Fifth alt coin thread last four got too big.

[QuintLeo]

@phil - thank you I appreciate your response. So if diff has increased perhaps whattomine did not reflect that increase in their calcs?

 Were you looking at the "last 24 hours" figure or the "current" figure?

 Also, WhatToMine DOES seem to lag behind a little on the "current" figure on a lot of coins - though it's usually a matter of minutes, not hours.

[citronick]

@phil - thank you I appreciate your response. So if diff has increased perhaps whattomine did not reflect that increase in their calcs?

 Were you looking at the "last 24 hours" figure or the "current" figure?

 Also, WhatToMine DOES seem to lag behind a little on the "current" figure on a lot of coins - though it's usually a matter of minutes, not hours.

In conjunction with whattomine and browsing here in Phil's thread :-)

I usually track... yimp.org and zpool.ca too, for new coin listing.

If a new coin is listed there.... that means demand for the coin for mining exist, and its worthwhile for pool owners to set them up.

In addition, I track rumblings in bitcointalk esp devs like tpruvot, sp_, w0lf etc

These devs usually will offer to write for a fee (or free to use) ..... enhance forks for ccminer, sgminer etc to mine these new coins.

[GabryRox]

@phil - thank you I appreciate your response. So if diff has increased perhaps whattomine did not reflect that increase in their calcs?

One thing that you will learn over time is that most of the mining calculator sites will sporadically show a non-major coin rise to the top of the profit chart.  However, unless you can start mining that coin very quickly after it jumps to the top, you are likely to "miss the boat". The main reason for this is that a lot of miners are using auto-swtiching, which means the second that EXP or other coin hits #1, you have a mass amount of rigs switching over to mine it.  In your case, given that most of the global hashrate on ETHash is mining ETH or ETC, as soon as a big chunk of that hashrate moves over to mine EXP, the diff starts to go through the roof.  Net effect is that very soon, its profitability will drop back down into the weeds again. When I first started mining, I saw this a lot and was tempted to swtich, but after I realized what I described above, i pretty much ignored it.. unless of course if a mid-level coin were to rise significantly in price and stay up there for a while, but that simply hasn't happened, at least this year, since ETH has pretty much been at the top the entire time (at least for RX cards).

[philipma1957]

@phil - thank you I appreciate your response. So if diff has increased perhaps whattomine did not reflect that increase in their calcs?

One thing that you will learn over time is that most of the mining calculator sites will sporadically show a non-major coin rise to the top of the profit chart.  However, unless you can start mining that coin very quickly after it jumps to the top, you are likely to "miss the boat". The main reason for this is that a lot of miners are using auto-swtiching, which means the second that EXP or other coin hits #1, you have a mass amount of rigs switching over to mine it.  In your case, given that most of the global hashrate on ETHash is mining ETH or ETC, as soon as a big chunk of that hashrate moves over to mine EXP, the diff starts to go through the roof.  Net effect is that very soon, its profitability will drop back down into the weeds again. When I first started mining, I saw this a lot and was tempted to swtich, but after I realized what I described above, i pretty much ignored it.. unless of course if a mid-level coin were to rise significantly in price and stay up there for a while, but that simply hasn't happened, at least this year, since ETH has pretty much been at the top the entire time (at least for RX cards).

yeah auto switching will kill off any small  hash rate hot coin  it is why  auto-switching sucks it is also why some pool owners punish you big time for switching.

[rs1x]

@gabry and @phil - thank you for all the input. I fell for the move this morning.

With the new drivers on my windows boxes I shlold just stick to eth

[rs1x]

Running new drivers on all of my rigs now. I squeezed out about 32mhs between the 3 rigs. That's basically like adding a card.

[jmayniac]

yeah auto switching will kill off any small  hash rate hot coin  it is why  auto-switching sucks it is also why some pool owners punish you big time for switching.

Is it better to just mine one coin, e.g. Zcash, than to constantly switch to whatever coin is the hottest at that point?  I've tried autoswitching software and it doesn't seem to make much of a difference, but i didn't trust it and didn't run it for more than a day or so.

[philipma1957]

yeah auto switching will kill off any small  hash rate hot coin  it is why  auto-switching sucks it is also why some pool owners punish you big time for switching.

Is it better to just mine one coin, e.g. Zcash, than to constantly switch to whatever coin is the hottest at that point?  I've tried autoswitching software and it doesn't seem to make much of a difference, but i didn't trust it and didn't run it for more than a day or so.

Complex question the less you know the easier it is to simply mine zec at nicehash .

The assumption for that is you have nvidia 1080 or nvidia 1080 ti.

Have the zec auto convert to btc.  Don't change a thing for a week or two. This helps you see your true profit.

Once you know what zec pays if you have multi rigs you can try 1 rig on zec 1 rig on another coin.

Compare the two rigs earnings.

I have four coins maybe five I shift. But I always mine some zec at nicehash and use it' as a baseline to decide to shift or r not shift.

[GabryRox]

Very interesting conversation about rx 470/480's & 1080ti's... when to sell, convert, etc.  Certainly I missed the $300+ sell window that Phil mentioned but seems 470 4GB are still going for between $250-$275 on ebay recently.  I actually just sold my 1 new 470 that I had been holding in case 1 of my 24 running crapped out... but figured with 5xx easier to get now as well as Vega starting to hit, I better sell it now. Got $350, which is 2x what I paid, so happy with that.

But, I have been thinking about the whole conversion/upgrade thing a lot since this is my first time in that game (not quite been mining 1 year). Originally, I was baffled (like a recent poster) because I just couldn't see the reasonable ROI in going with a 3 or 4 1080ti rig.  And, certainly, if you were new to mining and buying those 1080's straight up with cash as an initial investment, that would actually hold true as current ROI mining ZEC is about 240 days, which is certainly not great. 

However, for those with $ already invested in GPUs (assuming already ROI'd as in my case and probably anyone else who has been mining since beginning of 2017), you have to look at it a little differently.  If upgrading your GPUs, you need to factor in what you can get for selling your old ones.  So in my case, I am looking to start by upgrading 1 6x470 rig to either a 3 or 4 1080ti rig.  My assumptions are that I can get $250 per 470, so $1500 total.  I know Phil said ti's can be had for close to $700 or less but I only saw $750-$780 on newegg today, so I am figuring $750 for now. 

So, for a 3-card 1080ti rig, my investment would only be $750  ($2,250 for 3 ti's less $1,500 for the sold 470's).  Currently, a 3 1080ti rig nets a bit over $9/day mining ZEC, so your true days-to-ROI (all else being equal) would be about 80 days, which is clearly very reasonable. A 4x ti would take about 120 days because you are now $1,500 out of pocket, but still not bad, especially if you are bullish on the future of ZEC.

The other thing to consider in this is that ETH is on its last legs. Even before the rewards halving (when exactly is that supposed to be?), the daily increase in difficulty is killing profits, and once more Vega's hit the market, it's going to get even worse.  When I look at my profit charts right now, converting may not make sense at first glance since each 6x470 rig is pulling in $8.60/day profit and that 3x 1080ti rig would only be doing slightly better than that (~10%) on ZEC... AND I have to fork out the extra $750 for the 3rd ti... BUT... the mitigating factor in this is that ETH profitability is dropping MUCH faster than ZEC and one way or another, will almost assuredly be dead by end of year, of not before.  ZEC is still a relatively new coin so should still be reasonably profitable to mine for some time. So, it's more about future proofing and preparing for EOL of ETH in my mind.  Hopefully I can get 1 rig converted in the next month and see how it goes from there. I don't think 470's will be completely obsolete for a while as there are still other ETHash coins than ETH that are at least currently still profitable without the upcoming issues facing ETH.

[philipma1957]

amazon has this one 740 - 37 = 703  I have a cc from amazon prime 5% discount














or two of these with 24 months to pay
 no interest 61 a month.  this is a way to get btc for paypal.  no money down as long as the 2 cards earn 3 bucks a day after power  they are worth the price.

[jmayniac]

Complex question the less you know the easier it is to simply mine zec at nicehash .

The assumption for that is you have nvidia 1080 or nvidia 1080 ti.

Have the zec auto convert to btc.  Don't change a thing for a week or two. This helps you see your true profit.

Once you know what zec pays if you have multi rigs you can try 1 rig on zec 1 rig on another coin.

Compare the two rigs earnings.

I have four coins maybe five I shift. But I always mine some zec at nicehash and use it' as a baseline to decide to shift or r not shift.

I am a small time miner, only 1 rig with a mix of Nvidia 1060 - 1080 cards.  I don't mine at Nicehash anymore, and haven't for over a month.  I am currently mining Zcash at Miningpoolhub.com as that is whattomine.com has suggested will make the most for me.  I was mining SIGT at Suprnova.cc, but i have to convert that all myself at Cyptopia and that went down in price a bit to make Zcash more profitable.  I'm really only interested in Bitcoin right now and i will buy whatever other coin I want to HODL with that.

I did try algorithm switching with Miningpoolhub.com and Zpool.ca for a couple days, but I seemed to get get about $2 less, it's tough to calculate.

[dragonmike]

Auto-switching doesn't work well currently as the altcoin market is in a fairly stagnant phase. So you end up switching all the time and earn less in the end.

Whattomine is an interesting animal, you have to learn to use it. The 24h-averages are a good guideline, but what I tend to do is identify two or three coins that are fairly profitable and then look at the one whose price is most depressed currently. Then I start to mine that one for a few days, until the next pump. Then I sell my production.

If you're more into short-term and look at current profit/difficulty output on whattomine, look at the top coins and select the one that has the highest difficulty INCREASE. Most of the time, the top spot are occupied by coins that have had a big difficulty drop. If you start mining one of those you've basically just missed the boat. Diff will only go up from there. Pick instead one that has had a big difficulty increase and mine it while it drops back again!

[philipma1957]

Auto-switching doesn't work well currently as the altcoin market is in a fairly stagnant phase. So you end up switching all the time and earn less in the end.

Whattomine is an interesting animal, you have to learn to use it. The 24h-averages are a good guideline, but what I tend to do is identify two or three coins that are fairly profitable and then look at the one whose price is most depressed currently. Then I start to mine that one for a few days, until the next pump. Then I sell my production.

If you're more into short-term and look at current profit/difficulty output on whattomine, look at the top coins and select the one that has the highest difficulty INCREASE. Most of the time, the top spot are occupied by coins that have had a big difficulty drop. If you start mining one of those you've basically just missed the boat. Diff will only go up from there. Pick instead one that has had a big difficulty increase and mine it while it drops back again!

As good as any way to guess.

At the moment I am almost all zec. About three dollars a card which is fine for me.

[citronick]

Auto-switching doesn't work well currently as the altcoin market is in a fairly stagnant phase. So you end up switching all the time and earn less in the end.

Whattomine is an interesting animal, you have to learn to use it. The 24h-averages are a good guideline, but what I tend to do is identify two or three coins that are fairly profitable and then look at the one whose price is most depressed currently. Then I start to mine that one for a few days, until the next pump. Then I sell my production.

If you're more into short-term and look at current profit/difficulty output on whattomine, look at the top coins and select the one that has the highest difficulty INCREASE. Most of the time, the top spot are occupied by coins that have had a big difficulty drop. If you start mining one of those you've basically just missed the boat. Diff will only go up from there. Pick instead one that has had a big difficulty increase and mine it while it drops back again!

As good as any way to guess.

At the moment I am almost all zec. About three dollars a card which is fine for me.

Monero is up 70 bucks

Can the 1080ti go on beast mode with Monero and deliver better profits than ZEC?

[dragonmike]

Auto-switching doesn't work well currently as the altcoin market is in a fairly stagnant phase. So you end up switching all the time and earn less in the end.

Whattomine is an interesting animal, you have to learn to use it. The 24h-averages are a good guideline, but what I tend to do is identify two or three coins that are fairly profitable and then look at the one whose price is most depressed currently. Then I start to mine that one for a few days, until the next pump. Then I sell my production.

If you're more into short-term and look at current profit/difficulty output on whattomine, look at the top coins and select the one that has the highest difficulty INCREASE. Most of the time, the top spot are occupied by coins that have had a big difficulty drop. If you start mining one of those you've basically just missed the boat. Diff will only go up from there. Pick instead one that has had a big difficulty increase and mine it while it drops back again!

As good as any way to guess.

At the moment I am almost all zec. About three dollars a card which is fine for me.

Monero is up 70 bucks

Can the 1080ti go on beast mode with Monero and deliver better profits than ZEC?

Doesn't look like it.
On regular 1080's XMR mining currently seems to yield only approx 50-60% of ZEC mining.

[jmayniac]

Auto-switching doesn't work well currently as the altcoin market is in a fairly stagnant phase. So you end up switching all the time and earn less in the end.

Whattomine is an interesting animal, you have to learn to use it. The 24h-averages are a good guideline, but what I tend to do is identify two or three coins that are fairly profitable and then look at the one whose price is most depressed currently. Then I start to mine that one for a few days, until the next pump. Then I sell my production.

If you're more into short-term and look at current profit/difficulty output on whattomine, look at the top coins and select the one that has the highest difficulty INCREASE. Most of the time, the top spot are occupied by coins that have had a big difficulty drop. If you start mining one of those you've basically just missed the boat. Diff will only go up from there. Pick instead one that has had a big difficulty increase and mine it while it drops back again!

Thanks for the advice.  I am a few months into mining and just now starting to get away from the newbie stuff.

Lately, I've just been mining whatever is the top coin for me on whattomine.com.  I mine on miningpoohub.com to do the autoconversion for me to BTC (I'm most interested in BTC).  Today, ZClassic shot up to about $10.78 a day, with Zcash below it at $7.89 a day.  I started mining ZCL instead of ZEC because of that.  I'm not sure if this is the right move or not, but i'm trying it out.

[ben8jam]

Is constantly switching coins based on What to mine, only usefull if you are selling the coins straight away? If you believe a certain coin will gain more value than others, doesn't it make sense to stick with one?

ETH rewards are low, but I stil and getting 3-4x my elec costs mining that and even more so if ETH eventually doubles over the next year to more.

I just see it as trading electricty for long term coin investment. Am I off in my thinking?

[philipma1957]

Auto-switching doesn't work well currently as the altcoin market is in a fairly stagnant phase. So you end up switching all the time and earn less in the end.

Whattomine is an interesting animal, you have to learn to use it. The 24h-averages are a good guideline, but what I tend to do is identify two or three coins that are fairly profitable and then look at the one whose price is most depressed currently. Then I start to mine that one for a few days, until the next pump. Then I sell my production.

If you're more into short-term and look at current profit/difficulty output on whattomine, look at the top coins and select the one that has the highest difficulty INCREASE. Most of the time, the top spot are occupied by coins that have had a big difficulty drop. If you start mining one of those you've basically just missed the boat. Diff will only go up from there. Pick instead one that has had a big difficulty increase and mine it while it drops back again!

Thanks for the advice.  I am a few months into mining and just now starting to get away from the newbie stuff.

Lately, I've just been mining whatever is the top coin for me on whattomine.com.  I mine on miningpoohub.com to do the autoconversion for me to BTC (I'm most interested in BTC).  Today, ZClassic shot up to about $10.78 a day, with Zcash below it at $7.89 a day.  I started mining ZCL instead of ZEC because of that.  I'm not sure if this is the right move or not, but i'm trying it out.

chasing hot coins can be fun

https://new.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr 5x 1080 ti's on zec

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https://new.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje  10x 1080ti's on  zec

plus some small miners on other coins on nicehash
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plus 1 1080 ti on

GroestlCoin

https://dwarfpool.com/grs/address?wallet=FjKmKbx3Dh4wso8vzg5W4vpEHf8N1FAx6K

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the key is  constant profit

at the moment 50usd a day  for  about 75 kwatts a day    say 15 usd for my insane summer rates

and oct 1 the summer rates drop to 7.50 usd a day

so today 50 x 30 = 1500      15 x 30 = 450

1150 net.  

[philipma1957]

Is constantly switching coins based on What to mine, only usefull if you are selling the coins straight away? If you believe a certain coin will gain more value than others, doesn't it make sense to stick with one?

ETH rewards are low, but I stil and getting 3-4x my elec costs mining that and even more so if ETH eventually doubles over the next year to more.

I just see it as trading electricty for long term coin investment. Am I off in my thinking?

you are getting coins on the cheap

say 35 dollars in power for 100 dollars in coin.


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so  cash 40  dollars in coin   and hold 60 dollars

or cash 50 dollars in coin  and hold   50 dollars.

those numbers cover your power cost  and pay back the gear slowly.

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most  people  don't understand  a correct defensive position when they are winning

they  would tend to  not   cash  40 or 50 of each 100.

they would cash  100 of each 100 losing the chance at coins going up.

or they cash 0 of each 100 and would hold all the coin  losing a lot if the coin crashes.





you are a certain winner  if you pay 35 in power for 100 in coin on day one  you are 65 dollars ahead

so  plan  on what to do with that 65 on that day.

After playing this for 5 years 2012 to 2017.  I have found  taking some of the profit not all of it and not letting it ride is the easiest mental stress release you can do.

This is why  I do not go nuts switching coins like mad.

[jmayniac]

Yeah, I'm pretty small time right now, so it looks like Nicehash might be a good way to go.  I've only got 1 - 1080, 1 - 1070 and 2 -1060s right now.  I have space for 2 more cards, but I can't find a good deal on any.  I'm still looking.