Posts Tagged ‘what to mine’

X11 Mining Profitability Skyrocketing on NiceHash

20, Mar 2016

what-to-miner-x11-profitability

Some very good news for the very few owners of the first batch of iBeLink DM384M X11 ASIC miners, but also for GPU miners as well – X11 mining profitability on NiceHash has skyrocketed in the last hours and is still keeping high. Selling X11 hashrate on NiceHash has been the most profitable long term choice since the beginning of this month and the preferred choice for the 50 lucky owners of the first batch of iBeLink X11 ASICs. Today however we are seeing the X11 profitability more than doubling compared to what it was just a few days ago.

Now, some people are considering that X11 is already a lost cause for GPU mining, but it is too early for that as there are still very few X11 ASIC miners available and with high profitability increase like the one at the moment you should take advantage even with GPUs, let alone to miss the opportunity if you have an ASIC miner in your hands. The next batch of iBeLink X11 ASICs is expected around mid-May and even then the number of available units will most likely be small as compared to what we have seen with LTC ASIC miners fooling the market when they first appeared. So if you are not mining Ethereum or Decred with your GPUs you might want to check the profitability for X11 for your GPU mining rigs, and even if you are mining ETH or DCR you might still check if this X11 peak will not be more profitable on the short run.

– If you want to check your current X11 GPU/ASIC mining profitability on What to Mine…

iBeLink DM384M X11 ASIC Miner Average Hashrate on NiceHash

10, Mar 2016

whattomine-x11-asic

The iBeLink DM384M X11 ASIC miner is actually advertised as a DASH ASIC miner with DASH (previously known as DarkCoin) being the most popular and widely used X11 altcoin, is also currently rated as number 6 in terms of Market Capitalization. The ASIC miner can be used for any coin using a regular X11 algorithm for mining and in fact mining DASH with it is not the most profitable and anyone who purchases a new ASIC miner know that the first thing he needs to do is to ROI first in the fastest possible way and then can choose what to mine based on subjective preferences for example. So if you just got the 384 MHS X11 ASIC miner iBeLink DM384M you would probably want to head on to NiceHash and sell your hashrate to anyone willing to buy it as it will get you a few times more profit than directly mining for DASH at the moment according to the What to Mine service. The reason is simple, there are many new altcoins popping up all the time that use X11 algorithm and people are renting hashrate to mine them and with the increased demand for hashrate you might earn much more than mining for a more established coin such as DASH.

ibelink-x11-nicehash-hashrate

Here is how the average hashrate looks like when selling your X11 hashrate with the iBeLink DM384M X11 ASIC miner on NiceHash with the graph covering more than half a day. The average hashrate reported poolside is about 392 MHS with an average pay rate of about 0.5 BTC per Gigahash per Day. As mentioned earlier today you should update to cgminer 3.5.6 for the iBeLink machine in order to get the software that supports NiceHash’s extranonce in order to minimize stale shares and maximize profit. If the above trend continues for 24 hours this would mean an actual daily profit for the iBeLin X11 ASIC miner of about 0.2 BTC at the moment and that is pretty good when you are looking to get the fastest ROI time. Have in mind though that the profitability of X11 at NiceHash may vary more that if mining for any given more established X11 crypto currency with a stable exchange rate. There is always the possibility of jumping at the right time to the right new coin and making even better profit thanks to the high hashrate that the ASIC miner provides, but the risk is also higher and you may actually make less in the end this way.

– For more details on how to sell your hashrate using the NiceHash service…

What is Going On With New Altcoin Launches These Days

2, Jul 2014

mj-alt-coin-specifications

It seems that lately there are just very few new alternative coins worth mining and they are getting fewer and fewer. We are still seeing multiple coin launches every day, but the ones that look decent or even worth checking out are getting less and less. Large percentage for IPO or Pre-mine, no actual reason for a coin’s existence or a plan for development, quick POW phase and then POS resulting in mine and dump as soon a the coin hits an exchange. Not to mention that with many people renting their rigs and selling hashrate you can easily get a lot of hashrate to mine a new coin and then you just want to dump the mined coins with profit and then move to the next new launch. All this is driving away people from new coins, but it will hopefully result in the launch of more reasonable coins taking over… just like how the interest in “country coins” has declined. We need quality and not just quantity, we need innovation in order for things to move on. Now everyone is giving empty (mostly) promises about anonymity, but with Darkcoin not doing so well after the recent boom and new coins not being able to deliver on empty promises about anonymity, this is also getting old. So more and more miners prefer to start selling their hashrate with expected stable profit or to mine in multipools with some extra profit and direct payment directly in BTC to save themselves time and headaches. So what comes up next?


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