Fifth alt coin thread last four got too big.

[EvilMonkey]

...
skunk is killing zec at the moment

It was awesome while it lasted. Still don't know what they were mining with skunk on nicehash.

party started quite awhile ago.... I think NH is late to capture the moment

only SIGT is the coin that I know of using skunk algo and currently only available at Cryptopia exchange

yea, it was great while it lasted...

SIGT is currently trading $0.0526..... dropped -30%.... this could be due to dev leaving news or evil NH just opened the floodgates

It bounced back a fraction.

https://new.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje




I am now at 24 a day  I was over 60 a day yesterday and it dropped to  13 a day

Once people used any kind of auto switching soft ware  it all  switched to sit and killed it.

This is why I don't care for auto switching software.  It flattens prices on hot coins. look at the chart

It wasnt autoswitching that killed it.  Nicehash was super late to the party.  I have been mining SIGT for 3-4 weeks.  I was making 17$ a day per 1080ti for around one week.  Around a week ago the 30,000th block was mined which increased the difficulty and the reward was also reduced around the same time.

This caused the price of SIGT to go up because it was harder to get which also ment we were able to mine at $5.50 for another week or so.   It has now got to the point where people are able dump it below profitable levels with a small dump so it is risky to mine.  But yes this is  when autoswitching can make it risky to mine but it can also mean you can mine it while its not getting dumped.

[EvilMonkey]

Actually  if you mine zec or sigt or skein  on nicehash and auto convert  to btc  then buying eth and holding the eth,

  you will earn more then mining and holding eth if you have 1080ti's

there are exceptions  but that is pretty much the facts.

A lot depends on how many cards  but mining zec skein and sigt have worked better for the most part.

I think my point was missed.  Chasing after a hot coin to convert to a "stable" coin is gambling just as much as mining the "stable" coin and holding.

What happens when Sigt has a flash crash and you are left holding a bag of now less worthwhile coins?  Mining with a single 1080ti on Equihash at Nicehash will require you to wait 14 days to generate enough BTC to allow them to pay out.  Sure you can have more GPUs to decrease that wait period but you aren't in control of your income, you are depending on the "market" at Nicehash to deliver.  Plus you pay 4% to transfer out to your external wallet from Nicehash.  No thanks.

By no means am I advocating mining ETH with a 1080ti... but people have their legitimate reasons.  Mostly because they don't want to have to babysit their rigs chasing a hot coin, dealing with new versions of miners, compiling from source or just trusting that newbie posting who claims an extra 3% hashrate increase,or lose tons of profit in autoconversion schemes, conversion fees, transfer fees, etc.

I wish I could retire and watch rigs all day chasing after the "next big thing".  I envy you Philip.

Nobody missed your silly point.  You still need to mine a minimum amount of eth before you can cash out, you can join pools that pay sooner.  There is no next best thing to constantly chase if you dont want to.  There is good old reliable fallback options such as zec and skien.  These have been consistently paying 30-50% more than ETH.  No one was chasing around after them, 5 minutes a day if you need to change your miners to something else.  Otherwise you just have a alert on your  phone to make sure they don't lose profitability.

That leaves you around 20 mins now and then to see if anything interesting comes along.  If it does you might spend an hour or two getting it going on all rigs.  But when it is something like SIG that lasted a month it is well well worth it.  Unfortunately I was lazy and let it sit for a few days, if I wasn't it could have easily been 100$ a day.

Point is you don't have to do much chasing to mine the most valuable coin and the reasons people mine ETH and hold it hoping it will go up is because they are lazy, uninformed or have no idea what they are doing.

I have a bunch of friends like that, they are all of those things above plus as you say have limited time.  But once I showed them the way they are kicking themselves for all those missed profits.

[philipma1957]

...
skunk is killing zec at the moment

It was awesome while it lasted. Still don't know what they were mining with skunk on nicehash.

party started quite awhile ago.... I think NH is late to capture the moment

only SIGT is the coin that I know of using skunk algo and currently only available at Cryptopia exchange

yea, it was great while it lasted...

SIGT is currently trading $0.0526..... dropped -30%.... this could be due to dev leaving news or evil NH just opened the floodgates

It bounced back a fraction.

https://new.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje




I am now at 24 a day  I was over 60 a day yesterday and it dropped to  13 a day

Once people used any kind of auto switching soft ware  it all  switched to sit and killed it.

This is why I don't care for auto switching software.  It flattens prices on hot coins. look at the chart

It wasnt autoswitching that killed it.  Nicehash was super late to the party.  I have been mining SIGT for 3-4 weeks.  I was making 17$ a day per 1080ti for around one week.  Around a week ago the 30,000th block was mined which increased the difficulty and the reward was also reduced around the same time.

This caused the price of SIGT to go up because it was harder to get which also ment we were able to mine at $5.50 for another week or so.   It has now got to the point where people are able dump it below profitable levels with a small dump so it is risky to mine.  But yes this is  when autoswitching can make it risky to mine but it can also mean you can mine it while its not getting dumped.

I mined Sigt for weeks on zpool  I earned more then 1000 usd doing it

http://zpool.ca/?address=1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

I am and will remain anti autoswitching as it kills off  hot coins with smaller hashrate.  No more complicated then that.

I am not against auto conversion to btc which is what I do.

[cryptotore]

Hey Phil!

Would you recommend Nicehash for mining Daggerhashimoto instead of mining ETH directly?
I'm getting worried I'm not getting all my hashrate registered there.
And what about x11?

Do you have any experience/input?

[puwaha]

Nobody missed your silly point.  You still need to mine a minimum amount of eth before you can cash out, you can join pools that pay sooner.  There is no next best thing to constantly chase if you dont want to.

And you just confirmed my point.  

There is good old reliable fallback options such as zec and skien.  These have been consistently paying 30-50% more than ETH.

For nvidia cards certainly.  I think many people just like ETH, and with the shortage of AMD cards recently, are content to buy nvidia cards to mine it.  There are people out there who want to mine BTC as well, and while we can agree that it's a tough adventure, they have their reasons.


{snip}

Point is you don't have to do much chasing to mine the most valuable coin and the reasons people mine ETH and hold it hoping it will go up is because they are lazy, uninformed or have no idea what they are doing.

I have no doubt that there are plenty of people out there with those qualities you mentioned.  But to call them silly, is trying to fit your priorities onto them.  Sometimes I'll turn on my profit-miners in awesome miner to mining pool hub just to accumulate a wide variety of coins (I don't auto-convert to BTC).  If it was "profitable" for the brief period at one time, I reckon they will come back around again later.  I tend to look at the longer average of a coin rather than to ride the waves.  I mined sigt for a while, denarius before that, chaincoin before that, lbry before that (and occasionally come back to it), Zencash before that, Skein before that... I'm currently mining diamond.  It's consistently a top performer... but I came to realize, I'm chasing these coins for the wrong reasons.

I have a bunch of friends like that, they are all of those things above plus as you say have limited time.  But once I showed them the way they are kicking themselves for all those missed profits.

Are you autoconverting to BTC at a pool?  Which one?

[philipma1957]

Hey Phil!

Would you recommend Nicehash for mining Daggerhashimoto instead of mining ETH directly?
I'm getting worried I'm not getting all my hashrate registered there.
And what about x11?

Do you have any experience/input?

Many people that complain about nicehash fees but they don't understand many times  you are overpaid  for the  hash you sell.

So  if you want to point  anything at nice hash  you need to know  what the true rate is


so in the case below you may be paid .2850  vs .2724

  this  will be charged a fee to convert to btc and a fee to withdraw  about 5%

so .2850 x .95 = .27075

which is not 5% less then  .2724  so .2724 x .99 = .269676


So nice hash pays .27075  with the coin in your wallet and a 1%  fee pool pays .269676 and you have yet to have it in your wallet so more fees still happen depending on the pool

So bitching and moaning against nicehash is not based on good math

[philipma1957]

Hey Phil!

Would you recommend Nicehash for mining Daggerhashimoto instead of mining ETH directly?
I'm getting worried I'm not getting all my hashrate registered there.
And what about x11?

Do you have any experience/input?

I have a tiny little 5mh miner  for x11  it earns 10 cents a day and burns 3 cents to earn it

https://new.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

[rs1x]

Phil tell me about your solar guy and the advantages of megoing with him. I'm in east side of PA

[citronick]

Grrrr..... I wanted to get a few more A741s.... and it out of stock!!!

[btcgolong]

Is the party over?


Looks like the ROI on new equipment is about 1 year right now, of course we know as difficulty increases, it could take longer...


On the other side you are making far more than the electricity costs and if the coin value keeps going up we are all good.


I've got a question, it was a good run from December to June because of the huge increase in the value of the all the coins (across the board), the question is: how did YOU feel about mining outlook last December and January?

[vg54dett]

Anyone here holding XMR ?I would be glad to get advices on how to hold some offline safely ?
Ledger Nano S doen't support XMR yet, what is the best solutionat the moment ?

[citronick]

Hey Phil!

Would you recommend Nicehash for mining Daggerhashimoto instead of mining ETH directly?
I'm getting worried I'm not getting all my hashrate registered there.
And what about x11?

Do you have any experience/input?

I have a tiny little 5mh miner  for x11  it earns 10 cents a day and burns 3 cents to earn it

https://new.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

My group's X11 farm profitability has decreased significantly, although we had a fantastic 6-7 run prior months (ROI in 2.5 months) but as of this month mining DASH or selling hash at Nicehash not as profitable as before.

The influx of Baikal and ibelink ASICS has ramp up the difficulty levels higher. With Bitmain and Innosilicon, coming in later in the next few months with 15GH and 30GH miners -- it will be soon game over. I think Bitmain got the X11 game wrong this time. The smaller guys Baikal (900MHs and 2GH miners) and ibelink (11G miner), IMHO has taken the early lead.

My group's A4 and L3+ Scrypt farm however is a different story.... good profitability still in LTC and some hot Scrypt coins. Hopefully Bitmain doesn't ship anymore L3+s and focus on the D3 shipping in November but I think they got the X11 game wrong this time.

[citronick]

https://www.coindesk.com/amd-releases-new-software-package-cryptocurrency-mining/

Finally new drivers?

LOL.... imagine AMD include Claymore miner in their GPU? Claymore could be a billionaire!

[philipma1957]

Phil tell me about your solar guy and the advantages of megoing with him. I'm in east side of PA

he lives 2 miles from me.  his business is solar installs

the array is on his property.

NJ allows grid tie systems

this means  you get $0 power bill if you understand how to use the array and you have a big array.

if your array makes 75kwatts an hour for 6 hours a day it makes  6 x 75 = 450 kwatts a day

if you burn 11 kwatts for 24 hours you need    264 kwatts
so for 6 hours you pull it from the solar  that is 66kwatts
 you buy  the rest   from the power company   198 kwatts

but those 6 hours of sun let you sell  75-11 64 kwatts x 6 = 384 kwatts at a discount to th power company

so selling the 384 in the day pays for buying the 198 at night =  a $0  power bill

you need land to build a big enough array  a rooftop is not big enough.
you need a state that promotes it.

NJ is good other states not so good.

[LoneRangir]

https://www.coindesk.com/amd-releases-new-software-package-cryptocurrency-mining/

Finally new drivers?

LOL.... imagine AMD include Claymore miner in their GPU? Claymore could be a billionaire!

I've tried the driver on a test rig, and have had varying luck.

The card that does not have modded voltage works fine and is mostly back to normal, but the RX480 with tweaked voltage does not work as good as it used to. Only getting 25MH/s instead of 29

[rs1x]

Phil tell me about your solar guy and the advantages of megoing with him. I'm in east side of PA

he lives 2 miles from me.  his business is solar installs

the array is on his property.

NJ allows grid tie systems

this means  you get $0 power bill if you understand how to use the array and you have a big array.

if your array makes 75kwatts an hour for 6 hours a day it makes  6 x 75 = 450 kwatts a day

if you burn 11 kwatts for 24 hours you need    264 kwatts
so for 6 hours you pull it from the solar  that is 66kwatts
 you buy  the rest   from the power company   198 kwatts

but those 6 hours of sun let you sell  75-11 64 kwatts x 6 = 384 kwatts at a discount to th power company

so selling the 384 in the day pays for buying the 198 at night =  a $0  power bill

you need land to build a big enough array  a rooftop is not big enough.
you need a state that promotes it.

NJ is good other states not so good.

so sounds like not much that i can do with him as im not in NJ

[philipma1957]

I think he serves pa.  Shoot him a pm

His name on this site is buysolar

[Marvell1]

my 1080tis stay on eth, i get 36mhs eth and 120lbry per card

at only 75 percent tdp ,

A day? That just doesn't sound even slightly credible.  I mean that is 40$ worth LBC a day on one card with almost zero degradation to ETH mining.  So probably like $44 a day.  That is more like 10 cards...

120 mhs of lbry lol not 120 a day , why would i list mhs for eth and the amount of lbry mined that makes no sense

[QuintLeo]

There is good old reliable fallback options such as zec and skien.  These have been consistently paying 30-50% more than ETH.

For nvidia cards certainly.  

 Depends - for the 1070 and 1060, ETH and ZEC (and Skein or Groestl on the 1070)  have generally been about the same profitability.
 1080 and 1080ti being poor ETH miners do lots better on ZEC Skein and Groestl.

[QuintLeo]

My group's A4 and L3+ Scrypt farm however is a different story.... good profitability still in LTC and some hot Scrypt coins. Hopefully Bitmain doesn't ship anymore L3+s and focus on the D3 shipping in November but I think they got the X11 game wrong this time.

 It's only been a couple weeks since the last L3+ batch went on sale - they seem to be averaging about one batch of those a month.

 Scrypt has been a happy place the last 3-4 months - my A2 farm has almost paid for itself in that timeframe (and it was ALREADY PAID FOR in full last year, after factoring in electric costs etc.).
 I was getting close to shutting them down around Feb as they were getting very marginal even at my very cheap electric cost - then WHAM Litecoin price goes crazy and the profitability went even more crazy....