Good answer, I feel it is almost entirely about speculation.
One of the things I'm starting to consider is the mining duration of alt coins. Some coins have been extensively mined in only 6 months, while I read that bitcoin, after 4 years, is only around 50%. This gives the impression that some coins are quick money gimmicks that are mined primarily by their creators.
So, do you guys agree that mining duration is important, and what's supposed to happen when coins like bitcoin or litecoin get completely mined out?
Topic: Mining fastest coins vs most valuable coins (Read 1105 times)
Sure it's smarter if they do go up in value, but that is just speculation. So it's impossible to say for sure.. I do however myself indugle in speculation sometimes, and farm coins that are ranked low on coinwarz and thus usually have a lower difficulty resulting in more coins. Ofcourse I only do this with coins I believe are undervalued, such as Stablecoin with it's unique mixing service. Casinocoin can also potentially explode at some point.
In the end I think it just comes down to personal beliefs and speculations. The best we can do is research each coin and draw our own conclusions.
In the end I think it just comes down to personal beliefs and speculations. The best we can do is research each coin and draw our own conclusions.
I have been mining altcoins solo primarily and tend to avoid multi-mining pools (hashcows being hacked is a good example of why). As this is the case, it makes me wonder if it is worth switching to the most valuable coin at the time or just constantly mining the ones that tend to jump to the most valuable spot on occasion.
For example, netcoin/fastcoin/etc. seem to take the #1 spot a fair amount. Would it not just be smarter to mine those regularly as my hash rate isn't anything incredible, then trade them for BTC when they are at a higher value as opposed to constantly mining the most valuable coin?
For example, netcoin/fastcoin/etc. seem to take the #1 spot a fair amount. Would it not just be smarter to mine those regularly as my hash rate isn't anything incredible, then trade them for BTC when they are at a higher value as opposed to constantly mining the most valuable coin?
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