Brand new coins for mining | Bitcointalksearch.org

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: adaseb on November 22, 2021, 10:49:27 PM

You should just stick to mine ETH with GPUs and if you got ASICs then mine BTC or LTC whichever algo its designed for. This is not 2014 anymore where everyday there was a new Scypt coin or SHA256 coin released which would get added a few days later to all the exchanges. Back then you could of made 2-5x more profit by instamining these new coins and then selling as soon as it hit an exchange like Poloniex or Bittrex.

Now its 2021,

Most if not all new coins are not really coins, they are tokens either on ETH or BNB blockchain. You can't mine these. You can only buy them. And if there is some new coin released which uses the ETH algo or some other similar algo, there is a 95% chance it won't get listed anywhere decent and have any decent marketcap, hence no point in mining it.

Mining is tough these days... no secret out there really.

Yeah, we have before and after eth smart contracts, before that, proofofwork/mining used to be a thing, after that, tokens, defi and ntfs, value from nothing, created doing few clicks have become a thing. I advise any thinking long term to never hold tokens, defi or ntfs for that matter. Legit stable tokens like usdc and few others that are audited time to time are all right. Holding an unknown coin short term is all right too, for example I have been mining raptoreum with my ryzen 5900x time to time for fun, 4.0ghz 18 threads using 80 watts, voltage 0.9v hehe

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Pick 2 coins

Say BTC and XEC
mine 95% on BTC and 5% on XEC.

or if you do gpu

Eth and any bullshit coin (pick it out of a hat)
Mine 95% on eth and 5% on bullshit coin.

the key is you make bank on the BTC coin and the ETH coin

the odd coin you Mine and hodl it. and you set up ladder sales

what is a ladder sale look here what I do with xec

I mine 1 unit on xec I have earned 7,200,000 Xec
I have 1,800,000 set in ladder sales
I mine lots of units on BTC
I make my bank on BTC
I have zero Idea that XEC will whale but if it does I make a shit ton of money.
I can do this for a few years if I want.

adaseb

legendary

Activity: 3808

Merit: 1723

You should just stick to mine ETH with GPUs and if you got ASICs then mine BTC or LTC whichever algo its designed for. This is not 2014 anymore where everyday there was a new Scypt coin or SHA256 coin released which would get added a few days later to all the exchanges. Back then you could of made 2-5x more profit by instamining these new coins and then selling as soon as it hit an exchange like Poloniex or Bittrex.

Now its 2021,

Most if not all new coins are not really coins, they are tokens either on ETH or BNB blockchain. You can't mine these. You can only buy them. And if there is some new coin released which uses the ETH algo or some other similar algo, there is a 95% chance it won't get listed anywhere decent and have any decent marketcap, hence no point in mining it.

Mining is tough these days... no secret out there really.

cryptomaxsun

legendary

Activity: 2744

Merit: 1387

Ukrainians will resist

Quote from: skablast on November 21, 2021, 02:07:37 PM

I am curious about those Parrets rules but I can't find an article about it.
Mind to share?

Quote

The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few"). Other names for this principle are the 80/20 rule, the law of the vital few, or the principle of factor sparsity.

https://en.wikipedia.org/wiki/Pareto_principle

I am increasingly convinced that this rule applies in many areas of life.
and mining is no exception.

skablast

member

Activity: 476

Merit: 19

I am curious about those Parrets rules but I can't find an article about it.
Mind to share?

cryptomaxsun

legendary

Activity: 2744

Merit: 1387

Ukrainians will resist

Parrett's Rule applies to cryptocurrency mining as well.
In addition to mining the main coin, you can send 20 or 10% of the mining time to mining other coins, which, in your opinion, have a chance to rise in value.

FP91G

legendary

Activity: 1834

Merit: 1136

What does this have to do with mining?
A beginner does not understand that only a few people get such luck.
I also mined various promising coins and lost a lot of profit because I didn't mine Ethereum.
Currently, doge coin and cat coin are in the top forks, the price of which is growing rapidly.

Bitcoin_Arena

copper member

Activity: 2128

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: Metroid on November 18, 2021, 06:06:21 AM

All coins are speculative and the ones that are new are a lot more speculative, so mine and sell, gambling on bullruns is a terrible idea, gambling on bear market is not a bad idea because the coins that survive the bear market are the ones that are being bought and generate enough money to whoever is behind the project to keep it alive. So keeping it simple, mine and sell on bullruns.

Like the a principle I always base on. When something is down (in this case price of a coin) the only way to go is either sideways or up. Acquiring the coins in the bear market is less risky and more rewarding if one is prepared to wait for the bull run. One just have to pick up the right coin.

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: Bitcall on November 18, 2021, 01:54:58 AM

I would like to propose to create in this post a list of coins to be mined. Possibly describing why and if you think it is currently profitable to mine, or if it has the potential to create good profits in the future. Thanks!

Users will now advise you a bunch of scam for mining.
Sharing useful information in mining, this means reducing your profit.
Look for new onets for mining in this thread
https://bitcointalk.org/index.php?board=159.0
try to find a coin that will rise in price.
It is like a game with very little chance of winning.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

All coins are speculative and the ones that are new are a lot more speculative, so mine and sell, gambling on bullruns is a terrible idea, gambling on bear market is not a bad idea because the coins that survive the bear market are the ones that are being bought and generate enough money to whoever is behind the project to keep it alive. So keeping it simple, mine and sell on bullruns.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: Bitcall on November 18, 2021, 01:54:58 AM

I would like to propose to create in this post a list of coins to be mined. Possibly describing why and if you think it is currently profitable to mine, or if it has the potential to create good profits in the future. Thanks!

That is extremely difficult to predict,we can tell which new coins are possible to mine but we don't know how their price will be in the future.Many people mine different really low value coins and hope that those coins go up but so far very few of such coins have really gone up in price.The best we can do is to stick to coins which are well known and offer the best profitability as of yet.

Bitcall

full member

Activity: 196

Merit: 105

I would like to propose to create in this post a list of coins to be mined. Possibly describing why and if you think it is currently profitable to mine, or if it has the potential to create good profits in the future. Thanks!

Topic: Brand new coins for mining (Read 327 times)