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Topic: Best cryptocurrency to start mining as a newbie, considering budget and hardware (Read 82 times)

legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
Any suggestions on where to start, what to mine in 2024 and any tools I need before I start? Thanks!

1. Check electricity price that you'll use to perform mining. Bitcoin miner usually look for $0.05/kWh or lower.
2. While mining calculator is convenient, usually you need estimate profit decline (either due to rising mining difficulty or coin price going down) and when ROI (you get enough profit which cover ASIC and electricity) price by yourself.
legendary
Activity: 3472
Merit: 3217
Happy New year 🤗
You are in Bitcoin mining section so expect to get response with Bitcoin miner related.
Anyway, first thing first read this link below.

- https://bitcointalksearch.org/topic/first-timesmall-miner-reference-for-getting-started-4636521

And then to look for hardware to mine BTC check these two tools below to decide which miner is much efficient and budget friendly.

- https://www.asicminervalue.com/
- https://whattomine.com/asics
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Activity: -
Merit: -
I'm new to crypto mining and looking for advice on the best cryptocurrency to mine as a beginner. I want to keep my initial budget reasonable and focus on hardware that's efficient and beginner friendly. Any suggestions on where to start, what to mine in 2024 and any tools I need before I start? Thanks!
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