Whattomine is Missing Algorithms and Is Losing you Money
Whattomine is the most popular GPU mining comparison website, providing a snapshot of expected profitability for 12 different mining algorithms on its homepage.
The problem is, these aren’t all the mining algorithms out there.
In fact, an energy efficient GPU mining algorithm called ‘Nist5’ is being used by multiple coins, and is not factored into the homepage rankings of most profitable coins.
Whattomine - Only 12 Algorithms Included on the Homepage
For example, I’m mining a relatively new coin, Bulwark coin, which uses Nist5. My modest mining rig of five GPU’s is generating over $23 USD per day on Bulwark – the next closest coins from the Whattomine homepage shows at most $15 USD in revenue per day.
If you trust Whattomine to show you the most profitable coin to mine, you could be losing money.
The strange thing is that the coins that use the Nist5 algorithm can usually be found elsewhere on Whattomine website, but buried on separate pages, instead of the homepage. It is not clear why Whattomine doesn’t automatically include these coins, and this algorithm, on the homepage to help miners decide ‘what to mine’.
Have a look here for the Nist5 algorithm example on Bulwark coin and see for yourself if you could be making more mining a coin like Bulwark, that uses the Nist5 algorithm.
Great, you listed a problem but not a solution.
The solution, in this instance, was to use the link provided in the article to calculate whether you would be better off mining bulwark as opposed to some the coins included in whattomine :) It is also worth noting that now whattomine includes Nist5, so this is no longer necessary.