Two coins for long term mine and HODL

FP91G

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Quote from: Outhue on June 07, 2022, 09:40:51 AM

Quote from: OgNasty on June 06, 2022, 05:39:26 PM

Quote from: VRExpress on April 26, 2022, 02:35:22 AM

If you are given an option to mine 2 different coins for a whole year under free electricity, no payment or bills for that single year and then leave after what coins will you mine with 500MH? 250MH on one and the other 250MH on the second, this doesn't include Ethereum.

For the sake of giving you an answer you want, I would probably choose Monero and Ravencoin. I think Monero has a strong support base and will likely stick around for a while, even if it won't get mouth watering returns promised by some others. Ravencoin I think could benefit greatly if ETH 2.0 comes to pass. It's one of the most profitable GPU minable coins and will likely have a lot of hashrate thrown it's way soon.

Realistically though, I would use a service like Nicehash and get paid out in BTC to hold onto, or if I had to hold and altcoin, it would probably be Ethereum.

Choosing Raven coin is a good idea since it follows BTC in price action just like NEO but mining Ravencoin in a bear market isn't that great because Ravencoin takes more electricity than mining any other coins in the space right now, Ravencoin needs to be profitable like ETH when ETH merge is finally live.

Ravencoin mining heats up graphics cards more than Ethereum mining. And this coin can be mined on video cards with 4 GB of memory. If there are no other alternatives in mining, then maybe I will mine this coin, but for now I'm not sure about it.

OgNasty

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Quote from: Outhue on June 07, 2022, 09:40:51 AM

Quote from: OgNasty on June 06, 2022, 05:39:26 PM

Quote from: VRExpress on April 26, 2022, 02:35:22 AM

If you are given an option to mine 2 different coins for a whole year under free electricity, no payment or bills for that single year and then leave after what coins will you mine with 500MH? 250MH on one and the other 250MH on the second, this doesn't include Ethereum.

For the sake of giving you an answer you want, I would probably choose Monero and Ravencoin. I think Monero has a strong support base and will likely stick around for a while, even if it won't get mouth watering returns promised by some others. Ravencoin I think could benefit greatly if ETH 2.0 comes to pass. It's one of the most profitable GPU minable coins and will likely have a lot of hashrate thrown it's way soon.

Realistically though, I would use a service like Nicehash and get paid out in BTC to hold onto, or if I had to hold and altcoin, it would probably be Ethereum.

Choosing Raven coin is a good idea since it follows BTC in price action just like NEO but mining Ravencoin in a bear market isn't that great because Ravencoin takes more electricity than mining any other coins in the space right now, Ravencoin needs to be profitable like ETH when ETH merge is finally live.

Once it's profitable then that means the price has already skyrocketed (given the coming wave of increased difficulty that will surely hit after the ETH 2.0 migration). By then it will be too late to start building a stack. Sure, if you're mining on Nicehash it doesn't matter, but if you're trying to front run what is coming down the line, you'd need to be buying/mining and holding ravencoin BEFORE the price goes sky high. I wouldn't want to be stacking it once it's profitable, that's when the whales will be wanting to sell. Act like a whale, not their exit liquidity.

Outhue

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Quote from: OgNasty on June 06, 2022, 05:39:26 PM

Quote from: VRExpress on April 26, 2022, 02:35:22 AM

If you are given an option to mine 2 different coins for a whole year under free electricity, no payment or bills for that single year and then leave after what coins will you mine with 500MH? 250MH on one and the other 250MH on the second, this doesn't include Ethereum.

For the sake of giving you an answer you want, I would probably choose Monero and Ravencoin. I think Monero has a strong support base and will likely stick around for a while, even if it won't get mouth watering returns promised by some others. Ravencoin I think could benefit greatly if ETH 2.0 comes to pass. It's one of the most profitable GPU minable coins and will likely have a lot of hashrate thrown it's way soon.

Realistically though, I would use a service like Nicehash and get paid out in BTC to hold onto, or if I had to hold and altcoin, it would probably be Ethereum.

Choosing Raven coin is a good idea since it follows BTC in price action just like NEO but mining Ravencoin in a bear market isn't that great because Ravencoin takes more electricity than mining any other coins in the space right now, Ravencoin needs to be profitable like ETH when ETH merge is finally live.

OgNasty

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Quote from: VRExpress on April 26, 2022, 02:35:22 AM

If you are given an option to mine 2 different coins for a whole year under free electricity, no payment or bills for that single year and then leave after what coins will you mine with 500MH? 250MH on one and the other 250MH on the second, this doesn't include Ethereum.

For the sake of giving you an answer you want, I would probably choose Monero and Ravencoin. I think Monero has a strong support base and will likely stick around for a while, even if it won't get mouth watering returns promised by some others. Ravencoin I think could benefit greatly if ETH 2.0 comes to pass. It's one of the most profitable GPU minable coins and will likely have a lot of hashrate thrown it's way soon.

Realistically though, I would use a service like Nicehash and get paid out in BTC to hold onto, or if I had to hold and altcoin, it would probably be Ethereum.

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: Z390 on June 01, 2022, 01:19:19 AM

Quote from: thugster on May 31, 2022, 02:09:55 PM

RTM(Raptoreum) or TRX(Tirex Network)

These are shit coins, do yourself a favour and go after useful projects, we have Flux, Kadena, Firo, Ergo and others and you are talking about Raptoreum and Tirex Network?/

Kadena

https://www.asicminervalue.com/miners/goldshell/kd5
Manufacturer   Goldshell
Model   KD5
Also known as   KD5 Kadena miner
Release   March 2021
Power   2250W
18Th/s±5%

https://www.asicminervalue.com/miners/goldshell/kd6
Manufacturer   Goldshell
Model   KD6
Also known as   KD6 Kadena miner
Release   April 2022
Power   2630W
29.2Th/s±5%

Asics for this coin is made by one manufacturer. There are many risks and mining on video cards is unprofitable.

swogerino

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Quote from: thugster on May 31, 2022, 02:09:55 PM

RTM(Raptoreum) or TRX(Tirex Network)

I don't think RTM will be a good option nevertheless I use a couple of PC at work and have mined more than 1500 coins,unfortunately I lost 1200 of them as my OS crashed and I didn't had any backup.I surely hope that RTM goes like Monero in price and that would make everyone who is holding it millionaire but I know this is just an illusion as the price is pathetic right now and it doesn't look like it will recover.We have to wait for the next bull run to see how much upside this project can have.I would be happy if it becomes a second Monero,extremely happy to be precise.

For two coins to mine or hold for long term I only have like near 60.000 FUN tokens and only Bitcoin,these are my only choices so far.

Z390

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Quote from: thugster on May 31, 2022, 02:09:55 PM

RTM(Raptoreum) or TRX(Tirex Network)

These are shit coins, do yourself a favour and go after useful projects, we have Flux, Kadena, Firo, Ergo and others and you are talking about Raptoreum and Tirex Network?/

thugster

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Activity: 18

Merit: 0

RTM(Raptoreum) or TRX(Tirex Network)

kinkajou

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Activity: 61

Merit: 2

Quote from: BitKongy on May 31, 2022, 02:52:48 AM

Quote from: adaseb on May 30, 2022, 11:12:25 PM

My advice is to mine ETH and mine whatever else and sell it and hold Bitcoin. These 2 most likely you won’t lose money on.

Most of the alts are not going to make it. Even with free power you are wasting your time mining some coin which one day might go to 0.

Stay with ETH and BTC and you should be fine. Most people will tell you this.

Not like Flux and Ergo, coins like this will always make it, two bear market have happened right in front of my eye and many PoW coins died but if I should start naming the coins you would know that they are shitcoins, some PoW algorithm coins are as good as Monero, why is Monero still alive today? Why is haven protocol still alive today?. There are many altcoins that you can mine since 2018 and they are doing fine, Loki and ETN are another example.

ERG has never endured a bear market, has laughable liquidity and global trading volumes, and owes the entirety of its current success to bull market hype provided by Charles Hoskinson. It's also had FPGAs since basically day 1 so GPU miners are at a disadvantage here relative to projects like FIRO and RVN.

Loki and Electroneum are even worse off. Dead chains with no development. Loki's usecase is just dumb and not suited for blockchain. Why would I want my private messages stored on-chain forever?

Flux and Ravencoin will likely be fine but the former is more a tech company than a cryptocurrency project.

BitKongy

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Quote from: adaseb on May 30, 2022, 11:12:25 PM

My advice is to mine ETH and mine whatever else and sell it and hold Bitcoin. These 2 most likely you won’t lose money on.

Most of the alts are not going to make it. Even with free power you are wasting your time mining some coin which one day might go to 0.

Stay with ETH and BTC and you should be fine. Most people will tell you this.

Not like Flux and Ergo, coins like this will always make it, two bear market have happened right in front of my eye and many PoW coins died but if I should start naming the coins you would know that they are shitcoins, some PoW algorithm coins are as good as Monero, why is Monero still alive today? Why is haven protocol still alive today?. There are many altcoins that you can mine since 2018 and they are doing fine, Loki and ETN are another example.

adaseb

legendary

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My advice is to mine ETH and mine whatever else and sell it and hold Bitcoin. These 2 most likely you won’t lose money on.

Most of the alts are not going to make it. Even with free power you are wasting your time mining some coin which one day might go to 0.

Stay with ETH and BTC and you should be fine. Most people will tell you this.

MinerPath

newbie

Activity: 76

Merit: 0

Quote from: Pterosaur on April 27, 2022, 06:43:58 AM

If someone gives you free access to mine in their garage for a year with zero electricity fee that doesn't mean you should start mining any coin you feel like you should hold, the best thing to do is mine the most profitable coin at the moment, sell it for other coins you want to hold for the long term.

The above is true.

But if the question is which 2 coins to invest in, those would probably be CHZ and ICP. Although SOL and HNT look very promising as well. And ENS Cheesy

Coinfarm ventures

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Activity: 182

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Quote from: FP91G on May 18, 2022, 08:20:41 AM

Beginner miners always learn from losses. I also did not listen to the advice of experienced miners before, and mine shitcoins. The price of shitcoins may fall by more than 85% and not rise for many years, or the project may be closed.

I don't think there's anything wrong with dedicating a rig for speculation that aren't listed on exchanges, as long as you accept making no revenue with that rig.

Other than that, the lesson I learned was to buy much more video cards when the price is below MSRP, and buy much less during a gold rush. I should mine through a bear market, sell enough coins to cover operating expenses, then HODL the rest in anticipation of a gold rush. If there's a profit during that bear market, I should contribute the cash value to a Solo 401(k) on a Roth basis. When the bull market arrives again, I can put the profit into the 401(k) on a pre-tax basis, then borrow against it when the bear cycle starts again in order to build more rigs.

Also, you should always mine the most profitable coin and sell it to buy the coins you like. This is why only half my rigs mine ETH at the moment. Minerstat has a good profit-switching feature (which is really a difficulty switcher). It's surprising how much difficulty for coins like ERG, FLUX, XEQ, or SERO can rise/fall every day. The 'averages' on WTM are irrelevant.

FP91G

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Quote from: sxemini on May 16, 2022, 05:56:14 AM

Quote from: ZeeeN on April 26, 2022, 02:58:58 PM

i choose TON and FLUX

Ton is over in 30 days

Beginner miners always learn from losses. I also did not listen to the advice of experienced miners before, and mine shitcoins. The price of shitcoins may fall by more than 85% and not rise for many years, or the project may be closed.

sxemini

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Quote from: ZeeeN on April 26, 2022, 02:58:58 PM

i choose TON and FLUX

Ton is over in 30 days

devil2man

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There are much alternatives to eth, well having to choose two i would say aion + equilibria or ergo + raven but the combinations are infinite

Pterosaur

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If someone gives you free access to mine in their garage for a year with zero electricity fee that doesn't mean you should start mining any coin you feel like you should hold, the best thing to do is mine the most profitable coin at the moment, sell it for other coins you want to hold for the long term.

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: VRExpress on April 26, 2022, 02:35:22 AM

If you are given an option to mine 2 different coins for a whole year under free electricity, no payment or bills for that single year and then leave after what coins will you mine with 500MH? 250MH on one and the other 250MH on the second, this doesn't include Ethereum.

It seems to me that these are very stupid conditions.
I will always mine the most profitable coin and then I will sell it and buy ZANO, SERO, ETC, FLUX... if I need it. Why do you limit yourself to stupid conditions in mining?

5W-KILO

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Moon.win

FLUX looks more interesting at this point more than Sero and Zano, also it's best to mine the most profitable coin and later exchange for the coins you tend to keep for long term, I want me some Flux, ETC, and Conflux.

ZeeeN

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Merit: 3

i choose TON and FLUX

Topic: Two coins for long term mine and HODL (Read 483 times)