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661  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Crypto Currency FRANKO on: June 07, 2013, 09:26:20 PM

I think that can be said with most of the altcoins on coinchoose. People arnt supporting coins they like because they see profits from the others. But those profits are usually artificially calculated. All you have to do is correlate the network hashes per sec for any coin that is number 1 on the list at coinchoose.   I completely agree with you though about it being sad people will dump their coin at a loss because they didnt take the time to factor in energy cost all because a website says its 200% more profitable then bitcoin. But what do I know?

Well, you hope such a person first went to a regular mining calculator and determined that it was profitable to mine Bitcoin to begin with....

However, my site now has a deflated profitability column as well that may be more realistic given stale rates.  Net hashs are to be added soon as well as their impact on profitability for these young coins.
662  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 07, 2013, 12:01:33 PM
IMHO block rates are not the most important factor to be worrying about in calculating true profitability.  Not saying it is irrelevant, but for me it is not the biggest issue.  Right now for me coinwarz is the best site, but ALL the mining info sites are still lacking one thing I would like to see...

As a miner I find that profit factor "right now" in such a volatile market is pretty much useless.  What's the point of mining whatevercoin at 150% profitability if that 150% is going to drop to 40% in less than 12 hours?  Not to mention the price went down 80% from where it was 12 hours ago and now I'm lucky to even sell the coins at all.  This makes the "150% profit factor" a complete sham.  The reason Coinwarz is superior is the fact that it provides an indication of how much the difficulty and price fluctuate.  This at least helps a miner make a more intelligent decision about what to mine...because if I see a coin at the top of the list with 150% profit factor but a wildly fluctuating difficulty and price, I stay away.  This is why I mainly stick to mining Novacoin...even before I discovered Coinwarz (just a few days ago)...because the difficulty and price seem to stay more stable.  Without any real numbers on LONG TERM AVERAGE profitability, I am just guessing...so NVC is the safest bet, other than BTC or LTC of course.

What would make coinchoose #1 imho?  Having an AVERAGE PROFITABILITY stat...say for the last 14 days or 30 days or whatever.  Coinwarz shows averages for difficulty and price, but it still involves a fair bit of guesswork to find the most stable profit...or at least which of the newer coins has a better average than the others.  I know, I know, the chart on coinchoose shows historical data...but first, it is not an average (though it could be used in a similar fashion to the coinwarz averages, if you could read it)...second, you can't read it.  There are so many lines on the chart it is illegible.  Third, it is only 24 hours...which is useless.  Even if you took the existing chart format and used a longer time period and maybe split all the coins into individual charts or 4 or 5 coins per chart (so you could read the damn thing), would be very useful.  But I think even better would be to have some way of ranking by average profit factor over a longer time period.  Then the user can choose whether to mine for "Ms Right" or "Ms Right Now"...or "Ms Right Now Adjusted".   Grin

I am greatly expanding on the charting area in the next week and average profitability will be clearer along with several user filters that will be available.  I think this is a great suggestion.  I do have all the data to do what CoinWarz does, but don't want to completely copy them out of respect for their innovation even though their update interval is a little slow Tongue
663  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 07, 2013, 11:35:30 AM

Have you tried 1034core/1500memclock for scrypt? That's what got me to 730-740 per 7970...

Sal. Can't keep chart sorted by "Adjusted Profitability". When I sort by highest AP, it reverts back to high to low via normal profitability... Any insight?

I am still not happy with the Google Visualization Table that is being rendered here as it is and am looking at replacing it.  I believe now on  data refresh of the table it just reloads completely, but there must be a way to have it keep your sorting.  I will investigate.
664  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 07, 2013, 11:31:46 AM
Can you add coin calculator to coinchoose? Right now i have to check coinchoose then go to coinwarz to see how many coins I can mine a day. Maybe you could do a collaboration with coinwarz where they give u a widget to be placed on ur site.

I am sort of working with wheretomine.com right now to provide that as they use my raw numbers.  CoinWarz.com is a bit slower on its pricing / currency updates and hasn't smoothed out TRC. 
665  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 07, 2013, 04:16:55 AM
No worries.  anyways, adding AMC, HYC and FST. 
666  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 07, 2013, 12:20:53 AM
How are you determining current block rates?  I assumed you were just taking the coins target block rate, the reality is usually quite different and quite dynamic, you'd need to average the last 20-30 blocks to get a good estimate.

That is why I said "sort of".  Working on the later Smiley
667  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 07, 2013, 12:09:58 AM
Calculate adjusted profitability by looking at the present hash rate and adjust for orphan blocks based on the block internal per the curve described earlier 5/block_interval_in_seconds.  All coins should have this adjustment including BTC which has been over target block times for some time now.

Coins running at very slow block rates would actually see their adjusted profitability increased (by a tiny amount) by this calculation and it would dynamically adjust as block rates change.

I sort of did that on the adjusted profitability column. 
668  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 11:42:57 PM
I am open as more analysis comes into play to adjust how I am universally applying this stale rate calc Smiley.  I shouldn't have halved the block reward, but I thought someone from WDC was telling me to do it Smiley
669  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] WorldCoin WDC | Coin of the Future | Instant Transactions | Launched on: June 06, 2013, 11:37:35 PM
I don't see how coinchoose can change it to 60% because one person creates a topic on worldcoinforum about it claiming to speak on behalf of everyone.

At the very least make a forum poll and see the results from the community. Undoubtedly the amount received is less than 100% but I would place it in the 80-90% range.

I agree it seems a little quick to just make the change. When we calculated the 60%, it was multiple miners and pool operators that had agreed on the number. Again, this was in the very low difficulty days, and im pretty sure that number has changed to 90% since then. Running more tests to confirm, will take a couple days.

I did apply the different stale rate calc (explained here - https://bitcointalk.org/index.php?topic=152515.msg2359633#msg2359633) in a seperate column while retaining the original profitability calc as well.  Users can "choose" which one to rely on.
670  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 11:32:22 PM
I added an "Adjusted Profitability" column that uses the stale rate calculation presented in the other thread to show a different calculation.  Users can pick which one they want to follow Smiley
671  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 11:31:17 PM
The luckycoin block reward minimum is 88 coins.  You should factor in formula for the probability of hitting a higher reward into the profitability against BTC.   

I'd prefer not to.  I'd like to show a conservative estimation for the reward and, if I am not mistaken, 88 is what you are guaranteed to get at the low end.
672  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 03:29:14 PM
Is there a public, web accessible block explorer for AMC?
673  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 11:30:37 AM

WDC reward now adjusted to be 60 percent of what it is stated as.  I will look to see how I can validate this and/or apply to any other coin.
674  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 03:59:55 AM
Can u fix the difficulty of the alt coins?  They are blowing up the difficulty when profitabilityvis 1/2 stated on the site.

Which ones?  The tops ones are all based on an active blockexplorer.
675  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 03:58:24 AM
Can you add global hashrate to the coins.  that would be a good feature to have.

Working on it Smiley
676  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 03:58:09 AM
Sal, you've fixed TRC floating difficulty, thanks for that, but today I noticed another problem - DGC difficulty doesn't update correctly, at this moment it is 4.672, but your site still displays old diff 3.06, and so on profitability displayed is incorrect too...
And this is happening for hours already, it's secondary diff retarget already...

Your site is great but this is not good for the coin or the community.

Sorry - the URL changed for the blockexplorer.  I just changed it to the Cryptocoinexplorer link from the other blockexplorer.  % is still above 100%.
677  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: June 06, 2013, 03:56:18 AM
Sal, you've fixed TRC floating difficulty, thanks for that, but today I noticed another problem - DGC difficulty doesn't update correctly, at this moment it is 4.672, but your site still displays old diff 3.06, and so on profitability displayed is incorrect too...
And this is happening for hours already, it's secondary diff retarget already...

Block explorer changes its link.  Should be fixed shortly.
678  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] ELACOIN fork @17820! pool reporting bug but will pay out properly on: June 05, 2013, 04:43:01 AM
notice the # of giveaways here, esp mika above, compared to my 100 give away. See? I gave more than required.  Giveaway is now closed.

Yes its out of my own pocket. If anyone has a buncha and want to donate, the donation and bounty addr is EPQGSoqhszJM8xHzAXZ7HBYH7x9sRYm6Qp.


I donated 10 to the cause.
679  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] ELACOIN fork @17820! pool reporting bug but will pay out properly on: June 04, 2013, 08:45:49 PM

What you hope is the market will adapt and a new buy order is placed matching the prior price.  If no buy price is placed at that level, then the coin is in a downward movement.

Sounds fair in some ways I spose...

it's a tricky thing to value - you say it values on a significant BTC equiv order, what if the market is too small to meet the minimum total BTC value on the buy side, how is that handled?


All of the orders are averaged.

Honestly, I am debating whether I just want the price for one block of the cryptocurrency.  That would be smaller, but more accurately reflects what the market will have for a minor.   But I am getting constant pressure to "under" report profitability from the users.  Hard to balance.
680  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] ELACOIN fork @17820! pool reporting bug but will pay out properly on: June 04, 2013, 08:16:36 PM

but if the buy price was HIGHER, the trade would execute and _DROP_ the valuation of the coin to the next (possibly much lower) bidder, even though it just performed much higher. so i think it's unfair to ignore previous trades and asking prices.


What you hope is the market will adapt and a new buy order is placed matching the prior price.  If no buy price is placed at that level, then the coin is in a downward movement.
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