You still know once a block is found whether the next block will be a low paying or high paying block.
The general profitability averaging the randomness of the blocks will presumably be generally known.
Also what seems actually more profitable than following the "most profitable coin to mine" sites/systems is to mine a coin when few people are, because it is easier to mine. if it were at that moment listed as highest profitability all over the web lots of people would be mining it so that regardless of its difficulty making it seem profitable the actual amount of hashing competing for the supposedly profitable block would tend to be out of synch with the actual network hash total (which cannot be recomputed until another block is found as it is based on the speed with which blocks are being found.
So the most profitable approach seems to be when the coin is profitable due to price dump coins you already stockpiled, maybe even enough to bring price back down to a point where the coin no longer is shown as most profitable on those sites all over the web; meanwhile mining easy to mine coins to stockpile them so that you will have coins already on hand to dump when they become "profitable".
That way by the time miners mine new coins thinking they are mining the most profitable one they will no longer be profitable because miners who already stockpiled that coin will be ahead of them in line to sell that the profitable price. Plus that profitable price will be more profitable for them because they mined when it was actually easy 9fewer miners to divide the pie among) not when it was merely reported on the web as easy (which causes many more miners to hop there making it actually probably more miners to divvy the pie among at that particular time.).
Whatever the price of a coin, getting the more coins per block blocks rather than the less coins per block block should be more profitable than just taking your chances as to which kind of block you get or being stuck with only the lower paying blocks due to bonus-blocks-hopping competitors who make the highest paying blocks the ones that have the most miners to divvy up the chance of actually winning it among.
People who mined BBQcoin with a CPU core all year last year made more profit from that CPU core for the year than had they directed that CPU core at "the most profitable coin"...
-MarkM-
MarkM, I'm on matlab working out the change in probabilities right now. But here is the random block data I have so far, let me know if I'm missing anything. Plus, only JKC and LKY are on exchanges, correct? Not having an exchange rate is making it difficult to figure 'profitability'. But superblock hopping is something I thought of as well, just not many on exchanges yet to motivate me to look into it further.
starcoin: 100/block per minute
BONUS BLOCKS (All Random)
- 1/120 chance 200-800 (every hour)
- 1/1440 chance 2000-8000 (twice per day)
- 1/20,000 chance 10,000-30,000 (once per week)
- 1/250,000 chance 100,000 (once per quarter)
supercoin:
elephantCoin: 20 sec block time
- 50 coins per block, and with following super random blocks:
- 1/100 chance, a random 100-500 coins block
- 1/2,000 chance (about twice a day), a random 1000-5000 coins block
- 1/30,000 chance (about once per week), a random 10000-20000 coins block
Diamondcoin: 1/block per minute
- Every day on average there are randomly:
- 10 bonus blocks with 2 diamonds each
- 3 super blocks with 8 diamonds each
- 1 super+ block with 30 diamonds
Junkcoin: 50/block per minute
- In regular mining (after first 4 bonus days), there will be 1% chance a block will yield triple of the
normal coins (e.g. in the first 2 years there's 1% chance you get 150 coins per block).
- There is also 1/10,000 (0.01%) chance that a block will yield 1000 coins. This is valid for all 12 years
of the mining.
Luckycoin: 88/block per minute
Random Super-blocks:
For the 1st 50000 blocks
- 5% chances 188 coins/block
- 1% chances 588 coins/block
- 0.01% chances 5888 coins/block (so expect 5 such blocks)
After 50000 blocks
- 5% chances 2 times the normal coins (i.e. if normal is 88 coins, you get 176 coins)
- 1% chances 5 times the normal coins
- 0.01% chance 58 times the normal coins
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