Topic: Do you trust whattomine.com? - page 3. (Read 3108 times)
Use whattomine as a general indicator of profits - but when you're in doubt between 2 coins, research them further on your own to make up your mind. Dont settle for whatever whattomine tells you without digging deeper to find the best solution available for your rig.
legendary
Activity: 1848
Merit: 1166
My AR-15 ID's itself as a toaster. Want breakfast?
some of us don't mine to hold.... Les risk; consistent reward.
The question is, do you trust whattomine.com?
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.
Should I mine something more profitable? Please share your thoughts, thank you
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.
Should I mine something more profitable? Please share your thoughts, thank you
use it only as reference but take that as a grain of salt.
every miner has different methods, me personally i mine for volume not profit.
Serously why wouldnt you trust them. You can make the calculations yourself and will probably get very close values
The question is, do you trust whattomine.com?
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.
Should I mine something more profitable? Please share your thoughts, thank you
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.
Should I mine something more profitable? Please share your thoughts, thank you
use it only as reference but take that as a grain of salt.
every miner has different methods, me personally i mine for volume not profit.
How do you short list the coins you are mining for volume?
The question is, do you trust whattomine.com?
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.
Should I mine something more profitable? Please share your thoughts, thank you
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.
Should I mine something more profitable? Please share your thoughts, thank you
use it only as reference but take that as a grain of salt.
every miner has different methods, me personally i mine for volume not profit.
You can either pick the current most profitable coin based on what they say and sell asap, or you can mine one coin and HODL the coins, hoping price goes up. The second one is, of course, riskier, but the reward can also be quite nice. It's what I do as a small scale miner and it's made me quite a bit so far, especially with Litecoin.
legendary
Activity: 1848
Merit: 1166
My AR-15 ID's itself as a toaster. Want breakfast?
me personally: no. never.
I don't trust sheep following sheep. Take that as you may
About 6 months ago when whattomine was saying one thing or the other; I was making a killing on other algos/coins.
I don't trust sheep following sheep. Take that as you may
About 6 months ago when whattomine was saying one thing or the other; I was making a killing on other algos/coins.
You have to take into account a few factors when chasing the highest profitability. While it may be the highest profitability for a few hours, by the time you cash that coin type out it may not be. Chasing max profit usually ends up costing people money because they dont think about how fluid the market is and how quickly these things change. I have found that its best to stick with a coin you feel has the strongest future ahead of it since most people arent going to exchange their small amount of coin every couple of hours to max out the daily fiat gains.
Because of this, I feel like people chasing what the whattomine site tells you is the most profitable in that instance is a waste of time.
Because of this, I feel like people chasing what the whattomine site tells you is the most profitable in that instance is a waste of time.
I think so too.
it is not always convenient (in a mid/log term time range) to mine the most profitable coin. You must look not only to the current fiat profit but, for example, the number of coin reward. At 220 mh/s u will get 0.03 eth/day or 500 musiccoin/day. which one is better? who knows !?!?
btw whattomine is an excellent starting point for analysis and making by yourself the right decision
Nothing wrong with them but I would mine whatever coin you believe in.
For example. I believe in Eth. I only get ~0.5 eth\month per 100 MHs and there might be something more profitable right now. However since I believe that eth will surpass $2k in the next 12 months, I mine eth.
For example. I believe in Eth. I only get ~0.5 eth\month per 100 MHs and there might be something more profitable right now. However since I believe that eth will surpass $2k in the next 12 months, I mine eth.
sure i trust them! why shoulnt i?
You have to take into account a few factors when chasing the highest profitability. While it may be the highest profitability for a few hours, by the time you cash that coin type out it may not be. Chasing max profit usually ends up costing people money because they dont think about how fluid the market is and how quickly these things change. I have found that its best to stick with a coin you feel has the strongest future ahead of it since most people arent going to exchange their small amount of coin every couple of hours to max out the daily fiat gains.
Because of this, I feel like people chasing what the whattomine site tells you is the most profitable in that instance is a waste of time.
Because of this, I feel like people chasing what the whattomine site tells you is the most profitable in that instance is a waste of time.
yes. but WhatToMine not that accurate because of changing value overtime. But this site can use as reference on your average mining calculation.
The question is, do you trust whattomine.com?
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.
Should I mine something more profitable? Please share your thoughts, thank you
With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470.
Should I mine something more profitable? Please share your thoughts, thank you
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