Topic: Which currency would you prefer to mine?, don't know what to choose from (Read 1193 times)

2 of 7950

for me SHA-256 coins

Already asked you???
Whit what hardware you are planing to mine???

well then... doge to the moon!

mine which is profitable among most coins.

The profitability sites do not know what the exchange rate will be in 120 blocks or in however many blocks it takes for your mined coins to mature.

Whereas the people who already hold the coins, possibly for example having mined them when their exchange rate was not high enough to attract migrant miners, don't have to wait for their coins to mature, they just have to wait for the exchange rate to become profitable compared to their power bills and amortised equipment costs and labour.

So by the time your coins mature folks who already mined some before those sites sent all the migrants flocking to try to get some can already be at the exchange waiting to sell just before coins that were not mined until the profitablity sites twigged can mature.

Once those sites claim the coin is no longer profitable, or is not the most profitable, and the migrant miners thus run off somewhere else, is maybe a good time to sell a few coins, just enough to keep the exchange rate from going high enough to trigger another wave of migrants...

In my experience so far, the most profitable coins of all have been the ones that are not in any pools and not in any exchanges, because you can pick those up hand over fist for however many months or years the folks following those profitablity sites choose to ignore them.

For example last year BBQ was killer, by the time pools for it fired back up again and exchanges took them back in the people who had been CPU-mining them all last year made fortunes...

-MarkM-

i prefer bitcoin sincerely 

Naw, USD will always be my currency 

i prefer euro's

i asking you guys what you suggest to mine with your experience i used sites like coinwarz etc but i prefer a human advice

You have three options to answer this question...

1) Do some research yourself, read the forum threads over the last several days to see what is popular/trending/etc.

2) Use sites like coinwarz.com or coinchoose.com to gauge profitability - both sites compare current difficulty and exchange prices to determine what is most profitable at this very second, although neither site is perfect.

3) Use a pool that makes the profitability decisions for you and pays out on BTC daily.  I have used http://hashco.ws and http://middlecoin.com and I like both of them.

I would recommend #3 until you get comfortable and #1/#2 as a longer term strategy. 

Mine GeistGeld, CoiLedCoin, I0Coin, IXCoin, GRouPcoin, DeVCoin, NaMeCoin and BiTCoin all at once, merged.

That way you get the nice low difficulty GeistGeld and CoiLedCoins that no public merged mining pools are mining, without missing out on any of the merged mined coins that are already on at least one public merged mined pool.

Even if you just have a block eruptor or a GPU that is a good way to go because even if you don't get lucky and get a block of NMC, DVC, GRP, IXC, or I0C you still get some BiTCoin (I am assuming here that you'll be using p2pool to merged mine thus that you will be pool-mining the BiTCoins not solo-mining them) and build up a nice stash of CoiLedCoin and GeistGeld, which are not readily available to buy so mining them is probably the most direct method of getting hold of some of them.

(Though if you are a user of Open Transactions maybe you might be able to buy some on an Open Transactions server, since as you maybe have noticed they have been shown in the http://galaxies.mygamesonline.org/latestrates.inc include-file for a long time now...)

-MarkM-

Well, most coins are get pumped and dumped therefore I would recommend you to mine coins with low difficulty. There are always new coins gonna be published and if you quick enough you can make a fair bit though.
 You also can do some solo mining  if you wish where network diff is low.

PS.: I am mining Valuecoin at the moment in solo. An average 1block/min using single GPU Ati hd 7950

NWC Networkcoin

Dude wtf!!!!
You don't mine dollaras!!!
He asked what to mine, not what to work and earn!

USD Dollars are the best..

nice one...
whole world is spinning around bitcoin and you are asking which currency to mine???
dude, wtf???

now seriously...
depend's, what kind of mining gear you have.
if you are using gpu-s then mine ltc.
if you are using asic then mine btc.
if you are mining with cpu then forget about it.

problem with other coins is that value is rising and falling on daily and even hourly basic so they are not worth of mining.
right now you realize that ppc or trc is more profitable to mine than btc, you start mining and after about hour and a half you realize that it is no longer profitable to mine compared to btc.
you can always hold on to them and change them to btc when value jumps up but I hate that shit.
so I'm stick with btc and ltc.
 

Which currency would you prefer to mine?,
to many coins don't know what to choose from