Which altcoins are good to mine at the moment

hd49728

legendary

Activity: 2044

Merit: 1018

Quote from: rdluffy on February 16, 2020, 08:15:03 AM

There was a time that I had 25 GPUs and 4 CPUs mining and I pointed mostly on ETH and Zcash, it was more profitable, but I always put 1 card only to mine unknown coins, you see, only 1 card of my 30, so it's nothing risky, and I mined that coin for 2 weeks, and them I put on a wallet and holded mostly of them
It's an interesting approach, but for rule, it's always best to mine for profits at the moment (excluding people that are engaged to some projects and want's to support the network of that coin)

You made a wise mining approach. Even you configured your rigs to mine unknown coin, you did not all-in mine that coin. And the risk-acceptance percentage of your approach is small. Maybe, the coin you mine has zero value at the end, you won't lose anything because you already get profits from the rest 29 cards, that much more than what you lost with one card dedicated for that unknown coin.

Don't all-in take risks is a vital key of investments and mining as well.

rdluffy

legendary

Activity: 2226

Merit: 1304

Quote from: hd49728 on February 16, 2020, 12:24:47 AM

Quote from: rdluffy on February 15, 2020, 09:40:31 PM

I respect your opinion, but it's better to buy the coins directly if you´re going to bet, waiting to price rises
If you like some coin, you can mine the most profitable at the moment, and then buy the coin you want directly, this is more profitable

Mining coins when the market is in bearish phase and hope that price will skyrocket is something like the pain in the ass, Nothing more. Don't hope too much that price will skyrocket because in reality price might decrease to zero and you have to pay mining fees monthly.

Quote

Unless if you have a lot of rigs, in this case you can point some cards to mine unknown coins

It is a kind of very risky investment, from mining. Mining unknown coins contain more risks than opportunities. So if one miner does not have spare funds (from profits earn from crypto investment), he should not take risks like that. Anyway, your approach is one of good approach for risk-accepted miners.

There was a time that I had 25 GPUs and 4 CPUs mining and I pointed mostly on ETH and Zcash, it was more profitable, but I always put 1 card only to mine unknown coins, you see, only 1 card of my 30, so it's nothing risky, and I mined that coin for 2 weeks, and them I put on a wallet and holded mostly of them
It's an interesting approach, but for rule, it's always best to mine for profits at the moment (excluding people that are engaged to some projects and want's to support the network of that coin)

hd49728

legendary

Activity: 2044

Merit: 1018

Quote from: rdluffy on February 15, 2020, 09:40:31 PM

I respect your opinion, but it's better to buy the coins directly if you´re going to bet, waiting to price rises
If you like some coin, you can mine the most profitable at the moment, and then buy the coin you want directly, this is more profitable

Mining coins when the market is in bearish phase and hope that price will skyrocket is something like the pain in the ass, Nothing more. Don't hope too much that price will skyrocket because in reality price might decrease to zero and you have to pay mining fees monthly.

Quote

Unless if you have a lot of rigs, in this case you can point some cards to mine unknown coins

It is a kind of very risky investment, from mining. Mining unknown coins contain more risks than opportunities. So if one miner does not have spare funds (from profits earn from crypto investment), he should not take risks like that. Anyway, your approach is one of good approach for risk-accepted miners.

rdluffy

legendary

Activity: 2226

Merit: 1304

Quote from: Coinluminary on February 15, 2020, 03:06:12 PM

Coins with low-difficulty and higher growth chances, Check out Ryocurrency(RYO), not all algorithms are good for 4GB card but in Cryptonight-GPU things are different because it is core dependent mining algorithm means it doesn't concern about GPU memory, it can be mined with low-memory cards. Give it a try and you will see the results.

I respect your opinion, but it's better to buy the coins directly if you´re going to bet, waiting to price rises
If you like some coin, you can mine the most profitable at the moment, and then buy the coin you want directly, this is more profitable

Unless if you have a lot of rigs, in this case you can point some cards to mine unknown coins

ZeeeN

jr. member

Activity: 297

Merit: 3

ETH OR ETC it up to you.

mine and HODL until price skyrocket.

Coinluminary

newbie

Activity: 24

Merit: 0

Coins with low-difficulty and higher growth chances, Check out Ryocurrency(RYO), not all algorithms are good for 4GB card but in Cryptonight-GPU things are different because it is core dependent mining algorithm means it doesn't concern about GPU memory, it can be mined with low-memory cards. Give it a try and you will see the results.

rdluffy

legendary

Activity: 2226

Merit: 1304

With these cards I would do ETH again and again Grin

Just consider what adaseb told you about the dag size, but I think within a few hours you can install everything and run

If you don't want to do some work, put nicehash and let mine and receive in BTC, without any problem

hd49728

legendary

Activity: 2044

Merit: 1018

Quote from: adaseb on February 15, 2020, 12:50:39 AM

https://whattomine.com/

Select 570 and put in quantity 1 and have a look. Basically ETH is the most profitable right now. Ignore Electronero, its too low liquidity and most likely price will change tomorrow.

Thank you. I mined Electronero when it was born and honestly that coin was shit. Their developers forked and swapped their coins multiple times for stupid reasons. Mining it is too risky and it is very difficult to get power fees back, not mention about profits.

Quote

Since your cards are 4GB you will have issues with Windows 10, basically the DAG is too large. You will need to either get 1 GPU per rig with 8GB, or use Windows 7, or use Linux. No other solution at the moment. Just see the Claymore ETH thread for more info.

Oh, interesting. I don't know that using one card with 8GB in memory per rig will help to fix DAG issues. Much appreciation for this helpful information.

adaseb

legendary

Activity: 3738

Merit: 1708

Go to,

https://whattomine.com/

Select 570 and put in quantity 1 and have a look. Basically ETH is the most profitable right now. Ignore Electronero, its too low liquidity and most likely price will change tomorrow.

Since your cards are 4GB you will have issues with Windows 10, basically the DAG is too large. You will need to either get 1 GPU per rig with 8GB, or use Windows 7, or use Linux. No other solution at the moment. Just see the Claymore ETH thread for more info.

hd49728

legendary

Activity: 2044

Merit: 1018

Hi all guys,

I am back with intention to mne altcoins after many months of hypernation.

Which altcoins are the best to mine with AMD GPUs 470 and 570 4GB?
Which mining algorithms are the most common for best minable altcoins?

If your given coins are newborn, please help me with links to their ANN threads on the forum and their sites.

Please help, if you have actively mined altcoins recent weeks and know which ones are the best.

I much appreciated your answers to come for my lazy questions.

Topic: Which altcoins are good to mine at the moment (Read 193 times)