[ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining!

[yan7181]

HashX payouts for the payout week of October 10 - October 16 have been made.

This week had an average daily net profit of 0.00034100 BTC per Mh, which comes in at a +17.37% premium to a baseline of LTCGear qASIC shares.

For a comparison against ZenPool: ZenPool costs 250% more ($19.95/Mh vs. HashX at $7.99/Mh), but only pays out 2.6% more (0.00035 BTC/Mh/day today).

did not notice new cloud mining (hashx) by IPO. ur price is 25% higher than ltc gear but ur return is 17.37% minus service fees.
good thing is that we can buy as low as 10 mhs instead of 160mhs package by ltcgear.

[ipominer]

HashX payouts for the payout week of October 10 - October 16 have been made.

This week had an average daily net profit of 0.00034100 BTC per Mh, which comes in at a +17.37% premium to a baseline of LTCGear qASIC shares.

For a comparison against ZenPool: ZenPool costs 250% more ($19.95/Mh vs. HashX at $7.99/Mh), but only pays out 2.6% more (0.00035 BTC/Mh/day today).

did not notice new cloud mining (hashx) by IPO. ur price is 25% higher than ltc gear but ur return is 17.37% minus service fees.
good thing is that we can buy as low as 10 mhs instead of 160mhs package by ltcgear.

A few points...

1) HashX uses multiple LTCGear products and incorporates Scrypt, Scrypt-N, and X11 hashrate from them, not only qASIC shares that mine Scrypt.

2) All HashX payout data is reported as net, which means after fees. This week's net payout was 17.37% above LTCGear qASIC shares.

3) You've made a classic mistake of trying to compare percentages of initial costs against payouts over time, which doesn't work that way:

A simple example with some basic hypothetical numbers:

- Option A: Initial cost of $10, pays out $1 per period
- Option B: Initial cost of $13, pays out $1.25 per period

Most people jump to the conclusion that Option A is better because Option B costs 30% more but only pays 25% more per period. That's inherently flawed, and the real answer of which is better depends entirely on the investment horizon. In that example, Option A reaches breakeven at period 11 vs. Option B breaking even at period 12 and out; however, by period 13, Option B outpaces Option A and continues to do so for the remainder of the investment.

4) To accurately estimate returns from HashX vs. LTCGear qASIC shares over time, you have to account for differences in the rate of difficulty changes across algorithms. Including Scrypt-N and X11 hashrate products in HashX helps maintain profitability over time because those algorithms are less likely to increase in difficulty as rapidly as Scrypt.

[Interized]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

[ipominer]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

For Scrypt coins, you'll want to use an ASIC of some sort.. there are various options from manufacturers like Zeus, Gridseed, etc. For X11 or X13, you would use video cards (GPUs) like the Radeon R9 280x / 290x or Nvidia 750 TI, etc.

[allcoinminer]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

For Scrypt coins, you'll want to use an ASIC of some sort.. there are various options from manufacturers like Zeus, Gridseed, etc. For X11 or X13, you would use video cards (GPUs) like the Radeon R9 280x / 290x or Nvidia 750 TI, etc.

I have two AMD 7950 GPU resting peacefully. What you recommend to do with them?
I get electricity for 5 to 6hrs daily from solar  and rest from the grid.

[ipominer]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

For Scrypt coins, you'll want to use an ASIC of some sort.. there are various options from manufacturers like Zeus, Gridseed, etc. For X11 or X13, you would use video cards (GPUs) like the Radeon R9 280x / 290x or Nvidia 750 TI, etc.

I have two AMD 7950 GPU resting peacefully. What you recommend to do with them?
I get electricity for 5 to 6hrs daily from solar  and rest from the grid.

Mine X11 coins with ipoMiner

[allcoinminer]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

For Scrypt coins, you'll want to use an ASIC of some sort.. there are various options from manufacturers like Zeus, Gridseed, etc. For X11 or X13, you would use video cards (GPUs) like the Radeon R9 280x / 290x or Nvidia 750 TI, etc.

I have two AMD 7950 GPU resting peacefully. What you recommend to do with them?
I get electricity for 5 to 6hrs daily from solar  and rest from the grid.

Mine X11 coins with ipoMiner

What's it average payout?
Or its completely non-listed?
ipominer site shows just zeros.

[ipominer]

What's it average payout?
Or its completely non-listed?
ipominer site shows just zeros.

If you see zeroes for the BTC/Mh/day, that means it is a new coin that is not yet on an exchange - which means it can be far more profitable to mine.

[Phantomofheat]

NOPE coin has finished the mining stage.

[ipominer]

NOPE coin has finished the mining stage.

Indeed, it has. The direct port was redirected about 15 minutes ago. Note that the multiports disable coins automatically at the end of their scheduled PoW mining period, direct ports must be manually switched over.

[Phantomofheat]

Great job I must have checked it just as you were switching it over.

[TheDirtybird]

Why is there no doge for last two days when there is supposed to be merged mining on scrypt coins?.. i was getting doge etc.. now nothing for two days..

Is it only on specific coins.. shouldn't it be happening on any scrypt coin I mine??

What is the story here?

[ipominer]

Why is there no doge for last two days when there is supposed to be merged mining on scrypt coins?.. i was getting doge etc.. now nothing for two days..

Is it only on specific coins.. shouldn't it be happening on any scrypt coin I mine??

What is the story here?

Dogecoin is merged mined with all scrypt coins we have, that's correct. There's a lot of potential variance with its difficulty being so high though -- it is currently averaging around 11k difficulty. The last DOGE block we found was late Saturday.

[TheDirtybird]

Ah so its just some poor luck..  thank you for the update.

 

[ipominer]

Ah so its just some poor luck..  thank you for the update.

 

Right. Prior to that we had a run of good luck with DOGE... ~8 blocks in 2 days from Oct 17-18. That's just the way variance works.

[ipominer]

I added support for a large selection of new algorithms today: X14, X15, X17, Fresh, Nist5, and NeoScrypt.

Since X13 has been pretty quiet lately, I plan on replacing the X13 coin statistics in the site's header with coins that are added across all of those other algorithms.

The first coin to be added from these new algorithms is GanjaCoin (GANJA), which is an X14 coin. It is now available for mining on port 3337.

If you haven't looked into these algorithms, many of them can be mined using sgminer v5 for AMD GPUs or ccminer for Nvidia. You'll need to specify the kernel that is being used, but otherwise it shouldn't be too hard.

For X14 under sgminer you use -k x14, although some older 6000-series AMD cards may require using "x14old" instead.

[yan7181]

something wrong with the x 13 port(port 3336)? i been mining with 50m for hour and it only shows 1901KH/s   

[ipominer]

something wrong with the x 13 port(port 3336)? i been mining with 50m for hour and it only shows 1901KH/s   

There isn't anything wrong with the X13 port currently, although sometimes there can be sporadic reporting of hashrate if there are very few people mining. There is a caching layer before shares get submitted to the database, so if there are not many shares being submitted on a coin they don't get written to the database right away. They will still count towards mining of course, but the displayed hashrate may not be as accurate on the site.

I just decreased the number of stratum instances for X13 down to two, so that may help.

[ipominer]

I added PhoenixCoin today as the first neoscrypt coin on ipoMiner. Feathercoin will be switching to the neoscrypt algorithm in the next few days, so if you're thinking of mining FTC after the switch you can use port 3342 to mine PhoenixCoin to test your setup out.

[cecilbdemented]

I'm getting connection refused on the neoscrypt port.