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Title: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: blazin8s on September 27, 2013, 03:03:51 PM If alt-coin mining is going to continue to be profitable this needs to change. 400-500% of BTC isn't shit anymore.
And coinchoose seems like a joke. Right now it says Noirbits is nearly 1500% higher than BTC, but calculating it myself it's actually less than Litecoin which is nearly 3x less. I see this kind of thing on there all the time. Not only that it's killing all the coins thanks to all the coin hoppers. Title: Re: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: elambert on September 27, 2013, 03:07:14 PM If alt-coin mining is going to continue to be profitable this needs to change. 400-500% of BTC isn't shit anymore. And coinbase seems like a joke. Right now it says Noirbits is nearly 1500% higher than BTC, but calculating it myself it's actually less than Litecoin Coinbase? You mean coinchoose? Title: Re: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: blazin8s on September 27, 2013, 03:08:09 PM Yes my mistake
Title: Re: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: nearmiss on September 27, 2013, 03:57:07 PM If alt-coin mining is going to continue to be profitable this needs to change. 400-500% of BTC isn't shit anymore. And coinchoose seems like a joke. Right now it says Noirbits is nearly 1500% higher than BTC, but calculating it myself it's actually less than Litecoin which is nearly 3x less. I see this kind of thing on there all the time. Not only that it's killing all the coins thanks to all the coin hoppers. If you are small miner than coinchose and similar websites can be of some help but if you are medium or big miner than those websites are not really helpfull and it is so because they are not taking in calculation the volume of buy orders. If current highest buy order price for some coin is 0.01 BTC and person is buying just 1 coin than out of your 10 coins mined you can sell just one for 0.01 BTC. Dumping your other 9 coins might drop price a lot so once you sell all 10 coins you might end with 0.075 BTC or less instead of 0.1 BTC as stated by coinchose. I'm pretty sure thats not true, and the sites do take some level of market depth into account. I'm sure sal could chime in if he sees this. Title: Re: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: blazin8s on September 27, 2013, 07:53:37 PM One problem with coinchoose is they lag in updating difficulty. Noirbits all morning has been near the top saying .27 difficulty when it really is 1.29 being 4.77 times higher. This nonsense happens pretty frequently.
Title: Re: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: QuantPlus on September 27, 2013, 08:07:41 PM One problem with coinchoose is they lag in updating difficulty. Noirbits all morning has been near the top saying .27 difficulty when it really is 1.29 being 4.77 times higher. This nonsense happens pretty frequently. You get what you pay for. Title: Re: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: Piotrsama on September 27, 2013, 08:21:08 PM You get what you pay for. Pretty much this. But yes, I hate those spikes that ruin the whole graph. Title: Re: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: FiiNALiZE on September 27, 2013, 08:38:47 PM One problem with coinchoose is they lag in updating difficulty. Noirbits all morning has been near the top saying .27 difficulty when it really is 1.29 being 4.77 times higher. This nonsense happens pretty frequently. You get what you pay for. And what exactly did you pay? Title: Re: Bitcoin Difficulty Keeps Going Up, Ultcoin Ratio Staying The Same Post by: claycoins on September 27, 2013, 11:50:43 PM You either need to mine coins for future value or mine for current value and sell those coins and buy ones that you believe will be worth more in future.
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