Lets Face It, To Survive and Step Up That Mining Ladder, You Must Go Where the Profits Take You
While everyone knows I am a Bitcoin purist here, old school crypto backer, it might surprise you I am now with all my mining gear heavy on Bitcoin Gold. I know why in the hell am I on it? Something I personally am unsure about but when the profits tell you where to go, you go there for your families sake and lets face it, what is hot for miners at the moment is clearly Bitcoin Gold, even with the slight correction going on.
The breakdown is pretty simple, personally i am not really sure what Bitcoin Gold will become on the long term, the development on this is very up in the air in my opinion and for guys like me to be dead honest with you, no set plans to hold too long on this one but if it brings me more earnings to cash in for LTC or BTC, well so be it.
NICEHASH EARNINGS ON MY SETUP VS RUNNING COLD ON BITCOIN GOLD
So if your still in debate if you should run to a Bitcoin Gold pool and hop on the train, let me break something down for you right now. Of all of crypto for miners, BTG is kind of top dog for earnings. I know how in the hell did that happen? Well it happened.
Running on NICEHASH on my setup was providing on average about $150 USD in Bitcoin for me. On the math when Bitcoin Gold hit around $398 my revenue to mine straight on BTG rose me to around $390 flat profits for a week on Bitcoin Gold....even though I don't back it much, its a no brainer on what to mine for at the moment. Even down where it is now with a possible rise back up its still worth it so as a heads up, if your trying to figure it out, there was 20,000 of us on Suprnova's pool mining Bitcoin Gold yesterday so I think we are all wising up what is what in this mining game at the moment.
But Where Do You Mine Bitcoin Gold?
Bitcoin Gold is tricky to mine after a couple of days running. First I was on their official pool (http://pool.gold) but oddly it was not working at all for me, showed hashes but never provided estimated earnings nor even game me unconfirmed earnings so I had to vacate. I would avoid this one, there is a growing crowd having issues on Twitter about this one so personally I would avoid.
I settled for the last few days on Suprnova for BTG mining, only because I have used them for a very long time with no issues but its pretty congested in there...20,000 miners makes for a pretty tight mining centralization on this one at the moment. Also, I had to hop off of their, their confirmations are running so damn slow and I never came even close to what my estimated 24 hour earnings spat out. I actually got half of those estimates and a long 5 hour period in between where the pool didn't find a single block oddly. With that many miners I suspect it had an issue going on with the network but nothing was noted to any of us about the situation.
So I hunted for a better pool...
It appears this one is tough to find a decent pool on, lots of them out there but to get statistical real time info on your earnings seems next to impossible on a ton of pools I tested. Some looked great but earning potentials were clearly also off and most stick with high 100 confirmations to get your earnings...and lets face it, Bitcoin Gold is a really slow blockchain if you haven't tested it out yet. Sure it will speed up but for now its taking me about half a day or more to send earnings to Bittrex.
Finally after testing I actually found a really decent, lesser used pool that has about 100 or so people in it right now. But the beauty of this find isn't the lesser used side, its the fact they are allowing now only 10 Confirmations to get your earnings to you. I sat on this one the last 24 hours to myself to really be sure its working but payouts look good and my earnings are kicking out exactly as Suprnova originally estimated, so I think its time I let you in on my mining sweet spot that I found, let you guys benefit from it as well.
COINOTRON FOR BITCOIN GOLD MINING (So far the best I found on this)
https://coinotron.com
This pool does charge a 1% fee on Bitcoin Gold mining like Suprnova but to be honest, I rather pay that to these guys due to the fact everything seems to have gone way smoother for my mining on this coin. The 10 confirmations part though is the real sweet deal, the slowness of moving this coin to the exchanges and waiting before hand for 100 confirmations over at Suprnova and other pools is quite ridiculous with the way this one is up and down on the markets. if you are mining like me to trade up and not hold, well you might need that 10 confirmation window to get it to your destination a little faster.
So far this pool isn't heavy with traffic but can use more people on it. I think with about 500-1000 more of us this thing will be block finding like a madman. Either way though my funds are rolling in well, figure I will sit on this till either Bitcoin Gold makes me a believer to hold with a bigger pump that sustains or it dives to unprofitable levels and I return to my NICEHASH farming again.
Now All You Need Is To Figure For Yourself On What To Do With This Miners Blessing
Me, well personally I was not a huge fan of the Bitcoin Cash fork, or this one. To me it appears a way too easy route for a development team to attach to a proven chain and pull out some code and fork for fortunes. I maybe just old school about this area and feel a team should work hard to earn their keep but I also work in crypto in a project and kind of find it a bit unfair to see these forks rake in the cash while teams are working hard to earn change. Its life, and free markets though so you do have to go where the profits lead you in this crypto world.
I have no plans to hold until this BTG team shows me something unique, I might side hold a little in case but most is going to fill up my BTC holdings and LTC holdings because to me those guys deserve the investment, they have been working hard to get this far and didn't take that easy fast road to riches. Also I will reinvest in our project VISIO as well, that team is struggling to survive financially with so much dedication that I feel its my duty to help where I can and I think for now Bitcoin Gold will help me put a little back into the small guys in crypto.
I suggest to all to use this opportunity in any way that they feel suits them best. You believe in Bitcoin Gold you save that stuff because mining is kind of extra special on this one right now, unusually special actually. If you need the money for Christmas, go get it. All I want to see with this info is for those out there to use it to provide and do well by it. I do suggest that pool though, I been in a ton of them and so far this one is the only one actually hitting what I should earn. Coming in quick so I would check it out. Its not a beauty, lol...but if you put it on Night Mode it cleans it up a little. UI is only half important, what works does work so I feel pretty good about COINOTRON for this run on BTG!
GO GET EM, ENJOY THE FREE UPGRADE TO YOUR EARNINGS!
~sflaherty
