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Title: Mining low-effort coins instead of instantaneou highest-return coin Post by: teh_stork on January 16, 2018, 04:56:05 PM Hi,
I've got several years experience as a embedded programmer. Yet I find myself coming short when it comes to web scraping, scripts and fooling windows into doing what I want. Basically I'm mining 3 Cryptonight / Cryptonode coins. The difficulty is varying a lot. Coin X: Stable with high hashrate, ~250 Mh, pretty much regardless of price. ~70% of the time, I believe this is the most profitable coin (with regards to the future). Coin Y: Price all over the place. Network hashrate going from 5 Mh to 40 Mh in a blink. Quite often, with future price estimate, this coin could be vastly more profitable than Coin X. Coin Z: Stable price. Network hashrate going from ~10 Mh to ~40 Mh. To diversify my portofolio I'd like some of this aswell. I want to achieve this: 1. Scrape the current difficulty on the coins from the web. 2. Multiply this with my own estimate of future price. 3. Mine that coin. 4. Reevaluate continously and swap to the coin that scores the highest (Preferably without re-compiling and restarting miner). 5. .... 6. Profit. I think, done correctly, swapping between coins like this could increase yield from mining by 20-50% and also even the returns. Can this be achieved? Cue discussion! Thanks for the attention so far :) Title: Re: Mining low-effort coins instead of instantaneou highest-return coin Post by: teh_stork on January 17, 2018, 01:02:05 AM Noone?
Don't know if it is Nicehash or some other big fish that shows up to the low network difficulty party - but sometimes the difficulty goes from 6 Mh to ~20 Mh near instantaneous. As long as the exchange price is low, the network hashrate keep going down - until profitabillity reaches a certain point. Then boom. Someone must've done any work like what is outlined in the OP? |