Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: N0One on January 23, 2018, 01:18:39 AM



Title: Measuring pool potential?
Post by: N0One on January 23, 2018, 01:18:39 AM
Has anyone found or created a calculator or algorithm which hits YIIMP's api to calculate what you would have made if you had contributed your mining hashrate to a pool over x timeframe? Basically, a way to try to weigh in the factors and identify the best pool? Right now, it feels like guesswork.

I'm only mining a single 1080 and can't decide if being a tiny fish in a big pool or a small fish in a small pool ends up more profitable.

Mining BTX, we have a few viable pools to work with.

bitcorepool.cc : no transaction fee : 1.5% pool fee : proportional : high volume
yiimp.eu : no transaction fee : 2% pool fee : proportional : high volume
supernova : 0.1% transaction fee : 1% pool fee : PPLNS : high volume
umine.org : ? transaction fee : 0.5% pool fee : proportional : medium volume
Psychedelic.fi : no transaction fee : -5% pool fee (not a typo) : proportional > soon PPLNS : very low volume.



Title: Re: Measuring pool potential?
Post by: MagicSmoker on February 01, 2018, 01:31:19 PM
In the end (over a longer period of time) it will even out, whichever you choose.

If you're mining on a smaller pool: payouts will be bigger but occur less often
If you're mining on a bigger pool: payouts will be smaller but occur more often
...

This is the conventional wisdom, yes, and I don't necessarily disagree with it, but in my experience so far (admittedly not much), the longer the average time to find a block on a pool the lower the payout I receive, regardless of how long I mine at the pool. Theoretically there should be times when I get much more than the average payout balancing out the times I get much less on these smaller pools, but it seems that only the much lower payouts occur for me.

The most extreme example for me so far has been mining VTC on the give-me-coins pool which finds a block every 30+ hours or so; from a statistics standpoint I would need to mine there for nearly a year for my earnings to average out, and in the immortal words of Sweet Brown, "ain't nobody got time fo dat."