which coin mining is most profitable ?

BMCHAIN

full member

Activity: 546

Merit: 103

Quote from: Nickie001 on June 06, 2018, 02:32:34 PM

Used to mine Litecoin on ASIC. Frankly, the yield per day did not exceed 12 $, and taking into account the cost of electricity - 8 $, not thick!
Now I'm thinking about the mastenodes, i've been watching the news about them for a while now. I'm trying to choose from three: GoByte, Zest and LUX.

Still, I'm looking towards the first coin - it's too tempting to hear the latest news about the decline in the cost of the transaction and the increase in profits for the owners of masternodes, which is not the case with other coins - they promise 70% of the award against 30% to the miners. It sounds attractive, and GoByte is not just another scam project - they've already collected the funds and the product is working. Guys, I need you help! Which coin would you prefer from these three and why?

I'd prefer the first one also, the GoByte coin. As far as I know their team consists of the real professionals. And the whole idea of their project is just amazing - something like decentalised Visa or Paypal. Kinda interesting for me.

By the way, I had some Zest in my portfolio previously.. it didn't make any profit Sad

Nickie001

jr. member

Activity: 76

Merit: 1

Used to mine Litecoin on ASIC. Frankly, the yield per day did not exceed 12 $, and taking into account the cost of electricity - 8 $, not thick!
Now I'm thinking about the mastenodes, i've been watching the news about them for a while now. I'm trying to choose from three: GoByte, Zest and LUX.

Still, I'm looking towards the first coin - it's too tempting to hear the latest news about the decline in the cost of the transaction and the increase in profits for the owners of masternodes, which is not the case with other coins - they promise 70% of the award against 30% to the miners. It sounds attractive, and GoByte is not just another scam project - they've already collected the funds and the product is working. Guys, I need you help! Which coin would you prefer from these three and why?

Will Crypto Make Me Rich?

newbie

Activity: 62

Merit: 0

Quote from: Bitsaurus on January 22, 2018, 03:06:43 AM

Quote from: Will Crypto Make Me Rich? on January 22, 2018, 02:20:14 AM

Ya know, going back to the beginning of this thread, it never ceases to amaze me how many folks are compelled to beat around the bush..... The user asked which coin would be most profitable for mining.... Just answer the god damn question for f**k sake! There was no mention of buying anything, the question was about "mining".

None. The answer is none.

Think about this, if you bought a certain amount of tokens (with the money that could have been allocated to mining) and the coin the coin goes up 100x in a year, you would only be able to mine a fraction of what you would have been able to buy.

Mining only works well if the coin fails to launch and does mediocre increases.

There are so many CPUs, GPUs, and ASICs mining now that any coin/token difficulty goes up the second it comes up on a radar or gets placed on an exchange. The exception being maybe the first 96 hours of mining a new coin.

I'm doing pretty good for myself, my miner cost me somewhere around $2,300 dollars to build just before GPU prices went crazy, it's a 6 GPU AMD card rig with modified bios. It'll pay for itself in about 3 or 4 more months. I just mine whatever I feel like mining, it all has value, and they all just go up and down all the time..... I'm in it for the long term, everything I mine stays in my wallets..... Coin hoarder! Grin

In 5 or 10 years, maybe I'll have some winners..... Maybe!

tharindu.some

newbie

Activity: 87

Merit: 0

I think mining now not much profitable.You can invest that money for starting some masternode.

KK120

newbie

Activity: 33

Merit: 0

ETH at the moment is more profitable than Monero... so I'm switching

ETZ seems like a good idea, too.

imglad91

newbie

Activity: 3

Merit: 0

You can try mining Ethereum’s hard fork ETZ ( www.etherzero.org)
It is not currently listed on exchange but this month will be on cryptopia so it has a low difficulty.
You join their pool www.etzmine.com

KK120

newbie

Activity: 33

Merit: 0

Monero is also quite profitable you can recover the cost of the miner in less than in a year; a miner with an avg of 3.5Kh/s mines almost 0.6 XMR per month. Assuming that the price of XMR will increase to about 400$+ in the coming months.

Fanpant

full member

Activity: 214

Merit: 100

Quote from: theaccelerationist on January 22, 2018, 09:14:57 AM

Quote from: lolx12345 on October 22, 2017, 03:35:42 PM

im agree with buy coin...i'm a miner but i suggest you to buy coin.
i was pre order my miner on first of august, if i decide to buy coin not to buy miner
now i think i earn more then 150%

I wouldn't mine a coin with a payback period of more than a year

At the moment, the ETH or ZEC has a pay back of around 250 days, depending on the electricity price.

theaccelerationist

newbie

Activity: 4

Merit: 0

Quote from: lolx12345 on October 22, 2017, 03:35:42 PM

im agree with buy coin...i'm a miner but i suggest you to buy coin.
i was pre order my miner on first of august, if i decide to buy coin not to buy miner
now i think i earn more then 150%

I wouldn't mine a coin with a payback period of more than a year

Adamant06

member

Activity: 161

Merit: 11

Quote from: theaccelerationist on January 22, 2018, 07:42:47 AM

Investing $2500 in mining is likely not to break-even in a period of 2 years. Investing in a coin can grow your profits even 100 times the investment in less than a year. I find Uwezocoin to be the best coin. Check out their Telegram https://t.me/joinchat/Hfwy-UkCRiNXLmbcRZeORA

I don't know which coin mining are the most profitable but i think it is best to just buy any coin as long as it is profitable.And i think you can also save time and effort compared to mining.

theaccelerationist

newbie

Activity: 4

Merit: 0

Investing $2500 in mining is likely not to break-even in a period of 2 years. Investing in a coin can grow your profits even 100 times the investment in less than a year. I find Uwezocoin to be the best coin. Check out their Telegram https://t.me/joinchat/Hfwy-UkCRiNXLmbcRZeORA

cryptodunno

member

Activity: 308

Merit: 10

i suggest to split and do both - mining and just buying the coins.
buying & holding seems to be more profitable at least with the current marker grow, but who knows how the market will turn in 2018.
mining will allow you to get deeper in cryptoworld and understand some key things about cryptocurrencies as you allways watching the trendlines etc.

But in general POW mining will most likely die in few years.

KK120

newbie

Activity: 33

Merit: 0

I'm first a trader and investor in Crypto then a miner; decided to buy a 6 x GPU mining rig from trading profits just for the experience; You can make way more money by investing mid-long term vs investing in a mining rig.

Another option is to find coins (ONION is a good example which returns: 10% Y1, 5% Y2, 1% Y n+3) that can be used for PoS (Proof of Stake), which means that you just need to buy the coins, hold them in your wallet connected to the internet and get a % back each year. So you are investing and passively mining by staking without the cost of the rig.

I'm accumulating all the coins I mine or stake for the very long term.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: Bitsaurus on January 22, 2018, 03:06:43 AM

Quote from: Will Crypto Make Me Rich? on January 22, 2018, 02:20:14 AM

Ya know, going back to the beginning of this thread, it never ceases to amaze me how many folks are compelled to beat around the bush..... The user asked which coin would be most profitable for mining.... Just answer the god damn question for f**k sake! There was no mention of buying anything, the question was about "mining".

None. The answer is none.

Think about this, if you bought a certain amount of tokens (with the money that could have been allocated to mining) and the coin the coin goes up 100x in a year, you would only be able to mine a fraction of what you would have been able to buy.

Mining only works well if the coin fails to launch and does mediocre increases.

There are so many CPUs, GPUs, and ASICs mining now that any coin/token difficulty goes up the second it comes up on a radar or gets placed on an exchange. The exception being maybe the first 96 hours of mining a new coin.

If you go around telling noobs the truth about mining they'll either run away or just dismiss your post as misinformation designed to scare them away so you can mine all the coins for yourself.

If they just sat down for 30 minutes and used a calculator to figure out the end result of where they would be after 6, 12, 18, 24 months of buying vs mining they would understand - but that's doesn't fit their MDMA based exuberance Cheesy

Bitsaurus

hero member

Activity: 873

Merit: 1007

Quote from: Will Crypto Make Me Rich? on January 22, 2018, 02:20:14 AM

Ya know, going back to the beginning of this thread, it never ceases to amaze me how many folks are compelled to beat around the bush..... The user asked which coin would be most profitable for mining.... Just answer the god damn question for f**k sake! There was no mention of buying anything, the question was about "mining".

None. The answer is none.

Think about this, if you bought a certain amount of tokens (with the money that could have been allocated to mining) and the coin the coin goes up 100x in a year, you would only be able to mine a fraction of what you would have been able to buy.

Mining only works well if the coin fails to launch and does mediocre increases.

There are so many CPUs, GPUs, and ASICs mining now that any coin/token difficulty goes up the second it comes up on a radar or gets placed on an exchange. The exception being maybe the first 96 hours of mining a new coin.

Will Crypto Make Me Rich?

newbie

Activity: 62

Merit: 0

Ya know, going back to the beginning of this thread, it never ceases to amaze me how many folks are compelled to beat around the bush..... The user asked which coin would be most profitable for mining.... Just answer the god damn question for f**k sake! There was no mention of buying anything, the question was about "mining".

ronnylov

member

Activity: 276

Merit: 13

Some new coins are not possible to buy on market yet (not listed on an Exchange) but you can mine them and later when they are listed on exchange you can make some profit. This kind of speculative mining can be very profitable but it can also just be waste of electricity if the coin does not survive. I have had some luck with mining new coins or less known coins.

Mining is fun. Maybe you should do a Little of both. Buy coins and mine coins.
Personally I made good profit mining last 6 months but who nows in future.

Viodet

newbie

Activity: 14

Merit: 0

I do both mining and investing. I Mine various coins and HODL them for profits and at the same time i invest with my money and mining profits to increase my portfolio. Nowadays with the sum you mentioned i would just invest the money since even finding cheap cards has become troublesome at least for me

kristikun

newbie

Activity: 62

Merit: 0

If u lookin for most profitable mining right now its rig with Vegas 56 bios moded to 64 with Cast XMR 2kh hashrate on each card makes 10USD a day so rig with 6x would make around 60 USD a day i had ROI in 76 days , already doubled my invests since diffucilty of cryptonight goes up slower than its value its going to be even more profitable Wink

IF u understand hardware and buy components cheap , mining is way more profitable thhan jsut buying coins with lots of option how to utilizace more profit , for example mining alt coins with potencial for future investments , checking Bitfinex live charts selling/buying diff coins to make profit from descrease / increase in value . Lets say after mining 2years in which u could make ROI 10x times u can sell the components for 70% of its price.

Mining isnt what it used to be but if u know enough u can still make good profit and way more than just from buying coins . People who wrote here that they are mining but they would make more if they bought the coin jsut doesnt know shit about mining

syana

newbie

Activity: 34

Merit: 0

Quote from: K3VOfficialDJ on October 22, 2017, 04:32:51 PM

Quote from: Lordshiva on October 22, 2017, 10:49:31 AM

I want to invest 2500usd in mining.... which coin can give me the best profit
1.bitcoin mining
2.litecoin mining
3.Zcash
4.monero
5.ethereum or dash

I invested $600 in Ripple (XRP) when they were $0.12.
Which gave my 5000 XRP.
Now they been staying between $0.20-$0.27
Which leaves me a lil over $1000.
They may not be a mined coin but just because they arent mined doesnt mean their garbage.
BTC started Low just like Ripple, and I missed buying BTC.
Ripple just had a Conference with all the banks all around the world, in Toronto.
Ripple and Swift had their conference on the same days.
So the time to buy is now just in case they skyrocket.
A lot of well known banks are working with Ripple.
One of those banks is the one i Bank with.
Its all a gamble but you may see them in a bank near you.
Just a little inside info, I research before I buy.
I don't wanna buy into a disaster again,

Banks are thinking about having their own crypto money... if they do so, what would the future of XRP be?
Don't you think its value will drop?
(just asking...)

Topic: which coin mining is most profitable ? (Read 5153 times)