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Friday, February 6, 2015

TitCoin (TIT) SHA256 Pool Testing and Coin Information

 Detailed Coin Information:

  • Algorithm: SHA-256
  • Block Reward: 69 coins
  • Block Time: 1 minutes (60 seconds)
  • Total Coins: 69,000,000
  • Retarget: Every block (DigiShield)
  • Halving Interval: 500,000 blocks
  • P2P/RPC Port: 8698/8697

Coin's Website:

Forums: 

Exchanges:

Social Media:  

Pools:


Pool Comparison

 

All testing performed by an Antminer S4 @ 2.18 TH/s (218 Mhz) and my conclusion is that if the coin were worth more it would be profitable, at the current exchange if 0.00000298/BTC you earn roughly half of BTC mining. If the coin picks up more users that will also be different, but the network strength is poor and only supported by about 15 TH/s of dedicated users plus another 100 TH/s that are running on multi-pools, but that hashing power is sporadic at best and can't be a backbone for any coin. At the moment, and depending on your hash power, solo mining would be your most profitable option as you can earn more than double what I was pulling off in a pool.

 

#1 CoinKing:

  • Pool Hashrate: 3-15 TH/s
  • My Hashrate: 1.2-2.5 TH/s
  • My 24 Hour Earnings: 4,216 TIT
  • Fees: 1%
  • Average Round Duration: 30 (or ~5 minutes when the multi-pool switches)
  • Reward Method: PPLNS
  • My Thoughts: This pool is also a multi-pool which has it's minor advantages as when the pool comes so does a great chunk of blocks, but their server takes a huge difficulty hit when this occurs and my hash-rate drops in half. CoinKing let's you manually set difficulty per worker, which is fantastic, except when their multi-pool changes the network hash-rate difficulty for everyone and a locked in 2k diff is like 10k diff, you get a load of stales and there goes your hash-rate, multi-pools need a variable difficulty per worker for this reason. But when the multi-pool leaves it returns to normal. And since it's PPLNS you still reap the rewards more than the hoppers. My miner only said it found 2 blocks and the pool barely shows 1 an hour, but the amount of money being deposited suggests otherwise. This coin has a hard time reporting that it's found a block for some reason, but it does pay out the reward regardless. Their dashboard graph does monitor your output and show the full hash-rate when you put your mouse over it, just not sure why it says 2.5G on the left.

 


#2 Hashlink Pool:

  • Pool Hashrate: 1-2 TH/s
  • My Hashrate: 1-2 TH/s
  • My 24 Hour Earnings:4,120 TIT (Suggested was 8,000+ TIT for 2TH/s)
  • Fees: 0%
  • Average Round Duration: 30 Minutes
  • Reward Method:PPLNS
  • My Thoughts: There is supposed to be High Diff server but I was only able to connect to the low diff server which maxes out at 1024 difficulty, this would easily be #1 on the list if the other server was up and running. It barely lost out to CoinKing.

 

#3 Ispace:

  • Pool Hashrate: 6-8 TH/s (up to 75 TH/s when the multi-pool hits)
  • My Hashrate: 1-3TH/s
  • My 24 Hour Earnings: 2,822
  • Fees: 0%
  • Average Round Duration: 6 Minutes (or ~30 seconds when 75 TH/s hits)
  • Reward Method: PROP
  • My Thoughts: This is a multi-pool with a lot of users and this coin is on one of their rotating multi-pools: The "Five" Pool rotates between a set of 5 coins every 2 hours. So every 2 hours there is a burst of power that throws several blocks at once into the mix. This actually pays out nicely for people who just stay on one coin, thanks to the PPLNS reward structure you will get more than the hoppers, generally a lot more. But this pool still doesn't pay out well in comparison to others or just solo mining for some reason.

 

#4 MinerPools:

  • Pool Hashrate: 1.4-2.5TH/s
  • My Hashrate: 1-2.1 TH/s
  • My 24 Hour Earnings: 2,484 TIT
  • Fees: 1%
  • Average Round Duration: 30 minutes
  • Reward Method:  PROP
  • My Thoughts: This coin in general seems to have a hard time achieving a proper hash rate, but I at least did get up to 2.1 TH/s with this server and it held for a while in comparison to previous tests on other pools. I did suffer from a fluctuating DOA rate, which was up to 25% at times and was the reason for the lower hash-rates. On a plus: this is one of the only pools that my miner actually showed I found the blocks every-time.

 

#5 SlugMonkey:

  • Pool Hashrate: 3TH/s
  • My Hashrate .05-1.5 TH/s (Yes 50 GH/s - 1.5 TH/s)
  • My 24 Hour Earnings: Would have been 368 TIT but performance was so bad I abandoned this server after 6 hours.
  • Fees: 1%
  • Average Round Duration: 10 Minutes
  • Reward Method: PPLNS
  • My Thoughts: Unless you have a low hash-rate just stay away from this one.Whatever they are using for a server is clearly not enough for any real amount of power. The misspelled warning message at the top isn't a good sign either: "Thay" LOL.. And almost everything Is Capitalized. :)

#6 MuPool:

  • Pool Hashrate: 240 GH/s
  • My Hashrate: 240 GH/s (95% DOA Rate)
  • My 24 Hour Earnings: 48 TIT if I would have stayed, pool performance was absolutely abysmal, aborted testing on server after 4 hours.
  • Fees: 1%
  • Average Round Duration: 48 Hours
  • Reward Method: PPLNS
  • My Thoughts: This is a decentralized p2p pool and those are notoriously unstable, but this is really the worst I have seen. If you can set up your own node to curb the poor performance it would be one thing, but as is, there is no hope for this network.

Got some spare TIT, throw em my way:  12R5ux74uYDu2UMaX2G7VJgpiK8X4qB5MA

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