I once engaged in mining and I think it was not worth it. There are so many problems with technology. Now I'm trying to earn something in the bounty.
Topic: Mining Altcoins ? - page 8. (Read 1881 times)
Crypto currency has a unpredictable future. Now a days the price is remaining quite low and this is the best time for investment. In the next year if price become bullish then it would be very hard to invest on in and a lot of capital would be needed. So, if you have sufficient capital right now, invest on it. 
I will suggest you not to invest in Altcoins next year. Instead of investing in Altcoins you should invest in bitcoin in this year. Because the price of bitcoin is low now and it will rise soon. 
If we are talking about mining then I think that today there are a lot of people, people make the conclusion that they buy the tokens on the stock exchange, because today extraction and ordinary purchase are very often equal, it became non-liquid.
It worths without a doubt, on the off chance that it doesn't for what reason do individuals mine coins? yet, it additionally relies upon your capital, your equipment for mining. In the event that you have not point by point learning about mining you ought to counsel somebody master on this.
I recommend you not to invest in Altcoin right now. Since the benefit you win is low and no benefit. The cost of the altcoin won't meet your power charge and your interest in a brief timeframe. So I prescribe investigating Bitcoin, its price is high and the benefit earned is more than investing altcoin. Bitcoin is the leader of the market and it is the wise decision to invest in bitcoin.
I would rather suggest you to buy altcoin this year. The prices are low right now. It's the best time to invest now.
I guess it all depends on what coins you are planning to mine as some are way more profitable than others, add to that the mining difficulty which constantly increases, and you have to bear in mind that the rig alone will cost you a couple of grand. I do not know but I am skeptic about mining.
I am fully agreed with @Cryptothreads. Now alt coins mining is not that much profitable comparing time and capital. You will have to invest a lot but return is so low. Even you have to be in mental pressure to control the load.
Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
Yes, of course it is worth spending time and money. Mining is and will be a very promising industry that can bring crazy profits. I think if you successfully start, then in a short period of time your investments will pay off and you will receive a net profit. I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
have you ever make list of things to buy when you do the mining thing? Also what kind of computer you need to mine if you are going to use computers, like memory, processor, electric bill per month, if your budget is $15,000 to starts then it is better to allow your self gathering materials with that amount, then observe how will your income goes in the first 3 months... if it goes well then you can expand little by little..
Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
If you find very cheap electricity in this way you must! But if you will start business with same rights like everyone then you should not.I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
Even if you will find cheap electricity, you have to take into account the cost of equipment.
If the payback period is more than 1 year, I would not advise. Consider that the difficulty of mining is constantly growing
There are many altcoin that have a potential to increase but if you're an beginner i think you should try bitcoin first.
Are mining rigs available in your region?
What about the electricity cost and weather?
Where are you from?Do you even read the thread? What about the electricity cost and weather?
Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
It depends on the cost of electricity in your country or area and if it is good then you can mine the altcoins by choosing the right altcoin for mining otherwise it is not wise decision to mine the altcoins. You better go for Bitcoin mining as it is highly recommended to give you good returns in mining business comparing to other altcoin mining based on their cost of production. I prefer to go for cloud mining because of pool mining is not been practiced on a high scale in our country as the cost of electricity is really high.
Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
this is so quickly developing industry, that it's very difficult to predict what will happen next year. Bitcoin mining is mostly profitable for large mining farms, not for small miners. You can mine something and hope the price grows, but it's easier to buy for that matter
Instead of mining you should try to invest in Proof of Stake coins. As POS is gaining steam and you get a decent reward for staking your coins. Also mining isn't easy now and the reward is too low nowadays and the capital investment required is also high. If you go the POS route than you also gain from the price increase that the coin goes through.
If you like mine, make sure you use preparation for mining is complete. and most importantly if you like mine don't look for mining sites. It won't give you a big profit. only this will take time but to no avail.
so far, I feel that minning altcoin is more advantageous than bitcoin, or eth. well, we know that life is a race. there have been many miners out there who have more sophisticated equipment than we have. so, most likely to compete with them, utilizing altcoin is a great goal.CMIIW.
If you like mine, make sure you use preparation for mining is complete. and most importantly if you like mine don't look for mining sites. It won't give you a big profit. only this will take time but to no avail.
I don't know about ETH, but Monero mining difficulty and network hashrate dropped significanlty after their ASIC resistant fork recently. It all depends on your rig hashpower, but there are many calculators, so the most efficient way is to test which algo gives you the best results by testing it for a few days/weeks. Can you specify what kind of rig will you be using to mine?
Absolutely if you can secure bulk hardware that is giving you a discount for ordering bulk. Also, make sure there is some way that you will be able to repair or service your hardware if it becomes broken.
You can pick any type of algorithm so don't feel like you need to buy ASICs or even a ton of GPUs. Make sure you know what the breaker lines in your house go to so you don't blow fuses and have fire hazards from too many watts.
You can pick any type of algorithm so don't feel like you need to buy ASICs or even a ton of GPUs. Make sure you know what the breaker lines in your house go to so you don't blow fuses and have fire hazards from too many watts.
Jump to: