Hey miners,
I want to know that Which altcoin mining more profitable?
I heard one of my brother now less profitable ETH mining. Reason, ETH price below $1000.
So, I am so curious to know which coin is better for mining now?
Thanks in advance.
When I entered in this crypto world I would liked someone to told me this:
1.- Try to mine coins that are ASIC resistant I like the ones that have cryptonight algorithm and cryptonote protocol, but decide for a coin that their difficult is not big, this decision will allowed you to have more coins, to me if a mining process do not give at least 1 unit of a coin per day, is not worth it.
Why ASIC resistant, for this machines have high cost and in a very low time they are useless, use this ones only if you know how to configure them correctly and they can arrive in proper time.
Why cryptonight, for you can mine it with a regular PC or even a one GPU and get some profits. Even though right now exist some ASIC for this algorithm but that is other history, for almost all the cryptonight coins have alredy fork.
2.- Take some time to create a wallet of different coins and have a miner ready to mine.
3.- Find a place where you can sell them in an easy way. It has to be a place that at least have 1 btc in the buy and sell orders per day of the coin you are looking
4.- Look for new projects, for them will have a low difficulty to mine, as soon you found them more coins you will have
5.- Keep these coins as long as your emotional intelligence allow you to do it.
6.- If you do not find a new project enter to
https://www.cryptunit.com/ an point your miners to the most profitable one. However, remember this advice, sometimes the value in each trade platform is very different to the one showed in scorecards pages.