Happy New Years! Seventh alt coin thread!

[sNaKeyz0r91]

Thanks citronick for your tip about zealot miner on PHI. Although smOS got updated with that, I just missed that. I just switched right now and will keep it under monitoring for a while. I was using ccminer 2.2.5.

Please update if Pickaxe is doing better than Yiimp on your side. I see it has much more miners, but most important is the revenue


LE: A lot better with zenemy 1.08. Before (ccminer 2.2.5) was having 155-162 Mh/s at 150W PL, now I'm having around 172-173 Mh/s. Yey!

[grchina]

So whats the current opinion from more experienced miners about buying more  gpu rigs with 1080ti,go for it or wait for new model to come out in shops?Or play it safe and dont expand at all untill we see in wich direction will crypto go?

[dragonmike]

So whats the current opinion from more experienced miners about buying more  gpu rigs with 1080ti,go for it or wait for new model to come out in shops?Or play it safe and dont expand at all untill we see in wich direction will crypto go?

Currently I wouldn't buy anything nVidia. Not only is the next gen right around the corner, but the profitable algos have swayed back to AMD territory and ASICs are pounding nVidia land.

RX570/580's have come back down in price. They're (again) king of the hill in hash/dollar terms.

[rs1x]

Thanks citronick for your tip about zealot miner on PHI. Although smOS got updated with that, I just missed that. I just switched right now and will keep it under monitoring for a while. I was using ccminer 2.2.5.

Please update if Pickaxe is doing better than Yiimp on your side. I see it has much more miners, but most important is the revenue


LE: A lot better with zenemy 1.08. Before (ccminer 2.2.5) was having 155-162 Mh/s at 150W PL, now I'm having around 172-173 Mh/s. Yey!

I have been on pickaxe since 4:00 pm Est yesterday. So we can call that 17 hours. My earnings up until
Now are on par with my yiimp earnings when the pool had the payouts we expected.

I’ll report back at the 24 hour mark to make sure it is about where I expected it to Be

[grchina]

So whats the current opinion from more experienced miners about buying more  gpu rigs with 1080ti,go for it or wait for new model to come out in shops?Or play it safe and dont expand at all untill we see in wich direction will crypto go?

Currently I wouldn't buy anything nVidia. Not only is the next gen right around the corner, but the profitable algos have swayed back to AMD territory and ASICs are pounding nVidia land.

RX570/580's have come back down in price. They're (again) king of the hill in hash/dollar terms.

Dont you think that bitmain wont kill rx mining to with thier asics soon enough while nvidia might have some breathing space thx to equihash and x16r or if rx mining dies same thing happens with nvidia thx to milions of amd cards in mines?I guess that we need green algo before expanding

[dragonmike]

So whats the current opinion from more experienced miners about buying more  gpu rigs with 1080ti,go for it or wait for new model to come out in shops?Or play it safe and dont expand at all untill we see in wich direction will crypto go?

Currently I wouldn't buy anything nVidia. Not only is the next gen right around the corner, but the profitable algos have swayed back to AMD territory and ASICs are pounding nVidia land.

RX570/580's have come back down in price. They're (again) king of the hill in hash/dollar terms.

Dont you think that bitmain wont kill rx mining to with thier asics soon enough while nvidia might have some breathing space thx to equihash and x16r or if rx mining dies same thing happens with nvidia thx to milions of amd cards in mines?I guess that we need green algo before expanding

The reaction of the big Cryptonight coins was very important and encouraging for decentralised GPU mining in general. Look at how many algos that used to be nVidia world have been crushed by Asics over the last 6 months.

6 RX570 can yield close to 80% of the profit 6 1080Ti's will give you today. For a third of the price!

[MagicSmoker]

The reaction of the big Cryptonight coins was very important and encouraging for decentralised GPU mining in general. Look at how many algos that used to be nVidia world have been crushed by Asics over the last 6 months.

6 RX570 can yield close to 80% of the profit 6 1080Ti's will give you today. For a third of the price!

Yeah, I'm in total agreement with you on this. Right now the only Nvidia-dominant coin I mine is ZenCash, but at the end of May a large fraction of mining rewards are going to be diverted to paying out on super/secure nodes, and I rather suspect I will stop mining it then. Maybe something else comes along that looks interesting, but as of now I am leaning towards selling almost all of my Nvidia cards while I can still get a halfway decent price for them and plowing the proceeds into more RX 560s and RX 570s.

[rs1x]

The reaction of the big Cryptonight coins was very important and encouraging for decentralised GPU mining in general. Look at how many algos that used to be nVidia world have been crushed by Asics over the last 6 months.

6 RX570 can yield close to 80% of the profit 6 1080Ti's will give you today. For a third of the price!

Yeah, I'm in total agreement with you on this. Right now the only Nvidia-dominant coin I mine is ZenCash, but at the end of May a large fraction of mining rewards are going to be diverted to paying out on super/secure nodes, and I rather suspect I will stop mining it then. Maybe something else comes along that looks interesting, but as of now I am leaning towards selling almost all of my Nvidia cards while I can still get a halfway decent price for them and plowing the proceeds into more RX 560s and RX 570s.

It’s not an awful idea to sell nvidia while you can , one thing that I’ve always found annoying with the rx cards is bios flashing. I’ve become accustomed to nvidia and not needing to tweak bios and it’s a great place to be

[ATCkit2]

Is anyone mining LUX with 1060/70s? If so, what are your hashrates?

[sNaKeyz0r91]

I mined for a few minutes with 6x 1060 6gb and I got with zenemy 1.08 around 75-80Mh/s

[MagicSmoker]

Is anyone mining LUX with 1060/70s? If so, what are your hashrates?

Somewhat dated info: 72MH/s for 6x 1060 3GB using ccminer alexis78phi variant.

[sNaKeyz0r91]

Last block found (LUX) on Yiimp was 5 hours ago.. that's so unlucky

[rs1x]

Last block found (LUX) on Yiimp was 5 hours ago.. that's so unlucky

24 hours on pickaxe and I'm about or above some of my best days on YIIMP.

so from what i can say pickaxe gets a + from me.

[puwaha]

Thanks citronick for your tip about zealot miner on PHI. Although smOS got updated with that, I just missed that. I just switched right now and will keep it under monitoring for a while. I was using ccminer 2.2.5.

Please update if Pickaxe is doing better than Yiimp on your side. I see it has much more miners, but most important is the revenue


LE: A lot better with zenemy 1.08. Before (ccminer 2.2.5) was having 155-162 Mh/s at 150W PL, now I'm having around 172-173 Mh/s. Yey!

I have been on pickaxe since 4:00 pm Est yesterday. So we can call that 17 hours. My earnings up until
Now are on par with my yiimp earnings when the pool had the payouts we expected.

I’ll report back at the 24 hour mark to make sure it is about where I expected it to Be

In theory, that's how pool mining works over the long term.  Small pools will generate fewer blocks, but you'll get a larger share of the block rewards, and over the long term it all evens out.  The only reason to go with a larger hash pool is more frequent payouts.  Using a large hash rate pool might be a good way to go if you are mining a coin that you just want some quick results from... but if you are mining a coin for a while, then you should earn the same amount even on a smaller hash rate pool.  There will be some variance due to luck, but again, over the long term it should even out.

[MagicSmoker]

In theory, that's how pool mining works over the long term.  Small pools will generate fewer blocks, but you'll get a larger share of the block rewards, and over the long term it all evens out.  The only reason to go with a larger hash pool is more frequent payouts.  Using a large hash rate pool might be a good way to go if you are mining a coin that you just want some quick results from... but if you are mining a coin for a while, then you should earn the same amount even on a smaller hash rate pool.  There will be some variance due to luck, but again, over the long term it should even out.

That's the theory, alright; the reality seems to be far less rosy if the pool uses PPLNS, however, and these days most of them do (or the equally perverse variant, Pay Per Last N Time, PPLNT).

It's probably well known among those in this thread that as pool hashrate declines the average time to find each block goes up; perhaps less well-known or appreciated is that there will be wilder swings in time to find as pool hashrate goes down as well, because finding a block is a statistical event, not a mathematical certainty. Since PPLNS only pays you for the last n shares submitted (or n time for PPLNT), it automatically assumes an average number of shares (or time) to find each block. The pool operators can specify how much variance in time to find is permissible (ie - the number of standard deviations), but even if they are feeling particularly generous there will be an amount of time (or # of shares) beyond which you get no credit for your work.

The most egregious example of this in my recent experience (though I have collected many equally egregious ones in the short 6 months I've been mining) happened when a previously popular ZEN pool (Zhash.pro) went down for a day or two to change servers and never seemed to get back to its former hashrate, but it was clear to me that the PPLNS parameters still assumed the former hashrate because I was consistently earning around 60-70% of what I should have every 24 hour period. After watching this occur for over a week I finally called the pool operators out on it in their ANN thread and to their credit, they said they would look into it. The next day they reported that they had made some changes to various settings on the pool and lo-n-behold, earnings did improve spectacularly. In fact, for next couple of days I actually earned more than the calculator on minethecoin predicted!

Of course, that party didn't last too long and once again the pool resumed underpaying on a daily basis, except it was closer to 40% of expected, rather than the 60-70% of before. In fact, during my last mining session with them - where I was merely trying to get my existing balance of 0.0475 up to the payout threshold of 0.1 ZEN  - I mined for 8 hours at a very consistent 1750 H/s and only earned 0.024 ZEN, rather than the 0.0592 expected. In fact, it took another 8 hours of mining to finally hit 0.1 ZEN, and there was one episode where I mined for 3 hours and only got credit for 0.0011 ZEN the next day because a single block had been found in that 24 hour period (despite the pool claiming its average luck was 0.07 days [ie - 14 blocks per day]).

Consequently, I am now mining ZEN on Suprnova where I am also consistently underpaid, but only by 10%; an amount I can live with, relatively speaking.

[sNaKeyz0r91]

Interesting facts @MagicSmoker.

I was also being on Zhash.pro and getting worse than should be.

Right now I mine Lux on Yiimp which has aroung 15gh hashrate, zpool same, pickaxe around 50gh and BSOD over 450. I don't know if I should switch to BSOD, I totally agree with spreading hashrate, but if pool operators are making fun of us, it's not cool so I should move towards the crowd who gets all the blocks, in this case BSOD and in others suprnova it's excellent.

[MagicSmoker]

Interesting facts @MagicSmoker.

I was also being on Zhash.pro and getting worse than should be.

Yeah, I feel bad for recommending it earlier in this thread, but that was right after the operators "did the right thing."

...I totally agree with spreading hashrate, but if pool operators are making fun of us, it's not cool so I should move towards the crowd who gets all the blocks, in this case BSOD and in others suprnova it's excellent.

I had the same perspective - try to support the smaller pools - and I totally bought into the standard line that PPLNS is good because it punishes pool hoppers that swoop in as soon as a block is found and steal your payout percentage. Yes, PPLNS does do that, but make no mistake its main purpose is to limit the amount of liability a pool operator has for paying out on shares that don't find a block. Consequently, it is the smallest pools that benefit most from PPLNS and, conversely, the miners at these pools that suffer the most from it.

[sNaKeyz0r91]

But not all of them.
I remember back in december I was mining XZC at Datapaw and was getting great payouts compared with MintPond which had almost same hashrates and very unlucky finding blocks and bad payouts. I was proud I was mining with a small pool like Datapaw and getting more than expected payouts. Maybe pool operators are not as greedy as we think, but some of them are. We just have to choose wisely and that's why this thread is a great way of information, everyone is sharing.

I will keep mining on Yiimp for a while, maybe luck will come ))

[MagicSmoker]

...Maybe pool operators are not as greedy as we think, but some of them are.
...

Good point - I'm not necessarily saying all or even most PPLNS pool operators are greedy, rather, that they* most are either greedy or incompetent, take your pick.

But even if the operators are highly competent and saintly in manner, PPLNS is still only fair if the time to find each new block by the pool is always inversely proportional to the pool hashrate by a fixed and predictable ratio. If, for example, it takes 5000 shares to find a block but the PPLNS window is 2000 shares then you just got screwed out of 60% of your hashrate. Conversely, if it only takes 1000 shares to find a block with a 2000 share window then you would still get credit for all of your hashrate even if the next block takes 3000 shares to find (this is how PPLNS rewards loyalty).



* - just to clarify, what I am saying is that few pool operators are both competent and not greedy.

[KaydenC]

So whats the current opinion from more experienced miners about buying more  gpu rigs with 1080ti,go for it or wait for new model to come out in shops?Or play it safe and dont expand at all untill we see in wich direction will crypto go?

Currently I wouldn't buy anything nVidia. Not only is the next gen right around the corner, but the profitable algos have swayed back to AMD territory and ASICs are pounding nVidia land.

RX570/580's have come back down in price. They're (again) king of the hill in hash/dollar terms.

1080tis are not bad now that they do 53mh/s in Eth at 65% PL. Sure 2x 570 can do 58mh/s but it takes twice the rig components, space, and most importantly time (maintenance and setup). 1080tis are also a bit more efficient and who knows there could be exotic shitcoins that uses 11gb ram in the future.

I agree it's a bad time to buy GPUs though. No cards can cover a 40% depreciation with mining profits before next gen launches unless crypto moons (best to buy coins if you think this will happen) or Nvidia pushes next gen back to December or something.

I am accumulating PSUs though. Got 1500w titaniums and 1200w platinums at $399/$229 respectively.