Steep drop in ZCL daily production since 2/11/2018

[crypticitygirl]

Anyone else?  New to mining.  First 14 days, averaged .429 ZCL units per day (running 8 1070s and 8 1080ti.).  Last 7 days, daily avg down to .271.  That's a 37% drop.  Can evaluate 4 rigs through an ethos program, and see no significant change in hash rate or anything else.

Price is up significantly, but production is down.  Is this within normal vagaries of production?  Maybe need a new mining platform?

[cashen]

Anyone else?  New to mining.  First 14 days, averaged .429 ZCL units per day (running 8 1070s and 8 1080ti.).  Last 7 days, daily avg down to .271.  That's a 37% drop.  Can evaluate 4 rigs through an ethos program, and see no significant change in hash rate or anything else.

Price is up significantly, but production is down.  Is this within normal vagaries of production?  Maybe need a new mining platform?

You're new to mining and you have 8 TIs and 8 1070s?

[crypticitygirl]

I'm in a highly technical profession (but not computer/EE related). Also an aggressive stock market investor. I'm a risk-taker.  curious about coin, but needed to learn....a lot.  trusted techie friend, whose brain I had been picking for weeks, ran into an "unrefusable deal."  8' tower which can handle 5 rigs, each rig can handle 8 cards.  4 rigs with 4 cards each. Half were 1070 and half were 1080ti. turnkey deal for under $11,000. Paid my techie about $1500 to set it up and get 4 rigs running 24/7.  room to add an 5th rig, plus 24 more cards,  if I can find them well-priced....sigh...  Recouped 20% of my investment since beginning of year, and most of that in last 10 days.

Wondering of other ZCL miners have seen their daily haul drop? 

[lunobird]

As prices go up.  More people mine them.  The total network difficulty goes up, so you end up getting less coins but your dollar rate earn per day may go up slightly or be consistent and the same.

This is normal.

if your a risk-taker consider mining the least profitable most potential growth coin and go long term on it. The herd will always go for most daily profitable coin but not necessarily the most profitable long term coin. Or mine Zclassic and dump it before the fork if your more of a short term profit taker.

Those that were mining Zclassic at $3-4 bucks were producing huge amounts of coin quantity per day.  Those risk-takers that mined Zclassic under $5 that nobody cared about got rewarded big time.

I will mine zclassic to get my bitcoin private fork and wait 1-2 years for it grow and speculate the value may rise if they end up delivering on their goals.

[crypticitygirl]

Thanks Bird.  Objective right now is return of capital.  I understand that the most profitable coin to mine is not necessarily the most profitable to hold.  ZCL has been very nice to me on both fronts in my brief 45 days as a miner.  Clearly, one must have a stomach for volatility to play this game!

Any suggestions for better "holds?"

and excuse my naivete, but what the heck is a "fork?"

Many thanks

[lunobird]

Thanks Bird.  Objective right now is return of capital.  I understand that the most profitable coin to mine is not necessarily the most profitable to hold.  ZCL has been very nice to me on both fronts in my brief 45 days as a miner.  Clearly, one must have a stomach for volatility to play this game!

Any suggestions for better "holds?"

and excuse my naivete, but what the heck is a "fork?"

Many thanks

Hi crypticitygirl.

A fork is happening with zclassic on Feb 28th for bitcoin Private.  All zclassic holders will get 1 to 1 matching.  Make sure your not leaving your zclassic coins on the mining pools, be sure to transfer all of them to the zclassic electrum wallet so your in control of your private keys to redeem your bitcoin private.   Zclassic will lose lots of value on the day of the fork as the developers of zclassic is abandoning it and going over to bitcoin private. Hence the reason not to leave it on the mining pools or an exchange that does not support bitcoin private fork.

Thats why zclassic mining has been treating you well recently.

As for good coins to mine and hold long term.  I would say Zcash , Jp morgan uses their blockchain and zcash privacy tech getting integrated into ethereum.  Anything that makes headlines news or bussiness partnership is a good sign for future long term growth.

Crap coins are speculative and lottery tickets. Sometimes they are fun to mine but most of the they are just depressing and perform poorly but its crypto so you never know if they end up making it big.

Upcomming coins that are not as well known but got good potential or one business partnership is something worth mining.  Komodo, Zencash, Zcoin, vertcoin and digibyte.

You can also mine altcoins and just trade them for a coin you really like.  I like miningpoolhub it autoexchanges it for a popular altcoin or bitcoin.

Good luck.

[crypticitygirl]

Every time I have mined .1 ZCL, it is deposited into my Bittrex wallet.  I'll check with my techie to see if I am positioned well.

Thanks for heads up.