Topic: Which altcoin are you mining? (Read 511 times)

æternity. This is a short video explains how to do this: https://www.youtube.com/watch?v=E__BSAV9PaE&feature=emb_logo

æternity. In general, mining options depends on what hardware you have and electricity costs in your location.

This is a link from the æternity official twitter account whit a tutorial to mine in pool2miners https://twitter.com/aeternity/status/1215536319486709760 maybe can help you if you are interested.

This really depends on what hardware you already have, as well your budget and electricity costs.

Here are two guides that you may find useful as a beginner:

https://bitcoinminingsoftware2019.com/bitcoin-mining-beginners-guide/

and

https://bitcoinminingsoftware2019.com/what-is-cryptocurrency-mining-crypto-mining-101/

I think it is pretty easy to find what is profitable and how much cost you have to pay for the hardware because there are a lot of sites where you can easily find accurate information, but personally I feel that GPU mining is still a thing and there are a lot of good projects which are just rising up their heads.
 I'm currently mining RYO, I have both AMD and Nvidia cards in my Rigs and it is working fine on both almost at the same speed. Prices are low yet and difficulty is also low so it is golden time to mine to mine this type of solid projects. I would recommend you to do your own research first and also when you are finally going to start give Ryoucrrency a try.

it cannot be determined based on advice from others,but depends on what and how you mine and availability of you electricity plus where you are located

I'm mining Monero with CPU's, it is going great. If you also want to mine monero then do it with a free and best mining software XMR-STAK-RX, it has no dev fee or any other hidden fees.

BFC, ETH on GPU. Riecoin on CPU

Tecracoin

eth and arrow

bfc is scam aswell

Cruzbit is a completely organic project (no organized marketing, 100% community driven, etcetera). The community is growing at a steady pace, and has gotten enough attention to have it's own conspiracy theories about its anonymous developer. The blockchain is GPU mineable.
https://cruzb.it

Avoid BBC it is a scam!!!

https://bitcointalk.org/index.php?topic=5209628.60

1. Find out what's your electricity price.
2. You have to tell us if you want to invest in hardware or you are expecting to just mine with your current computer.
2a. If you want to use current computer, the config is important.
2b. If you want to invest, a budget may be important.
3. Ask more precisely what you want to know.

From what I know ETH, GRIN or XMR are good choices. XMR for CPU, especially if you have Ryzen.
Keep in mind that you may have to have a bit of knowledge in computer hardware if you want to build your mining rigs.

start mine dyor with cpu, best you can find

 me grin eth bfc bbc

FPGA is not recommended for newbie it will end up to your FPGA die too early without knowledge of how to keep your FPGA cool.

ASIC is plug and play you just need to set up your pool configuration it would be a good start but it is not recommended on the place or country that have expensive electricity cost.

GPU need some basic knowledge to set and build and configure the miner.

CPU is same as GPU but you can start on this without GPU it is better to learn first on CPU mining before you go on higher specs and higher machines. So that you don't need to spend from start to learn.

if you have a good pc then you can start by using your cpu and gpu to mine some coins
this will get you a basic experience for mining
use nicehash first as it will be easier to use and you will get an idea as to what you have to expect

The main factor to perform an analysis: what is the cost of KWh?

Well... This is a very difficult question that depends on many local factors: your budget; your level of knowledge; your power price; the existance of a suitable mining room; the level of risk you're willing to take; wether or not you have spare "hardware" laying around (shelves, A/C, PSU's, cables, switches,...). There is no general answer.

There is an ASIC available for most (but not all) algo's that can be linked to the most stable crypto's, so if your power price is low and your budget is high, mining an established coin with a new asic might be more "stable". I think most mining farm owners that mine for a living (not as a hobby) are running ASIC farms nowadays...

CPU/GPU mining is mostly for newer coins whose network has a low hashrate and using a POW algo that isn't used by any of the "established" coins. If you mine these coins, you'll usually end up as a bag holder of worthless coins, altough there are some exeptions. Even if you CPU/GPU mine a new altcoin and hope it'll become a big hit, you're usually better off buying the new coin from an exchange when it's still cheap instead of CPU/GPU mining...

If you want to learn, CPU/GPU mining should be fine... Maybe even mine on the testnet? If you want to mine for a living, i'd start by calculating if mining can actually be profitable in your specific situation (hint: for a lot of people, mining profitably isn't achievable)

Asic is very costly for a starter, it's better to start with CPU and GPU from there you will gain experience as well, would have been better if you add how much you are willing to spend on a mining rig