.6&p=0&fee=0.0&cost=0&hcost=0.0&commit=Calculate
Anyway - big thatnks for teaching how to calculate revenue.
The original question still was though from where else you guys get information what to mine as it will be quite a nonsense to go one by one hundreds of coins through to find what's good idea to mine in current tough times.
There are few scripts that I know of (not free ones) that monitor difficulty on proven-to-be-profitable coins and give you recommendations based on your average hashrate. Some of them constantly have new coins added, those with good potential.
Check Ravencoin with Nvidia.
can you give a coin that profitable to mine?
Ebaycoin is most profitable for you (if you ask such question here)
can you give a coin that profitable to mine?
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