ZEC only for me.
During the last slump fools were selling A9 Zmasters on ebay for $200-$300 and I doubled my farm and have spare hash boards to boot.
Buy when others are fearful and sell when others are confident.
Topic: How many coins do you mine? Why? (Read 207 times)
These days most people just mine ETH and they either hold that ETH or they sell daily for profit or they buy some other types of coins such as Bitcoin or altcoin.
A few years ago, it was very profitable to mine brand new coin which had very low difficulty and would be listed on exchanges in the near future. However these days its difficult for a new coin, especially POW to get added to a large exchange like Binanace. Back in 2015, many coins were easily added to Poloniex which was the highest volume exchange at the time.
So people used to instamine the coin for a few hours and a few days later, when it hit an exchange they would sell it for great profit. Usually 5x as much profit as mining LTC or whatever was the most GPU mineable coin at the time, these days the times have changed.
A few years ago, it was very profitable to mine brand new coin which had very low difficulty and would be listed on exchanges in the near future. However these days its difficult for a new coin, especially POW to get added to a large exchange like Binanace. Back in 2015, many coins were easily added to Poloniex which was the highest volume exchange at the time.
So people used to instamine the coin for a few hours and a few days later, when it hit an exchange they would sell it for great profit. Usually 5x as much profit as mining LTC or whatever was the most GPU mineable coin at the time, these days the times have changed.
I'm mining RandomX coins with free miner xmr-stak-rx(0% dev fee). I mine 2 coins at a time one week I mine Monero and Another week I mine Loki. The shitcoins are the ones which are young and have low-market cap right now, they might not much profitable as compare to current price but they are profitable in the long-term.
It turns out that even shitcoins can prove to be good in the future. I understood you.I'll try to look for suitable coins on exchanges. Thanks!
I'm mining RandomX coins with free miner xmr-stak-rx(0% dev fee). I mine 2 coins at a time one week I mine Monero and Another week I mine Loki. The shitcoins are the ones which are young and have low-market cap right now, they might not much profitable as compare to current price but they are profitable in the long-term.
play safe and mine coins that are already well established and are already listed on many exchanges or you can play a bit risky and mine sc in a huge quantity before they are listed on the exchanges and then converting them for the coin of your choice
It is a bit risky as you never know if the coin will ever get listed, very low price
It is a bit risky as you never know if the coin will ever get listed, very low price
When I was first starting out with GPU mining, I used to stick with stable coins like ETH.
After a while, I noticed that I can make more $$ by mining SC and then converting them to ETH on a daily basis thus collecting more by doing this.
So, either you can play safe and mine coins that are already well established and are already listed on many exchanges or you can play a bit risky and mine SC in a huge quantity before they are listed on the exchanges and then converting them for the coin of your choice.
It is a bit risky as you never know if the coin will ever get listed, very low price at the time of listing or it being abondened.
After a while, I noticed that I can make more $$ by mining SC and then converting them to ETH on a daily basis thus collecting more by doing this.
So, either you can play safe and mine coins that are already well established and are already listed on many exchanges or you can play a bit risky and mine SC in a huge quantity before they are listed on the exchanges and then converting them for the coin of your choice.
It is a bit risky as you never know if the coin will ever get listed, very low price at the time of listing or it being abondened.
I have a question for miners. How many different coins do you mine? More than three, more than five? How do you choose them?
According to changelly's list and whattomine.com I can't quite figure the difference between profitable coins and shitcoins. How are you doing this?
According to changelly's list and whattomine.com I can't quite figure the difference between profitable coins and shitcoins. How are you doing this?
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