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Title: Predicting GPU profitability for the next few months?? Post by: Clayce on January 22, 2014, 08:47:28 AM I am trying to determine the GPU mining profitability for the next few months, Ill probably be using a coin switching pool with about 15-20MHs. As of today coinwarz has TAG coin the most profitable, at about .0285/day per MHs (Doge at .0151/day per MH). I understand the volatile variables that come into play when choosing the most profitable alt coin to mine (price,diff level etc), but how can you estimate what 1MH/s can mine per day say 2 months from now?
If these coin switching pools are always switching to the most profitable coin, and new coins are always being released, what could be the biggest hit to the value of 1MHs of GPU mining power in the near future? I know the most obvious answer's when scrypt asics come out, but Alpha T still looks like its months away. Title: Re: Predicting GPU profitability for the next few months?? Post by: oberstkrieger on January 22, 2014, 09:23:45 AM I am trying to determine the GPU mining profitability for the next few months, Ill probably be using a coin switching pool with about 15-20MHs. As of today coinwarz has TAG coin the most profitable, at about .0285/day per MHs (Doge at .0151/day per MH). I understand the volatile variables that come into play when choosing the most profitable alt coin to mine (price,diff level etc), but how can you estimate what 1MH/s can mine per day say 2 months from now? If these coin switching pools are always switching to the most profitable coin, and new coins are always being released, what could be the biggest hit to the value of 1MHs of GPU mining power in the near future? I know the most obvious answer's when scrypt asics come out, but Alpha T still looks like its months away. Alpha T looks like a scam to me... Title: Re: Predicting GPU profitability for the next few months?? Post by: Starscream on January 22, 2014, 10:39:41 AM I am trying to determine the GPU mining profitability for the next few months, Ill probably be using a coin switching pool with about 15-20MHs. As of today coinwarz has TAG coin the most profitable, at about .0285/day per MHs (Doge at .0151/day per MH). I understand the volatile variables that come into play when choosing the most profitable alt coin to mine (price,diff level etc), but how can you estimate what 1MH/s can mine per day say 2 months from now? If these coin switching pools are always switching to the most profitable coin, and new coins are always being released, what could be the biggest hit to the value of 1MHs of GPU mining power in the near future? I know the most obvious answer's when scrypt asics come out, but Alpha T still looks like its months away. Alpha T looks like a scam to me... I second that. Title: Re: Predicting GPU profitability for the next few months?? Post by: AtlantisPlatform on January 23, 2014, 01:50:30 AM I am trying to determine the GPU mining profitability for the next few months, Ill probably be using a coin switching pool with about 15-20MHs. As of today coinwarz has TAG coin the most profitable, at about .0285/day per MHs (Doge at .0151/day per MH). I understand the volatile variables that come into play when choosing the most profitable alt coin to mine (price,diff level etc), but how can you estimate what 1MH/s can mine per day say 2 months from now? If these coin switching pools are always switching to the most profitable coin, and new coins are always being released, what could be the biggest hit to the value of 1MHs of GPU mining power in the near future? I know the most obvious answer's when scrypt asics come out, but Alpha T still looks like its months away. You are much better off at Coinwarz, to look at the 14 day average of the coin, that is the one that willl likely be better to mine. See TAG is way down the list already, if a coin is artificially pumped up for a few minutes, it goes to the top. Not very reliable. Doge has one of the highest 14 day averages listed now. Title: Re: Predicting GPU profitability for the next few months?? Post by: bjalbert on January 23, 2014, 04:48:19 AM Another tip look at volume not the coin of the moment. Right now Doge and Lotto are where you should be since they will be solid at least for a while.
Title: Re: Predicting GPU profitability for the next few months?? Post by: anderl on January 23, 2014, 06:48:44 AM Be careful with coin switching pools. Because they bounce from coin to coin so much they can go for a while without finding blocks. Especially if profitability difference of coins is small. I've noticed that some are not accurate either. They switch to most profitable but by the time you get confirmations to deposit to your wallet and then send to an exchange traders on the exchange will dump anticipating the miners.
I used to deal with in mining FTC. By the time I got coins to btc-e the price collapsed. So I left the coins there waiting for the next pump. Title: Re: Predicting GPU profitability for the next few months?? Post by: kalus on January 23, 2014, 06:26:51 PM Be careful with coin switching pools. Because they bounce from coin to coin so much they can go for a while without finding blocks. Especially if profitability difference of coins is small. I've noticed that some are not accurate either. They switch to most profitable but by the time you get confirmations to deposit to your wallet and then send to an exchange traders on the exchange will dump anticipating the miners. Both the mining and the selling are linked together. If you are basing your decision to mine purely on the most profitability, you're actually mining behind the curve.I used to deal with in mining FTC. By the time I got coins to btc-e the price collapsed. So I left the coins there waiting for the next pump. A coin switching pool like middlecoin pays out in btc. they take care of auto-switching to a coin, but take into account how the trade bot will sell the coins. all of that precise timing is taken care for me, and i can let the farm mine for weeks without touching anything. I just want to mine and not micromanage my trades. i would recommend a coin switching pool that pays out in bitcoin or litecoin. the wallet gets paid out and i never have to login to an exchange and worry about price fluctuation. this is a fair tradeoff for me because buys free time for me to do non-mining/trading things. |