Topic: which coin mining is most profitable ? - page 3. (Read 5165 times)

I agree. It's better to be a stock exchange player and buy coins. From the collapse of insurance is not, but it is much faster than engaged in mining.

Bitcoin and lightcoin mined on the ASIC they need to be bought on preorder to get a big come in a short period of time.

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)

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

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.

Hmmm....

Before mining do you actually know how to handle a miner at home ? electricity cost ? noise ? heat ?

I think there are some better chance to make more money while investing in icos and trading some cryptocurrencies.

From my side, I started trading, and everytime I have some nice profits, I invest those into mining instead to get a passive income.

In other words, you want an active income that you need to work for ( job, trading, etc ) and a passive income that you build over time ( mining, saving money for interests, buy multi appartments building and so on ) so that your passive income ( in 5-15 years ) will become something you can live on, and even if you fall sick or whatever, then that the money could still flow into your accounts.  

I have around 10,000$ USD invested into mining, and I honestly doesn't care now about ROI since it was all profits, but I accumulate that passive income to only sell when the ''x'' coin got a spike. ( happen around one or 2 times per months, taking out of consideration the may to august altcoins boom )

I'm starting to have a lot of heat and noises, but gladly, I live in Canada and winter is coming ( -30, -40 ) so it will replace my heaters. Problem is, I'll have to trade for profits this winter, as to work, to buy a shed ( 850$ ) so that my miners will be able to mine outside, otherwise my house will become a heathouse next summer.

Not to think that even if my courtyard is secure, I'll probably buy some security cameras as well as I'll need to contact personal insurances in a case of fire, storm, tornado and blablabla.

Mining on asic and mining on video cards is very different is a separate big topic. If you need to find out what coin is mine on the video card, here  https://whattomine.com/

Do you think ETC is more profitable to mine than ETH?

Yes, but I'd suggest not mining it as a small price change could make your mining less profitable than, say, XMR, ETH or ZEC. To be absolutely honest, for maximum profit and ease of mind choose one coin and stick to it unless there's a major profitability shift. Profitability may be slightly higher on one chain compared to another but that is usually temporary.

Ethereum and ETC is the best choice if you have amd gpus. I mine ETC because i want to accumulate tokens.

Potentiam on potentiam.io its also on here. Please check it out

Has Anyone heard of DEM? Says i can make $2.26 a day with what im using now.

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,

Best option is buying coin instead of mining...  Because mining is very difficult... For those who pays for electricity more then. 0.1$ so mining is not profitable with expensive electricity. Also hardware cost matters...!!!

Your opinions are appreciated, I already have invested $1000 in different coins with the outcome of about 250% profit in 3-4 months.
So while those coins accumulate, I'm gonna try mining whether I win or lose, I came into this knowing it was going to be a gamble.
I only wasted $300 on ASIC and and $500 on a budget GPU rig, which if all else fails ill have a bad ass gaming PC.

I have a good job where this is just for fun anyways and to build my wallets/investments.
I don't withdraw from my wallets unless the coin is in a downward spiral.
I'm just gonna sit on the coins earned And add to my investments already accumulating.

But if you had to pick a certain coin and/or pool to mine, do you have any ideas?

Ill take a dollar a day

Because after power costs

ill make $.75

The ROI for mining is too long, about a year now. It is better to buy the coins directly.

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 HAVE A LITTLE OF EACH COIN, BIG AND SMALL "stupid caps" anyways, and you can see the money grow for some and drop for others. Ive been investing in coins for 3 months and yes I'm mad at myself for not buying btc when it was at $0.60. But I was young and dumb. I thought what the hell, may just try mining. A friend gave me a Antminer S1 a week ago and i Bought an Ant-miner s2 and s3 for bout $300 from both, nothing crazy, luckily. But im glad i didn't dish out alot of cash for the s7 or s9, kuz unless you have like 10 of each, there doesn't seem to be a point anymore. So just like you are, im trying to find an alternate POW SHA256 coin to mine. But i cant find one worth my time. Mazacoin is like 4000coin/1.7th/day but their coins arent a lot in usd. I could use the help as well my power is $0.01/kwh and until i find a good psu to run the S1 and S3 those will sit on the sidelines. If i can find a miner for a good price i will upgrade or switch algorithms, but i see the dash miners for like $6500 with psu. Is it really worth it anymore? I could use the help to find a good coin or algorithm worth the time...

Im mining ZetaCoin on thecoin.pw, i dont know much about mining pools. So, I dont know if their good or not, but it has no fees, you can donate 1 or 2% each transation or 0.
But they do take .5% every payout.
Then theres slushpool,
mulitpool which all pools seem to be dead
nice hash.

I also agree. Better off buying some coins instead.
I have bought many hardware, some has paid itself off already and some havent reached roi yet.
If i used all the funds that i invested into building a small facility, and hardware. If i invested in the coins i wouldve made a profit already, and frankly wouldve been better off instead of dealing with running the hardware. If i bought bitcoin, i wouldve seen x4 profits when it was at 1200/btc..
Mining is a risk. And when you get deep into it, you cant pull out. Lol its an addiction.

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