|
882
|
Other / Beginners & Help / Re: What do you suggest me to mine?
|
on: May 15, 2013, 01:39:18 PM
|
|
If you want to maximize what you mine right now, you can look at my site (and depends on what you want your "base" to be). Mining litecoin is the best if your base is a LTC (as the other currencies have a poor exchange into LTC. Mining BitBar is marginally better right now if you want to exchange into BTC right now. If you believe you should be long in any other crypto-coin, I'd still suggest mining these two and then exchanging into the others....
|
|
|
|
|
885
|
Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins
|
on: May 15, 2013, 11:55:32 AM
|
These types of sites really assisted in making it a race to the bottom. Now that they are popular one just needs to guess which coin might spike in price as everyone just refers to these types of sites and drives the price down and diff up. Making them rather pointless.
So who will take a guess which coin might be double the profit of btc next month? :-)
This are mining only charts. Other aspects, such as the marketplace, acceptance by vendors, etc, impact the viability of a crypto currency. Basically, I agree that these charts help to harmonize the mining and make sure a coin isn't too far out in that respect and tend to drive the currencies to all be around 100% or less if they lack those other fundamentals. |
|
|
|
|
889
|
Other / Beginners & Help / Re: What do you suggest me to mine?
|
on: May 14, 2013, 04:15:04 PM
|
|
The price came down a bit on the other coins (profitability is really a function of difficulty and exchange price), but it is still using BTC as the base. I am adding LTC as the base in the next day to coinchoose.com for additional decision making.
|
|
|
|
|
892
|
Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins
|
on: May 13, 2013, 12:00:13 PM
|
Is YAC a useful coin to have here? It's not a usual Scrypt coin, so it can't be directly compared to any other coin, is my understanding. The only way to mine it is to CPU mine (currently) so you can do it in addition to any other coin you're mining.
On second thought - until there is a GPU way to mine it that is comparable, it does not belong here (or there is a easily mathematical way to figure out the block reward which it seems like there is not). I am removing it for now. |
|
|
|
|
895
|
Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins
|
on: May 11, 2013, 02:53:43 PM
|
You might want to consider eliminating TRC from the table. Difficulty adjusts very quickly, and it seems like Coinchoose has been stuck at 15996.27 for a long time. I'm showing current difficulty as 59,000, putting TRC at 44%, not 177% as coinchoose is reporting.
You either need much quicker difficulty polling for TRC, or just remove it. I long ago determined that TRC is virtually never profitable to mine because as soon as the difficulty drops low enough (~25K), miners jump on it and it goes back up.
Just my two cents.
It was broken. I check every 30 seconds or so and update (normally), but smooth out TRC a bit due ot its crazy movements. |
|
|
|
|
898
|
Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins
|
on: May 11, 2013, 10:24:51 AM
|
FRC is the openly available portion that miners can obtain while FRC-F is the portion of each block that is given to the foundation.
As a note... Foundation funds are not being dispensed until the foundation is legally set up and people should voice opinions on the scheduling and proportions of the dispensation. We want as many people involved as possible to insure that the foundation distributes the coins equitably. Check here: http://www.freicoin.org/freicoin-budget-t116.htmlAlso remember that after 3 years approx. all mining including the 5% demurrage will go to the miners so the initial foundation coin will all be redistributed and be back in circulation and then ultimately redistributed back to the miners over and over and over again so this is a temporary situation that is intended to spread coin distribution beyond the confines of cryptocommunity. Not a centralized power that remains forever locked in using these funds. So really in time this coin just reverts to miners. Good clarification! |
|
|
|
|
Show Posts
(I guess I should have said "every block", instead of "almost every block" 
