Mining is profitable if you steal electricity dude. Nowadays, mining is for farms somewhere in China or Mongolia with cheap electricity because of its huge rivers.
If you are small-time miners you can only profit if you pick small market cap coins, accumulate, and sell it when pump.
Topic: The Altcoins that's very profitable in Trading and Mining. (Read 142 times)
If you know how to do research very well I suggest going for fresh coins, they have low Mining difficulties, mining for just few days will net you high quantities of the coins, be advice that many new coins are scam which is why you need to DYOR.
Ethereum mining is still bit better fo those with cheap electricity bill or free electricity, you can also trade with ethereum too but mind you your strategies in trading is what will fetch you profits
Presently there is no single coin that's profitable in mining, grab yourself a nice mining calculator and do the math yourself, the 90% reward will be on electricity cost for sure, mining business is only reasonable for those who have free electricity or very rich
I think it is still profitable to mine, but the profits will not be as much as before because the prices of the altcoins have collapsed too much. If mining did not make a profit then all miners would stop working and the blockchain network would be disrupted
Among altcoins, ETH remains the best for profit mining, because it has a high value and a high trading volume.
When trading, if we talk about profitability, it is directly proportional to the possible profit. Thus, any of the currencies you have listed have enormous potential, so they are all profitable. You just have to speculate on price reductions and invest at the right time.
When trading, if we talk about profitability, it is directly proportional to the possible profit. Thus, any of the currencies you have listed have enormous potential, so they are all profitable. You just have to speculate on price reductions and invest at the right time.
There are only two coins that win the mining space since 2018 and till date they still top others, this coins are ethereum and Monero, I don't use altcoin for trading probably because they are too risky? Bitcoin is the best one for trading not altcoins
What do you mean by too risky?
Is it based on volatility of altcoins or the the block chains have some elements that made them to be too risky.
If you can shed more light, it'll be fine.
The majority of people don't want to mine alts because it has quite a few blocks to process and therefore affects their profits. To mine for profit, you need to choose coins that have high transaction volume and value. such as Bitcoin, Ethereum, ETC. In addition, other alts often do not bring the expected profits and sometimes we have to suffer losses. So be wise in choosing good digging packages, or you will suffer very heavy losses.
I understand that altcoins are less difficult to line than bitcoins. Its because of the higher probability of success in mining alts that's why people prefer them over bitcoin mining.
I believe this is opposite what your comment means.
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Trading as nothing to do with quality of the coin or token, though Volumes and Liquidity is a must, earning from trading depends on your skills
And about mining just forget it unless your can afford thousands of dollars to build green electricity like solar energy and start buying asic miners or multiple GPU to mine, free electricity is the only answer to mining profits
And about mining just forget it unless your can afford thousands of dollars to build green electricity like solar energy and start buying asic miners or multiple GPU to mine, free electricity is the only answer to mining profits
Very profitable in mining?? it depends on the location where you are mining whether you will mine Bitcoin or altcoin. Profit in mining depends on the fixed expenses that you must pay.
Very profitable in trading?? it depends on how good are you in trading. All of the altcoins or most of the altcoins are profitable if they have enough liquidity on the exchange and you are good in trading.
I'd disagree that all of the altcoins you mentioned are very profitable. Maybe it will be profitable to some and it is because their fixed expenses is lower than those who are mining in other places. You want to hold some of these altcoins?? Better buy them than mining it
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Very profitable in trading?? it depends on how good are you in trading. All of the altcoins or most of the altcoins are profitable if they have enough liquidity on the exchange and you are good in trading.
I'd disagree that all of the altcoins you mentioned are very profitable. Maybe it will be profitable to some and it is because their fixed expenses is lower than those who are mining in other places. You want to hold some of these altcoins?? Better buy them than mining it
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The coins you listed aren't profitable when mining, the only option left for small time miners and mining rigs is to find new POW coin with high quality use case, this is the only way you will land in big profit from mining, lucky are those who mined Haven Protocol and Loki when they are released, I knew this coins since 2018 and they still have good value till today
Haven Protocol is now 0.28$
Loki is now 0.48$
Remember, use case is more important here, I remember electroneum too, which was minable when released, I was able to mine 25,000 pieces which I sold for 950$
Haven Protocol is now 0.28$
Loki is now 0.48$
Remember, use case is more important here, I remember electroneum too, which was minable when released, I was able to mine 25,000 pieces which I sold for 950$
Mining is for those who can afford to invest good amount into mining rigs and have free electricity. Mining is no more profitable as the cost of maintaining a rig is higher to the number of cryptocurrency you will earn.
The above list is good for holding for long term and not for day trading. If you want to trade then gom for cryptocurrency listed form 101 onwards on CMC. Here you will find projects that have a high volume and the price also less.
The above list is good for holding for long term and not for day trading. If you want to trade then gom for cryptocurrency listed form 101 onwards on CMC. Here you will find projects that have a high volume and the price also less.
From the list above, indeed most of them are coins with large marketcap values and are actively traded on exchangers with large transaction volumes. Coins with large transaction volume will create attractive price movements and I think coins like this are good for trading if we have good skills
Presently there is no single coin that's profitable in mining, grab yourself a nice mining calculator and do the math yourself, the 90% reward will be on electricity cost for sure, mining business is only reasonable for those who have free electricity or very rich
If you are asking for the profitability in trading and the anwer must be a coin with a lot of liquidity.
When it comes to the mining and a coin with a lot of demand will have so many miners that mine it like ether or monero and that will give less profit.
I think you have known the answer for the last question.
When it comes to the mining and a coin with a lot of demand will have so many miners that mine it like ether or monero and that will give less profit.
I think you have known the answer for the last question.
Mining is for those who can afford to invest good amount into mining rigs and have free electricity. Mining is no more profitable as the cost of maintaining a rig is higher to the number of cryptocurrency you will earn.
The above list is good for holding for long term and not for day trading. If you want to trade then gom for cryptocurrency listed form 101 onwards on CMC. Here you will find projects that have a high volume and the price also less.
The above list is good for holding for long term and not for day trading. If you want to trade then gom for cryptocurrency listed form 101 onwards on CMC. Here you will find projects that have a high volume and the price also less.
From the list I go for Monero, Zcash and Ethereum, because not only are they good for trading owing to their prominent nature but also for mining. In my own understanding, one of the things that affects mining is the tools and cost of energy, especially energy is a deciding factor when profit comes to play which is also one of the reasons why most people don't mine again, since a good chunk of their earnings or profits goes back to paying energy bills.
The low difficulty comes to the altcoins that are not very popular. They have the lowest and they can be mined easily because there are a few miners that mines that coin. An altcoin that is profitable? I don't have most of them but I'd say that it's Ethereum.
If the time of PoS comes, it's going to be very profitable to those that hold the required minimum stake amount because it will be a passive income.
If the time of PoS comes, it's going to be very profitable to those that hold the required minimum stake amount because it will be a passive income.
In terms of mining, "very profitable" I would say none in the space. Why? Because if a coin is very profitable everyone will jump in and will be no more.
As for the trading, here is another discussion. All coins are profitable if you get in when everyone is selling, most recent example is the dip of mid March. Even now you can make some profits if you buy in and hold for mid term (6 months to 1 year).
As for the trading, here is another discussion. All coins are profitable if you get in when everyone is selling, most recent example is the dip of mid March. Even now you can make some profits if you buy in and hold for mid term (6 months to 1 year).
Bitcoin and Ethereum are the best for trading. But there will be one more big train this summer and it's called Polis. Right now it's at a extremely low price, but once the Olympus Protocol will be released we will see this coin in top 25. And it's extremely easy to mine.
https://coinmarketcap.com/currencies/polis/
Always do your own research if you don't want to miss the next big train!
https://coinmarketcap.com/currencies/polis/
Always do your own research if you don't want to miss the next big train!
The majority of people don't want to mine alts because it has quite a few blocks to process and therefore affects their profits. To mine for profit, you need to choose coins that have high transaction volume and value. such as Bitcoin, Ethereum, ETC. In addition, other alts often do not bring the expected profits and sometimes we have to suffer losses. So be wise in choosing good digging packages, or you will suffer very heavy losses.
There are only two coins that win the mining space since 2018 and till date they still top others, this coins are ethereum and Monero, I don't use altcoin for trading probably because they are too risky? Bitcoin is the best one for trading not altcoins
Altcoins are digital currencies that are modeled like the Bitcoin, which is the first cryptocurrency.
While Bitcoin is decentralized some altcoins are stablecoin , centralised and decentralized also.
We have the following altcoins such as;
* Ethereum
* Zcash
* Bitcoin Cash.
* Bitcoin Gold
* Monero
* Litecoin
* Stella
* Dodge
* Dash
* and others.
Which of these altcoins can we say has high profitability when trading?
Which of these altcoins has high profitability and low difficulty when it comes to mining?
When it comes to liquidation of altcoins, which can we say is very liquid?
While Bitcoin is decentralized some altcoins are stablecoin , centralised and decentralized also.
We have the following altcoins such as;
* Ethereum
* Zcash
* Bitcoin Cash.
* Bitcoin Gold
* Monero
* Litecoin
* Stella
* Dodge
* Dash
* and others.
Which of these altcoins can we say has high profitability when trading?
Which of these altcoins has high profitability and low difficulty when it comes to mining?
When it comes to liquidation of altcoins, which can we say is very liquid?
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