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January 14, 2014, 04:00:15 AM |
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Hey all-
I have noticed that a lot of times if you chase the top alt-coins in terms of profitability from lists such as coinwarz, dustcoin, choosecoin you end up mining coins that may be technically more efficient than Bitcoin due to a recent difficulty drop, or spike in price on one of the exchanges. The problem though is by the time you are done mining and have accumulated enough coins to sell, you have lost the market opportunity. You can also run into the problem of getting less GH/s due to latency with a small alt-coin pool compared to the load and speed of a large site. In the end, I have found it better to set it and forget it and keep the miner pointed at a large Bitcoin pool. Just thought I'd share, because the enticement of altcoins may be a fallacy for people looking to optimize.
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