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Board Pools (Altcoins)
Re: [ANN][POOL] Profit switching pool - wafflepool.com
by
phzi
on 19/03/2014, 23:56:24 UTC
Does this mean we have a year of gpu mining at best or is there more time?
I wasnt mining yet back when bit coin was gpu only so i dont know...
The question with GPU mining, is... what algorithm?  I cannot predict the figure, but I doubt profitable SCRYPT mining with GPUs will last much longer.  And based on recent developments, I would say a few months at best. So, the question then becomes: do we need more cryptocurrencies with new algorithms?  Can an scrypt-adaptive-n or scrypt-chacha or sha3 or etc variant be the next Litecoin?  Vertcoin mining is currently hovering near the profitability of Litecoin mining, and Vertcoin is based on scrypt-adpative-n, which cannot be mined with the upcoming scrypt ASICs.  Is there enough utility in alternative blockchains that Vertcoin (for example) could maintain it's speculative value and actually support a mass incoming of GPU miners?

WAFFLEStats v1.1 - Workers Are Sexy Edition
Donate to: 1Pr87ypYdG8eMTNUXR4rT1q2P1VJ7yu1b5
Nice update, Wil.  Looking forward to see some workers charts after a day or two.

Mar 19, 2014 (partial)   79.09625173   11.42 GH/s   0.00779710

That shut them up with the variance talk!
Looks like we are going to close the day around .075BTC/MH.  Cross fingers for a last minute litecoin block to bring up the day's numbers!!!

We looked to be having good luck with litecoin blocks (including 2 in quick succession earlier in the day).  Definitely helping the profit numbers.

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@PoolWaffle - could you add a few "luck" statistics?  Such as "expected" profitability based on switcher estimated profitability and work done (submitted shares); vs real profitability based on work done, blocks found, and block exchange value.  (After rejected share info, maybe. heh)