Is altcoin mining still a thing? | Bitcointalksearch.org

Ultegra134

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Quote from: nsummy on February 22, 2021, 10:47:34 AM

Its still a thing (as others have mentioned ETH) but its not quite the same as 2017/2018. Back then new shitcoins were popping up daily, along with a steady stream of coins that may be more profitable depending on what GPU you had. Those days are pretty much gone. A lot of those coins went to asic and there isn't the influx of new coins. Right now ETH is about the only game in town if you have a card with more than 4 GB of RAM.

Ethereum was gaining ground fast when I stopped mining. It was already becoming the most profitable way to mine, while the other algorithms (I remember Decred and a few others) were starting to be unprofitable to run older rigs.

Quote from: nsummy on February 22, 2021, 10:47:59 AM

Quote from: Winscosinally on February 22, 2021, 09:21:50 AM

It's kinda too late to build a mining rig right now because does graphics card have skyrocketed in price, it's like using the money that can buy 3 graphics card to buy one right now is just better to invest your money in altcoins rather than thinking about getting GPUS for mining..

Incorrect

I'm not quite sure if I'd build a rig now for the whole purpose of mining. My PC has a malfunctioning motherboard and could use some upgrade, in the meantime, my laptop doesn't meet my needs. Thus, I could combine these two needs to mine and simultaneously repair my computer.

Apostlekin$$$

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Sovryn - Brings DeFi to Bitcoin

Quote from: nsummy on February 22, 2021, 10:47:34 AM

Its still a thing (as others have mentioned ETH) but its not quite the same as 2017/2018. Back then new shitcoins were popping up daily, along with a steady stream of coins that may be more profitable depending on what GPU you had. Those days are pretty much gone. A lot of those coins went to asic and there isn't the influx of new coins. Right now ETH is about the only game in town if you have a card with more than 4 GB of RAM.

Well we still have some new altcoins but no one cares much about them, we have conflux which is already topping the chart of the most profitable altcoins presently, we have ergo too which is a DeFi PoW algorithm coin, there is another too which is has a name like 🦊 Foxd or something like that, it was dumped months ago and now back with a vengeance

nsummy

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Quote from: Winscosinally on February 22, 2021, 09:21:50 AM

It's kinda too late to build a mining rig right now because does graphics card have skyrocketed in price, it's like using the money that can buy 3 graphics card to buy one right now is just better to invest your money in altcoins rather than thinking about getting GPUS for mining..

Incorrect

nsummy

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Its still a thing (as others have mentioned ETH) but its not quite the same as 2017/2018. Back then new shitcoins were popping up daily, along with a steady stream of coins that may be more profitable depending on what GPU you had. Those days are pretty much gone. A lot of those coins went to asic and there isn't the influx of new coins. Right now ETH is about the only game in town if you have a card with more than 4 GB of RAM.

Skinny48

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Quote from: Ultegra134 on February 21, 2021, 06:51:31 PM

I remember back in 2017/18 mining Altcoins with Nicehash and making a decent profit per day back then. I no longer have my PC (What used to be my mining rig) to try it out, nor remember what hash rate it was achieving. Is anyone still mining with Nicehash? Are you generating any profit? What equipment are you using?

Yes I'm still using Nicehash till date and it's profitable too, running on 6x gtx1660 super and Ti, it's a good time to start mining cryptocurrency once again and I believe that some coins will bring better profits to miner in short term than even ethereum itself

Winscosinally

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It's kinda too late to build a mining rig right now because does graphics card have skyrocketed in price, it's like using the money that can buy 3 graphics card to buy one right now is just better to invest your money in altcoins rather than thinking about getting GPUS for mining..

Ultegra134

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Quote from: Stanlo on February 22, 2021, 05:57:51 AM

Altcoin mining is still big Cool

that's why majority of miners are on here to share knowledge about mining rigs and also solve problems too, right now GPUS are very scare and even if you find them they are triple in price already, right now is not a good time to build mining rigs

I see, the profits back then were quite decent, even with a moderate build using Nicehash. I had two average AMD cards with 2 gbs of RAM and was earning about $2-3/day if I remember correctly. However, I was starting to learn less after a while due to low GPU RAM.

I was considering to repair my old build and buy one graphic card and try it out. My laptop isn't really living up to my expectations, it's quite slow for anything stressful.

Stanlo

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Altcoin mining is still big Cool

that's why majority of miners are on here to share knowledge about mining rigs and also solve problems too, right now GPUS are very scare and even if you find them they are triple in price already, right now is not a good time to build mining rigs

batsonxl

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Quote from: Ultegra134 on February 21, 2021, 06:51:31 PM

I remember back in 2017/18 mining Altcoins with Nicehash and making a decent profit per day back then. I no longer have my PC (What used to be my mining rig) to try it out, nor remember what hash rate it was achieving. Is anyone still mining with Nicehash? Are you generating any profit? What equipment are you using?

people most mining altcoins since bitcoin only profitable with ASICs.

xxcsu

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Quote from: Ultegra134 on February 21, 2021, 06:51:31 PM

Is altcoin mining still a thing?

If altcoin mining is not a " thing", then this forum wouldn't make any sense Wink

Sledge0001

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Yeah there is a little coin called ethereum!

TGJ

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Everybody is mining right now. It’s why you can’t find a GPU in stores anywhere.

Ultegra134

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I remember back in 2017/18 mining Altcoins with Nicehash and making a decent profit per day back then. I no longer have my PC (What used to be my mining rig) to try it out, nor remember what hash rate it was achieving. Is anyone still mining with Nicehash? Are you generating any profit? What equipment are you using?

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