I thought about changing from BTC to an altcoin. My S5 is having a hard time mining Bitcoin with the increased difficulty.
I switched to a PPC for 6 hours and got .3 ppc
Topic: mining btc and alt (Read 564 times)
SHA256 altcoins are rarely worth mining for themselves, the very low value and relative difficulty of getting them traded into something usefull usually more than makes up for the ease of mining them.
non-SHA256 altcoins vary - LiteCoin and DASH have been viable alternatives with noticeably more stability over the last half year vs. BitCoin, though it looks like the SCRYPT altcoin mining ecosystem is a few months away from it's first major shakeup since the Litecoin halfing (and possibly it's biggest shakeup since the GC3355 was introduced).
DASH is profitable to mine with a well-tuned GPU rig, though the ROI timeframe makes it somewhat iffy if your vid cards will last long enough to make RoI.
non-SHA256 altcoins vary - LiteCoin and DASH have been viable alternatives with noticeably more stability over the last half year vs. BitCoin, though it looks like the SCRYPT altcoin mining ecosystem is a few months away from it's first major shakeup since the Litecoin halfing (and possibly it's biggest shakeup since the GC3355 was introduced).
DASH is profitable to mine with a well-tuned GPU rig, though the ROI timeframe makes it somewhat iffy if your vid cards will last long enough to make RoI.
I would agree I was decent into alt coin's during GPU day's and during first asic day's of them. But at a point they really switched to a LOT of pump/dump and a lot are scrypt which BTC sha mining gear will just not ever mine.
The second one worth mining is LTC really and it's scrypt. But a lot of altcoins even scrypt are utter crude. Just nothing but a change of name/picture and promises of a bright future.
I think BTC will remain king as far as mining. You will see it's what the manufactures focus new gear on for the most part. And they do it as most return in in straight BTC in current market.
The main altcoin worth mining is Ethereum. It will be minable for another year, then it will become PoS.
SHA256 altcoins are rarely worth mining for themselves, the very low value and relative difficulty of getting them traded into something usefull usually more than makes up for the ease of mining them.
non-SHA256 altcoins vary - LiteCoin and DASH have been viable alternatives with noticeably more stability over the last half year vs. BitCoin, though it looks like the SCRYPT altcoin mining ecosystem is a few months away from it's first major shakeup since the Litecoin halfing (and possibly it's biggest shakeup since the GC3355 was introduced).
DASH is profitable to mine with a well-tuned GPU rig, though the ROI timeframe makes it somewhat iffy if your vid cards will last long enough to make RoI.
non-SHA256 altcoins vary - LiteCoin and DASH have been viable alternatives with noticeably more stability over the last half year vs. BitCoin, though it looks like the SCRYPT altcoin mining ecosystem is a few months away from it's first major shakeup since the Litecoin halfing (and possibly it's biggest shakeup since the GC3355 was introduced).
DASH is profitable to mine with a well-tuned GPU rig, though the ROI timeframe makes it somewhat iffy if your vid cards will last long enough to make RoI.
I would agree I was decent into alt coin's during GPU day's and during first asic day's of them. But at a point they really switched to a LOT of pump/dump and a lot are scrypt which BTC sha mining gear will just not ever mine.
The second one worth mining is LTC really and it's scrypt. But a lot of altcoins even scrypt are utter crude. Just nothing but a change of name/picture and promises of a bright future.
I think BTC will remain king as far as mining. You will see it's what the manufactures focus new gear on for the most part. And they do it as most return in in straight BTC in current market.
SHA256 altcoins are rarely worth mining for themselves, the very low value and relative difficulty of getting them traded into something usefull usually more than makes up for the ease of mining them.
non-SHA256 altcoins vary - LiteCoin and DASH have been viable alternatives with noticeably more stability over the last half year vs. BitCoin, though it looks like the SCRYPT altcoin mining ecosystem is a few months away from it's first major shakeup since the Litecoin halfing (and possibly it's biggest shakeup since the GC3355 was introduced).
DASH is profitable to mine with a well-tuned GPU rig, though the ROI timeframe makes it somewhat iffy if your vid cards will last long enough to make RoI.
non-SHA256 altcoins vary - LiteCoin and DASH have been viable alternatives with noticeably more stability over the last half year vs. BitCoin, though it looks like the SCRYPT altcoin mining ecosystem is a few months away from it's first major shakeup since the Litecoin halfing (and possibly it's biggest shakeup since the GC3355 was introduced).
DASH is profitable to mine with a well-tuned GPU rig, though the ROI timeframe makes it somewhat iffy if your vid cards will last long enough to make RoI.
altcon have their section, but i can tell yu that what you want to do does not work anymore, it's better to mine bitcoin directly
in the past the alt mining + exchanging for bitcoin was a better way to acquire many bitcoin faster than simply mining bitcoin
then, many scammers has appeared with many scam coins, and the altscene faded away slowly, now the section is almost dead
it's sad i remember that i had a great fun instamining almost all altcoin of late 2013 and 2014 with a gpu rig
Altcoin mining can still be done but you need to do your research first. There are some new altcoins that might have the potential to succeed.in the past the alt mining + exchanging for bitcoin was a better way to acquire many bitcoin faster than simply mining bitcoin
then, many scammers has appeared with many scam coins, and the altscene faded away slowly, now the section is almost dead
it's sad i remember that i had a great fun instamining almost all altcoin of late 2013 and 2014 with a gpu rig
Real world responses
Great value
I will get heavy on alt coin after I decide to finalize my s7 pair order or wait til the 16nm sets come out
But not waiting very long
Appreciated!
altcon have their section, but i can tell yu that what you want to do does not work anymore, it's better to mine bitcoin directly
in the past the alt mining + exchanging for bitcoin was a better way to acquire many bitcoin faster than simply mining bitcoin
then, many scammers has appeared with many scam coins, and the altscene faded away slowly, now the section is almost dead
it's sad i remember that i had a great fun instamining almost all altcoin of late 2013 and 2014 with a gpu rig
Altcoin mining can still be done but you need to do your research first. There are some new altcoins that might have the potential to succeed. in the past the alt mining + exchanging for bitcoin was a better way to acquire many bitcoin faster than simply mining bitcoin
then, many scammers has appeared with many scam coins, and the altscene faded away slowly, now the section is almost dead
it's sad i remember that i had a great fun instamining almost all altcoin of late 2013 and 2014 with a gpu rig
altcon have their section, but i can tell yu that what you want to do does not work anymore, it's better to mine bitcoin directly
in the past the alt mining + exchanging for bitcoin was a better way to acquire many bitcoin faster than simply mining bitcoin
then, many scammers has appeared with many scam coins, and the altscene faded away slowly, now the section is almost dead
it's sad i remember that i had a great fun instamining almost all altcoin of late 2013 and 2014 with a gpu rig
in the past the alt mining + exchanging for bitcoin was a better way to acquire many bitcoin faster than simply mining bitcoin
then, many scammers has appeared with many scam coins, and the altscene faded away slowly, now the section is almost dead
it's sad i remember that i had a great fun instamining almost all altcoin of late 2013 and 2014 with a gpu rig
What are your thoughts /experiences mining not just BTC but other coins and moving in/out a percentage of each with obvious price fluctuations upwards?
Seems logical to mine certain alt coins and trade them to BTC during jumps.
The mathmatecal consideration would be cost to mine BTC during a period and the comparable cost for an alt coin that can be converted to BTC etc.
I plan to start mining with a test pair of S7 soon and hope nextgen 16nm releases will be made available post learning curve to really dive in.
Any experiences sharing is appreciated and valued.
BTW I'm a reasonable fella and know this is a financial risk (so is fiat money) so no need to "overly warn" me.
Regards
Seems logical to mine certain alt coins and trade them to BTC during jumps.
The mathmatecal consideration would be cost to mine BTC during a period and the comparable cost for an alt coin that can be converted to BTC etc.
I plan to start mining with a test pair of S7 soon and hope nextgen 16nm releases will be made available post learning curve to really dive in.
Any experiences sharing is appreciated and valued.
BTW I'm a reasonable fella and know this is a financial risk (so is fiat money) so no need to "overly warn" me.
Regards
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