re: PC Discussion - Gaming, Performance and Enthusiasts

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I'm just looking for some factor which links the relationship between performance and profitability. Simply meaning is, what coin has low buy in and static rewards and what coins have high buy in with high rewards.

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If you want to observe the mining landscape (difficulty, trading prices, and trends), sites like coinwarz and coinchoose are a good starting point. Don't get sucked in by the coins you see at the top of the charts. They could be at the bottom 10 minutes later. Observe the trends and averages.

Profit-switching pools are mostly slaves to the charts, especially when the net hashrates are low. If a coin hits a high that's disproportionately more profitable than the rest, it's going to get hit by the profit-switching pools within minutes. The difficulty will go up, the coins will get dumped, value will plummet, and much of the perceived profitability is gone before anyone can even get paid. If you're looking for low-risk/fairly static rewards, a good profit-switching pool is a reliable safety net -- they are always more profitable than litecoin, and there's an occasional day where you'll do very well on a profit-switching pool when some scammer is successfully pumping a random altcoin that doesn't have a lot of mining support yet. Mostly, the multipools have been switching between only a handful of coins and paying out fairly consistent rewards. I'd use a profit-switching pool before I'd mine litecoin, unless there was a reason to believe litecoin would go up in value since it has the distinction of being one of the first scrypt coins (if not the first). I have no real reason to trust it, and my strategy from the start has always been to convert everything to bitcoin, so naturally my goal is to mine coins that will yield the most BTC.

If you want to go after a specific coin, the best way to avoid the wrath of profit-switching pools is to go with coin whose hashrate is just way too high for most switchpools -- Doge, for example. Save for a couple of pools, most of the switchpools have hash rates less than 1 Gh, so if they try to mine doge (net hash of 100 gh), they run the risk mining it for hours and never finding a block before their algorithm switches them over to another coin.

The relationship between performance and profitability? Scammers, speculators, and miners. They all have the same goal -- to profit. 99% of the scrypt coins out there have little to no loyalty and were simply invented to make a buck. Miners herd to it when scammers pump it and speculators buy it. Someone makes money. Someone loses money. Everyone moves on to something else.

EDIT: If one were to have enough cards, the best mining/trading strategy would be to point each card at a different coin and mine 10-15 different coins 24/7, monitor the market closely, and sell off individual coin stashes in the middle of pumps. I did that a while back with Mooncoin, and just got lucky. It didnt have much mining interest, so it jumped to the top of the profitability charts due to the low difficulty, so I mined it for a few hours until the difficulty spiked (because when a coin is at the top due to low difficulty, it's guaranteed to be worthless in a couple of hours). But instead of dumping, I went to sleep. When I woke up, there was a pump in progress and I tripled my money.

But the pumps can last only a few hours or even a few minutes. I am way too busy to be watching the exchanges all day.