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Title: Poolhopping, Is it really worth it? Post by: Etherion on November 20, 2017, 02:44:03 PM 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? Title: Re: Poolhopping, Is it really worth it? Post by: Etherion on November 20, 2017, 06:48:25 PM Maybe I should call it chain hopping as pool hopping refer to changing to a different pool but on the same chain.
Title: Re: Poolhopping, Is it really worth it? Post by: Deathwing on November 20, 2017, 06:53:09 PM Depends, sometimes you can get a lot of coins because of the low difficulty, then just sell them instantly and repeat the process. It might not worth it if you are investing low on Nicehash though.
Title: Re: Poolhopping, Is it really worth it? Post by: chup on November 20, 2017, 06:56:55 PM No
Title: Re: Poolhopping, Is it really worth it? Post by: Etherion on November 20, 2017, 07:03:25 PM Depends, sometimes you can get a lot of coins because of the low difficulty, then just sell them instantly and repeat the process. It might not worth it if you are investing low on Nicehash though. I have 40 1070 that I can direct where I want. So I am trying to find a strategy that would work better than just mining to Nicehash and having others do the dirty work. The idea is to go for the coins that have low difficulty due to over hashed flooding that occurred moment before. But that said If I see it then surely other see it also and by the time that a block has been mind the bots are swarming again with that coin. |