Quote from: feofhweufheuiwhfef on March 05, 2014, 03:57:26 PM

Quote from: ghur on March 05, 2014, 03:19:37 PM

But the reward roughly 60 seconds from now has nothing to do with the profitability of mining a coin for over a day.

Yeah, and I've noticed that multipool.us checks every 1 minute for profitability, and switches you over on the smallest difference, and then it takes time to switch over, leading to lost Khashes and lost time.

So, this is why I've been wanting to find the best altcoin to mine, and only mine that one for prolonged perods of time (at least days, maybe weeks, months, years)

And so, this is why I posted this thread, because I thought that Dogecoin was totally random.

So, I think I should go have a look at the doge blockchain explorer, and I can see for myself how this reward system works..

If I have any issues understanding it, I'll ask you though, because you seem quite knowledgeable.

I currently believe that 2011 was the best year for Bitcoin, because it went up to $32 and back down to $1, meaning, you could speculate that it would rise to $32 again, and indeed, by 2013, it was up to $260... And so, with just a $1,000 investment in 2011, you could have made at least $32,000, and as it turned out, $260,000 and right into $1,000,000 when it went to $1000.

Not only that, but in 2010, mining wasn't profitable, due to BTC being so low in value.

However, I do believe that since the introduction of altcoins, starting with Litecoin, there is a potential to make a nice profit, not mega-huge, but nice, from minin altcoins.

I'm currently looking at TIPS, DOGE, LTC and NVC, based on the ones I've seen come up most often on multipool.us, but I have yet to decide which coin. I would also want to take into account difficulty adjustments and media hype. One advantage of DOGE is media hype.

It seems you got completely the opposite out of my post than what I was trying to tell you.

Actually there is no such thing as a consistently most profitable coin. Market conditions change all the time.
Unless you're micromanaging your rig, you'll get the most profit from scrypt using one of the coin switching pools.

Anything else is just speculation and a gamble.