All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Today, checking out the PoolPicker multipool profitability monitoring service, that has received a complete makeover, we found out about a new interesting automatic profit based coin switching pool. It is called CoinKing and offers multipool capabilities for mining Scrypt, Scrypt-N, SHA256, X11 and X13 coins giving you a good chance to profit the most of your mining hardware, regardless if it is in the form of ASIC miners or GPUs. It caught our eye due to the fact that according to PoolPicker it is currently the most profitable multipool for Scrypt, X11 and SHA-256 coins and we have decided to check it out. Not that we are not happy from LTC Rabbit or ScryptGuild, however a multipool needs to constantly add new coins and have many profitable options available in order to maximize your profits as a miner…
The thing is that older pools do tend to keep for long coins that are no longer profitable to mine and do not add new profitable coins that often. That is why it is a good idea to be on the lookout for new services that might offer better profitability if you do not want to risk it mining new crypto coins that are currently launching. With so many new coins launched that turn out to be scams from developers that want to make some quick cash by pumping and dumping premined or IPOed coins it is no wonder that more people get back to multipools as a safer alternative for better profit than directly mining for a fixed coin. We’ll be doing a more detailed review of this multipool soon as we have just started testing and playing with it, but so far it looks very promising and profitable especially for owners of Scrypt or SHA256 ASIC miners.
As a long time and happy users of the LTC Rabbit mining pool we are happy to see that they have added support for X11 mining. The idea behind X11 mining support is pretty much the same as the pool’s idea for Litecoin mining – you mine X11-based crypt currencies such as DarkCoin and they get automatically exchanged for LTC and you are being payed in Litecoins. So people with GPUs that are moving away from Scrypt mining could consider mining X11 and still get payed in LTC as Litecoin mining is slowly moving to the ASIC mining domain and will continue to do so in the next months making it not so profitable to mine with GPUs anymore.
You are able to mine X11 at the pool by using the sgminer for DarkCoin on AMD-based GPUs as well as by using ccminer with X11 support that wwas recently released for mining with Nvidia-based GPUs. Currently we are seeing similar performance mining on AMD and Nvidia graphics cards, however we are soon expecting to see an updated for ccminer that will bring significant improvement to the hashrate we are currently getting on Nvidia. The most notable advantage of mining X11 is that the GPUs should be cooler and use less energy as compared to mining Scrypt for example, or at least we are seeing that on AMD GPUs. So now you have another interesting alternative available to mine no Scrypt-based crypto and still get payed in Litecoins.
We liked the LTC Rabbit Scrypt mining pool as soon as we have tried it for the first time a few weeks ago when DOGE was in its peak in terms of higher profitability compared to LTC. The pool has been running stable and reliable and had a nice altcoin bonus on top of the earnings if directly mining for LTC, so a perfect choice for a backup pool that will still ensure higher profitability than directly mining for Litecoins. However lately there haven’t been any extra altcoin bonus been given by the pool and it was mining LTC most of the time anyway. The reason for that was that DOGE was not so profitable to mine anymore and the other alternative cryptos such as WDC or MEC did not perform any better than directly mining for LTC. It seems that the pool has added a few more newer and supposedly more profitable alternative cryptos including the lately very popular AUR crypto, so that it can start giving away extra altcoin bonuses again. We still have the pool as our backup mining pool and our primary one for the moment remains ScryptGuild, so check that one as well if you still haven’t.