First of all congrats for your post, people usually just go around and say that mining is not profitable anymore, or that the only option are ASICs... some of them trully believe in this, others are just being selfish trying to keep difficulty low...
It is a fact that one of the tricks for a successfull mining operationg involves a lot of work and to be on top of things constantly... and as a consequence you find worthwhile projects that are just newborns with almost zero difficulty
Topic: Have more coins in your portfolio in a short term - page 3. (Read 12447 times)
this is for new people that wants to become a miner ,if you are from a country where electricity is an issue I'd say this is for you ,this is about having more coins at your disposals in a short period of time ,all you need to do is follow my leads ,last year when electroneum coin was launched i quickly jump in and starting to mine and I mined it for two days with 2000H/s and I got 23000 etn already ,the question is how? well always mine coins that are still days old because the difficulty rate will be so low that you would have acquire a lot of it already before the difficulty rate skyrockets, more coins more profit ,this is good for the ones with old GPUs too ,I did the same with other coins like Niobio Cash ,Festival coin and Havven ,mining coins at earlier stage is more profitable ,if you want to choose goodcoin to mine because you don't want to waste your hashrate and time then drop me a message.
That was a good advice for us for beginer in mining,now i am going to follow you honestly i am a miner of electroneum but not like you get in your miner so i want to learn more about it.
There should be a certain balance of the portfolio consisting of bitcoin,stable coins and new promising coins with high potential .
We must build on the realities of today , and not just hope for mining or buying new coins that have not yet shown themselves on the market.
The time for easy money is over.Now, to earn in the cryptocurrency market-you need to think like never before.)
We must build on the realities of today , and not just hope for mining or buying new coins that have not yet shown themselves on the market.
The time for easy money is over.Now, to earn in the cryptocurrency market-you need to think like never before.)
It's all risk reward. Everyone's threshold is different. It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining. It's not as easy as just mining new coins.
I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.Without putting your portfolio in some of the stronger established coins this will most of the time be the case. Again its risk reward, if they plan out it could end up really profitable but 99/100 you will just lose your money or even if you dont lose money will have an opportunity cost loss in that you would have made more by keeping your money in btc. Risk what you can lose holds true
In fact, as time passes it will be increasingly difficult to make significant amounts of money through cryptocurrencies: mining does not seem to be so profitable lately and only large investors seem to dominate the scene; trading means dealing with the unpredictability of the market and an increasingly reduced volatility, and holding cryptos is nothing more than a risky bet. Even so, I prefer to try at least partially with trading and holding btc.
I'm not by any means saying that it cant be profitable, I'm just saying there is more to it than just mining all new coins. As with anything it's a multi prong attack between mining right, trading right and holding right. It's a fine balance and more so with unpredictable new coins.
It's all risk reward. Everyone's threshold is different. It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining. It's not as easy as just mining new coins.
I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.Without putting your portfolio in some of the stronger established coins this will most of the time be the case. Again its risk reward, if they plan out it could end up really profitable but 99/100 you will just lose your money or even if you dont lose money will have an opportunity cost loss in that you would have made more by keeping your money in btc. Risk what you can lose holds true
In fact, as time passes it will be increasingly difficult to make significant amounts of money through cryptocurrencies: mining does not seem to be so profitable lately and only large investors seem to dominate the scene; trading means dealing with the unpredictability of the market and an increasingly reduced volatility, and holding cryptos is nothing more than a risky bet. Even so, I prefer to try at least partially with trading and holding btc.
this is for new people that wants to become a miner ,if you are from a country where electricity is an issue I'd say this is for you ,this is about having more coins at your disposals in a short period of time ,all you need to do is follow my leads ,last year when electroneum coin was launched i quickly jump in and starting to mine and I mined it for two days with 2000H/s and I got 23000 etn already ,the question is how? well always mine coins that are still days old because the difficulty rate will be so low that you would have acquire a lot of it already before the difficulty rate skyrockets, more coins more profit ,this is good for the ones with old GPUs too ,I did the same with other coins like Niobio Cash ,Festival coin and Havven ,mining coins at earlier stage is more profitable ,if you want to choose goodcoin to mine because you don't want to waste your hashrate and time then drop me a message.
I once tried my hands on electroneum and havven. I got in late when difficulty was high and got little of those coins. I need help on a privacy coin called Veil, it is not yet six months old but with lots of potentials. What do you advise
It's all risk reward. Everyone's threshold is different. It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining. It's not as easy as just mining new coins.
I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.Without putting your portfolio in some of the stronger established coins this will most of the time be the case. Again its risk reward, if they plan out it could end up really profitable but 99/100 you will just lose your money or even if you dont lose money will have an opportunity cost loss in that you would have made more by keeping your money in btc. Risk what you can lose holds true
It's all risk reward. Everyone's threshold is different. It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining. It's not as easy as just mining new coins.
I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.
It's all risk reward. Everyone's threshold is different. It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining. It's not as easy as just mining new coins.
Well, that does sound pretty reasonable to mine new coins and earn more. But still, the question is how we identify if this is a coin with potentials?
I really appreciate your advice. It is so straightforward and full of enlightenment. I got a little knowledge on how how to make mining more profitable and not too expensive.
OP, if you don't mind, I'd like to ask some questions.
1. What is the cheapest hardware gear setup (doesn't consume a lot of power) for those that want to venture into mining for the first time.
2. How do you make your research for good coins to mine that won't seem as a wasted effort at the end of your mining activity?
1. What is the cheapest hardware gear setup (doesn't consume a lot of power) for those that want to venture into mining for the first time.
2. How do you make your research for good coins to mine that won't seem as a wasted effort at the end of your mining activity?
~snip
there's no sure way to say a project will succeed but after analysing tons of projects you get a feeling.
there's no sure way to say a project will succeed but after analysing tons of projects you get a feeling.
Yeah I feel that too on bounty hunting on making an article, I got a gist like you said, which one will make a good profit etc.
Not a miner obviously, but I tried mining in the past. Rent some hash and mining some hype stuff on twitter, it ended not so bad actually, but not looking good either, I mean I barely breakeven.
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In as much as i love your advice i think its important that you take out time to highlight the various steps and procedures invloved in the minning process so that newbies that would love to mine crypto tokens can have a clue of how it works before venturing into it
In the end the OP doesn't share what makes OP choose to mine something in an earlier stage, just a hint with experience and a great roadmap. Ultimately it lies with experience, trial and error you named it.
it's like collecting an old and exclusive pokemon/DnD card that worth 1000x a few year after their first sale I guess. The problem with cryptocurrency, you don't know for sure which alts that last long enough.
it's like collecting an old and exclusive pokemon/DnD card that worth 1000x a few year after their first sale I guess. The problem with cryptocurrency, you don't know for sure which alts that last long enough.
totally, it's a mix of game theory, good analysis and a bit of luck.
there's no sure way to say a project will succeed but after analysing tons of projects you get a feeling.
it can be quite profitable when you hit a homerun.
Well this home run you talk about is something that can last for years. You invest some money, or some of your time, and than you just wait for years, it can be success or failure, but that we will know only after couple years. It`s a game, it`s gambling, you need to choose your investment and you need to pick the right one among so many of them, it`s impossible to invest in all of them.
I wonder what OP is mining now, is there any interesting project that he would like to recommend.
i have the same problem when I am a newbie. i always look for newly born coins. it gives me a good income, even if I still use GPU mining. such as: veil . Veil is integrating best-in-class anonymity technologies to become the first cryptocurrency that provides uncompromising, always-on privacy
In the end the OP doesn't share what makes OP choose to mine something in an earlier stage, just a hint with experience and a great roadmap. Ultimately it lies with experience, trial and error you named it.
it's like collecting an old and exclusive pokemon/DnD card that worth 1000x a few year after their first sale I guess. The problem with cryptocurrency, you don't know for sure which alts that last long enough.
it's like collecting an old and exclusive pokemon/DnD card that worth 1000x a few year after their first sale I guess. The problem with cryptocurrency, you don't know for sure which alts that last long enough.
totally, it's a mix of game theory, good analysis and a bit of luck.
there's no sure way to say a project will succeed but after analysing tons of projects you get a feeling.
it can be quite profitable when you hit a homerun.
In the end the OP doesn't share what makes OP choose to mine something in an earlier stage, just a hint with experience and a great roadmap. Ultimately it lies with experience, trial and error you named it.
it's like collecting an old and exclusive pokemon/DnD card that worth 1000x a few year after their first sale I guess. The problem with cryptocurrency, you don't know for sure which alts that last long enough.
it's like collecting an old and exclusive pokemon/DnD card that worth 1000x a few year after their first sale I guess. The problem with cryptocurrency, you don't know for sure which alts that last long enough.
right, mining at the beginning of the project does have a large potential profit but what if the project fails or the coins we mine are unable to cover costs and even incur losses 
Mining and other thing actually need research before we do it. But in my country sometime people share (actually not much) which coin that can mined and profitable. But it is good to discuss about coin that we want to mine first than get nothing after mine wrong coin.
I agree with your suggestion 
This is also what im doing now with my old computer....
To join in an earlier phase is the only chance for my poor hardware
When not so many people know about mine crypto and the difficulty is so easy. I remember someone able to mine more than ten thousands of bitcoin just in short time with pentium 3 computer. This is also what im doing now with my old computer....To join in an earlier phase is the only chance for my poor hardware
But this time our poor hardware will have exploded if we are using it to mine crypto. Lol The fact those people caught the bottom line gets a huge return right now.
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