Currently I started BTC mining with 3 Antminer U1s at 1.6 GH/s.
I understand that it will be energy inefficient and too costly to run my mining rig mining BTC when the difficulty gets too high.
So, how do I mine alternative SHA-256 coins like freicoin? I know ASICs cannot do scrypt, but what do I have to do to mine these alternative SHA-256 coins. I heard all you had to do was point your mining software at a pool for that specific coin, is this true?
Yes, same way you mine BTC right now via a pool, all you need to do is join a pool that mines the specific coin you're interested in mining.
Also, is there anywhere decent where I can trade my alternative SHA-256 coins for BTC that does not require me to send them a load of documents and information about myself, just something simple like localbitcoins where you don't need to spend 2 weeks sending personal documents.
Thanks.
I am using
Cryptsy.
One thing to note though is that Cryptsy prohibits you from mining directly to your Cryptsy deposit address, so you'll need a wallet to attach to your mining pool and once you accumulate a good amount of coins, send it to your Cryptsy account address and trade it.
