Topic: Most Profitable SCRYPT coins over the past 24 hours (Read 3101 times)

LOL - someone from your pool (name was kilo17) was putting 6Gh/s to 8Gh/s on SONGcoin for a decent period of time yesterday.

Plus - the hash rate for SONGcoin is always a few hours or more off.  It is never exact.

looks like someone clobbered the SNG's difficulty re-adjustment with hash

I think 42 was second -- but by far the most profitable coin over the last 24 hours was SONG -- hands down (if you are dealing with miners over 90Mh/s).

Now the SONG coin feast is over for a few weeks… 

So I'm sticking to 42 coin for the long term and NVC / BTB in the short term (as they are always quite stable).

The thing is that some "private" subscription to a website that crunches numbers is not going to tell you this.  I hope people don't buy into things like that - such a waste of money.

If an automated website tells you where to mine -- it is most likely too late.  Common sense.

That is especially why these multi-pools pay poorly.

You could get an API from coinwarz are chart the data.

Do you have an eye on the market, which coins get pumped from time to time?

RIPO had a pump a few weeks ago, currently the price went back down.
TTC will have a hard fork soon with reduced block rewards
FLO is good to mine (but only FLO/LTC markets available), price went up from 9000 to 12/13k satoshi
NOBL will soon go PoS, price is around 6-8 satoshi currently.
POT has some pump and dump action from time to time, always good to have some with sell orders at around 600+ sat.
WDC also went above 3000 sat.
And of course 42, always a good deal, especially when the price will move above 5 BTC again.

Also have a look at coinmine.pw. As you are familiar with multipools, this one has a good profit switch in my opinion. And it's not a mistake to check Nicehash regularly, sometimes they have pretty good rates.

These are no 24h profitability suggestions, but probably you don't need to cash out immediately and want to make some additional profit with selling at better prices.

SONG coin is a good one to mine - definitely.  Difficulty is pretty high right now, but that will level out soon.

you can try SONG m8
i still point my rigs to that coin
and still profit

Anyone have an opinion on the best scrypt coin to mine right now (for especially 90Mh/s and up)?

I like 42 right now.  Price is low and the difficulty is decent.  Based on past history, it seems like a coin that will bounce up in price every few weeks and then dive back down.  There is some turmoil over its future, but I'm not seeing anyone bailing out on this one yet.

This coin explodes in waves - due to the long difficulty reset.  But there are also some good, genuine people behind this coin.

I'm starting to realize that statistics typically don't show you what coin to mine.  You have to really just research research research and stay up-to-date with a particular coin's forum and website.

I agree and if you can afford to hang on to you ltc for a while that's probably a good bet also.

NVC just exploded....

(my 720 MH/s calculations)

and by the way - don't mine NVC now - the pop is over - NVC has not generated a block in over an hour since the pop.

it will take some time to recover

Dive in the price really did it for some operations at the moment. I am sure lot's turned off to reduce losses. This will be good for those who don't have that same costs and can afford to continue mining. Litecoin will halve it's reward come block 840000 or approximately 229 days. So, if litecoin can survive until then, which I have a great hope for, it will be a good bet.

Current difficulty 49199.859785780000000
Reward now Reward after halving
50 Litecoins 25 Litecoins
Blocks until halving Block mined
132085 blocks 707915 blocks
Block halving 840000st block

where have all the miners gone?

ltc network has way down: 1,256,892.27

prior 24 hour average : 1,270,302.45

Zueshash gone?

LOL

re: fork - I've been in favor of just letting the coin run out - there are a few who want to keep it alive...

matters not much to me but reducing the block reward would extend it's life though...without any momentum in terms of devs it's hard to predict it's long term viability.

I heard about the orphans -- but it seems to depend which pool you use.  Many pools I tried did have this problem making it not worth mining, except for one.

I do not experience this issue when using Hash-To-Coins pool (just looking at my logs right now -- I see maybe one orphan out of 50 blocks).  

Perhaps this is due to them having the largest hash rate for the coin (actually they have the majority of the hashrate) ?

(Edit:  Fork talk has not been abandoned).

the problem with 42 is that you only get 80% of what you'd expect because there are so many orphans - coin will be done in a little over a year. good time to stock pile them. I mined this coin a lot in the summer and it hit over 15 one day.

I was mining it at 5 when daily hash was about 500 to 600, but all good things come to an end....

fork talk has been abandoned.

So looking at 42 coin again -- it is down to 4.92 BTC -- difficulty is fairly low.  If you have 90Mh/s or more -- I'd bet this is a good one to mine for a while and then sell when it hits 5.5 BTC (which could take a month or two).  This coin always seems to follow the same pattern.  Geez - remember when it hit like over 12BTC in September?  That was wild.

But then of course - if everyone jumps on it -- then the difficulty goes up and who knows right?  I believe it retargets every 7 minutes.

Hmmm - looks like there is talk of a hard fork for this coin as there was supposed to be only 42 coins mined total and at the current rate it will be 180 in five years.

Interesting to watch this one.

The problem many times is that it only takes one person to kill the mining profitability of a coin - especially with these coins that have low difficulty and retarget the difficulty every block or two.

I've found two good strategies:

1.  Look for coins that have a long difficulty retargets (like SONG or BTM).  But as Lifeforce mentioned -- you might not be able to cash in the coins for a long time.  With BTM - I'm seeing coins that I mined over a month ago still not confirm the required 720 times.

2.  Look at the mining hash of a coin -- especially if it has a low profitability over LTC (and how many people it is coming from).  I noticed that for the past month there was a huge hash going toward 42 coin -- even though at the time it was showing low profitability for quite a while (compared to other coins).  The coin was also trading at like 5.1, the difficulty was sky high - but there was still 4Gh/s mining it.  So I thought this coin is going to be pumped up at some point.  And it definitely did just a few days ago up to I think 5.6 for a short period of time and then back down.  Talk about Ka-Ching.

I like NovaCoin - but sometimes I find it a waste because the difficulty is just too high -- giving it high variance like LTC.

I've always found it interesting that BTB always seems to be a decent fall-back coin to mine.  It always seems to have a profitability of 120% to 130% over LTC.  Never really changes.

Anyway - so with ChinaCoin - what statistics make you see it being a good mine?

In any event, I often give advice but not everyone mines solely for profitability - profit can be measured in future sales of a coin that are easy to mine today or simply "had I been mining a coin for the past 24 hours and have those coins in my wallet now - how much could I sell them for".

it's a tricky business.

For instance if you mine NVC (generates $170 in coins daily) which is always reasonably profitable it takes a day or two before you're going to see them in your wallet.

BTM is even worse - it's pops every few days in a very short period of time generating about $70 worth of coin but you won't see them in your wallet for over a week.

But then you have to take your mining power into consideration because what is a good coin for a person throwing around 500 MH/s is not best investment of mining power for a guy with let's say 60 MH/s of mining power - that is unless you're a real student of mining and want to split your hashing between several coins simultaneously.

Yesterday the best coin to mine would have been WDC with ARI a close second - ARI generated $102.68 in mineable coins &  WDC Generated $688 in coins but their btc/mh yields were very close.

I can tell you to keep your eye on CNC if you have less than 100 MH/s

the most profitable one are usually the new one for a short amount of time, than come a next new profitable one and so on