Post
Topic
Board Mining (Altcoins)
Re: Can we trust mining profitability comparaison websites?
by
boxofspuds
on 04/01/2014, 09:02:00 UTC
Hi everyone, I am a little confused now;
I always go to http://dustcoin.com/ to check the most profitable coin to mine.
I was mining Dogecoin since 2 weeks but tonight, I've see that DIGITALCOIN was 950 % profitable /LTC instead of the usual 120-150% for Dogecoin
so I've transferred all my miners to mine DIGITALCOIN; now the profitability went down to 100% and I've earned 16 DGC in one hour (as usual), nothing has changed.

- How is it possible?
- Can we trust comparaison websites?

I've saw that we could earn 32500$/month (with my rigs) if the profitability stayed like this but it came back to the usual 3200$/month.

I think that it is only possible if someone had a big monopoly on this currency, took it off and put it back. Isn't it?

I also check coinchoose, coinwarz and http://bitcoinwisdom.com/litecoin/calculator

if you are having trust issues with the normal profitability sites, why not calculate the details on your own for whatever wallets you hold?  just need difficulty, hash, current exchange rate of BTC to your alt coin and some basic math/scripts/excel work