Smart mining | Bitcointalksearch.org

masterrex

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Quote from: Doranile432 on May 09, 2020, 02:03:44 AM

Once upon a time you can earn over 20 Bitcoin mining with Pentium 4 Computer, it's always same thing with every new coin, who says mining is not profitable anymore? All you have to do is apply wisdom, every new coin always have low mining difficulty at the beginning, it was same thing with Ethereum, litecoin, dash etc

Find new coins to mine and you will quickly get your own quantities on your wallet, all you need is good research, believe me many are scam, it carries same risks as ICO and IEO

Yes, it's true but that was before as the time passing by Bitcoin mining difficulty is increasing so fast that small-time miners won't catch up. So It is better to look into other alternatives like those new coins to mine, I think there are some promising projects out there like Tecra coin TCR coins are mineable too. The Tecra project is a science base project promoting the use of "Graphene Technology" for daily use. so it's a real deal with a purpose.

passwordnow

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Quote from: Kvalentine on May 09, 2020, 02:38:46 AM

This can make sense If you have free electricity, if I have to decide mining new coins again I would spend lots of time on them trying to figure out if the coin will survive or have what it takes

Exactly. You need to research first if that coin is worth it for your time and electricity. But if you are a guy who likes to take risks and you're just ok with the consequences, positive or negative, this can be a one-time big time hit for you if ever the coin you have chose to mine goes big.

Quote from: Mighty_crypt on May 09, 2020, 02:32:16 AM

You have a point but it's still very risky because most Proof of work coins are nonsense today, I enjoyed mining coins like electroneum, sumo coin, conceal, and safex token, they are very profitable

Risky as it is that's why it's not for everyone and only to those that understands the risk that it gives.

Kvalentine

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This can make sense If you have free electricity, if I have to decide mining new coins again I would spend lots of time on them trying to figure out if the coin will survive or have what it takes

Kvalentine

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This is more risky because the coin you choose can die few weeks later, I used to be obsessed with this trick back in the days but I was lucky to make profits out of Loki and haven because they look so promising that I couldn't get my eye off them, only 2% survived out if 10% new coins I mined back in 2018

Mighty_crypt

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You have a point but it's still very risky because most Proof of work coins are nonsense today, I enjoyed mining coins like electroneum, sumo coin, conceal, and safex token, they are very profitable

passwordnow

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Right. The new coins does have a very low difficulty and you can mine as many as you can but don't expect that the return will be quick and it's not yet lucrative unless it's traded and becomes listed to exchanges. The risk is high and the time and electricity that you have allocated for a coin will be wasted if the coin you have chosen to mine isn't worth it. That's the reason why op said that you have to make your own research which new coins to mine.

leyton11

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Quote from: Doranile432 on May 09, 2020, 02:03:44 AM

Once upon a time you can earn over 20 Bitcoin mining with Pentium 4 Computer, it's always same thing with every new coin, who says mining is not profitable anymore? All you have to do is apply wisdom, every new coin always have low mining difficulty at the beginning, it was same thing with Ethereum, litecoin, dash etc

Find new coins to mine and you will quickly get your own quantities on your wallet, all you need is good research, believe me many are scam, it carries same risks as ICO and IEO

I know that, but finding a good project is difficult. Most of the new projects are listed on shit exchange, low volume and it's really hard to expect something big. But I know a great project and it's been pretty hot these days. BTCV is having a great mining program and its price has increased from $ 8 to $ 125 within a few months. When the peach pack becomes spacious and that's when it gets strong fomo. You should try your luck with mining BTCV, maybe you will be rich.

Tipstar

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But every new coins are not going to be bitcoin or ethereum. Mineable coins has became near saturated as people are trying to achieve more efficient way of verifying the transactions. Ethereum's move to POS also signifies the need of move to cleaner methods of verifying the transaction an securing the blockchain.
The new generation of coins should focus on green mining as the POW of old coins are considered one of their largest cons.

Doranile432

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Once upon a time you can earn over 20 Bitcoin mining with Pentium 4 Computer, it's always same thing with every new coin, who says mining is not profitable anymore? All you have to do is apply wisdom, every new coin always have low mining difficulty at the beginning, it was same thing with Ethereum, litecoin, dash etc

Find new coins to mine and you will quickly get your own quantities on your wallet, all you need is good research, believe me many are scam, it carries same risks as ICO and IEO

Topic: Smart mining (Read 121 times)