which coin mining is most profitable ? - page 2.

Fanpant

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Quote from: meccaflare0 on November 17, 2017, 10:49:56 PM

Quote from: brains1ck on October 25, 2017, 08:38:28 AM

Like others have said: investing your coin into long term contracts with any cloud mining company, whether its "totally legit" or reviewed favorably by a trusted crypto-tuber, is absolutely playing with fire. You are far better off just buying coins that you think will gain traction or have steady long term gains. One of my favorite BTC blogs 99Bitcoins has a great article where he tested holding BTC vs buying a contract with Genesis mining. Gmining happens to be the most reputable cloud mining company out there, and there is no doubt from the OG crowd that it too is a ponzi scheme, at the heart of the operation. The reason why so many websites, youtubers and blogs are promoting it so hard is because it has a kick ass referral program (which also happens to be the only way you can viably make a profit on your investment)

My thoughts exactly. People who want to get into mining with little money is laughable. You might not make your ROI back while watching the price of the coins just go up. Go big or Go buy

It is better to buy the coins directly.

meccaflare0

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Do the thing and you'll have the power.

Quote from: brains1ck on October 25, 2017, 08:38:28 AM

Like others have said: investing your coin into long term contracts with any cloud mining company, whether its "totally legit" or reviewed favorably by a trusted crypto-tuber, is absolutely playing with fire. You are far better off just buying coins that you think will gain traction or have steady long term gains. One of my favorite BTC blogs 99Bitcoins has a great article where he tested holding BTC vs buying a contract with Genesis mining. Gmining happens to be the most reputable cloud mining company out there, and there is no doubt from the OG crowd that it too is a ponzi scheme, at the heart of the operation. The reason why so many websites, youtubers and blogs are promoting it so hard is because it has a kick ass referral program (which also happens to be the only way you can viably make a profit on your investment)

My thoughts exactly. People who want to get into mining with little money is laughable. You might not make your ROI back while watching the price of the coins just go up. Go big or Go buy

cdog

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I mine Zcash and Ethereum because both coins are profitable for mining and both coins are very stable.

jeswin

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It is better to buy few than mining

Fanpant

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Quote from: cryptocoinfarmer on November 08, 2017, 09:49:18 AM

I would recommend litecoin and Zcash mining. These cryptocurrencies are more stable for now.

You need ASIC for litecoin.

PatelKartel

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Quote from: yerfei on October 27, 2017, 04:13:45 AM

Quote from: PatelKartel on October 25, 2017, 02:28:19 PM

Hi guys,

I recently bought 3x rx 470 all with risers on a asrock mobo. What coin is most profitable to mine right now with theese gpu's ?

Thanks for the advice,
BR

Try NiceHash or Winminer
https://bitcointalksearch.org/topic/winminer-v1126a-auto-switch-windows-app-for-multi-miner-optimization-2004875

Thanks man ! Will try it out and I ll let you guys know

cryptocoinfarmer

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I would recommend litecoin and Zcash mining. These cryptocurrencies are more stable for now.

fitz123

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I did a lot of research on this and concluded it's just not worth it from a financial stand point. I mean..it's a cool addiction and I can see where it would be fun. But there are people out there who have invested a ton and will chew up and spit out anything I could afford...banks and banks of equipment with the electric meter spinning like a tornado.
But that's just me...so go for it but educate yourself so you know what you're getting in to. Coinwarze and other sites have some good info. There's a lot of used equipment on the market too-from people who just gave up on it. I tried it for a while and it WAS fun..but not profitable. Buying/holding/trading/investing in icos is the better route. Good luck!

Ben271286

full member

Activity: 434

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I love this Game!

Invest for the Long term!
I invested a small 135€ on Ark in march of this year...till now i made a 1225% Profit...so 1666€...out of 135€. I invest small amount in many promising projects...spread your risk! I am also mining but regret the decision...but now i go on...but the point is that you can better invest in coins directly! my point of view.

yerfei

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Quote from: PatelKartel on October 25, 2017, 02:28:19 PM

Hi guys,

I recently bought 3x rx 470 all with risers on a asrock mobo. What coin is most profitable to mine right now with theese gpu's ?

Thanks for the advice,
BR

Try NiceHash or Winminer
https://bitcointalksearch.org/topic/winminer-v1126a-auto-switch-windows-app-for-multi-miner-optimization-2004875

bitcoinking11

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Which cryptocurrency coins will be most profitable for mining. Ethereum, Dogecoin, Litecoin, Dash or Monero.

akija

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As per recent Trend of btc price I think buying it and holding can give better ROI as the price is Increasing constantly .

cryptojeany42

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You wont be profitable with that amount of usd.

jaredl

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Quote from: EastSound on October 25, 2017, 08:36:50 AM

Quote from: jaredl on October 25, 2017, 08:36:17 AM

mining is not profitable now. buying the coins outright and hold it is probably the best strategy.

I am holding NEO in the NEON wallet and it generates GAS which I can sell on the exchanges and then buy NEO back to my wallet.

If your electricity price is lower than 0.1 dollar per kW, it is still profitable.

Are you staying in Venezuela? Shocked

Just joking. But you are right... your electricity costs must be low else it is not as profitable to start now.

If you had started early in the year, you could have gotten back the costs of your rig and you are now just earning pure profits (minus electricity costs).

As of now, buy coins that have potential for growth.

I did a calculation previously.. it will take me at least 18 months to get back my initial investment of the rigs. Buying a good coin will return me much more within that period..

nurlela

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Activity: 434

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Quote from: d57heinz on October 22, 2017, 11:05:43 AM

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

Your best bet is to just buy the coin. Why give it away with hopes the machine may work long enough to mine it back? If you feel the coin will be around that long invest in that. It will rise in price as others take risk with mining. It goes hand in hand. Ask anyone on this forum what the better buy would have been. 100% say it’s coin. If not I’d love to hear counter arguments

Br. Good luck in Your decision

agree with you.
it's better to buy a coin that really gives a big advantage in the future instead of buying a mining device.
the risk is too great if you buy a mining device instead of you to buy a coin.
break event point, device durability and much more you have to think about it

legenduim

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Most of these currencies difficult to mine yet. More often I am investing in alternative cryptos. As an example. my October was dedicated for mining Musicoin. I like the way of it mining, like the unadeaquate swing of the prices. But its worth it. Within the one month you can earn not bad money.

PatelKartel

member

Activity: 301

Merit: 10

Hi guys,

I recently bought 3x rx 470 all with risers on a asrock mobo. What coin is most profitable to mine right now with theese gpu's ?

Thanks for the advice,
BR

g0atios

newbie

Activity: 36

Merit: 0

While its easy to find a 'most profitable coin' by going to www.coinwarz.com or www.whattomine.com, you can also get lucky by trolling the new altcoin announcements right here in bitcointalk.

Find a new coin in its infancy, just hatched... and you can be lucky enough to get a heap of coins before they even hit the market. Sometimes there are coins that are even more profitable than what is shown at whattomine, etc.. you just have to be willing to take the risk and have to keep up with the latest releases

This to me is what makes mining exciting, the speculative mining aspect

Quangvu1000

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Co rút được không

brains1ck

newbie

Activity: 11

Merit: 0

Like others have said: investing your coin into long term contracts with any cloud mining company, whether its "totally legit" or reviewed favorably by a trusted crypto-tuber, is absolutely playing with fire. You are far better off just buying coins that you think will gain traction or have steady long term gains. One of my favorite BTC blogs 99Bitcoins has a great article where he tested holding BTC vs buying a contract with Genesis mining. Gmining happens to be the most reputable cloud mining company out there, and there is no doubt from the OG crowd that it too is a ponzi scheme, at the heart of the operation. The reason why so many websites, youtubers and blogs are promoting it so hard is because it has a kick ass referral program (which also happens to be the only way you can viably make a profit on your investment)

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