Easiest Altcoin to Mine with least Electricity advice

FP91G

legendary

Activity: 1610

Merit: 1026

Quote from: ?? on ??

Quote from: FP91G on November 12, 2021, 09:40:53 AM

Quote from: very_452001 on November 11, 2021, 06:46:29 PM

Quote from: FP91G on November 11, 2021, 01:00:44 PM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

Are you also from this sect?
https://bitcointalksearch.org/topic/--5370304
Helium news is constantly published in this section, but I think that this has nothing to do with classic mining.
You can try, and then share your feedback with us, maybe miners will start doing the same after the end of Ethereum mining.

I don't care what mining it is whether its classic or whatever.

Then you need to study this site and order mining equipment
https://www.helium.com/mine
I don’t want to buy hardware for mining one coin only.
Each miner chooses equipment based on his experience and capabilities. I'd rather buy a new video card and put it in a mining farm, because I understand how it works.

Just to confirm helium mining equipment doesn't use that much electricity correct? Video cards in a mining farm use a lot of electricity right?

Video cards are versatile, they can be used for mining and many other operations.
As long as the prices of cryptocurrencies are high, then video cards will be profitable.
I am not against mining Helium, but I see very big risks of making a profit when the time for a bear market comes.

UniJo

jr. member

Activity: 60

Merit: 2

Quote from: very_452001 on November 18, 2021, 08:17:59 PM

Quote from: UniJo on November 15, 2021, 02:57:45 AM

Quote from: very_452001 on November 12, 2021, 02:15:27 PM

Quote from: UniJo on November 12, 2021, 07:26:04 AM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.

How do I check and see hotspots near me?

How you know delivery is 3-4 months for what device?

You can use this site to see if there are hotspots near you : https://explorer.helium.com/

There are lots of hotspot devices that you can use. See the Helium site what devices you can use.

These hotpots use like 15 watts or so. So yes much less then a GPU mining farm which uses around 75 to 120 watts per card + all additional needed hardware.

So hotspot is like a wireless router or access point. My wi-fi router is on all day doesn't use that much electricity so will a hotspot be similar in energy usage?

True. From what i read it used not more than 20W And its connected wireless or wired and i even saw people connect it to 4G. You van also use a POE converter to make it wired with just one cable and place it for example in a outdoor box.

very_452001

sr. member

Activity: 1056

Merit: 270

Quote from: UniJo on November 15, 2021, 02:57:45 AM

Quote from: very_452001 on November 12, 2021, 02:15:27 PM

Quote from: UniJo on November 12, 2021, 07:26:04 AM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.

How do I check and see hotspots near me?

How you know delivery is 3-4 months for what device?

You can use this site to see if there are hotspots near you : https://explorer.helium.com/

There are lots of hotspot devices that you can use. See the Helium site what devices you can use.

These hotpots use like 15 watts or so. So yes much less then a GPU mining farm which uses around 75 to 120 watts per card + all additional needed hardware.

So hotspot is like a wireless router or access point. My wi-fi router is on all day doesn't use that much electricity so will a hotspot be similar in energy usage?

Quote from: jillscarbrough on November 15, 2021, 06:53:44 AM

Quote from: UniJo on November 15, 2021, 02:57:45 AM

You can use this site to see if there are hotspots near you : https://explorer.helium.com/
.....

Pretty interesting!
I've read a few references about Helium, added it to my watchlist, and let's see how it will grow.

Quote from: very_452001 on November 12, 2021, 02:15:27 PM

Quote from: UniJo on November 12, 2021, 07:26:04 AM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

-

I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.

-
How you know delivery is 3-4 months for what device?

One of the popular miners (Bobcat) takes 12-24 weeks for shipping.
Taken from Bobcatminer's order page:

Quote

1. Only send USDC on the ERC20 network
2. Deposit of wrong tokens, addresses, or networks cannot be recovered.
3. Instruction on how to pay with Coinbase and Binance.
4. Estimated shipping time is 12-20 weeks from order date.
5. We cannot ship to a PO Box.
6. If you are new to Coinbase you MUST complete a KYC verification prior to starting your order. IF you complete the KYC during the order process it can lead to a delay in your payment. This can timeout the transaction and you will not receive an order confirmation.

But yeah, the upfront and operational cost is lower than GPUs rig(s) or ASICs.

Bobcat miner can mine HNT quicker at what energy usage?

[moderator's note: consecutive posts merged]

jillscarbrough

sr. member

Activity: 588

Merit: 335

Steady State Finance

Quote from: UniJo on November 15, 2021, 02:57:45 AM

You can use this site to see if there are hotspots near you : https://explorer.helium.com/
.....

Pretty interesting!
I've read a few references about Helium, added it to my watchlist, and let's see how it will grow.

Quote from: very_452001 on November 12, 2021, 02:15:27 PM

Quote from: UniJo on November 12, 2021, 07:26:04 AM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

-

I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.

-
How you know delivery is 3-4 months for what device?

One of the popular miners (Bobcat) takes 12-24 weeks for shipping.
Taken from Bobcatminer's order page:

Quote

1. Only send USDC on the ERC20 network
2. Deposit of wrong tokens, addresses, or networks cannot be recovered.
3. Instruction on how to pay with Coinbase and Binance.
4. Estimated shipping time is 12-20 weeks from order date.
5. We cannot ship to a PO Box.
6. If you are new to Coinbase you MUST complete a KYC verification prior to starting your order. IF you complete the KYC during the order process it can lead to a delay in your payment. This can timeout the transaction and you will not receive an order confirmation.

But yeah, the upfront and operational cost is lower than GPUs rig(s) or ASICs.

UniJo

jr. member

Activity: 60

Merit: 2

Quote from: very_452001 on November 12, 2021, 02:15:27 PM

Quote from: UniJo on November 12, 2021, 07:26:04 AM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.

How do I check and see hotspots near me?

How you know delivery is 3-4 months for what device?

You can use this site to see if there are hotspots near you : https://explorer.helium.com/

There are lots of hotspot devices that you can use. See the Helium site what devices you can use.

These hotpots use like 15 watts or so. So yes much less then a GPU mining farm which uses around 75 to 120 watts per card + all additional needed hardware.

very_452001

sr. member

Activity: 1056

Merit: 270

Quote from: UniJo on November 12, 2021, 07:26:04 AM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.

How do I check and see hotspots near me?

How you know delivery is 3-4 months for what device?

Quote from: FP91G on November 12, 2021, 09:40:53 AM

Quote from: very_452001 on November 11, 2021, 06:46:29 PM

Quote from: FP91G on November 11, 2021, 01:00:44 PM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

Are you also from this sect?
https://bitcointalksearch.org/topic/--5370304
Helium news is constantly published in this section, but I think that this has nothing to do with classic mining.
You can try, and then share your feedback with us, maybe miners will start doing the same after the end of Ethereum mining.

I don't care what mining it is whether its classic or whatever.

Then you need to study this site and order mining equipment
https://www.helium.com/mine
I don’t want to buy hardware for mining one coin only.
Each miner chooses equipment based on his experience and capabilities. I'd rather buy a new video card and put it in a mining farm, because I understand how it works.

Just to confirm helium mining equipment doesn't use that much electricity correct? Video cards in a mining farm use a lot of electricity right?

[moderator's note: consecutive posts merged]

FP91G

legendary

Activity: 1610

Merit: 1026

Quote from: very_452001 on November 11, 2021, 06:46:29 PM

Quote from: FP91G on November 11, 2021, 01:00:44 PM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

Are you also from this sect?
https://bitcointalksearch.org/topic/--5370304
Helium news is constantly published in this section, but I think that this has nothing to do with classic mining.
You can try, and then share your feedback with us, maybe miners will start doing the same after the end of Ethereum mining.

I don't care what mining it is whether its classic or whatever.

Then you need to study this site and order mining equipment
https://www.helium.com/mine
I don’t want to buy hardware for mining one coin only.
Each miner chooses equipment based on his experience and capabilities. I'd rather buy a new video card and put it in a mining farm, because I understand how it works.

UniJo

jr. member

Activity: 60

Merit: 2

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.

very_452001

sr. member

Activity: 1056

Merit: 270

Quote from: ?? on ??

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

What about Terra (Luna) Netwokr and Solana Network. what do you say about these 2 coins plus network ?

They both are POS staking networks not POW mining networks.

Ayyang

jr. member

Activity: 145

Merit: 1

In my point of view now a days mining is less profitalbe . Staking option is best choose some best coins and invest on it... staking coins get for airdrop + GOOD APY... LIKE Terra, Sol etc

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

What about Terra (Luna) Netwokr and Solana Network. what do you say about these 2 coins plus network ?

[moderator's note: consecutive posts merged]

very_452001

sr. member

Activity: 1056

Merit: 270

Quote from: FP91G on November 11, 2021, 01:00:44 PM

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

Are you also from this sect?
https://bitcointalksearch.org/topic/--5370304
Helium news is constantly published in this section, but I think that this has nothing to do with classic mining.
You can try, and then share your feedback with us, maybe miners will start doing the same after the end of Ethereum mining.

I don't care what mining it is whether its classic or whatever.

FP91G

legendary

Activity: 1610

Merit: 1026

Quote from: very_452001 on November 08, 2021, 10:33:08 AM

What about Helium HNT guys?

Are you also from this sect?
https://bitcointalksearch.org/topic/--5370304
Helium news is constantly published in this section, but I think that this has nothing to do with classic mining.
You can try, and then share your feedback with us, maybe miners will start doing the same after the end of Ethereum mining.

very_452001

sr. member

Activity: 1056

Merit: 270

What about Helium HNT guys?

mexite

jr. member

Activity: 701

Merit: 4

It's hard to see any good altcoins to mine. As many tokens mostly operate the PoS mechanism rather PoW, it would be harder seeing a profitable one. So why don't you consider running a node for coins that are promising and barely new with few validators? Though you might have to buy some tokens to stake at first to contribute to the security of the platform

jillscarbrough

sr. member

Activity: 588

Merit: 335

Steady State Finance

Quote from: adaseb on October 25, 2021, 11:23:20 AM

Yeah Cloud Mining was the worst.

Yep! 90.12345% SCAM....LMAO

Quote from: very_452001 on October 25, 2021, 05:32:39 PM

...... Bitcoin is $60k now so mining profits hash rate should easily cover cloud mining costs nowadays correct?

Not that simple, as I mentioned above:

Quote from: jillscarbrough on October 25, 2021, 03:49:35 AM

...... Let's say you got the coin to mine at low mining cost, has a pretty good price, but tons of miners mine the same coin as you.

Check this graph!

Bitcoin Network Hashrate VS. Price:

Source: https://stats.buybitcoinworldwide.com/hashrate-vs-price/

Network Difficulty:

Source: https://www.blockchain.com/charts/difficulty

Let's make some simple illustrations! (Actual calculations aren't like this) - To make it easy, let's use simple numbers, ignore diff!

Yesterday Bitcoin price: $10
Yesterday Bitcoin Network Hashrate: 10 Th/s
There're 10 miners, you have 1 Th/s, and the rest also have the same as yours.

Today Bitcoin price: $50
(With Bitcoin's price increasing to $50, more miners join)
Today Bitcoin Network Hashrate: 50 Th/s
There're 50 miners, you have 1 Th/s, and the rest also have the same as yours.

Let's calculate your chance!
Yesterday: 1/10 * $10: $1
Today: 1/50 * $50: $1

See?

Unless this "cloud mining" has tons of hash power and does solo mining. They "might have" a better chance!

very_452001

sr. member

Activity: 1056

Merit: 270

Quote from: adaseb on October 25, 2021, 11:23:20 AM

Yeah Cloud Mining was the worst.

I had so many friends fall for that scam. They said "Dude its 10GH/s forever, I will always be mining bitcoins". However they clearly didn't read their terms and on their terms it states that the hashrate is guaranteed as long as its more than the maintenance cost. The maintenance cost is electricity plus some handling and service from time to time.

Generally these contract last for many a year or even less than a year due to how fast bitcoin ASICs become extinct. I remember we would always get a bunch of people going to bitcointalk to complain how they got scammed with cloud mining contracts when they clearly didn't read the fine print.

Bitcoin was way cheaper back then. Do you mean if the mining profits were more than the maintenance cost of cloud mining then cloud mining can continue? Bitcoin is $60k now so mining profits hash rate should easily cover cloud mining costs nowadays correct?

adaseb

legendary

Activity: 3738

Merit: 1708

Yeah Cloud Mining was the worst.

I had so many friends fall for that scam. They said "Dude its 10GH/s forever, I will always be mining bitcoins". However they clearly didn't read their terms and on their terms it states that the hashrate is guaranteed as long as its more than the maintenance cost. The maintenance cost is electricity plus some handling and service from time to time.

Generally these contract last for many a year or even less than a year due to how fast bitcoin ASICs become extinct. I remember we would always get a bunch of people going to bitcointalk to complain how they got scammed with cloud mining contracts when they clearly didn't read the fine print.

jillscarbrough

sr. member

Activity: 588

Merit: 335

Steady State Finance

Easier?
I think this is relative! I haven't advice for this.

Quote from: very_452001 on October 22, 2021, 07:03:51 PM

Sorry I mean cheapest to mine a altcoin that is less electricity used as possible of a altcoin in the top 100 rankings.

Cheapest?
You could try this! (Almost zero cost)
Mining is just math, after all! Try brain mining! - You can mine whatever coins.

A long time ago, the easiest way to mine was cloud mining. The most popular cloud mining was Cex, which owned one of the biggest Bitcoin mining pools at the time. - GHash (2013-2016)

All miners' goal is profit! Even if someone writes a coin name here at a low cost to mine it, there's no guarantee that it'll make you a profit. Let's say you got the coin to mine at low mining cost, has a pretty good price, but tons of miners mine the same coin as you.
So?

The best way is DYOR!
Good luck!

very_452001

sr. member

Activity: 1056

Merit: 270

Okay what you guys think of Helium HNT?

Bitbtc8

full member

Activity: 1148

Merit: 116

Quote from: very_452001 on October 22, 2021, 07:03:51 PM

Sorry I mean cheapest to mine a altcoin that is less electricity used as possible of a altcoin in the top 100 rankings.

Cheapest to mine? Don't even think about mining on your phone if you have that in mind erase it right now, actually there is no cheap way to mine coins cos you need to have the right equipments like CPU or GPU, if you don't have one of these then sorry I can't help you

Topic: Easiest Altcoin to Mine with least Electricity advice (Read 512 times)