Topic: Revenue drops for little miners when price surges (Read 257 times)
Instead of switching one day per week I think it is better to dedicate one of your GPUs in the rig to the long term profit coin and leave it running 24/7. And the rest of GPUs 24/7 on the pay-the-bills-coin. Mining is best when done continously at a steady pace and not switching back and forward all the time. Even if you have only one rig you don't have to run all GPUs on the same coin.
Really should be called "What to sell" more than "What to mine"
I gave up "chase the profitablity" a while ago - too much work and by the time I get all my rigs switched over TO the new "high profit" coin it's probably already dropped back down again, and you ALWAYS lose some income as you are doing the switch.
Even if you DON'T chase profitability, you still benefit SOME as other folks move their hashrate OUT of the coin you're in to something else, when the difficulty drops as a result of the hashrate drop.
IMO it would be better to leave most of your RIGS on the "basic coin" for paying the bills and use a few "specific" rigs to go chase the new coins for long-shot "surge" returns.
Depends on how many rigs you have though - not practical to do that if you only have one or 2 rigs.
Even if you DON'T chase profitability, you still benefit SOME as other folks move their hashrate OUT of the coin you're in to something else, when the difficulty drops as a result of the hashrate drop.
IMO it would be better to leave most of your RIGS on the "basic coin" for paying the bills and use a few "specific" rigs to go chase the new coins for long-shot "surge" returns.
Depends on how many rigs you have though - not practical to do that if you only have one or 2 rigs.
Thanks for the feedback. Good strategy : to little mine a coin for the future, alongside, 6/7 day, a classic coin used as and when.
For sure there is a deal arrangement to enter the https://whattomine.com list just like to be listed on coinmarketcap or any exchange : cryptopia, bittrex, binance, bitfinex
I'm wondering about "experimental mining" : mining non traded coins. First we have to find it, install the wallet and the daemon, dl the blocks, the miners...
For the newly-listed we can refer to the well-known alt-alt pools : https://altminer.net/info or http://zpool.ca/ which could give an idea of the future mined coins
But about experimental solo mining or beta testing I guess the unreleased coins lies in https://bitcointalk.org/index.php?board=159.0
Here what a mess.
For sure there is a deal arrangement to enter the https://whattomine.com list just like to be listed on coinmarketcap or any exchange : cryptopia, bittrex, binance, bitfinex
I'm wondering about "experimental mining" : mining non traded coins. First we have to find it, install the wallet and the daemon, dl the blocks, the miners...
For the newly-listed we can refer to the well-known alt-alt pools : https://altminer.net/info or http://zpool.ca/ which could give an idea of the future mined coins
But about experimental solo mining or beta testing I guess the unreleased coins lies in https://bitcointalk.org/index.php?board=159.0
Here what a mess.
Switching programs always chase the hot coin and are always behind the wave.
You should not use them.
You should pick coin A ------ stable money maker mine it six days in a row and sell it.
You should pick coin B ------ A shot in the dark mine it 1 day and hold it or list it at a stupid high price on an exchange.
Say it is worth 1 dollar when you mine it. list it for sale at 10
Every 7th day mine it and list it for sale at 10x the price you mined it. This is your I made a fucking score coin.
Coin A is your it pays the bills coin.
Say you do xmr with that card to pay the bills 6 days a week and do zcl 1 day a week listing it at the high price. If zcl takes off you score.
and xmr/monero is paying the bills for the six days a week
This is probably the wisest advice anyone can give when it comes to mining. It's basically what I keep telling people when they look at me like I'm crazy for mining some worthless coin.
A truly Legendary when it comes to mining strategies, A trustworthy person that provides fruitful information and reviews, thus never stops sharing his wisdom to all of us. Hats off to you bro Phil. for me you're one of the foundations in mining here in bitcointalk.
Sites like whattomine look at difficulty, block reward and coin value. When a site like that tells everyone [insert coin here] is the most profitable, everyone switches to that coin which jacks up the difficulty and makes the coin no longer profitable. It's a paradox.
good analysis .
@ op you got to a coin early before the switching Killed it off.
Switching programs always chase the hot coin and are always behind the wave.
You should not use them.
You should pick coin A ------ stable money maker mine it six days in a row and sell it.
You should pick coin B ------ A shot in the dark mine it 1 day and hold it or list it at a stupid high price on an exchange.
Say it is worth 1 dollar when you mine it. list it for sale at 10
Every 7th day mine it and list it for sale at 10x the price you mined it. This is your I made a fucking score coin.
Coin A is your it pays the bills coin.
Say you do xmr with that card to pay the bills 6 days a week and do zcl 1 day a week listing it at the high price. If zcl takes off you score.
and xmr/monero is paying the bills for the six days a week
Wow, haven't thought to do my mining this way. Will try it out from now on!
+1 to you, sir
! 
Switching programs always chase the hot coin and are always behind the wave.
You should not use them.
You should pick coin A ------ stable money maker mine it six days in a row and sell it.
You should pick coin B ------ A shot in the dark mine it 1 day and hold it or list it at a stupid high price on an exchange.
Say it is worth 1 dollar when you mine it. list it for sale at 10
Every 7th day mine it and list it for sale at 10x the price you mined it. This is your I made a fucking score coin.
Coin A is your it pays the bills coin.
Say you do xmr with that card to pay the bills 6 days a week and do zcl 1 day a week listing it at the high price. If zcl takes off you score.
and xmr/monero is paying the bills for the six days a week
This is probably the wisest advice anyone can give when it comes to mining. It's basically what I keep telling people when they look at me like I'm crazy for mining some worthless coin.
Sites like whattomine look at difficulty, block reward and coin value. When a site like that tells everyone [insert coin here] is the most profitable, everyone switches to that coin which jacks up the difficulty and makes the coin no longer profitable. It's a paradox.
good analysis .
@ op you got to a coin early before the switching Killed it off.
Switching programs always chase the hot coin and are always behind the wave.
You should not use them.
You should pick coin A ------ stable money maker mine it six days in a row and sell it.
You should pick coin B ------ A shot in the dark mine it 1 day and hold it or list it at a stupid high price on an exchange.
Say it is worth 1 dollar when you mine it. list it for sale at 10
Every 7th day mine it and list it for sale at 10x the price you mined it. This is your I made a fucking score coin.
Coin A is your it pays the bills coin.
Say you do xmr with that card to pay the bills 6 days a week and do zcl 1 day a week listing it at the high price. If zcl takes off you score.
and xmr/monero is paying the bills for the six days a week
Sites like whattomine look at difficulty, block reward and coin value. When a site like that tells everyone [insert coin here] is the most profitable, everyone switches to that coin which jacks up the difficulty and makes the coin no longer profitable. It's a paradox.
With my PC and a RX580 I've pool mined some ZCL before it surges (and already sold it
I observed that my revenue drastically drops when the whattomine revenue for 7 days was more than 150%
The same about SUMO.
I guess the big rigs are slower to switch to a surging crypto ?
So I don't really know if for me following whattomine is a good thing. But who can mine and hold his coins ?
Any advice appreciated, I'm a pure beginner.
I observed that my revenue drastically drops when the whattomine revenue for 7 days was more than 150%
The same about SUMO.
I guess the big rigs are slower to switch to a surging crypto ?
So I don't really know if for me following whattomine is a good thing. But who can mine and hold his coins ?
Any advice appreciated, I'm a pure beginner.
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