CoinChoose - alternative site to show respective profitability of the alt coins

[sal002]

TRC difficulty does not change every hour - it seems to change much more rapidly than that (almost per each block) - just keep hitting reload on http://trc.cryptocoinexplorer.com/chain/Terracoin/q/getdifficulty

[sal002]

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.

[MrWizard]

TRC difficulty does not change every hour - it seems to change much more rapidly than that (almost per each block) - just keep hitting reload on http://trc.cryptocoinexplorer.com/chain/Terracoin/q/getdifficulty

Of all the people on this board I am shocked that sal002 does not know that terracoin's difficulty changes on EVERY block.  See here: http://cryptocoinexplorer.com:3750/chain/Terracoin

[sal002]

TRC difficulty does not change every hour - it seems to change much more rapidly than that (almost per each block) - just keep hitting reload on http://trc.cryptocoinexplorer.com/chain/Terracoin/q/getdifficulty

Of all the people on this board I am shocked that sal002 does not know that terracoin's difficulty changes on EVERY block.  See here: http://cryptocoinexplorer.com:3750/chain/Terracoin

Didn't I just say that?   (I guess I should have said "every block", instead of "almost every block" )

[juhakall]

The difficulty reported by terracoind (which I guess is what cryptocoinexplorer uses) is not for the next block to be generated, but for the last one already generated. AFAIK only cgminer/bfgminer show what the current difficulty is. That difference doesn't matter much with bitcoind, but with terracoind the reported difficulty is very often lagging behind since it changes so often. Not really relevant to CoinChoose since you are smoothing the graph anyway, but for someone setting up a hopping script, this is a way to optimize it.

[MrWizard]

I love  www.coinchoose.com and sal002 is doing a great job.  Just thought I'll make that clear.

[mr_random]

I love  www.coinchoose.com and sal002 is doing a great job.  Just thought I'll make that clear.

+1. I was using coinwarz for a while and then I found coinchoose and I prefer the interface. Added to my favourites.

[Taxidermista]

The difficulty reported by terracoind (which I guess is what cryptocoinexplorer uses) is not for the next block to be generated, but for the last one already generated. AFAIK only cgminer/bfgminer show what the current difficulty is. That difference doesn't matter much with bitcoind, but with terracoind the reported difficulty is very often lagging behind since it changes so often. Not really relevant to CoinChoose since you are smoothing the graph anyway, but for someone setting up a hopping script, this is a way to optimize it.

Where exactly does cgminer report the current diff? I remember seen a diff number somewhere in the first lines of the cgminer console but nothing to do with the actual coin diff.

[juhakall]

Block: 00ecb8669cd08eda...  Diff:11.2M  Started: [16:49:43]  Best share: 70.2K

It's also listed in the "coin" API call reply.

For scrypt, cgminer does a conversion by multiplying all difficulties with 2**16. That's why those values might not look right.

[Taxidermista]

Block: 00ecb8669cd08eda...  Diff:11.2M  Started: [16:49:43]  Best share: 70.2K

It's also listed in the "coin" API call reply.

For scrypt, cgminer does a conversion by multiplying all difficulties with 2**16. That's why those values might not look right.

Multiplying with 2**16??? What's that?

[juhakall]

2 to the power of 16, or 65536. So for example current LTC difficulty of 605.526 is reported as 39.7M. BTW, CoinChoose is still showing a diff of 596.88735373 for LTC.

[sal002]

2 to the power of 16, or 65536. So for example current LTC difficulty of 605.526 is reported as 39.7M. BTW, CoinChoose is still showing a diff of 596.88735373 for LTC.

Oops - fixed.

[sal002]

Would anyone be interested in an API for the LTC based chart?

[tom_o]

Anyone else reckon that although useful, sites like these are detrimental to the ideal of crypto-coins, it really shouldn't all be about the profit margins.... If someone is mining for a business then they should really be able to work out profitability themselves.

[juhakall]

I'd wager a lot of CoinChoose users couldn't care less about the fate of any altcoins. They only want as many bitcoins as possible, and then some more.

[tom_o]

I'd wager a lot of CoinChoose users couldn't care less about the fate of any altcoins. They only want as much bitcoins as possible, and then some more.

And that's the problem and the reason FTC is having major hashing power issues. I see what you mean and even share the sentiment, I just wish it wasn't so easy for everybody to be profiteering and rinsing the alts! Used to be limited to just the cleverer people

[sal002]

Probably right - I recall back in the day doing a quick mine / sell on RUCoin, however, coinchoose wasn't the first to provide this info and it had to get out at sometime.  I could have made a lot more mining had I just kept some of this info to myself (still kicking myself over the CHNCoin info , but feel it is best to get as much info out there as possible.

FTC I think was due to it getting on the exchange to quick - had it not there would not have been an issue.

That being said, I am trying to add more data to move beyond just enabling pump and dumpers.  Current coins produced per hour and historical price comparisons are there and open to suggestions on improving.

[area]

I'd wager a lot of CoinChoose users couldn't care less about the fate of any altcoins. They only want as much bitcoins as possible, and then some more.

And that's the problem and the reason FTC is having major hashing power issues. I see what you mean and even share the sentiment, I just wish it wasn't so easy for everybody to be profiteering and rinsing the alts! Used to be limited to just the cleverer people

When poolhopping was a problem on PPS pools, making hopping easier meant that the underlying problem - pools using PPS methods - was solved, as pools moved to DGM, PPLNS, and the like. I don't know if there's an equivalent problem here that needs to be solved, but I made (and released) CryptoSwitcher to accelerate the process if there is, and help eke out the last few BTC from my remaining GPUs in the meantime.

[MrWizard]

FYI  BTE is still displayed on the graphs.

[CryptoJunky]

This has come along pretty well, nice work.