1 x 1080ti @ ~50Mh/s on SIGT = approx. $5.15/day
at 30,000 difficulty and half-reward, really???
30k difficulty is not the norm since the rewards got cut
http://nullspam.ru/nodes/signatum/No offence, but the fluctuating difficulty isn't an issue. It's the halving and constantly dropping exchange rate that is making mining this coin mediocre.
Your calculation is also incorrect. $5.15/day sounds like something from whattomine calculator. In fact it is hardly $3.00/day with one 1080 Ti (net profit). I stopped mining SIGT at the very moment the halving was applied. Until then it was a joyride, but now SIGT is not even in the TOP 10 most profitable coins. And believe me, $5.15/day is just a beginning of what you can get out of your card. You just need to do your own research and remove whattomine from your bookmarks because NONE of the most profitable coins is listed there.
I still keep something around 2k in SIGT hoping to dump around $0.12 but the depreciation is showing signs of a long-term trend.
If you care about SIGT, support it by mining it.
If you believe in SIGT, mine more profitable coins and turn your profit into SIGT.
If you care about PROFIT, do your homework and find yourself a more lucrative coin to mine.
Hi @forstik. I use whattomine.com almost every day, but just because I don't know any better. I've been mining for over a year but mostly just ETH, ZEC, XMR and recently tried SIGT for a few days. You mentioned the lack of profitable coins there, and to "do your homework" fro a more profitable coin.
I honestly wouldn't know where to start since I am just a small scale guy with 2 6 rigs (1 AMD and 1 Nvidia) - but would you mind making some suggestions about where to at least learn about this stuff? I'm not expecting you to tell me what I should be mining but it would be great to know where I can do this research, and also to know why the most profitable stuff isn't at whattomine.com. Should I be looking in the ANNs for new coins? would you mind suggesting any good resources for learning about choosing what to mine?
Hey there,
don't get me wrong, whattomine plays a super-important role in mining environment - it creates mainstream mining. Huge number of miners make decisions based exclusively on it. And for casual miners it's perfectly OK. Hey, we've all been there - bought first 1080 Ti, downloaded EWBF or Claymore, visited whattomine and started mining Zcash or ETH. This way you can achieve a low yet steady income without much effort.
But you can do better. Much better.
Take a look at the algos, that are mined at yiimp, zpool & suprnova. Go through the forums. Check new coins and new algos. Forget whattomine . Their calculations are often far from reality and some coins seem to be rather uninteresting while it's complete opposite in reality. Even if you insert tested overclocked hashrates, it gives you really strange results based on CURRENT prices and OUTDATED difficulty settings.
Unless you have a small farm running on profitability-switching miner and covert mining profits into BTC or ETH multiple times during the day, current prices shouldn't be what you look at.
Don't be afraid to be an early adopter of a certain coin which you see a potential in. Use one of your rigs for experiments. You will be able to mine thousands of that coin in two or three days and you can take on another one. In a few months, you will have tons of altcoins. Some of them will not increase in value, but some of them will make you a fortune and compensate you for the rest.
I mine even coins others dare to touch and sell them during pumps. Good trading strategy combined with patience will increase your mining revenue by 50-100% easy.
I have very simple piece of advice - TRACK EVERYTHING. Set your clock on your phone to a certain time of the day and record all the daily earnings in a spreadsheet. The crypto you receive is the only figure you can really rely on and all your decisions should be based on these raw data.
One final advice - be EXTREMELY careful when downloading mining software from unknown sources. There are tons of vvery sophisticated infected miners that will hash for someone else (in better cases).