I have been watching a few Neocrypt Altcoins and see there network hashrates jumps around like mad. for example feathercoin
https://www.coinwarz.com/network-hashrate-charts/feathercoin-network-hashrate-chart. It can go, in a few blocks, from 1GHs to 10GH/s
In the above chart, it looks a lot more stable than what is happening per block.
The only explanation is that bots are buying has power form Nichash and dumping it on the small coins when their difficulty drops below a point. But they buy too much and dilution profitability. Only to stop a few block later. Just looking at
https://www.nicehash.com/algorithm/neoscrypt As block time is in the order of 1 - 2 minutes I can't see that this is a good strategy. Nicehash is PPS so your cost is fixed and your income is random.
I was thinking of setting up a stratum proxy that will do similar coin hopping. Including hop to Nicehash but I'm doubting that over time it would be more profitable. The reason is that at the same time that I hope some bot on Nicehas will place an order as well. Has anyone had experience with this? I really don;t want to mine to a coin when the difficulty is x5 to high and therefore the coin reward is so low.
Do pools have an anti-hopping mechanism building? to penalize hoppers? Or is that taken care of by the PPLN system?
