New to Mining | Bitcointalksearch.org

crowetic

legendary

Activity: 2282

Merit: 1072

https://crowetic.com | https://qortal.org

Quote from: azguard on August 13, 2014, 05:06:30 PM

Monero will be mime choice, considering price of electricity and price of this coin, at least in my country.

Try to find some coin that have good market price and low diff, also find some coin on market that have good rates or try multipool.

Except for the fact the OP was talking about SCRYPT, and XMR is about as far from SCRYPT as a chicken sandwich.

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Monero will be mime choice, considering price of electricity and price of this coin, at least in my country.

Try to find some coin that have good market price and low diff, also find some coin on market that have good rates or try multipool.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Joestop74 on August 13, 2014, 02:50:30 PM

Thanks for the advice. I've wanted to stay away from pump and dump.
I've been getting some LTC and Doge right now and am ok with that.
Might rent it on a pool so that I can mine when not renting.

LTC and Doge are two good coins on alt's. All personal opinion i think both will go up long term. LTC is more of a for sure thing i think it's just timeline no one knows. Doge i just like so I hope it does well.

Joestop74

newbie

Activity: 17

Merit: 0

Thanks for the advice. I've wanted to stay away from pump and dump.
I've been getting some LTC and Doge right now and am ok with that.
Might rent it on a pool so that I can mine when not renting.

notlist3d

legendary

Activity: 1456

Merit: 1000

With altcoins a lot of it now is pump and dump. (they mine and instantly sell for BTC). You most likely are better off mining a good alt coin and holding in most cases. At current rate it takes a lot of Scrypt power to make compete.

I love Scrypt sadly it is hard to do ROI calculations compared to bitcoin machines.

Best bet is hold and as difficulty goes up your coin's hopefully become worth more. Keep in mind not all altcoins are equal on having a future.

Equate

hero member

Activity: 770

Merit: 500

Mining profitability is too low these days and even chances of instamining are less as new Scrypt coins are not released more or less , so better rent your rig or mine LTC ad hold for months hoping that it may rise as happened last year

Joestop74

newbie

Activity: 17

Merit: 0

Yeah, I thought about renting too...
Might look into that

atsuky

sr. member

Activity: 310

Merit: 250

The way to get more profit is try to mining new alts and try to sell when hit a big market, but in scrypt algo not much coins relased, so you can try to rent your rigs to betarigs or similar webpages or just mine on multipool

Joestop74

newbie

Activity: 17

Merit: 0

For months I've just been doing CPU mining, but now have a couple ASICs.
What do you recommend in altcoin mining?
Multipool? a specific coin? Thanks.

I have a 5.2 Mhs and a 1.3 Mhs miner.

Topic: New to Mining (Read 795 times)