Bitcoin Forum

I’ve been mining on Ahaspool for a month or so without really understanding the mechanics.

I decided to figure out exactly how it works after I noticed something strange while working on a different miner:

Mining has not been good lately, I think the top coin 3 days ago was x17 at about $11. (4 1080 ti’s)

All of a sudden Denarius shot to the top at $37/day, and my computer locked on.

Mining lasted for about 13 min, and then Denarius dropped down to $8.50 or so, putting X17 back on top.

2 min later Denarius dropped all the way to $2.27.

I looked at the dashboard and found that all of the mined Denarius still had to mature before hitting the exchange.

I figured it would be good to know how long it takes each coin to mature after it gets mined, so I collected data for a few hours, averaged a few things, and came up with the table below. It shows the time to maturity for each coin. Missing a few coins I am sure.

The time to maturity should be based on the network (not the pool) hash rate, and should be pretty stable day to day. (maybe not for smaller coins).

These values are probably not 100% accurate, but  close enough for me.

                               Blocks To maturity   Min to Maturity
tribus        Denarius       30                        20
neoscrypt  Feather           101                      50
skein        AuroraCoin        81                        65
xevan   Solaris           60                         67
x17   Verge                  140                        78
nist5   Bulwark                67                        111
lyra2v2   Mona          101                       125
x17   SHIELD                 260                      203
skein   Unitus                 181                      209
lyra2v2   VertCoin         101                      239
neoscrypt   Innova        101                     250
neoscrypt   Desire        101                    377
neoscrypt   Vivo               101                    556
xevan   BitSend         250                    968


So looking at my chart, Denarius takes about 20 min to mature.

Lets follow the scenario for me:
•   I mined for 13 min with Denarius at $37
•   Denarius dropped to $8
•   I stopped mining
•   Denarius dropped to $2.27
•   My shares matured
•   My shares went to the exchange at $2.27 NOT $37

So…  I mined xxx Denarius, thinking I get a high price, then it turns out it sold/exchanged to someone/somewhere at a much lower price.

Of course, this is the same for every coin, you mine for a while, then the price drops, you stop mining, and then a while later it hits the exchange. Might be higher, might be lower.

I have a theory.

I have a lot of questions
-   Optimum interval time
-   What exchange do these numbers come from
-   What coins should be eliminated from my pool search
-   How often should I analyze adding coins back in
-   Is there a pattern to which coin is on top
-   Who is the mined matured coin sold to
-   Can this pattern be manipulated? (force something high, then drop the price) (why)
-       Do coins stay at the top longer than their maturity time?
-   Etc.

More to come.

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