Topic: Whattomine - profitability website with basic json. - page 56. (Read 94958 times)

I had already mentioned it twice on the DigiByte thread, each time with no response from either the Devs or anyone else for that matter.

Thinking that maybe I hadn't been direct enough, I posted the issue again last night in no uncertain terms, and it looks like this time it's getting a serious response, if only at least from the community - the DigiByte response from what is called an "Official DigiByte Account" in its signature line was: "This information is coming from 1 mining pool. Not the entire DigiByte network."

What's even more disturbing is that when you go back in time on the DGB Blockchain, you find that this began with the implementation of DigiShield back in Februrary. Not good. All the details (other contributor's contributions as well) can be found in recent posts on their thread. https://bitcointalk.org/index.php?topic=408268.9620

BTW, thanks for the quick explanation regarding profitability estimating using diff vs. wallet based calculations. Your logical assumptions seem very solid to me.

Hey HR,

See you are digging deeper For question about blocks, I suggest you take it to DGB team - it is disturbing indeed.

I can however answer your nethash question. WTM derives nethash from difficulty - it is working on an assumption that retarget works flawlessly.
Coinwarz is getting data from wallets, where you can simply send nethash rpc command to get computed response(I could actually use nethash api from ABE blocks, but not all explorers are based on ABE, I just preferred to give estimates based on diff).
Bottom line Coinwarz and all wallet based calculators will use "latest few blocks time generation to estimate nethash", wheter WTM and alike will use "derive nethash from current difficulty".

As you currently observed blocktime generation for DGB is wrong - blocks are not as frequent as they should be, hence WTM gives you higher nethash(diff is still being retarget as block were made each minute).

@fredeq

Took a look at UTC, and like you said, current profitability is way down, and the network hashrate is only about 8 Mh/s (if my rough estimate is correct). Still haven't had time to look at JPC more than take a quick look at its [ANN] page, but it looks intriguing.  


Quick question for you. I'm sure you've seen it often since you're into following these things up close. I've only 'noticed' it before (or at least I think this is the same thing) when real payouts have not matched expected payouts - I've chalked it up to other possible factors like inefficiency or outright pool skimming. However, yesterday, on DGB the issue was so obviously a network issue that I delved into it and discovered something very strange.

DBG was stuck on block 131993 for over an hour and a half, and I started looking at the block chain and I noticed that it had been taking progressively longer to find blocks, with only an average of 10.66 blocks found per hour over the previous 24 hours and only an average of 19.25 blocks found per hour over the previous 5 days.

That's extremely strange for a coin that's designed for 60 second rewards (60 blocks found per hour). As far as I can see, when going back and comparing when slowdowns occur, there is no correlation with difficulty what-so-ever. As far as I can see, the coin seems to get 'stuck' at random intervals. http://explorer.cryptopoolmining.com/chain/DigiByte

11,066,400 theoretical total coins per day = 461,100 total coins per hour = ~153.7 coins per hour at 1 MH/s or ~3688 coins a day, exactly what is reported as "Est Rewards" on What To Mine.

At 10.66 blocks per hour those totals fall to 1,966,130 coins day = 81,922 hour = ~27.3 per hour at 1 MH/s or ~655 coins a day (~1183 a day at 19.25 blocks per hour). That sure smashes whatever profitability there might have been to begin with! And, as I said to start, I'm not sure this is an isolated case.


Do you know or have any ideas about what causes this to happen?


Add:

Last 24 hours since block 191994 (purposely leaving the 1 hour and 45 minutes from 191993 to 191994 out of the mix): 8.25 blocks found per hour, for a total of 1,521,630 coins at an average of 63,401.25 coins an hour yielding 21.1 coins per each 1 MH/s of hashing power, or 507.16 coins on a daily, 24 hour basis. HORRIBLE.


BTW, I'm also wondering why CoinWarz and MiningPool.co both report around 1/6th the network hashrate that What To Mine reports (if those were correct, then a 1 MH/s miner would be getting around 24,600 DGB on a daily basis if the theoretical 60 x 24 x 7685 was actually happening). How are these discrepancies explained?


Independent of the actual network hashrate, there's no arguing the fact that only 198 blocks were found in the last 24 hours on a coin that is coded to deliver 1440. What explanation might there be for that?

Thanks for the update!  YAC profitability down temporarily until diff adjusts, but that's to be expected.

@Richard May I know why do you come here to tell him that? Wouldnt it be better to just send him a PM?

Back on topic now. Switched YACoin to NF15.

@HR Gkad you like it

I have been into UTC with all my miners for quite long time now. Things may look bad now, but it still gives me best BTC revenue at the end of the day.

Lately I am thinking about switching algos. Still X11 is not worth it, scrypt-N gives me weird results - I am thinking groestl or one of the secondary algos. Really tempted to try out Jackpotcoin.

Mine 'um and Get Out of 'um

Mine 'um and Get Out of 'um, that's what I've been doing over the last several weeks. DMD, DRK and EXE were my favorite mines, and DGB my favorite “way oversold” best buy on the open market. Had a sprinkling of SRC and VTC mining as well. There's a couple a scrypt coins that could be on that list, but I refuse to support scrypt (the gross returns are minimal and net returns worse, so why bother anyway?) with the exception of building a size position in DGB on the expectation of an algo change with them.

Things have changed in the last few days though, and I'm no longer getting the 3-4x ratio on the DGB over directly mining it. (You could buy 3 to 4 times the amount of DGB with the proceeds from mining the most profitable coin than you could by directly mining it.) It's more like a 2x ratio now, and with the hassle of selling, then buying, and then getting it back to your wallet, you've got a half hour process on your hands (or longer if you bid instead of taking the offer), and it's not worth it.

So now I'm letting the coins I mine go directly to my wallet for ease of use and a bit of diversification. I like EXE, SRC and VTC longer term so, hey, why not accumulate some of them too (and if the price jumps a bunch . . . who knows?). I'm currently on EXE and GRS (like that one a lot too).

Don't know how long this current profitability picture will last, but steady longer term trends may be settling in and it just might be that putting miners on long term accumulation coins turns out to be a fairly good proposition not just for the moment, but also for the longer term.


What's your take? What have you been doing?


BTW, I Like What To Mine!

Added Entropycoin ENC Scrypt-N, Jackpotcoin JPC JHA.

http://www.whattomine.com/coins/79-enc-scrypt-n
http://www.whattomine.com/coins/80-jpc-jha

Added two SHA256 coins: Curecoin and Savecoin. Also LitecoinX, X11 coin.

http://www.whattomine.com/coins/76-cure-sha-256
http://www.whattomine.com/coins/77-spc-sha-256
http://www.whattomine.com/coins/78-ltcx-x11

Thanks!

Replaced Heavycoin form with Keccak.

Added Maxcoin, 365coin, Cryptometh from keccak algo.
Also added Phoenixcoin and Orbitcoin.

Please add Capital Coin (CPTL)

CapitalCoin | 0% PreMine | Scrypt PoS | Already On bittrex Exchange

For the PoW Stage the coin algorithm utilizes Moore's law which accurately predicts the growth of computational power.


Heres the ANN --> https://bitcointalksearch.org/topic/ann-capitalcoin-0-premine-scrypt-pos-on-exchange-update-52414-589930

When someone opens my site without any parameters, he will see that 1000 khash/s of scrypt translates to 14 khash/s of YAC. Thats true only for those 270 4GB RAM
Will reduce the multiplier (0.014), cause right now I feel like bending reality with YAC profitability.

In the meantime added X11 XC http://www.whattomine.com/coins/69-xc-x11, Mazacoin MZC http://www.whattomine.com/coins/70-mzc-sha-256.
Also reduced loading time by approx 30%.

What multiplier are you talking about?

Thank you for the remainder Thirty.

I am thinking about delisting MRC till LTC market opens. Will just switch existing forms to higher nfactor.
Also I would like to change multiplier on YAC. Its true only for low-end cards and most people have 280x.

Any idea for default(280x) hashrates at 13 factor?

Looking forward to that!

Hey fredeq,

All of the Chacha coins on whattomine are changing NFactors in the next couple weeks and will need an update.

5/24 - UTC to NF 13
5/31 - YAC to NF 15
6/1 - MRC to NF 13

thank you sir!

Can you add LGD Legendary Coin? Please.

ANN--> https://bitcointalksearch.org/topic/annlgd-legendary-coin-cryptsybittrexnew-merchants-many-games-scrypt-530175

Thanks!

Awesome as usual.

@Svener Thank you

Added Aiden, ADN. Hashrate taken from Scrypt. If you want to input yours, go to http://www.whattomine.com/coins/65-adn-scrypt-og