Are any promising DeFi coins mineable?

lenovop-70

full member

Activity: 1190

Merit: 108

Quote from: FP91G on February 21, 2021, 06:34:01 PM

Quote from: CascadiaCC on February 20, 2021, 01:14:22 PM

Simple question, are there any mineable promising DeFi coins out there? If so, what?

Most of the DEFI coins are tokens that work on the blockchains of Ethereum, Tron, Binance and others.
I think it is worth mining those coins that bring the maximum profit to date, and then investing in DEFI projects.
For information on the profit of video cards and mining algorithms, see this resource
https://mining.help/profit/

I follow your advice, thanks for writing here, this is valuable lesson for me.

eazolan

newbie

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Quote from: Drahzar on June 01, 2021, 02:03:16 PM

i farm some tokens on BSC since i prefer farming. like cakecrypt

never heard what's the project?

elda34b

sr. member

Activity: 910

Merit: 351

Well the point is if anyone is looking to play around defi, they should take a look at farming and the rest. There's no way defi project will support mining since most of them are 'centralized' in terms of initial supply. They don't need to use their own chain, so it makes no sense. Both of them can't provide guaranteed returns since they depends on token price, so everyone need to make their own choices depending on their conditions.

Skinny48

member

Activity: 448

Merit: 18

Quote from: FP91G on June 02, 2021, 10:30:24 AM

Farming and mining are different ways to make money. If you have read somewhere about liquidity mining, then this has nothing to do with mining coins on ASICs or video cards.
There has been a lot of fraud in defi projects lately, especially on the binance chain. Mining on ASICs or video cards gives stable income so far.

Stable income for how long? Mining profitability is seasonal base just like crypto bull and bear market, you don't make good profits from mining in bear markets that's another story entirely

FP91G

legendary

Activity: 1610

Merit: 1026

Farming and mining are different ways to make money. If you have read somewhere about liquidity mining, then this has nothing to do with mining coins on ASICs or video cards.
There has been a lot of fraud in defi projects lately, especially on the binance chain. Mining on ASICs or video cards gives stable income so far.

Wingsbtc

member

Activity: 210

Merit: 12

Majority of defi projects aren't proof of work based, they are 99% yield farming and staking, so instead of looking for which one to mine better buy some and stake for returns

Bitcoin_Arena

copper member

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฿itcoin for all, All for ฿itcoin.

Quote from: Drahzar on June 01, 2021, 02:03:16 PM

i farm some tokens on BSC since i prefer farming. like cakecrypt

OP asked about mineable coins not farmable ones. Please get to know the difference first before coming here to shill a token on BSC

- Crypto mining >> Process of verifying and adding transactions into a blockchain. During the process, miners earn rewards in form of newly generated coins that enter the total circulating supply of coins.

- Yield farming >> Process of looking or staking coins in loan or liquidity pools so that one can earn rewards in form of interests or trading fees.

Drahzar

jr. member

Activity: 345

Merit: 1

i farm some tokens on BSC since i prefer farming. like cakecrypt

OasisDre

member

Activity: 532

Merit: 41

It's better to invest in DeFi projects than mining them because there are other more profitable coins to mine than new altcoins right now, it's like missing lots of chances, you can mine Ethereum and divert the money back into any DeFi projects you want

FP91G

legendary

Activity: 1610

Merit: 1026

Quote from: CascadiaCC on February 20, 2021, 01:14:22 PM

Simple question, are there any mineable promising DeFi coins out there? If so, what?

Most of the DEFI coins are tokens that work on the blockchains of Ethereum, Tron, Binance and others.
I think it is worth mining those coins that bring the maximum profit to date, and then investing in DEFI projects.
For information on the profit of video cards and mining algorithms, see this resource
https://mining.help/profit/

FireBallex

member

Activity: 462

Merit: 19

Ive heard about ERGO coin and it's a DeFi project too but the problem is mining difficultly have already rise up too much and with some calculations is see that mining Ethereum is way too profitable than this coin so I just ignore it

Link to website

https://ergoplatform.org/en/

Here is ergo calculator

https://ergoplatform.org/en/mining/

CascadiaCC

sr. member

Activity: 341

Merit: 250

Simple question, are there any mineable promising DeFi coins out there? If so, what?

Topic: Are any promising DeFi coins mineable? (Read 230 times)