pw, are you sure about the 4x factor calculation(x11 vs scrypt)? my rigs report a 2.85x-3.13x x11 vs scrypt. is it a problem on my end or a typo?
I haven't looked into it much yet, that first 4x comment was just taken from somewhere I saw it. It also varies by device, some devices might be 3x, some might be 5x
vsLTC on the stats page is by day (from 00:00:00 to 23:59:59). The one up in the header is past 24hrs (-24hrs to now).
not sure where to post this but does anyone have a link to really describe the differentiation between script-N and X11. I have been mining for 7 months and really have been too busy read up on this until now. I have been on wafflepool since the beginning.
Just a different POW algorithm, and not an amazingly complex one at that, they just strung together 11 different algorithms in series as "one" algorithm. algo1(algo2(algo3(....)))
Is there constant work on new Profitability algos? There is a guy on the clever thread who wrote his own coin switching algo and is getting 0.004 whilst clever / waffle are getting half... I am just thinking since times are changing wouldn't it be better to try new things, spread hashrates over 10 different coins at a time which may allow us to mine the smaller coins.. I am just thinking if people have figured out new ways & combinations to mine for more profit there must be better ways out there..
mh/btc is getting really bad... I mean 0.002 is getting ridiculous..
I wonder what poolwarz is like they have a monster queue... even if they charge $12 per month if its @ 0.004 Or higher its worth it. Maybe not the best place to ask but anyone mining anywhere else? PM me plz!! we need a awesome comparison site to see how all these multipools compare
poolpicker.eu does comparisons, so do a lot of places (google is your friend). The base number of 0.002 is 100% based on LTC profitability to BTC however, I would be very surprised at anyone getting 0.004 on average over a decent sample size. The other thing to mention however, is that almost anyone on their own should be able to beat out wafflepool doing it themselves. We have to switch about 200,000 different connections, at 40GHs, and for the most part be more profitable than straight LTC across the board. This means no mining super small coins (5 difficulty and under), and for reasonably small coins (under 30-40 difficulty), need to switch parts of the pool to avoid all sorts of problems. Not to mention we have latency to clients, etc.
If you were to run the 30ish coindaemons locally (a huge amount of bandwidth), and pull prices from 3-4 exchanges locally, and write your own switcher locally (no latency) for just your own miner, and do all of the sending/exchanging coins at those 3-4 exchanges (and the market analysis so you dont get caught in pump/dumps), you should be almost guaranteed to beat out any pool doing the same thing. You could probably beat us out by 15-20% almost all of the time.
The difference is between taking 30 seconds to type in our endpoint + your bitcoin address, and probably a solid month of work (and not terribly easy work), plus constant monitoring/tweaking for 15-20% profits. There's a reason we're still around