Post
Topic
Board Mining (Altcoins)
Re: [ANN][POOL] Coin Catcher Beta Launch - profit switching transparent scrypt pool
by
bluemist
on 10/03/2014, 11:12:16 UTC
Really like what you're doing and I'm going to keep hashing with you for awhile.  I'm recommending you on cryptocointalk.com but a fair question was raised - interested in your answer.

What some people want to know is how we can be mining coins that bring an estimated .06ish per day but the performance number shows something larger than that.  I said that the estimates below are moment to moment and that the number at the top is an avg over 24 hours - but I don't often see the estimates in the coin list performing at a level that should raise our average.

Can you offer some explanation?  Thanks.

Quote
#   COIN   EST. BTC / MH DAY
1   TagCoin   inactive
2   Fastcoin   0.00680788
3   CHNCoin   0.00660773
4   Litecoin   inactive
5   Worldcoin   0.00644962
6   Feathercoin   inactive
7   Novacoin   inactive
8   StableCoin   0.00612134
9   Elacoin   0.00599290
10   DogeCoin   0.00594683
11   Phoenixcoin   0.00569074
12   Megacoin   0.00565784
13   Anoncoin   0.00565758
14   CasinoCoin   0.00506242
15   DigitalCoin   0.00457285
16   Spots   0.00256626
17   Noirbits   0.00060056


Hey, thanks for recommending us - it’s much appreciated!

It’s hard to say without looking into the specific times with more detail, but there are a couple of likely causes:

- The last few days we’ve seen coins we mine move up and down in profitability quite a bit. The estimated earnings as you said is based on 24 hours so is always trailing behind by many hours.

- The values shown in the coin list are simply based on price and difficulty at the moment. In reality, some coins perform much better and others much worse. Feathercoin for instance seems to generally out-perform our predictions, which bumps up the estimated earnings, but not the value shown in the coin list. Soon we may start to adjust the values in the list based on their past mining performance, which should bring everything a bit more in line.

Hope that makes sense, and cheers again for hashing with us Smiley