Is mining altcoins like Bitcoin become very difficult today than in the past ?

reliable

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It depends on the coin.Some coins are naturally hard to mine. It is always better to buy if you don't have a good hardware.

Also its easy to mine the new coins which are just listed or some time ago as mining those altcoins which are listed a year or or more and are the top altcoins. As the demand keep on increasing the mining part will keep becoming more difficult and some day will come where like btc it would not be easy or viable to mine btc if your overhead costs are fairly high like electricity cost, space rentals or acquisition cost etc.

nc50lc

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Quote from: philipma1957 on December 29, 2017, 12:12:10 AM

Quote from: crairezx20 on December 28, 2017, 10:44:25 PM

Why not try to mine new altcoin which is low difficulty other altcoin is getting difficulty increase because more people are mining just like bitcoin the more people enter to pool the difficulty increases but its still profitable since the price of altcoin is getting increase the the profitability is there depends if what mining rig you build..

why not pick 10 new ones at 1 dollar a coin and just buy 100 bucks worth of each one.

Yup, it's totally dumb to mine a cheap coin even if it has a promising future.
In the end of the day, you will have to pay an electric bill much higher than the price of the coins you mined.

It is getting off-topic, I remembered that I already answered the OP.
Here

DefinitelyBears

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Seems like if you mine a brand new coin like a few days old you can get a few thousand a day even with crappy hardware like mine. Of course it's totally worthless. By the time it's worth a few cents USD can be lucky to get a few hundred coins per day.

philipma1957

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Quote from: crairezx20 on December 28, 2017, 10:44:25 PM

Why not try to mine new altcoin which is low difficulty other altcoin is getting difficulty increase because more people are mining just like bitcoin the more people enter to pool the difficulty increases but its still profitable since the price of altcoin is getting increase the the profitability is there depends if what mining rig you build..

why not pick 10 new ones at 1 dollar a coin and just buy 100 bucks worth of each one.

crairezx20

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Why not try to mine new altcoin which is low difficulty other altcoin is getting difficulty increase because more people are mining just like bitcoin the more people enter to pool the difficulty increases but its still profitable since the price of altcoin is getting increase the the profitability is there depends if what mining rig you build..

shibob

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Blockchain Evangelist.

Of course it's getting more difficult especially for some big Altcoins.
Actually there are too much altcoins which could be mined out there, so some of them're dying with no hash power, but just look at the difficult chart for some top altcoins, its difficulty typically double each 2-3 months.

nc50lc

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It will depend on the Altcoin's difficulty settings.
With Bitcoin as well as some altcoins, the difficulty will rise or fall depending on the current processing power to stabilize 10minutes/block rate.

Bitcoin's total Hashrate is too high that the difficulty had reached the moon and stars.
And it's not determined by the total time since it was started.
Like I said its the number of miners or the total Hashrate that is making it "difficult".

Edz_