Topic: Scrypt Coin Miners - stop wasting hash and start making more money! - page 3. (Read 13739 times)

Again - your coins right now are worth nothing.  I'm not being a jerk -- just trying to sort through everything and get some facts.

I'm not interested in PolyBit.  It looks like a typical IPO scam.  Sorry.

LOL - ok - so the coin is not even trading?  And I am a known SMH hater?  Seriously?  What does that mean?

I'm just saying anyone can mine a gazillion coins that have no value.  I was just curious what the value of them would be right now.  And I guess you are saying that right now they are worth nothing.

No intelligent miner would trash a new coin by dumping like that, that's a stupid rookie move..  I would be offended that you even suggested it, except that you're a known SMH hater.

There's much more profit to be made by holding.  You know that, and I know that.  For you to suggest dumping just shows you want to twist for your own advantage, and show a negative any way that you can.

But just to rub it in a little, if the coin ever makes it to near 600 sats, 1 day's mining will make the same btc that my 2 year smarterhash subscription cost me.  So SMH would pay for itself for the 3rd time, in 7 months.

-edit- Correction: subtract about $3 from the possible profits, as I rented a little hash once the diff started climbing, but before the rest of the pools joined, to boost my tally before the world caught on..  Because I could efficiently watch the blockchain, I noticed the solo miners snagging an increasing amount of blocks, and decided to get while the getting was good.  

Block Chain trivia question.

what popular scrypt coin generates 100% of it's blocks in just 10 hours out of the day - leaving your hash wasted for the other 14 hours if you're mining it?

Ok - so you mined a ton of coins.  How much did they sell for???

Yup, I will take a second and praise Smarterhash..

Smarterhash recently capitalized on a coin launch.  Correction, Smarterhash MINERS just capitalized on a coin launch, when Smarterhash was the only pool ready at coin launch.

The coin developers mis-calculated the launch, and in one day I mined what would take me over 6 months to mine at the current hash-rate. (after everybody else caught up)

This, is what having a service like Smarterhash is all about, it pays for itself!!! (over and over again)

I was misinformed on the price, 50 a year isn't bad but a 10% fee seems like a good side solution.

Such a stupid payment plan, they would easily increase their users by ten fold if they had dual options of 50$ a month or a 10-15% fee.

Ok well.. I think the best way is to just try it.

Vegas

My goal in creating SmarterHash was to give all SmarterHash subscribers a very powerful and distinct advantage over all other scrypt coin miners and access to  tools and data and that allow our members the creativity to tailor the tools to meet their individual mining needs and goals. Not everyone always mines strictly for profits, sometimes we mine a coin because Network Hash is low and we know from our own research that a particular coin price may be depressed and SmarterHash lets us know that now is a great time to get a large % of network hash to accumulate as many coins as possible. And sometimes we want to mine purely for profit!

Which brings up the question "Does it mine the most profitable coin automatically?" The entire notion of a "Profit Switching Multi Pool" is counter-intuitive and self defeating when you really think about it. If you want to make a profit, you find the highest yielding coin with the lowest network hash, you don't take everyone in your pool and throw them at a certain coin. The only thing accomplished by doing this is offering fewer coins to everyone involved since there's more competition for blocks - it's absurd.

The basic problem is this: if you take everyone's hash and throw it all at a coin they have to leave another coin to mine this coin. As soon as they leave the other coin, it's network hash drops and it's profitability per Mh/s increases and you wind up constantly switching everyone from coin to coin. Furthermore, just because a coin has a high value does not mean you can sell it for that value since values change constantly and it takes time for the coins to be confirmed in the pools wallet before they be transferred to your wallet.

What SmarterHash offers is the ability to be as 'clever' and 'creative' as you can be in terms of  discovering and selecting which coins are most profitable or suit your mining goals the best. That is our philosophy - we empower our members to be more profitable than other miners who do not have access to SmarterHash. Even if you never make use of our Alerts and Strategies, your advantages over other miners is incredible because we give you real time accurate estimates based on real time block chain data and real time coin values - this information cannot be found anywhere else. That is our philosophy - to empower you!

As a smaller miner, Smarterhash is the best thing I've ever done.
I looked at it when it first came out and thought ....Meh, I can do that on my own, I always have.
Broke down a while back when the money back guarantee came out.

It's a tool, that used properly, helps you decide what do with the hash you have.
It's a fact....most miners are just spinning their wheels , hashing away on coins at high difficulty and low block release against other miners doing the same.

If you want your hash to mean something ....get Smarterhash.

well - I have no ideas what coins will be released in the future but here's our current list and we're fairly aggressive when it comes to creating pools for new 'legitimate looking' scrypt coins.

thanks for asking:

http://pools.smarterhash.com