Bitcoin Forum

The question is, do you trust whattomine.com?
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.

Should I mine something more profitable? Please share your thoughts, thank you  :)

yes. but WhatToMine not that accurate because of changing value overtime. But this site can use as reference on your average mining calculation. :)

You have to take into account a few factors when chasing the highest profitability. While it may be the highest profitability for a few hours, by the time you cash that coin type out it may not be. Chasing max profit usually ends up costing people money because they dont think about how fluid the market is and how quickly these things change. I have found that its best to stick with a coin you feel has the strongest future ahead of it since most people arent going to exchange their small amount of coin every couple of hours to max out the daily fiat gains.


Because of this, I feel like people chasing what the whattomine site tells you is the most profitable in that instance is a waste of time.

sure i trust them! why shoulnt i?

Nothing wrong with them but I would mine whatever coin you believe in.
For example. I believe in Eth. I only get ~0.5 eth\month per 100 MHs and there might be something more profitable right now. However since I believe that eth will surpass $2k in the next 12 months, I mine eth.

I think so too.

it is not always convenient (in a mid/log term time range) to mine the most profitable coin. You must look not only to the current fiat profit but, for example, the number of coin reward. At 220 mh/s u will get 0.03 eth/day or 500 musiccoin/day. which one is better? who knows !?!?  ::)

btw whattomine is an excellent starting point for analysis and making by yourself the right decision  ;)

me personally:  no.  never.

I don't trust sheep following sheep.  Take that as you may ;)


About 6 months ago when whattomine was saying one thing or the other;  I was making a killing on other algos/coins.

You can either pick the current most profitable coin based on what they say and sell asap, or you can mine one coin and HODL the coins, hoping price goes up. The second one is, of course, riskier, but the reward can also be quite nice. It's what I do as a small scale miner and it's made me quite a bit so far, especially with Litecoin.

use it only as reference but take that as a grain of salt.
every miner has different methods, me personally i mine for volume not profit.

How do you short list the coins you are mining for volume?

Serously why wouldnt you trust them. You can make the calculations yourself and will probably get very close values

So you mine the coin you can get the most out of at that time than hold till profit is up basically Im interested in trying something different
 

some of us don't mine to hold....  Les risk; consistent reward.

Use whattomine as a general indicator of profits - but when you're in doubt between 2 coins, research them further on your own to make up your mind. Dont settle for whatever whattomine tells you without digging deeper to find the best solution available for your rig.

Remember that the h/s you see in whattomine is probably lower than what you can get with an OCed card and a new miner. It shows 270 in equihash for a 1060 when I'm getting around 335.

i think you need to move your pool to the others and don't mining at whattomine.com again if you are having problem with them. i guess there is many good pool out there that you can use to mining. i see you have a good hardware rig so i think you can get better amount of coins if you try in other pools. for the coins, i think you can try with another like etc, monero, litecoin, and else, just search the coins that will makes you can get profit when you selling the coins.

Whattomine is a great service but not all of altcoins listed there.
So you need to research for profitable coins if you are a reliable miner.

Dont trust them

they are consitently way way optimistic on thier reports, for instance they still have not updated the ETHereum profits with the difficulty bomb diff increase and its been over 48 hours since that happened, this means to me they are updating the difficulties
manually or with a delayed script and not polling from the the block chains directly .

In crypto you need timely data to know when you should move your rigs to another algo or currency, whatamine is too slow for this.

They're not optimistic, the user who reads their reports is.

They give you results on -current- rates, which is what you're looking for.
Their script is a simple calculator, not a profit/price/difficulty guessing script.
It's a static calculator.

So, what they display is 99.99% accurate, at/for the moment when you click on "Calculate" button.

sure i trust them!

but you need to Calculate by your self too.

i think whattomine is 85%accurate and some new alt coins not in the list.

Basically, the mining profit is not so accurate. Or, for most of case, it's not accurate at all.

You should test you mining profit by running the rig for a whole day and see its real profit.

Otherwise, you will miss some profitable coins .

By default, Whattomine.com uses a 24 hour average for difficulty and price in it's calculations. All you need to do is change it to 'Current price' and 'Current difficulty' in the sort options to use the current data.

Whattomine is a certain benchmark of course, however, since you don't switch currencies all the time you should put some of your personal analysis and mine currencies, which you personally trust and expect to grow in the future. So it is always up to you what to mine, though, ETH is a good option

Didn't know that , that should be the default setting though

I think the default options give a more accurate representation of a coins recent profitability. Difficulty and price change every minute and adjusting your mining to match that is pointless. By the time you accumulate enough coins to cash out, the price will have changed.

In general the source is pretty good, sometimes they don't keep up with updates, calculators might be slightly off. But there isn't one perfect webpage.

Think about the primary motive in running this site; profits.  Imagine how they can benefit from what they recommend.

Food for thought.

Most of the time yes, but it isn't accurate and it can be played. Most of my mining is for coins i think will be more valued in the future, for example i maybe mining vtc for the last year, maybe it wasn't the best option for a couple of months but if i keep my coins i can sell them at a higher value later.

Who really cares? This is information that people gather themselves and do not use websites for. I suppose you can trust them, but the info being wrong is not going to be their fault so much as the time it takes to move on that info since you did not gather it yourself. By the time that you hit one website, then another and then the mining rig configs, it is already yesterdays news.

Take whatever whattomine gives you with a grain of salt.

Whattomine is meant to be used as one of many other sources of information.
Always assume that what whattomine is giving you is not 100% accurate. Make sure you check with other calculators like https://nicehash.com/?p=calc

Yes I do trust but we have to consider the fact that frequent changes happening in rate may not get updated at that moment. We have to be more cautious.

about 80% trust them, but still need to do my own caculate because sometime their number also can't be immediatly updated.

Compare/check with cryptocompare.com mining calc. See what gives. Whattomine is a bit late on total network hashrates, but very accurate on the prices.

It's realtime profitability could have some errors, but 24hr average is quite accurate.
There's not many sites that show better results than whattimine.

You can trust whattomine. You just need to ensure you are entering the correct data into it to ensure you are getting the right output.  It can average its estimations for you but it can be more accurate if you plug in your electric costs and adjust your power and hashrate if you know what you are producing.  For 24 moving average it seems to be pretty accurate.  The problem is it does not take into account difficulty increases that may adjust the price in ways you cannot expect.  I use it alot but you cannot 100% trust anything in such a volatile market.  Use it to help you make informed decisions but dont let it be your only tool.

Ia there any other page to check beside what to mine?

Correct I believe we can trust whattomine

I think that whattomine is a good indicator, but as said you have do do your own calculus too. And, first of all, I think we should mine a coin we believe in, and not just mine the coin that gives the most profits (even if, of course, you won't mine SHA256 or Scrypt coins  ;D).

Of course, I don't trust them.
Since the beginning, their numbers are allways false and I never earn what they talk about.
I espect that readers don't make there investments and ROI with these numbers. You have to do you personnal experience, see you own numbers and make your own mathematics.

So I have been using whattomine.com a lot and I think I see where things go wrong.

whattomine.com is 100% correct when answering the one specific question. The question is not clear to most people and each person tries to answer there own question with the answer given by whattomine. And that is going to give you mixed results.

It looks like whattomine.com uses the spot exchange rate of that coin to calculate profit. always. regardless of the windows average that you set for sort(Profitability) and difficulty.

It is like asking: if I where to mine for 24h/3days/7days what would be my profit if I sold now. Not a bad questions to ask if you were doing that though. It is not the same as if I were selling my coins shortly after I get them. Like most do.

So one needs to first understand the question that whattomine is answering before asking more questions and using wtm answer for that.

yeah, but even counting that, sometimes the numbers are way off, even in that instant.

For example, I should earn like 2 zcoin daily according to them with one of my rigs, without the overclock,
yet with a huge overclock I get just 1.5, that is a HUGE difference.

So yeah, I dont know where they dig their data from, but it is almost always off.

what to mine .com is very trsutful site. I use it a lot and can recomend it. But I prefer more own server than using other because you cant just make profit. Buy cheapest rig you can find and use it to mine currencies.

For newbies it's a good basis but as the others said better do your own research / calculations.

whattomine is good site for see all coin to mine now,but for planning future and investment is not reliable

The problem is not with the Whattomine or similar "calculator" sites as much is is with the general ignorance of most of the people on here and in the general population. It is a contagion of laziness, as there are countless posts of people asking what equipment shoudl they buy, how much will they make, what coin will make them a millionaire by next year.

My advice is to first bone up on some basic mathematics you *should have* learned in school. Next spend more than 5 minutes researching the subject before posting stupid questions. Research terms such as Network Difficulty and Game Theory to start to understand how things work in mining and the markets. Go to Investopedia and other similar sites to learn about basic trading terminology and skills. Understand that most people are going to mindlessly flock to whatever coin is most profitable to mine in any given moment, even though most of them will not be able to sell their coins until several days after when all the variable will have changed by then.

Again, the only thing wrong with Whattomine is the lazy and ignorant's expectations that a visit to a single site will given them all the answers they are looking for without having to put in any effort themselves.

 Like ANY "calculator" site, they use a snapshot of data - and that data CHANGES.
 They also use "estimates" for each card that often won't be right for how YOU SET YOUR CARD UP, even on the same model of card.

 Don't count on ANY calculator to provide 100% accuracy - there are way too many variables for that to be possible.

I like your answer.

✔️ Let me quote myself ( again )

Original Topic Here (https://bitcointalk.org/index.php?topic=2208927.msg22248565#msg22248565)

I think a few of us who actually go through the coins not on what to mine should collaborate.  I'm all for putting the work in but when you doing it all by your self, it takes a long time to go through all the coins that AREN'T on whattomine to find a good one.

Lol I have been a member here since 2012 and I'm still a Newbie!  Don't we get credit for not selling out?

Whattomine is a great service but not all of altcoins listed there. now whattomine is good site for see all coin to mine.Whattomine is meant to be used as one of many other sources of information.  I use it alot but you cannot 100% trust anything in such a volatile market.Whattomine is a bit late on total network hashrates, but very accurate on the prices.

I use whattomine.com as a source to know what is the better coin to mining and although I am not too trust with that site, I still visit in that site when I want to mine some coin and I will take a look my chance is good or not. and if I can see my chance is big to mining a coin with my gpu then I think I will try to set up my software and then I can start mining. I think there are many another service like this which gives to us some guidance on what profitable coins with some gpu.

Nothing wrong with them but I would mine whatever coin you believe in.
For example. I believe in Eth. I only get ~0.5 eth\month per 100 MHs and there might be something more profitable right now. However since I believe that eth will surpass $2k in the next 12 months, I mine eth.

Yeah probably, I believe this also

I'm not mining any of the coins listed on there and the only reason I visit that site now is to get a quick glance of coin prices listed at the top of the page.

Yes, I agree. I hope it's not a conspiracy to direct people to mine something else instead of the most profitable coins.

The best thing you can do is try coins out, that's what I usually do. I just mine something new for a few days and if it works out well, I continue otherwise I search for a new coin.

Also, when I mine something I normally do a bit of research about that coin to see if it's indeed good to mine. Otherwise, you end up mining coins and when you try to sell them their price drops or the dev team bails...