Re: First poll, need nominations for choices
Posted: Wed Feb 21, 2018 12:32 am
This is kinda of stream of consciousness and stream of vodka. So profits -- A cursory look would tend to suggest that if PH's Scrypt earnings for the day is less than 7% over the straight litecoin value, then other pools, such as litecoinpool would be more profitable. This is also assuming payouts are occurring in litecoin. But the value proposition put forward is that PH provides payout in multiple coins -- or dollars. For example, during the crash, correction, or post-Christmas consolidation it was more profitable to take cash payouts and buy in at the bottom (or as close as you could get to it). During a surge litecoin (like when it went to 0.024!), switch to alts that have not surged and then switch back when litecoin drops.
Also, If payouts are in something other than litecoin, then transfer fees would reduce the 7%. For sites like mininghubpool, that is a 0.2% value on top of their 0.9% pool fee -- but -- you may have a 3 to 6 hour windows before the transfer occurs (to account for confirmation time, transfer to pool, exchange, and then transfer back). The market gods could move in your favor or against you during this time. This also greatly reduces MHP's risk of slippage vs the PH stratagy. MHP is also a PPLNS pool.
On a non-pool-change basis, I think a better job could be done to educate newer miners as to how to use PH's features to maximize individual profitability. The fees are high, yes -- but if individual strategies are applied, profits vs a pool such as lite coin pool can be higher over a period of time. It is a bit late for the poll -- but a way to encode these strategies into payout selections would be useful. (e.g. take foo-coin if ltc value is over 0.019 and foo coin is under 0.00041) with a ultimate payout if no prior rules matched. Or if the prior day's change in bitcoin is less than -8%, cash only until 24 hours or changed.
Also, If payouts are in something other than litecoin, then transfer fees would reduce the 7%. For sites like mininghubpool, that is a 0.2% value on top of their 0.9% pool fee -- but -- you may have a 3 to 6 hour windows before the transfer occurs (to account for confirmation time, transfer to pool, exchange, and then transfer back). The market gods could move in your favor or against you during this time. This also greatly reduces MHP's risk of slippage vs the PH stratagy. MHP is also a PPLNS pool.
On a non-pool-change basis, I think a better job could be done to educate newer miners as to how to use PH's features to maximize individual profitability. The fees are high, yes -- but if individual strategies are applied, profits vs a pool such as lite coin pool can be higher over a period of time. It is a bit late for the poll -- but a way to encode these strategies into payout selections would be useful. (e.g. take foo-coin if ltc value is over 0.019 and foo coin is under 0.00041) with a ultimate payout if no prior rules matched. Or if the prior day's change in bitcoin is less than -8%, cash only until 24 hours or changed.