which is the most profitable alt-coin for mining?

Kersh768

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Quote from: BestCryptoYear2020 on December 27, 2019, 04:06:51 AM

Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.

I think the best profitable Altcoins are those that are ranked based on price, popularity as well as the demand which can be searched easily through world wide web. Among those cryptocurrencies (Altcoins) that are ranked, we can see that Ethereum is still making its way into the top spot since aside from the dependency from Bitcoin, most Altcoins also rely into the price of Ethereum as well which makes it another option for trading pairs. I think with that stand, Ethereum is relevant to be proclaimed as the best profitable Altcoin for mining. Though everyone on the ranking can also be profitable as well. Now, choosing the most profitable Altcoin will now vary depending on the point of view of every miner and trader but for me, I find Ethereum as the best profitable Altcoin.

Vishnu.Reang

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Quote from: cotton ball on December 30, 2019, 01:39:08 AM

Eth have higher price and get little reward for mining and I think choose with altcoin have lower price but can receive higher reward for every mining transaction day, looking with ethereum maybe we need five months later to get profit with our mining tools but for other coin have lower price become faster to get profit and get back our money have buying mining tools.

ETH is one of the more stable altcoins out there and that is why a lot of miners prefer that coin despite low returns. You can opt for lesser known cryptocurrencies such as Zcash or Vertcoin, but these coins are highly volatile and there is a real chance that by the time you receive the mining reward, the exchange rate may be much lower than the current rates. PoS coins represent another option, but these coins are even more volatile.

Divinespark

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Of course, you should mine ETH. This is the most profitable altcoin when you mine, and its difficulty is not too high, so you do not need to spend a lot of money on your equipment. In addition, ETC is also a good choice for mining, I used to mine ETH and ETC before but after a while I stopped this work because the electricity cost in my country is too high without too much profit for me and do not forget to invest in BTC and these altcoins because it will help you get double the profit in the future.

cotton ball

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Quote from: Bitbtc8 on December 27, 2019, 04:15:21 AM

The best profitable altcoin to mine presently is ETH as https://whattomine.com says, followed by haven protocol which is a cryptonight based algorithm coin, to mine both you will need powerful sets of graphics cards like new RTX from Nvidia and RX Vega from AMD, they are very good and active

Eth have higher price and get little reward for mining and I think choose with altcoin have lower price but can receive higher reward for every mining transaction day, looking with ethereum maybe we need five months later to get profit with our mining tools but for other coin have lower price become faster to get profit and get back our money have buying mining tools.

Vishnu.Reang

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There are several factors that needs to be considered before you plan to mine a particular altcoin. Apart from the mining reward, you need to calculate the future prices as well. Almost all of the alts have lost value during the past 4-5 months (in the range of 60% to 80%), and you need to take this in to account during ROI calculations, before making plans for mining.

TanakabZX

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Top altcoins like ETH or ETC has high mining difficulties, the profits will be very low unless you have gigantic mining farm, for those who use a rig or two it's better to find new born altcoins and quickly fill your bags, once they get listed then sell

Bonenx14

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Quote from: nutriagrigia on December 29, 2019, 01:08:56 PM

my advice will be very simple for you: you don’t need to start mining altcoins on any equipment now. The return periods of your equipment will be huge. the best thing now is to just invest this money in those altcoins that you would like to start mining. this way you will see net profit faster than if you will use mining

do not forget to learn how to invest first, because without knowing the ways, he will be able to get caught up in the investment being carried out. we must learn more before investing and in mining we must understand the mining algorithm

nutriagrigia

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my advice will be very simple for you: you don’t need to start mining altcoins on any equipment now. The return periods of your equipment will be huge. the best thing now is to just invest this money in those altcoins that you would like to start mining. this way you will see net profit faster than if you will use mining

Xcode7

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Quote from: BestCryptoYear2020 on December 27, 2019, 04:06:51 AM

Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.

You can try ETH, Yes because some of us do that and also monero, even though the market is declining, you can still get a decent profit between it. Of course you also cannot expect high prices if you want to mine there, for us what is provided by ETH and Monero is enough, because your own satisfaction determines it

BestCryptoYear2020

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Thanks for every genius people suggestions.
conclusion is: eth is still good choice.

Bossfidelity

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Quote from: Bitbtc8 on December 27, 2019, 04:15:21 AM

The best profitable altcoin to mine presently is ETH as https://whattomine.com says, followed by haven protocol which is a cryptonight based algorithm coin, to mine both you will need powerful sets of graphics cards like new RTX from Nvidia and RX Vega from AMD, they are very good and active

Thank you for this information. Its always a difficult task deciding on which altcoin to mine considering the nature of the market and the requirements for mining an altcoin. I vehemently believe that mining could be lucrative, if one has the right information and is able to mine the right combination of cryptocurrency.

bgaf

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Quote from: Ridwan Fauzi on December 28, 2019, 07:32:16 AM

Quote from: BestCryptoYear2020 on December 27, 2019, 04:06:51 AM

Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.

Please move this thread to the correct board Mining (Altcoin)

At there you may find the expected answer from the miner altcoin. And also you can read some threads first because there is some information that related to your answer such as this thread https://bitcointalksearch.org/topic/is-mortgage-mining-a-good-choice-5211853

Is it necessary to move the topic there? Though the question is simply about which altcoin is good for mining is just a simple inquiry? I think topics on mining section is very more detailed and this kind of post will be rejected by mods there.

But to answer OP every altcoins out there is still profitable and you can take advantage of it if youre consumption on electricity is quite low. Like ether still good to mine, just provide a good specs of GPU.

raes

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Quote from: pawanjain on December 28, 2019, 08:01:40 AM

ether was once the most profitable coin for mining but we can't say it is the most profitable one right now.
Only the people who have a good set of GPUs have a good hashrate to mine ether. It is not suitable for all to mine ether.
Other altcoins are available to mine as well but will be a little risky since the current market is not in a bullish trend.

is not in a market condition like now can make us profitable if the market conditions will experience a pump. I am not a bitcoin or altcoin miner. but if you look at what happened to bitcoin a few years ago, don't they who mine bitcoin when the price is cheap and then experience a market peak in 2017 they are saving for the long term.

BChydro

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Quote from: luckyflop on December 27, 2019, 09:40:06 PM

I think mining is not affected by the laws of the country, no country actually bans mining. But the cost of mining in each country is different because the price of electricity and mining cost are different. I still prefer mining because it helps us to have a more stable income than trading and margin

As long as you can maintain the hardware and pay off the electricity bills then mining is profitable but with increasing difficult i am not sure if any of the coins are profitable and now if the OP is planning to invest in mining then it will not be a smart move as ETH is also changing their protocol to proof of Stakes (POS) and hence that is also gone and other than that what other coins can be profitable in the market right now.

@OP the budget is the main thing, if you are planning to invest millions then bitcoin mining farm is always the best option with the latest ASIC.

pawanjain

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Nothing lasts forever

ether was once the most profitable coin for mining but we can't say it is the most profitable one right now.
Only the people who have a good set of GPUs have a good hashrate to mine ether. It is not suitable for all to mine ether.
Other altcoins are available to mine as well but will be a little risky since the current market is not in a bullish trend.

Ridwan Fauzi

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Quote from: BestCryptoYear2020 on December 27, 2019, 04:06:51 AM

Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.

Please move this thread to the correct board Mining (Altcoin)

At there you may find the expected answer from the miner altcoin. And also you can read some threads first because there is some information that related to your answer such as this thread https://bitcointalksearch.org/topic/is-mortgage-mining-a-good-choice-5211853

biddicoin

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Quote from: andriarto on December 27, 2019, 09:11:53 PM

Quote from: biddicoin on December 27, 2019, 09:05:36 PM

The diff is already high right now. if you just use low computation, you just wasting your money
Mining is costly, you can do mining with low price but you can't get good profit.
back to your question, choose ETH and use GPUs.

Even though the price of ethereum is down, there are still many who believe in it, so that altcoin is worth investing in, moreover ethereum remains firm in the second position on coin.marketcap. choosing altcoin can bring in bigger profits, but it has a big risk as well

man, this thread doesnt talk about price, but about the mining altcoin
and I answer difficulty of mining ETH coin, not ETH price or investing in ETH

people know that ETH is good for long term, but to mine it isnt easy at all
we need big resource to get good amount. if not, it isnt worth it

mrdeposit

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Quote from: BestCryptoYear2020 on December 27, 2019, 04:06:51 AM

Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.

Since I have little knowledge about mining, I can help you with the links I found on the internet.
Take a look this link for profitable altcoins: https://changelly.com/blog/top-10-most-profitable-coins-to-mine-2019-2020/
As the best machines: https://cryptonews.com/news/top-5-bitcoin-mining-machines-ahead-of-halving-5228.htm
Also, you can use this link to calculate: https://whattomine.com

Murat

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For me, Bitcoin is always and all the ways is still profitable for the mining purpose, You have to think about the core of this cryptocurrency so Bitcoin is ultimately the base of this system, people still know Bitcoin is everything, many people know the Blockchain and Cryptocurrency though the Bitcoin, so I think Bitcoin mining is the best for mining issue, if you think about the altcoin then Ethreum will come first in terms of profit-generating aspect, I believe Bitcoin and Ethereum both have a good positive in this forum yet.

Jocuserious

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I can't confirm you which altcoins best for your mining but you can choice top altcoins in coinmarketcap. Otherwise you go mining section and search your best mining altcoins. Basically you can see here many topic about it so take can easy if you keep doing well.

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