Bitcoin is a lost cause as far as mining goes, so what alt-coin are you mining (or what do you recommend). Ive been checking dustcoin for the past few weeks and it looks like the profitability of LTC is going down each day, terracoin on the other hand looks to be putting out great rewards. I'm just glad I looked at this before I started building a miner (I don't pay for electricity as a side point). Bytecoin looks sort of promising?
So is mining even a good idea to get into at this point (im doing this as a hobby to)? If so, what coin?
So is mining even a good idea to get into at this point (im doing this as a hobby to)? If so, what coin?
I am in the same boat, looking for a coin for my limited resources. PPC looks to be only for ASIC owners so not viable for a hobby miner and Litecoin difficulty is skyrocketing. Novacoin looks interesting - scrypt, high value on BTC-e, the developer is active on this forum and he just sent me a free coin!
NVC is plagued by its manipulated launch (launched in Russia for a couple days before released in English, premined, and also heavily pumped by those elected few with premine exclusivity). It will never get accepted by principle by the community.
Ya it does appear that the developer made some poor decisions on launch which sucks because it is the only scrypt alternative. Oh well LTC it is then.
. This is not to say that one must fully optimize ,LTC is profitable just running the default the mining software has for your GPU. LTC is also immune from any kind of ASIC manipulation,