Easiest Altcoin to Mine with least Electricity advice

FP91G

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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

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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

very_452001

sr. member

Activity: 1056

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

skablast

member

Activity: 476

Merit: 19

Unminable its just converting the money you earn mining POW in POS. DOing so, they earn both as a pool and as an exchange.
I have an answer, but i also have a question
The answer is Verthash, I do't know if its top something but its solid enough and its alo is the less power intensive that mean you can mine it even with not so young GPU ( even with CPU). The question is: what you mean by easy to mine ?

And in case you are not happy obtaining VTC, you can mine it in Zergpool or miningpoolhub, and obtaining btc,ltc or whatever they(THEY) mine and you don't.
In fact I am gpu mining there and obtaining LTC

FloridaKid

member

Activity: 375

Merit: 15

$CYBERCASH METAVERSE

Quote from: very_452001 on October 21, 2021, 06:04:18 PM

Quote from: CrossroadBTC on October 21, 2021, 01:55:46 PM

Go to unmineable.com this is a website with pool that brings coins like shiba inu and others to miners with ease, many other coins that aren't even pow algorithm enabled are present on this website including holo, funfair, decentraland, 1inch and many more

I don't get it, how can you mine POS coins that you mentioned?

Yea this is correct Ive used unmineable to mine other coins that aren't PoW active, you need to check out the platform yourself it's more like a mining pool, here is what they do, you can direct your GPU or CPU to the platform given address and they will pay you in shiba coin or any other you choose

https://unmineable.com

FP91G

legendary

Activity: 1610

Merit: 1026

Quote from: very_452001 on October 21, 2021, 10:24:16 AM

Quote from: tranthidung on October 20, 2021, 08:00:56 PM

Quote from: very_452001 on October 20, 2021, 07:41:56 PM

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.

Mining is there for years and mineable used to be an indicator that a project can survive. It only partially true because many mineable altcoins finished their lives with deaths.

Mining itself is risky because you have to face with tripple risks:

Risk of investment in your mining equipments, power bills, maintenance cost.
Risk of unknown price changes
Risk of coin survival ability

There are few mineable altcoins in top 100 but they are no longer easy to mine. Others are for stake, yield, farm, etc.

My advice for you are

Checking with Whattomine.com.
Look at those coin age, should be more than 4 years.
Next, go back to coinmarketcap or coingecko and check further details of coins that you just filter from Whattomine.

Hello I'm looking to mine a altcoin in within the top 100 rankings that doesn't require ASIC, fast PC or any expensive hardware or if hardware is required then consumes the least electricity. Is there a altcoin for this?

I want to work, but so that I don't have to go to work, ... and it's even better that the salary is brought home

If you are talking about POW mining, then there are no such coins. The competition is very high, so you have to buy expensive equipment and pay your electricity bills.
You can mine Shitcoin on old hardware, but the profit will be in the range of a few cents per day.

swogerino

legendary

Activity: 3136

Merit: 1233

Quote from: very_452001 on October 20, 2021, 07:41:56 PM

Hi,

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.

Any suggestions?

Buy a pre built mining rig with GPU-s.That way you only need to change your wallet and mine away.One of the easiest miner to use is Nicehash as you just launch it and it does all the work for you,you only place your wallet in there.However this is not the cheapest electricity option,for that you need a standalone miner like T-rex,NbMiner or Phoenix miner and mine Ethereum or Ethereum Classic,as far as I know they consume the less electricity based on the rewards given.

This above is if you don't want to spend a lot of money.You can buy an ASIC but usually the electricity consumption is higher with these devices.

adaseb

legendary

Activity: 3738

Merit: 1708

By easiest do you mean what uses the least amount of electricity? That would be CPU mining. However it’s pretty competitive and you will need a high end CPU like a Ryzen. If you got one then you can mine monero with it.

If by easiest you mean what’s the best plug and play method with least amount of interaction or maintainance then you need to get an ASIC. Basically buy an ASIC and buy a PSU, set up your pool and you are done. They rarely need attention and usually auto reboot if there is an issue.

very_452001

sr. member

Activity: 1056

Merit: 270

Quote from: CrossroadBTC on October 21, 2021, 01:55:46 PM

Go to unmineable.com this is a website with pool that brings coins like shiba inu and others to miners with ease, many other coins that aren't even pow algorithm enabled are present on this website including holo, funfair, decentraland, 1inch and many more

I don't get it, how can you mine POS coins that you mentioned?

CrossroadBTC

member

Activity: 182

Merit: 14

Go to unmineable.com this is a website with pool that brings coins like shiba inu and others to miners with ease, many other coins that aren't even pow algorithm enabled are present on this website including holo, funfair, decentraland, 1inch and many more

kinkajou

jr. member

Activity: 60

Merit: 2

Ravencoin is a solid top-100 PoW project mined on commodity hardware (GPU).

The KawPoW algo uses slightly more electricity than Ethash/Autolykos, but the added power consumption provides additional security that ASIC's won't be able to come online with an outsized efficiency advantage.

S7eeler

newbie

Activity: 1

Merit: 0

Sounds like he's looking for the reject slot on a Coinstar machine. Grin

very_452001

sr. member

Activity: 1056

Merit: 270

Quote from: tranthidung on October 20, 2021, 08:00:56 PM

Quote from: very_452001 on October 20, 2021, 07:41:56 PM

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.

Mining is there for years and mineable used to be an indicator that a project can survive. It only partially true because many mineable altcoins finished their lives with deaths.

Mining itself is risky because you have to face with tripple risks:

Risk of investment in your mining equipments, power bills, maintenance cost.
Risk of unknown price changes
Risk of coin survival ability

There are few mineable altcoins in top 100 but they are no longer easy to mine. Others are for stake, yield, farm, etc.

My advice for you are

Checking with Whattomine.com.
Look at those coin age, should be more than 4 years.
Next, go back to coinmarketcap or coingecko and check further details of coins that you just filter from Whattomine.

Hello I'm looking to mine a altcoin in within the top 100 rankings that doesn't require ASIC, fast PC or any expensive hardware or if hardware is required then consumes the least electricity. Is there a altcoin for this?

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: very_452001 on October 20, 2021, 07:41:56 PM

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.

Mining is there for years and mineable used to be an indicator that a project can survive. It only partially true because many mineable altcoins finished their lives with deaths.

Mining itself is risky because you have to face with tripple risks:

Risk of investment in your mining equipments, power bills, maintenance cost.
Risk of unknown price changes
Risk of coin survival ability

There are few mineable altcoins in top 100 but they are no longer easy to mine. Others are for stake, yield, farm, etc.

My advice for you are

Checking with Whattomine.com.
Look at those coin age, should be more than 4 years.
Next, go back to coinmarketcap or coingecko and check further details of coins that you just filter from Whattomine.

BitMaxz

legendary

Activity: 3304

Merit: 3037

BTC price road to $80k

Mine and buy with ASIC if you don't want to build a rig that's the easiest way but this is not a good place to ask this you must move this to the altcoin mining section or discussion(Reported already).

very_452001

sr. member

Activity: 1056

Merit: 270

Hi,

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.

Any suggestions?

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