mining low difficulty coins | Bitcointalksearch.org

superstarbtc

jr. member

Activity: 378

Merit: 3

Quote from: TopT3ns on June 09, 2019, 11:34:14 AM

Quote from: TheHas on June 08, 2019, 06:09:47 PM

Quote from: CryptoKush on June 03, 2019, 04:55:45 PM

If you plan to mine a coin with low complexity, then you should study this coin well and whether it has a development perspective. Small coins may die.

Small coins usually do die. Its pretty much a gamble.

There is a reason these coins are low difficulty, and its either because they are new, have no following or offer nothing special.

I've gotten lucky on a couple but most haven't worked out.

Some of my friends usually do that. I am casually not really deep in mining but always see their progress. like what you said, when new coin that they mined is good, can make big profit. But if not, it has no value.

Yes, low difficulty coins are completely waste for mining because we don't know how far they will show their potential in developments. If they are very active in developments will help the coin to increase its value that's why we should always research before mining any coin whether it is new or old.

Temido2222

jr. member

Activity: 68

Merit: 2

Veil difficulty has been going up, I'm only getting 9mh/s on my 1070. Hope this pays off, I switched from Grin to this.

evenotto

member

Activity: 672

Merit: 12

Quote from: ivan1975 on June 12, 2019, 03:05:36 PM

I agree, now the difficulty of mining Veil is quite low.
When the price rises significantly, it will be too late.
Catch this moment.

I absolutely agree - now it has become much easier. People who have gone from mining veil do not understand what they are losing. Thanks to them for making money in a long-term investment, hehe.

viljy

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Activity: 1736

Merit: 857

Quote from: Lucasgabd on June 12, 2019, 12:59:48 PM

Quote from: viljy on June 10, 2019, 01:10:37 PM

Coins that have a low difficulty a month after the launch are definitely already dead.

have you considered that bitcoin started with low difficult?

I agree that most of the new launches will end up dead.
but some will suceed.

When bitcoin appeared, there was not even a concept of high and low levels of difficulty. If other coins, such as litecoin, monero and ethereum, were launched at the same time as bitcoin, what would happen then? What coin would die?

ivan1975

legendary

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I agree, now the difficulty of mining Veil is quite low.
When the price rises significantly, it will be too late.
Catch this moment.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: viljy on June 10, 2019, 01:10:37 PM

Coins that have a low difficulty a month after the launch are definitely already dead.

have you considered that bitcoin started with low difficult?

I agree that most of the new launches will end up dead.
but some will suceed.

Iykecollinz

copper member

Activity: 294

Merit: 1

I think veil is still a low difficulty coin to mine, quite a number of them I have come across, though the profitability of mining such coins should be of importance, should not bother about coins listed on a single, weak and low volume exchange, a lot of persons may be dumping on that particular exchange and fine your energy wasted after a whole period of mining

dentolas

member

Activity: 854

Merit: 12

arcs-chain.com

The key for this is hours and hours of research... Grin

I also follow crypto-sieve, an experimental free project in which they have a 1050Ti rig working for low dif. coins, and they make regular mining reports / newsletters... they also have a discord in which you can get their insight... worth to check
most of these coins die, but some get 10-100x, making it all worth

cryptomaxsun

legendary

Activity: 2744

Merit: 1387

Ukrainians will resist

Never mining one coin for a long time, diversify.
Many coins seem promising, they have their own design, ideas, community.
For example, Ether1, Nilu, Akroma, Atheios.
But over time, the price only decreases, and what we mining and not sold, now costs much cheaper, and there is a risk that the price will never reach the previous level.

poodle63

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Quote from: jacafbiz on June 09, 2019, 01:25:13 PM

Quote from: TheHas on June 08, 2019, 06:09:47 PM

Quote from: CryptoKush on June 03, 2019, 04:55:45 PM

If you plan to mine a coin with low complexity, then you should study this coin well and whether it has a development perspective. Small coins may die.

Small coins usually do die. Its pretty much a gamble.

There is a reason these coins are low difficulty, and its either because they are new, have no following or offer nothing special.

I've gotten lucky on a couple but most haven't worked out.

I do agree with you that most of theses small coins are likely to die, I don't see reason why he is looking for almost to die coins, we are likely going to see waves of delisting this year and most of these coins are going to be on the list, go with the winning coins, it will worth it long run because the risk is very low

If they were listed on a big exchange and they will be instantly delisted from there but remember most of those small coins are listed on the crap exchange and they will never be delisted until there was a verified scam accusation for that shitcoin.
Waves of delisting will not happen.

Temido2222

jr. member

Activity: 68

Merit: 2

I mine Veil. It looks like it has potential, and I only have one GPU. Makes sense for me to mine it and hold until it becomes worth something.

starkovblue

sr. member

Activity: 980

Merit: 270

It would not be funny that it sounded but it is a reality. Nobody gives money from helicopters. If somewhere something goes cheap, then there is a reason for it.

viljy

hero member

Activity: 1736

Merit: 857

Coins that have a low difficulty a month after the launch are definitely already dead.

thefaucetrunner

sr. member

Activity: 714

Merit: 250

Defend Bitcoin and its PoW: bitcoincleanup.com

this is my opinion to start mining low difficulty coin which can return you enough profit in the future; just try veil from now on, befor its become difficult to mine...the ggod thing is you can mine veil with very low cost with a huge potential. my second option are Stex, its very simple to mine it, but it is very good concept comes with promising value too.

Kasperiko

sr. member

Activity: 924

Merit: 255

Nothing is free. The fact that it is easy to beckon is always worth less and has low liquidity. So you can end up with a bunch of shit that can’t be sold.

jacafbiz

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Activity: 2128

Merit: 530

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Quote from: TheHas on June 08, 2019, 06:09:47 PM

Quote from: CryptoKush on June 03, 2019, 04:55:45 PM

If you plan to mine a coin with low complexity, then you should study this coin well and whether it has a development perspective. Small coins may die.

Small coins usually do die. Its pretty much a gamble.

There is a reason these coins are low difficulty, and its either because they are new, have no following or offer nothing special.

I've gotten lucky on a couple but most haven't worked out.

I do agree with you that most of theses small coins are likely to die, I don't see reason why he is looking for almost to die coins, we are likely going to see waves of delisting this year and most of these coins are going to be on the list, go with the winning coins, it will worth it long run because the risk is very low

TopT3ns

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Activity: 2548

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Quote from: TheHas on June 08, 2019, 06:09:47 PM

Quote from: CryptoKush on June 03, 2019, 04:55:45 PM

If you plan to mine a coin with low complexity, then you should study this coin well and whether it has a development perspective. Small coins may die.

Small coins usually do die. Its pretty much a gamble.

There is a reason these coins are low difficulty, and its either because they are new, have no following or offer nothing special.

I've gotten lucky on a couple but most haven't worked out.

Some of my friends usually do that. I am casually not really deep in mining but always see their progress. like what you said, when new coin that they mined is good, can make big profit. But if not, it has no value.

TheHas

full member

Activity: 616

Merit: 167

Quote from: CryptoKush on June 03, 2019, 04:55:45 PM

If you plan to mine a coin with low complexity, then you should study this coin well and whether it has a development perspective. Small coins may die.

Small coins usually do die. Its pretty much a gamble.

There is a reason these coins are low difficulty, and its either because they are new, have no following or offer nothing special.

I've gotten lucky on a couple but most haven't worked out.

Christinebeauty

copper member

Activity: 420

Merit: 2

Most people are not interested in mining these new coins because they are not able to make enough profits from them. But one advantage is that, they are less difficult to mine and does not require powerful computers to mine. Veil is quite young but its already listed on decent exchanges and the price too is quite encouraging. You can give it a try

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: cryptomaxsun on June 08, 2019, 05:07:43 AM

Quote from: asriloni on June 05, 2019, 06:33:02 AM

Quote from: cryptomaxsun on June 03, 2019, 08:58:33 AM

The problem of mining coins with low difficulty is that these are often new coins that are not even traded on the exchange, or there is a little-known on the exchange, small trading volumes and a low price.
What makes you doubt the profitability of mining.
Not all coins make a profit this way, but you can earn some money quite well.

I strongly disagree about that, before a miner decide to mine it and he has been doing research to determine the risk that he will face it. Remember there are two choices and when you wanna mine promising coin and you should put more money to buy more rig and when you have not enough money and then your only choice to bet on the unpopular coin. But there was a lot of medium coin with enough volume these days.

How do you know which coin will be promising?
Remember how ethereum 4 years ago were selling for 1 dollar.
Is it a promising coin?
No one knows which coin will have a good price in 1 or 3 months, let alone 1 or 2 years.

I remember when the first time that ethereum was created by vitalik and the team, so many bitcoiners had blamed it as shitcoin. They always did it anytime.
But a proper development progress can determine if that was a good coin or not. And ethereum being a big platform due to the success on its development progress to change crypto perspective till this time.

Topic: mining low difficulty coins (Read 11781 times)