Topic: Which coin should u mine right now? (Read 440 times)
we now see ethereum with 3 different types namely ethereum , ethereum classic, ethereum Pow. but for this time ethereum POW seems less attractive because the previous two ethereum is very enough for them. looks like ethereum POW really competes with ethereum classic in its mining.
With the gpu currently in my possession i switched to mining etc but if i see that the gain is too low compared to eth i will switch to nicehash to make a btc accumulation strategy
It was believed that since mining on the ethereum blockchain is over as a result of the just concluded ETH merge, it is widely believed that the miners might be considering migrating to the mining of ethereum classic.
And on the ETHW mining you mentioned, I believe it is worth given a trial. Nobody knew ethereum would be worth what it is today within the short period of time it has been in existence. ETHW could also be worthy of given a trial.
And on the ETHW mining you mentioned, I believe it is worth given a trial. Nobody knew ethereum would be worth what it is today within the short period of time it has been in existence. ETHW could also be worthy of given a trial.
It's crazy that some people in my country keep purchasing GPUs due to the price decline. I don't even understand because in the city I am living, I am paying around $0.25 per kilowatt which is so expensive for mining. Some people in my country are expecting a new coin profitable to mine. RVN and ETC aren't that profitable compared to ETH. Lately, I am hearing about this coin called Kaspa which is fast and is on the rise although I haven't checked it yet. I just think the electricity rate in the place I am in is not good for mining.
They may be being motivated by the past stories of the people because back then they were just randomly mining Meme coins like Doge and they hit the jackpot. That's possible but the risk of not getting back your capital is pretty high. With the high inflation right in some parts of the world, people are more into taking risks than doing nothing with their money because they have a chance to change the course of their life and they taking advantage of the opportunity to get out of poverty. One of the ways is mining those new coins which might become expensive in the future.
The higher the risk, the higher the reward but the chance of losing is even higher, especially if they would choose to mine unestablished coins over Bitcoin. People nowadays seek hope in crypto mining than storing their funds without profiting. We're in the midst of a crisis and as much as possible, people prefer looking for better ways to earn despite the risks that they will be taking.
that's why Ethereum is really making things that can change the world, namely changing PoW to PoS,
I even wonder if Bitcoin can also change the algorithm from PoW to PoS? Of course it will be more interesting if Bitcoin changes to PoS
Do you know what is POW and what is POS? Do you know what is the difference between bitcoin and altcoin? Are you a fan of Greenpeace? If you are a true bitcoin lover then I think you will never think so, if bitcoin moves to POS then in my opinion that is the end of bitcoin, the only decentralized currency we have. POS is not as good as you think, it is a centralized network where you will be dominated and controlled by the big players in the market. The upgrade to the POS of ETH is still a question of whether it is really good for ETH or not?
It's crazy that some people in my country keep purchasing GPUs due to the price decline. I don't even understand because in the city I am living, I am paying around $0.25 per kilowatt which is so expensive for mining. Some people in my country are expecting a new coin profitable to mine. RVN and ETC aren't that profitable compared to ETH. Lately, I am hearing about this coin called Kaspa which is fast and is on the rise although I haven't checked it yet. I just think the electricity rate in the place I am in is not good for mining.
They may be being motivated by the past stories of the people because back then they were just randomly mining Meme coins like Doge and they hit the jackpot. That's possible but the risk of not getting back your capital is pretty high. With the high inflation right in some parts of the world, people are more into taking risks than doing nothing with their money because they have a chance to change the course of their life and they taking advantage of the opportunity to get out of poverty. One of the ways is mining those new coins which might become expensive in the future.
The higher the risk, the higher the reward but the chance of losing is even higher, especially if they would choose to mine unestablished coins over Bitcoin. People nowadays seek hope in crypto mining than storing their funds without profiting. We're in the midst of a crisis and as much as possible, people prefer looking for better ways to earn despite the risks that they will be taking.
that's why Ethereum is really making things that can change the world, namely changing PoW to PoS,
I even wonder if Bitcoin can also change the algorithm from PoW to PoS? Of course it will be more interesting if Bitcoin changes to PoS
The easiest way to tell if ETH will be profitable in the future is to look at its current price and calculate the return on investment (ROI) of mining it.
If you see that ROI >100% then ETH will probably be one of the top altcoins to mine for quite some time. You can also see how much ETH is mined per day by looking at "gas used" or "gas paid".
If ETH has very little ETH in circulation and is hard to make money on, then it's not worth mining. Likewise if there is a lot of ETH in circulation, then it may be profitable to mine.
If you see that ROI >100% then ETH will probably be one of the top altcoins to mine for quite some time. You can also see how much ETH is mined per day by looking at "gas used" or "gas paid".
If ETH has very little ETH in circulation and is hard to make money on, then it's not worth mining. Likewise if there is a lot of ETH in circulation, then it may be profitable to mine.
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?
Any help and advice would be appreciated, thanks in advance
ETH mining profitability depends on the mining hardware you choose to use, your energy costs, the prevailing hashrate and market conditions at the time of your investment. To find out whether ETH mining is currently profitable, we just need to plug in some numbers. Your electricity cost will depend on how much money per kW/h you pay for your power. You can enter your energy price into a kWh calculator and it will estimate how many dollars you are paying per kWh.
If we live in a country where electricity costs are cheap, mining cryptocurrencies can be a very promising way of making money. Especially if
we mine BTC or ETH where the price tends to continue to rise, then we can make big profits from mining. The problem is that in my country
the cost of electricity is expensive, and also my problem is the maintenance of mining hardware which costs quite a lot. That's why my intention
to try mining crypto always never materialized, because according to my calculations the possible expenses that I will spend are greater than
the profit I will get. It means mining crypto is not for me, then from that I'd better choose investing in tops coins and holding for the long term.
Which in my opinion is much more profitable than mining crypto.
It's crazy that some people in my country keep purchasing GPUs due to the price decline. I don't even understand because in the city I am living, I am paying around $0.25 per kilowatt which is so expensive for mining. Some people in my country are expecting a new coin profitable to mine. RVN and ETC aren't that profitable compared to ETH. Lately, I am hearing about this coin called Kaspa which is fast and is on the rise although I haven't checked it yet. I just think the electricity rate in the place I am in is not good for mining.
They may be being motivated by the past stories of the people because back then they were just randomly mining Meme coins like Doge and they hit the jackpot. That's possible but the risk of not getting back your capital is pretty high. With the high inflation right in some parts of the world, people are more into taking risks than doing nothing with their money because they have a chance to change the course of their life and they taking advantage of the opportunity to get out of poverty. One of the ways is mining those new coins which might become expensive in the future.
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?
Any help and advice would be appreciated, thanks in advance
ETH mining profitability depends on the mining hardware you choose to use, your energy costs, the prevailing hashrate and market conditions at the time of your investment. To find out whether ETH mining is currently profitable, we just need to plug in some numbers. Your electricity cost will depend on how much money per kW/h you pay for your power. You can enter your energy price into a kWh calculator and it will estimate how many dollars you are paying per kWh.
Hi folks,
After the successful (apparently eth merge), me and many others as eth miners, should ask ourselves not only which is the most profitable coin right now but which one will still be lucrative in the future... that means it should be a very solid coin and project
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?
Any help and advice would be appreciated, thanks in advance
mining bitcoin is the best solution right now. and if you want to hold ethw it's better to buy little by little from the results of mining bitcoin. because we also will never know which coins will provide huge profits for the next 1-4 years.After the successful (apparently eth merge), me and many others as eth miners, should ask ourselves not only which is the most profitable coin right now but which one will still be lucrative in the future... that means it should be a very solid coin and project
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?
Any help and advice would be appreciated, thanks in advance
although the current market price is very bad but trying to mine bitcoin is not a loss because you can calculate all of the electricity costs and the results you get from mining BTC. but you may have to spend a little more money to upgrade your computer to mine BTC with slightly higher ram
After the ethereum merge dogecoin have took the second position as the largest cryptocurrency to operate on the proof of work consensus. This makes dogecoin to be one among the leading cryptocurrency for investment amidst it's role as a memecoin. Dogecoin too an old coin to survive in the market and that makes a good choice for the miners. For sure this will bring good profit, but not a big one at the shortest.
Aside from RVN, most of the POW coins benefited after the consolidation ended. However, RVN and ETC remained the most prominent ones among the POW coins. Unexpectedly, when ETHW dropped sharply after being listed by exchanges, it seems that many miners are not interested in this coin and people also dump it to make a profit. The future of ETHW is not very optimistic. Personally, I would bet on ETC, I believe this is a good time to mine ETC as well as hold ETC.
Judging from the price, it seems like $ETHW has no future than $ETC, but if we refer to the market capitalization, I think that the low price of $ETHW like now is a very good opportunity to make big profits in the future. Moreover, $ETHW is already listed on major exchanges such as FTX, Huobi, Kraken and others.
Whatever you mine after The Merge on Ethereum, I hope you find the right coin for your long-term investment needs.
I have sold majority of my graphic cards when the merge was announced, I knew its going to get bloody because Ethereum was the only profitable coin at the time and others aren't as profitable, now that ETh is no more mineable other small coins will be flooded with hashrate so no profit will be available for anyone.
You have been lied to OP, there is no GPU coin that's profitable right now, the terms profitable is either you earning good dollar rate per 24 hours or the dollar rate is down but you are getting more coins every 24hours due to low mining difficulty, right now this is not the case, all my GPUS earned me 1,000,000 shiba inu every 24hours and now it's just 100,000 shib every 24hours, difficulty is insanely high on coins that are not profitable.
I'm sure its not profitable with current price equals 23$ - https://coinmarketcap.com/currencies/ethereum-pow
Its 1.5% of ETH price so 98.5% of old ETH miners will have to quit to make it profitable. I'm sure its not that low today. I'm sure that there are more than 1.5% of miners that left their machines running after merge.
After ETH merge there is no good POW gpU minable coins that "will still be lucrative in the future", pick the best short term apy and dump as soon as you mined it. But I gess POW mining will enter a long term winter as 95% all GPU miners are without job now looking for alternatives.
https://whattomine.com/
Its 1.5% of ETH price so 98.5% of old ETH miners will have to quit to make it profitable. I'm sure its not that low today. I'm sure that there are more than 1.5% of miners that left their machines running after merge.
After ETH merge there is no good POW gpU minable coins that "will still be lucrative in the future", pick the best short term apy and dump as soon as you mined it. But I gess POW mining will enter a long term winter as 95% all GPU miners are without job now looking for alternatives.
https://whattomine.com/
to be honest ethpow its look like with eth classic nothing special
and yes the price most likely will down because its 1:1 for ethhodler and people get for free why not selling it and then the market right now is bearish so it got getting worsei mean if i were you try to check whattomine first if impossible to mine try mine using ASIC or just sale your GPU right now before the price getting plumet after eth merge success and upcoming GPU is very near
Hi folks,
After the successful (apparently eth merge), me and many others as eth miners, should ask ourselves not only which is the most profitable coin right now but which one will still be lucrative in the future... that means it should be a very solid coin and project
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?
Any help and advice would be appreciated, thanks in advance
How about this list https://miningpoolstats.stream/After the successful (apparently eth merge), me and many others as eth miners, should ask ourselves not only which is the most profitable coin right now but which one will still be lucrative in the future... that means it should be a very solid coin and project
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?
Any help and advice would be appreciated, thanks in advance
There you can see the Hashrate increase of the mineable coins, recently I saw the hashrate increase on the Ergo network. Ergo is not listed on major exchanges, on the contrary with Kadena, the founder of Kadena is JPMorgan, I believe these two coins will be the choice of many miners in the future.
Concerning raven he had a fever surge a few days, today he lost as has most coins huge value... Regarding ETHPOW for 3 days it suffers a fall that has divided the price by 8... I am a miner currently I mine Kas but in reduced staff 80% of my GPUs are off and I think for a long time... The crypto winter is more and more visible and I am sure that in the long run nothing really profitable will arrive on the GPUPOW market... On the other hand, being a miner is also a passion and money has nothing in there...By the way I 'm paying Electricity fee 0.174kWh
After the change of Ethereum network infrastructure from Proof-of-Work (PoW) to Proof-of-Stake (PoS) which we call "The Merge", the miners move to mine Ravencoin (RVN), I don't know what's special there and why the miners mine the coin (probably because of its low difficulty).
One thing for sure is that Ravencoin (RVN) has gone up in price because of The Merge. Even one of the well-known crypto media reported about the increase in the price of Ravencoin along with FTX supporting futures on Ravencoin at FTX. You can read the news here.
One thing for sure is that Ravencoin (RVN) has gone up in price because of The Merge. Even one of the well-known crypto media reported about the increase in the price of Ravencoin along with FTX supporting futures on Ravencoin at FTX. You can read the news here.
So I think we all got the answer that Ravencoin is a good PoW coin to mine right now.
Aside from RVN, most of the POW coins benefited after the consolidation ended. However, RVN and ETC remained the most prominent ones among the POW coins. Unexpectedly, when ETHW dropped sharply after being listed by exchanges, it seems that many miners are not interested in this coin and people also dump it to make a profit. The future of ETHW is not very optimistic. Personally, I would bet on ETC, I believe this is a good time to mine ETC as well as hold ETC.
Hi folks,
After the successful (apparently eth merge), me and many others as eth miners, should ask ourselves not only which is the most profitable coin right now but which one will still be lucrative in the future... that means it should be a very solid coin and project
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?
Any help and advice would be appreciated, thanks in advance
After the successful (apparently eth merge), me and many others as eth miners, should ask ourselves not only which is the most profitable coin right now but which one will still be lucrative in the future... that means it should be a very solid coin and project
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?
Any help and advice would be appreciated, thanks in advance
I think for now it is better to mine according to the specifications of the mining equipment you have. for now it seems that many people are no longer sure about mining crypto, most of what I have seen have created their own crypto instead of mining. but if you are still sure that mining is also not your fault, but you need to pay attention to the specifications of the equipment you have
Ravencoin is what I'm seeing that's being chosen to be mined by those post-ETH merge miners. Another one that they can choose is Dogecoin or etc if they want to.
But as much as of their concern right now, it's not really profitable to mine any coin right now and you're just wasting your resources if you do it now.
Although it's not going to be the same forever, there will be a time that another coin will be perfectly mined by them but they have to wait on what is this coin that shall be prevailed.
But as much as of their concern right now, it's not really profitable to mine any coin right now and you're just wasting your resources if you do it now.
Although it's not going to be the same forever, there will be a time that another coin will be perfectly mined by them but they have to wait on what is this coin that shall be prevailed.
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