Relative Mining Revenues

[Impaler]

We have a lot of tools and sites that look at relative profitability of coins, and some that list things like 'market cap' but the metric I think is actually of value in determine which coins are on the top of the alt pile and to what degree they may be becoming rivals to BTC is to look at total hourly mining revenue.  This is simply coins per block * blocks per hour * exchange rate to BTC (or) exchange rate dollars.  For a relative comparison to BTC it's simpler to just use the exchange rate to BTC.

Now this analysis excludes the fact that a chain may be running faster then target (a common occurrence with people coin-jumping on profitability bubbles).  I've included as broad a range of coins as possible, the 'Other' group here includes MinCoin, IXCoin, DeVCoin and ByteCoin and they sum to a paltry 2/3rd of a BTC per hour.  For FRC I've summed the portion for miners and for foundation, the former is about 1/3rd of the total and the latter 2/3rds.



As you can see BTC is clearly dominant with right around 2/3rds of the total.  Most of the remainder is composed of Scyrpt coins with LTC being the largest.  The two flash in the pan coins FC and CNC (pump and dumps in my many other peoples opinions) combined come near to the revenue of LTC, the fact I've ignored these coins actual hash rates means they may be considerably higher, which simply goes to show how absurd their valuations are when they have no means to be spent outside of exchanges.

The remaining coins are SHA and are considered 'legit' by most folks having had some kind of technical improvement and are of similar size, PPC, TRC and FRC.  FRC is currently running at around x4 target rates btw it would be producing around 18 BTCs in revenue per hour if that was accounted for, it's likely temporary though.  Lastly we have NMC which is a merge-mined coin, its revenue is essentially in the BTC pie slice in a sense but not all BTC miners mine it.  The tiny Other consists of numerous dead or dying coins, again if their hash rates have them far below target might make them even smaller but you can clearly see what a dead coin looks like.

[Impaler]

An Update, my prior graph was very likely at a Peak in the Alt market and people have spoke of a decline, it seems though that is is more a rebound of LTC against the other alts, all of which have declined, some by half.  I've also added NovaCoin as that managed to work its way onto coin-chooser from which I'm pulling data.  LTC is now at nearly 1/3rd the size of BTC, that's probably the relative size it had before the 'attack of the clones' started.  FRC has been declining back towards the valuation it had before it appeared of VCX at a possibly erroneously high price, it's also been the most profitable SHA coin for several days now and this tends to drive down valuation as miners sell.

[Kyune]

Cool. 

Have you considered automating this chart and throwing it up on a website?

[Impaler]

I don't have the web-skills for that (I'm a C++ Programmer), but I will shop the idea around to people who already do similar stuff, the calculations are quite trivial to do off of the data available on most of the profitability calculators.

[gica_contra]

Interesting to see how everyone jumped back to LTC once the dumping of get-rich-coins was done.

[etbbtc]

so many cnc and fc ,keep watching the LTC based brothers fighting!

[sal002]

Is this the graph - http://www.coinchoose.com/piechart.php ?

[ISAWHIM]

Those "Profitability to BTC" values need to be sampled by weeks... not "at current value", as the difficulty and value makes some of them seem wrongly above BTC, when the reality is, that they are not, by a long-shot.

EG, when diff drops on a coin that is 25% of a btc... it looks instantly like everyone will make 4000 coins because the diff dropped "for a moment", down to 0.124 as the market adjusted for a dry-spell... of no blocks. But then instantly jumps back up to the real value of diff 3.50 and thus, only 20 coins reward per hash-rate... (Using the weekly rates, or actual trade-rates/conversions/results of an actual running machine.. would give a better estimation for realistic comparison.)

Just saying...

Great expanded chart. But that pie-chart needs a way to be dissected, and needs sorting, and a slight rotation so it it not aligned to 0-deg-north, but -45-deg-north/west. lol. (Dissected = ability to remove BTC, or another large-volume chunk, to better "see" the comparison... or add the ability to compare any two, to BTC for the third.)

P.S. That auto-refresh is annoying... Trying to "remove items from the chart below" and the page refreshes and reverts it back to all listings... (That one starting at 250% of BTC should have that value clipped, it was an obvious "promotion" or false data, pumped. Makes it hard to see the other real values in the chart. Also... something that identifies the three-letter-code to the name... We have to KNOW or GUESS, since nothing on the page or popups says "TRC = Terracoin", etc...)

You know a good trick, an alternative to refreshing... simply load a hidden iframe with a "javascript" variable containing the "new data" and a command on-load to refresh the charts values, not the page. (Don't "refresh" an existing iframe, you use "innerHTML=loadnewiframe", so ti does not "click" like changing existing iframe code does... and it does not interfere with the back button.)

[sal002]

Those "Profitability to BTC" values need to be sampled by weeks... not "at current value", as the difficulty and value makes some of them seem wrongly above BTC, when the reality is, that they are not, by a long-shot.

EG, when diff drops on a coin that is 25% of a btc... it looks instantly like everyone will make 4000 coins because the diff dropped "for a moment", down to 0.124 as the market adjusted for a dry-spell... of no blocks. But then instantly jumps back up to the real value of diff 3.50 and thus, only 20 coins reward per hash-rate... (Using the weekly rates, or actual trade-rates/conversions/results of an actual running machine.. would give a better estimation for realistic comparison.)

Just saying...

Great expanded chart. But that pie-chart needs a way to be dissected, and needs sorting, and a slight rotation so it it not aligned to 0-deg-north, but -45-deg-north/west. lol. (Dissected = ability to remove BTC, or another large-volume chunk, to better "see" the comparison... or add the ability to compare any two, to BTC for the third.)

P.S. That auto-refresh is annoying... Trying to "remove items from the chart below" and the page refreshes and reverts it back to all listings... (That one starting at 250% of BTC should have that value clipped, it was an obvious "promotion" or false data, pumped. Makes it hard to see the other real values in the chart. Also... something that identifies the three-letter-code to the name... We have to KNOW or GUESS, since nothing on the page or popups says "TRC = Terracoin", etc...)

You know a good trick, an alternative to refreshing... simply load a hidden iframe with a "javascript" variable containing the "new data" and a command on-load to refresh the charts values, not the page. (Don't "refresh" an existing iframe, you use "innerHTML=loadnewiframe", so ti does not "click" like changing existing iframe code does... and it does not interfere with the back button.)

Very good points.  I am working on getting a few of the annoyances out of the way (including on that chart). 

[Madychoux]

Is this still uptaded ?

Dogecoin is not listed but have a 28gh network.

http://www.coinchoose.com/charts.php

Thanks for your work !