Fifth alt coin thread last four got too big.

[philipma1957]

I found a nice coin to mine

Which one ?

I think phil is with me on the concept of finding out what works best for your config and farm size.   Getting a whole bunch of people to jump on the same horse's back all at once tends to kill the ride.....  Finding an algo that you have a big % share of;  and that generates a fair amount of revenue every month; you get a big cut of that potential revenue.

 Which is why I refuse to specify what most of my NVidia cards have been working on the last couple months - I'm a little over 1% of the TOTAL there, and don't want everyone and their kid brother jumping in and destroying profitability.

 The "natural" growth has been bad enough - there was a time last winter, with HALF the cards, that I was pulling in over 2% of the mined coins - though the value per coin is still up quite a bit from then.

margins on small cap coins  with low hash  can dies with only 50 1080ti's going on the coin

So giving away a hot small hash coin  is not for me to do at the moment.

I did list a good deal on a msi aero 1080 ti  a few posts back.  but at the moment I can say zcash at nicehash has improved with the spike in the price of btc.

https://new.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

these are doing 2.40 to 3 bucks a card.

[JaredKaragen]

if people keep holding on and push through to the BTC price increase;  profitability will bubble again.   You just gotta be patient enough to wait for it.


Being winter coming up;  we will see more of an increase in the amount of hardware online;  so I feel it will be mid winter before things ramp up a lot....

Then again, if BTC goes to 5-6K, it could be a lot sooner.

[vapourminer]

I found a nice coin to mine

Which one ?

I think phil is with me on the concept of finding out what works best for your config and farm size.   Getting a whole bunch of people to jump on the same horse's back all at once tends to kill the ride.....  Finding an algo that you have a big % share of;  and that generates a fair amount of revenue every month; you get a big cut of that potential revenue.

 Which is why I refuse to specify what most of my NVidia cards have been working on the last couple months - I'm a little over 1% of the TOTAL there, and don't want everyone and their kid brother jumping in and destroying profitability.

 The "natural" growth has been bad enough - there was a time last winter, with HALF the cards, that I was pulling in over 2% of the mined coins - though the value per coin is still up quite a bit from then.

dont you need a wallet for each oddball coin you mine? like you need to keep the mined coin payouts in a desktop wallet for that coin (which may need a huge blockchain download). or do you mine it to an exchange and keep it there. advantages and disadvantages to both methods.. or, do you mine the coin at nicehash and let them convert to btc?

[GabryRox]

Oh BTC has cracked 3100  so I sold a coin today.
take a look at the charts

Hey Phil... funny, when i saw BTC spiking up this morning, I figured you would probably sell one since you were talking about doing so a couple days ago.  Good move waiting it out for a few days after the split.

I know hindsight  is 20-20 but I've been kicking myself a bit for only keeping 1.5 BTC on the exchanges at the split.  If I would have even moved 50% of alt holdings into BTC Bittrex, I not only would have made a killing from the BCH split off (assuming I would have sold it all at the .3 I sold my 1.5 at). Not only that, but if i would have left it BTC until, would have made another killing... although technically not as much since most of my alt holding are also up.  Anyway, no sense crying over spilled milk... I was trying to mitigate risk based on all of the doom-and-gloom crowd thinking that BTC would crash after the split lol.  And as we all know... mitigating risk is no way to get rich lol.  But whatever, it's still a really good day today... let's hope it continues a bit longer.  My ETH mining days appear to be numbered based on the new potential HR of Vega cards, but time will tell. I've almost been mining 1 year now and overall it's been a great experience!

[philipma1957]

My trezor deposit hit and cleared at bittrex. So I have gotten about .02 bcc liquid so far.

My first attempt to transfer bcc out of my core and into a bcc wallet did not work.

my fault I was downloading bitcoincash 1.3.2 and it was 90% done so I let it finish instead of killing it off and switch to 1.3.3

I may have lost .02 bcc as that wallet seems fucked up.


I am now using a different pc with an i5 quad 24 gb ram and a 1 tb ssd .

and I did a new download of 1.3.3 bitcoin cash  it is still loading and synching.

I will try to import 0.013 bcc via keys on sunday morning.

if it works I will do the 8 coin one on late sun or early mon.

bcc has rallied back a bit


so those 8 coins may turn into 2k

[bdiddle]

Just follow the directions that the electrum guys posted on their site.

Transfer all of your btc to a new wallet. Export your old keys or have the seed ready.

Setup a VM with the 'electroncash.org' wallet. Use your seed for the wallet that no longer has btc in it (in case you downloaded a wallet with a trojan there is no btc to steal).

Make sure to select the right node, something with ABC in it as I recall.

Send bcc to bittrex. Profit. And no blockchain to download. Oh, and then nuke that VM from orbit. Cause I don't trust any bitcoin cash software right now.

[philipma1957]

Just follow the directions that the electrum guys posted on their site.

Transfer all of your btc to a new wallet. Export your old keys or have the seed ready.

Setup a VM with the 'electroncash.org' wallet. Use your seed for the wallet that no longer has btc in it (in case you downloaded a wallet with a trojan there is no btc to steal).

Make sure to select the right node, something with ABC in it as I recall.

Send bcc to bittrex. Profit. And no blockchain to download. Oh, and then nuke that VM from orbit. Cause I don't trust any bitcoin cash software right now.

I think I may try that if the bitcoin cash 1.3.3 fails

I just finished the full chain download and I am scanning a key with only a few dollars worth

it this takes below

https://bitinfocharts.com/bitcoin%20cash/address/1MpvyvnFoPyo4EyRg4oa4YTDEyhAQCAQHo

I will move it to bittrex

[vg54dett]

 Which is why I refuse to specify what most of my NVidia cards have been working on the last couple months - I'm a little over 1% of the TOTAL there, and don't want everyone and their kid brother jumping in and destroying profitability.

 The "natural" growth has been bad enough - there was a time last winter, with HALF the cards, that I was pulling in over 2% of the mined coins - though the value per coin is still up quite a bit from then.

What do you mean by "little over 1% of the total here" ?
Do you mean you manage to earn 1% more than expected ?

[philipma1957]

 Which is why I refuse to specify what most of my NVidia cards have been working on the last couple months - I'm a little over 1% of the TOTAL there, and don't want everyone and their kid brother jumping in and destroying profitability.

 The "natural" growth has been bad enough - there was a time last winter, with HALF the cards, that I was pulling in over 2% of the mined coins - though the value per coin is still up quite a bit from then.

What do you mean by "little over 1% of the total here" ?
Do you mean you manage to earn 1% more than expected ?

he means the pool has 100 hash rate  and he has 1.1 hash rate = a little over 1%

if you find a coin on nice hash or zpool or whattomine  and the hash rate is low enough that you are mining 1-3% of all the hash  and the coin has decent profits .  staying in that 1-3% of all the hash  tends to make better returns then having 25%  or .3%
of all the hash rate.

So any coin with low hash rate with good returns means you need to be disciplined   and not over mine it.  you also need to hope that  1000 other gpus jump on it.

If you have 12 1080ti's and that is 1.2% of the entire hash rate on the pool  it means there are only 100 1080 ti's on the pool

you need to not tout the coin as a winner since some big farm will put 100 or 200 gpu's on it  and you lose

you need to realize if you go from 12 to 24 gpus  there is a risk some fucker will find that coin and put 100 or 200 gpus on it and kill you

all small hash rate winner coins are like this  a few hundred 1080 ti's moved to a coin can kill your earnings.

I used to mine a lot on this pool a btc pool  mmpool.org  I was the top hasher but was in the 15 to 20% range of the hash.  then a guy came along saw that the pool had an exploit due to  high rewards  and he put in 80 to 90 % of the hash rate killed me  maybe a 2 btc loss for me.



Estimated Payout

Rank....Id........   DGM Estimate.....PPS................   Shares................Rate (MHash/s)
1   a5d78fff   10.76633216   0.00000000   453,994,488,446   0

2   71602a00   0.82439480   0.00000000   23,363,422,432   52,484 I used to be able to keep this in the 2-3 btc area


3   dad84f7a   0.06368607   0.00000000   3,613,182,652   10,804,670
4   433aa491   0.04149172   0.00000000   1,427,325,593   2,693,299
5   2d0ba29d   0.01718831   0.00000000   1,019,838,905   1,270,89


Now no matter how much I would rent  he just rents way more  he has hit 5 of the last six blocks  with 10 btc in  bonus rewards
I hit 0 of the last six blocks with 0 in extra bonus rewards.

variance kills in my case 2 coins = 6400 usd  under luck and he is +10 btc or 3200 with good luck

since this happened and now blocks won't be big with 1-3 coin rewards  that is just a loss for me.

my choice to go higher variance and it hurt due to a much bigger fish jumping into the pool

So in the case of a good coin in a little pool I no longer give the coin out to people.

[vg54dett]

Thanks for explaination  Phil !

 Which is why I refuse to specify what most of my NVidia cards have been working on the last couple months - I'm a little over 1% of the TOTAL there, and don't want everyone and their kid brother jumping in and destroying profitability.

 The "natural" growth has been bad enough - there was a time last winter, with HALF the cards, that I was pulling in over 2% of the mined coins - though the value per coin is still up quite a bit from then.

What do you mean by "little over 1% of the total here" ?
Do you mean you manage to earn 1% more than expected ?

he means the pool has 100 hash rate  and he has 1.1 hash rate = a little over 1%

if you find a coin on nice hash or zpool or whattomine  and the hash rate is low enough that you are mining 1-3% of all the hash  and the coin has decent profits .  staying in that 1-3% of all the hash  tends to make better returns then having 25%  or .3%
of all the hash rate.

Is the aim to be on the 1-3% rang of the pool or of the total coin hashrate ?

So any coin with low hash rate with good returns means you need to be disciplined   and not over mine it.  you also need to hope that  1000 other gpus jump on it.

You hope or don't hope ? typo there ?

[philipma1957]

Thanks for explaination  Phil !

 Which is why I refuse to specify what most of my NVidia cards have been working on the last couple months - I'm a little over 1% of the TOTAL there, and don't want everyone and their kid brother jumping in and destroying profitability.

 The "natural" growth has been bad enough - there was a time last winter, with HALF the cards, that I was pulling in over 2% of the mined coins - though the value per coin is still up quite a bit from then.

What do you mean by "little over 1% of the total here" ?
Do you mean you manage to earn 1% more than expected ?

he means the pool has 100 hash rate  and he has 1.1 hash rate = a little over 1%

if you find a coin on nice hash or zpool or whattomine  and the hash rate is low enough that you are mining 1-3% of all the hash  and the coin has decent profits .  staying in that 1-3% of all the hash  tends to make better returns then having 25%  or .3%
of all the hash rate.

Is the aim to be on the 1-3% rang of the pool or of the total coin hashrate ?

So any coin with low hash rate with good returns means you need to be disciplined   and not over mine it.  you also need to hope that  1000 other gpus jump on it.

You hope or don't hope ? typo there ?

I meant you hope a farm with 1000 gpus does not jump into the pool you are on. It strips your earning power away.

1-3% is the level I try to stay on the pool I am in not all the hash from all the pool on that coin. 

 note this for small hash rate coins.




and back to the sage of  my 8 bcc coins

they are now all in bittrex.com waiting confirms  yeah!  this could be a 'free' 1600 usd

[flminer]

NICE! Glad ya got it worked out.

[philipma1957]

NICE! Glad ya got it worked out.

I have 8 confirms

So I am looking to get 20 confirms.

I may keep 1 coin and sell 7

Btc is doing well over 3200 last I looked

[COINKING84]

funny i bought 8 bcc lol

[philipma1957]

I sold 7 of my 8 coins.

Four of them were escrow funds and I gave the escrow seller most of that bcc . Came to close to 800 usd for him .

[Storx]

today was an amazing day in the SIGT world, bought 2.2BTC of coins @ .000022 today and sold them @ .00003529....

Almost got out of my mistake on BCH today also, it raised up to .084 and my sell out is 0.093 to make some money off the mistake... it looks like it may be trending slightly up.. so it may hit it in the next day or so and wipe out my mistake and release some capital...

Bitconnect and mining has been doing awesome for me as well today, i did a local meetup this morning for crypto investing and crypto mining talks, turned out damn good had roughly 80 people show up... spoke a little about mining and different things i have been dabbling with and Mr Jerry Banfield himself showed up and gave about 20 minutes of talking himself, mostly about steemit... event turned out pretty good i didnt ask anyone to sign up for me, i just showed everyone my earnings on mining, bitconnect, genesis mining, and trading over the past month and had 27 people sign up under me today under bitconnect, so i am fully out on my initial investment into bitconnect of 12k now with the referral bonuses... and 4 of the people offered me money to help them build mining rigs, so i am doing another meetup in roughly 2 weeks once all the parts show up on mining rig builds using their parts as the build...

[QuintLeo]

 Which is why I refuse to specify what most of my NVidia cards have been working on the last couple months - I'm a little over 1% of the TOTAL there, and don't want everyone and their kid brother jumping in and destroying profitability.

 The "natural" growth has been bad enough - there was a time last winter, with HALF the cards, that I was pulling in over 2% of the mined coins - though the value per coin is still up quite a bit from then.

What do you mean by "little over 1% of the total here" ?
Do you mean you manage to earn 1% more than expected ?

 I mean that of the total amount of work being done on that project, my GPUs are doing a little over 1% of the total (almost 1.5% right now with recent upgrades to my farm but it's sliding due to more folks adding more GPUs) and at one point my farm was quite a bit over 2% (though the income per coin was quite a bit less then I was earning enough more to largely make up the difference).

 For a brief while during it's early runup this spring, I was providing a bit over 1% of Total Network Hashrate on DGB-Groetsl, later close to that on DGB-Skein, and at one point I was almost 2% of total network hashrate on DGB-Scrypt - as examples, not what I'm working on now.
 None of those lasted, as folks were drawn to DGB both by talk about it's profitability (DGB was the primary driver for Skein profitability in general at that point, and probably still IS) AND by the fact it was a very high price jump % coin for 2-3 days in a row that CAUSED it to have very high profitability AND to get a lot of folks looking into it (like me) - till everyone and their kid brother jumped on it and drove the profitability back into "the basket".

 My farm also produces ballpark 11% of the Gridcoin production on the Moo Wrapper / RC5-72 project on BOINC (and about 6% of the production of that entire project), but that's not a high-profit activity so I don't mind talking about that.


 I'm not QUITE as bad off as Phil's example - I've got 21 GPUs working on that project right now, the total hashrate equates out to the ballpark equivalent of 1250 GTX 1070 cards (but it''s like ZEC, a fairly wide range of cards work well on it so the actual GPU total is probably higher).

 On the other hand, ONE "big ZEC miner" (say the #5 farm on flypool http://zcash.flypool.org/miners/t1VwDJV6g75FdCQYbTHdunAnZVAdYvd7Q2d, the higher-ranked folks are obviously using NiceHash) moving their farm over would cut net profitability by HALF in well under a week - so I don't talk about it.
 It's more profitable than ZEC on the cards I have pointed at it, but NOT double the profit.

[vg54dett]

Thanks for the explanation, I understand the point better !

[philipma1957]

Just sold some  coin at 3403.

I did hold one of the 8 bcc coins

it moved up.

all in all a good night sleeping.

Have to say  I have been cautious for the entire alt coin explosion  from April of 2016 to August 2017  and  I still made more profit in these 16 months then I made in the

July 2012 to March 2016 time period of 45 months.

[citronick]

today was an amazing day in the SIGT world, bought 2.2BTC of coins @ .000022 today and sold them @ .00003529....

Almost got out of my mistake on BCH today also, it raised up to .084 and my sell out is 0.093 to make some money off the mistake... it looks like it may be trending slightly up.. so it may hit it in the next day or so and wipe out my mistake and release some capital...

Bitconnect and mining has been doing awesome for me as well today, i did a local meetup this morning for crypto investing and crypto mining talks, turned out damn good had roughly 80 people show up... spoke a little about mining and different things i have been dabbling with and Mr Jerry Banfield himself showed up and gave about 20 minutes of talking himself, mostly about steemit... event turned out pretty good i didnt ask anyone to sign up for me, i just showed everyone my earnings on mining, bitconnect, genesis mining, and trading over the past month and had 27 people sign up under me today under bitconnect, so i am fully out on my initial investment into bitconnect of 12k now with the referral bonuses... and 4 of the people offered me money to help them build mining rigs, so i am doing another meetup in roughly 2 weeks once all the parts show up on mining rig builds using their parts as the build...

Yes, SIGT has been kind this week, I offloaded my current position and those shiny BTCs bought more NEO. I havent got the push to do Bitconnect yet well anyways...

@QuintLeo.... yes I feel your pain on new coins and profitability..... however I take a different approach to share the good news rather than hiding it like a secret.

You do know that we are not the only ones looking for good deals. Its really simple to track new & hot coins early really ... so it will be a matter of time before the herd comes in -- that we cannot control. Unless you have 100 rigs running 5xGTX1080ti each.... you can easily mine a nice % of the total mining power.

I have 4 coins that I am mining hard at the moment using my modest NVIDIA farm (22 x 1080ti). Sometimes I stop my 6GHs ETH farm and run sgminer and ccminer for half-day to mine a certain coin before resuming ETH mining again. When its time to sell, I sell the ripe coins at profits every 72 hours.... proceeds will go to buy more my fav shares of 2-3 long term coin hodls.

I have had several PMs from members (I dont know them and first time receiving PMs from them) for me to stop sharing info on new coins... well I guess they will be disappointed.

Its always good to share.