Most profitable coin to mine information sources

[kasparpalgi]

Hey, was wondering where you guys get information what is currently most profitable with nVidia cards (but also why not with AMD cards - I don't have AMD but my friends have some).

I used to use mostly whattomine.com but it didn't show up by some reason few ago LUX that was most profitable and doesn't show up right now RVN that seems to be currently most profitable for GTX1070ti and GTX1080 at least that I have. So these are the only three places I am currenlty checking (giving also current revenue/profit for one 1080):

whattomine.com - past long-long time if you check average last 24h difficulty then most profitable to keep mining ZEC ($1,26/$0.89). And I check also whattomine.com from inside the AwesomeMiner's "online services" tab as there is information what pool is most profitable, too and sometimes first coin isn't the same as when you check from whattomine.com website. Not sure why is it like that.

cryptoguiminer.com - was giving past weeks RVN as most profitable so my rigs mine that but right now it says Denarius ($20.19) and RVN ($2.04). By the way it's interesting to watch also the profit table inside of the CryptoGuiMiner Windows app as there is slightly different information. Not sure why is it like that. Currently it shows inside the app for 6x1080 Denarius ($380.52/month so one 1080 = $2,08) so quite the same as in website but in app RVN is 5th in the row... second is LUX etc. In website RVN is second choice.

https://www.crypto-coinz.net/crypto-calculator/ - This one I trust least by some reason. It says top one is ABS ($2.26/$1.19). Cryptoguiminer thinks ABS should be $0.96/day with current difficulty and $0,50 average 24h difficulty.Not sure what time period's difficulty this calculator uses.

[kencot02]

namely by the method of PoW (Proof of Work) and PoS (Proof of Stake). If we do not have the latest devices to mine coins like BTC and BCH using PoW method

[mrstark89]

whattomine.com is useful when you compare some coins that already be listed on a high-volume-exchange and manually enter your hashrate of each algo. For new coins and low-volume-exchange you can only estimate your income by calculate
(your estimate income)=(your avg hashrate)/(network hashrate)*(24*3600/blocktime)*blockrewards

[kasparpalgi]

(your estimate income)=(your avg hashrate)/(network hashrate)*(24*3600/blocktime)*blockrewards

OK, thanks a lot. Trying to get all the needed information from Suprnova RVN pool.

1. I couldn't find from anywhere in the pool page average hashrate but finally remembered that Android app MiningObserver shows each workers hashrate and for the example rig I will try to perform the calculation it says average hashrate: 79,6MH/s
2. Network hashrate: 1,849,251.72MH/s
3. Blocktime in seconds? From whattomine I get that it's 55 seconds.
4. Blockrewards from whattomine also got: 5000RVN

Voila, looks like accurate result: https://www.google.ee/search?q=79.6%2F1849251.72*(24*3600%2F55)*5000&oq=79.6%2F1849251.72*(24*3600%2F55)*5000&aqs=chrome..69i57j6.68260j0j7&sourceid=chrome&ie=UTF-8

About little more than 300RVN it makes yes. WhatToMine calculator somehow calculates 311RVN though. Not sure how. https://whattomine.com/coins/234-rvn-x16r?utf8=%E2%9C%93&hr=79.6&p=0&fee=0.0&cost=0&hcost=0.0&commit=Calculate

Anyway - big thatnks for teaching how to calculate revenue.

The original question still was though from where else you guys get information what to mine as it will be quite a nonsense to go one by one hundreds of coins through to find what's good idea to mine in current tough times.

[jimely0907]

can you give a coin that profitable to mine?

[abudfv2008]

can you give a coin that profitable to mine?

Ebaycoin is most profitable for you (if you ask such question here)

[Wotan Wipeout]

Check Ravencoin with Nvidia.

[sigtmerchant]

(your estimate income)=(your avg hashrate)/(network hashrate)*(24*3600/blocktime)*blockrewards

OK, thanks a lot. Trying to get all the needed information from Suprnova RVN pool.

1. I couldn't find from anywhere in the pool page average hashrate but finally remembered that Android app MiningObserver shows each workers hashrate and for the example rig I will try to perform the calculation it says average hashrate: 79,6MH/s
2. Network hashrate: 1,849,251.72MH/s
3. Blocktime in seconds? From whattomine I get that it's 55 seconds.
4. Blockrewards from whattomine also got: 5000RVN

Voila, looks like accurate result: https://www.google.ee/search?q=79.6%2F1849251.72*(24*3600%2F55)*5000&oq=79.6%2F1849251.72*(24*3600%2F55)*5000&aqs=chrome..69i57j6.68260j0j7&sourceid=chrome&ie=UTF-8

About little more than 300RVN it makes yes. WhatToMine calculator somehow calculates 311RVN though. Not sure how. https://whattomine.com/coins/234-rvn-x16r?utf8=%E2%9C%93&hr=79.6&p=0&fee=0.0&cost=0&hcost=0.0&commit=Calculate

Anyway - big thatnks for teaching how to calculate revenue.

The original question still was though from where else you guys get information what to mine as it will be quite a nonsense to go one by one hundreds of coins through to find what's good idea to mine in current tough times.

There are few scripts that I know of (not free ones) that monitor difficulty on proven-to-be-profitable coins and give you recommendations based on your average hashrate. Some of them constantly have new coins added, those with good potential.

[fanatic26]

Unless you are live converting as you are paid out you will never reach the profitability you think. Chasing profitability will cause you to lose out in the end, do reasearch on a coin you think will be going up in price and then mine+hodl it. That is how you make money in this game. What you are trying to do is effectively chasing your own tail.

[kasparpalgi]

There are few scripts that I know of (not free ones) that monitor difficulty on proven-to-be-profitable coins and give you recommendations based on your average hashrate. Some of them constantly have new coins added, those with good potential.

Yepyepyep. That's what I am looking for. Do you know any of those?

[kasparpalgi]

Unless you are live converting as you are paid out you will never reach the profitability you think. Chasing profitability will cause you to lose out in the end, do reasearch on a coin you think will be going up in price and then mine+hodl it. That is how you make money in this game. What you are trying to do is effectively chasing your own tail.

Not true. It not good to auto switch between most profitable all the time and between pools all the time but it's good to mine most profitable for 1-2 weeks and then switch if the new one is already 30+ per cent more profitable. Then you exchange at higher peak to the coin you believe has the potential and HODL.

[mirny]

can you give a coin that profitable to mine?

You're naive as soon as it appear in here, it's no longer profitable...

[Geraldo]

Unless you are live converting as you are paid out you will never reach the profitability you think. Chasing profitability will cause you to lose out in the end, do reasearch on a coin you think will be going up in price and then mine+hodl it. That is how you make money in this game. What you are trying to do is effectively chasing your own tail.

Not true. It not good to auto switch between most profitable all the time and between pools all the time but it's good to mine most profitable for 1-2 weeks and then switch if the new one is already 30+ per cent more profitable. Then you exchange at higher peak to the coin you believe has the potential and HODL.

I think everyone has the same question at this time "which coin." I agree with fanatic26, do research. But not only about the future prices, but also how you can optimize to mine that coins.

And the best answer today is: 

can you give a coin that profitable to mine?

You're naive as soon as it appear in here, it's no longer profitable...

[HorribleGuy01]

I would not be relying much on whattomine.com all of the coins on their website is not profitable anymore, well maybe a few of them. What you can do as others have said is research, try all mineable coins and see what is more profitable.

can you give a coin that profitable to mine?

You're naive as soon as it appear in here, it's no longer profitable...

  This is true. Difficulty increase when miners flock into it.

[kasparpalgi]

(your estimate income)=(your avg hashrate)/(network hashrate)*(24*3600/blocktime)*blockrewards

Is difficulty also calculated from the variables mentioned above? Just wondering because I was expecting that difficulty is used as a variable to calculate profitability.

[Geraldo]

(your estimate income)=(your avg hashrate)/(network hashrate)*(24*3600/blocktime)*blockrewards

Is difficulty also calculated from the variables mentioned above? Just wondering because I was expecting that difficulty is used as a variable to calculate profitability.

Not all of that variable used.

It depends on the coin itself, for every how many blocks they will retarget their difficulty. Let's say Bitcoin as an example. Bitcoin difficulty will retargeted every 2016 solved-block, with 10 minute block time, mean Bitcoin will re-targeting its difficulty every two weeks. If 2016 block solved before two weeks, means difficulty too low and will increase the difficulty.

How fast or slow block solving also related to Network Hashrate. So, difficulty related to Network Hashrate, Block Time, and time of re-targeting itself.

[martinsults]

Where do you find the block reward information for different coins? Is there maybe API, too? Or in the calculator websites people just manually enter block reward information?

[Geraldo]

Where do you find the block reward information for different coins? Is there maybe API, too? Or in the calculator websites people just manually enter block reward information?

Block reward is fixed. But depends on its coins itself for every specific block this "block reward" will decrease (or we called it as Halving). Again, Bitcoin as the example. Bitcoin will halve its block reward every 210,000 blocks.

Every coin has technical info, In announcement thread (at this forum), Whattomine, Coinwarz (or wherever / something similar) you could find this "block reward" info.

[sigtmerchant]

There are few scripts that I know of (not free ones) that monitor difficulty on proven-to-be-profitable coins and give you recommendations based on your average hashrate. Some of them constantly have new coins added, those with good potential.

Yepyepyep. That's what I am looking for. Do you know any of those?

You can look up Mikanoshi in this forum, he is a developer for one of them. Not cheap though.

[NetopyrMan]

you can remove from every calculator: NEOSCRYPT, EQUIHASH, DECRED, LBRY, NIST5, LYRA2V2 and DAGGERHASHIMOTO ...

WHY? coz of NICEHASH (and others autominers, but NH pay directly in THEIR PRICES) ..... in moment when you find a coin, which seems profitable and its 1 of these algos, there is 99,9% chance of nicehash already knows it and switch for that .... and profit si gone in couple of minutes