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Author Topic: CoinChoose - alternative site to show respective profitability of the alt coins  (Read 150544 times)
sal002 (OP)
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May 11, 2013, 02:41:10 PM
 #221

The TRC difficulty (and profitability) is again very different from the other sites (15,996 vs. 52,368). Why is that?

EDIT: Lol, FloridaBear was the first to ask. Smiley

The TRC difficulty on CoinChoose has not changed in hours, seeing TRC calculates a  new difficulty every hour, this is clearly broken.



Hmm. - it is from a block block explorer for TRC.  I am looking at it right now.
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sal002 (OP)
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May 11, 2013, 02:52:04 PM
 #222

Fixed - it was using old URL.  I am implementing a three level redundancy on these numbers so this shouldn't happen again.
sal002 (OP)
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May 11, 2013, 02:53:43 PM
 #223

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.
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May 11, 2013, 09:38:09 PM
 #224

Fixed - it was using old URL.  I am implementing a three level redundancy on these numbers so this shouldn't happen again.

Right now TRC diff is over 93,000 and Coinchoose shows half of it: 46,247.

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May 11, 2013, 09:58:37 PM
 #225

I think CoinChoose is trying to a show a readable chart on what the profit levels would be if someone mined TRC exclusively. The more profitable way to mine TRC is to hop the chain when difficulty falls below some threshold level. I'm currently hopping TRC with a custom script, my rigs are running two instances of cgminer and the script constantly decides on which instance the GPUs are enabled. USB devices might not work with this scheme, though.

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sal002 (OP)
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May 11, 2013, 10:23:22 PM
 #226

Fixed - it was using old URL.  I am implementing a three level redundancy on these numbers so this shouldn't happen again.

Right now TRC diff is over 93,000 and Coinchoose shows half of it: 46,247.

Actually, the difficulty is less than that - http://trc.cryptocoinexplorer.com/chain/Terracoin/q/getdifficulty

However, I average out the past hours difficulty in what is shown in the chart given its large swings.
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May 12, 2013, 08:34:12 AM
 #227

For the first time in quite a while now, BTC is once again the most profitable coin to mine if you're merged mining. Thought it was interesting to note!
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May 12, 2013, 11:24:28 PM
 #228

heya sal002,

a tip: YACoin on btce,  Smiley
p.s: do you have any addr for donate and what coin?
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May 12, 2013, 11:36:21 PM
 #229

This website rules, but I'm missing one thing: reward in BTC. So just reward*Best price

Anyway, good job Smiley
sal002 (OP)
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May 13, 2013, 02:32:46 AM
 #230

heya sal002,

a tip: YACoin on btce,  Smiley
p.s: do you have any addr for donate and what coin?

YAC added (you mean it is on BTER?  couldn't find it on BTCE).

I have a BTC donation address listed on the site  Smiley
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May 13, 2013, 02:52:25 AM
 #231

Thanks for adding YAC but I think that you should specify in the algo column that this is not a regular Scrypt coin.   What's the official name again, Scrypt-N or scrypt-jane?
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May 13, 2013, 07:39:11 AM
 #232

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.
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May 13, 2013, 09:08:55 AM
 #233

YAC information is wrong, but funnily enough it balances out. The reward is not fixed 100, it's around 15-16 right now per block and changing in time. The hashrate thanks to using variable N in the scrypt-jane implementation is however ~6x higher than scrypt mining. Therefore the two factors balance each other out and it's indeed ~4x more profitable to mine than BTC right now. Though only for cpu miners (and possibly the rumored unofficial gpu miners)
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May 13, 2013, 09:44:35 AM
 #234

This is the kind of issue I've mentioned, profitability involves unavoidable assumptions about the type of hardware being used to do the mining.

 
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sal002 (OP)
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May 13, 2013, 12:00:13 PM
 #235

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.
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May 13, 2013, 01:10:10 PM
 #236

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.

Good decision. It was making the other graphs hard to read Smiley

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sal002 (OP)
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May 15, 2013, 01:24:59 AM
 #237

Added a table using LTC as the basis for profitability.  Not much use now, but may be one day....
sal002 (OP)
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May 15, 2013, 01:58:28 AM
 #238

Also added historical price chart.  Any highcharts experts can figure out why I can't get zooming to work?
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May 15, 2013, 03:54:01 AM
 #239

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? :-)
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May 15, 2013, 11:16:37 AM
 #240

Actually, the difficulty is less than that - http://trc.cryptocoinexplorer.com/chain/Terracoin/q/getdifficulty

However, I average out the past hours difficulty in what is shown in the chart given its large swings.

Sorry, I don't understand, that number seems to be changing every couple of minutes but I thought Terracoin diff was adjusted only once per hour. How does it work exactly?

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