Topic: which is the most profitable alt-coin for mining? - page 2. (Read 495 times)
I think better you buy an altcoin and hold it than you want to start mining because not fast way how to get much profit with bitcoin mining, when you buy altcoin you can sell after price is up with one day or week later, but for mining you have waiting maximum eight months later to get back your salary and next month later is your chance to get profit.
You have to make a investment to profits mining or staking. Mining is very expensive and also has country legality problem. Before Bitcoin halving you should start Bitcoin mining. If you have interest in others coin than you can do Ethereum mining because after Ethereum 2.0 only support proof of staking.
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 margingenerated charges for my electricity bills almost double than my actual mine value.
You need to do research and check if you are willing to hold coins and wait before selling it as the market volatility also affected your profits.
You have to make a investment to profits mining or staking. Mining is very expensive and also has country legality problem. Before Bitcoin halving you should start Bitcoin mining. If you have interest in others coin than you can do Ethereum mining because after Ethereum 2.0 only support proof of staking.
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 marginYou have to make a investment to profits mining or staking. Mining is very expensive and also has country legality problem. Before Bitcoin halving you should start Bitcoin mining. If you have interest in others coin than you can do Ethereum mining because after Ethereum 2.0 only support proof of staking.
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 
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 wellMining 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.
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.
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.
I think Ethereum is still the most profitable altcoin for mining, but if you start now you should calculate when you will get return on investment because if buy equipment and all stuff and pay for electricity much then is on other countries you will start make profit after some months.
Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.
and what mining machine is best for that alt-coin.
You can mine Monero with your CPU. Learn more about it here: https://old.reddit.com/r/MoneroMining/
Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.
Better to mine PoS coins for now. My advice mining Staking is not too complicated for beginners, you just research the coins that have the potential and go to exchange. PoW mining for now is almost unprofitable, it also needs a GPU that synchronizes with the coins you are mining, electricity also needs to be noticed so that you can get the maximum profit. For BTC, LTC, ETH mining, only special mining companies can get the maximum profit, if you want to mine the coins that I call 6-12 GPUs, I don't think you will get anything.and what mining machine is best for that alt-coin.
It is true that mining newly released coins is indeed profitable if the price is quite stable.
altcoin has just been released and the difficulty level is still low so you can mine the altcoin using your VGA, usually I use VGA to mine the newly released Altcoin of course depending on the supported algo, try going to this discussion to get information about mining in full, I only know how to mine with Nvidia with Algo Scrypt
but you must choose the new coins that you want to mine because there are many new threads that contains a virus to steal all your documents
It should be cryptonight coins. I don't even think if you can be very profitable when you are mining another coin just like ethereum or something else as the block halving has made it becomes less and less profitable to be mined. It's better to choose the best coin that is still having small total hashrate and low difficulty rather than try your chance on the big coins. that will only waste a lot of your time.
There's no other option besides the popular GPU mining but you can try if you want to the CPU mining. There's also the consensus of proof of storage and do the research what it is all about. The most profitable coins are always the ones that are very popular.
But the technique of some miners, it's no longer profitable for them to mine those popular altcoins, because of its difficulty and that's why they are looking for a newer coin and mine it for few times and wait until it hypes.
But the technique of some miners, it's no longer profitable for them to mine those popular altcoins, because of its difficulty and that's why they are looking for a newer coin and mine it for few times and wait until it hypes.
I have made good income from privacy coins but I do not know about others as everybody has their own choice and RIO target but as for me I go for privacy minable coins.
You can try searching yourself which which suits your device, ETH is probably the most mine by GPU miners by just joining the pool. You can check the ones you can mine in coinmarketcap.com, the ones with (*) are the ones you can not mine. They however didn't put (*) to the coins that you can stake.
You'd rather be mining a coin that is listed on various exchanges such as ETH or XMR because you can be sure you can trade it to pay your monthly bills.
Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.
and what mining machine is best for that alt-coin.
There are different algorithm followed by coins and their mining process too differs.
Ethereum is the most profitable coin right now to mine and is effectively mined by gaming grade GPUs while SHA256 based coins like bitcoin and scrypt based coins like Litecoin are best mined by their dedicated mining hardware.
There are some calculators that help you to choose the most profitable one. But I would prefer to mine some more estabilished altcoin to prevent possible dumps. My tips are Ethereum or QuarkChain.
Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.
and what mining machine is best for that alt-coin.
GPUs are best imo, but honestly? your question is way too broad haha
PLUS: game theory of PoW man, if we told you what was MOST profitable publicly, everyone would switch to it
then diff would drive up, sell pressure mount, and it would NOT be the most profitable after that haha, thats how it works man
so its kinda a silly question your asking, same with what machine is best, as they all have a purpose for different coins ....
You have to make a investment to profits mining or staking. Mining is very expensive and also has country legality problem. Before Bitcoin halving you should start Bitcoin mining. If you have interest in others coin than you can do Ethereum mining because after Ethereum 2.0 only support proof of staking.
Mining is expensive method to create income but mining in red market is not wise decision. People will give many advice, such as bitcoin, eth and ltc but when red market will destroy big profit you have. I'll not stop you for mining but analyze again because built your own rig in warehouse/ garage is the best solution for miner. You need total in mining world, down trend still running and only rig can give you income.
Can anyone tell me the best profitable alt coin for mining
and what mining machine is best for that alt-coin.
altcoin has just been released and the difficulty level is still low so you can mine the altcoin using your VGA, usually I use VGA to mine the newly released Altcoin of course depending on the supported algo, try going to this discussion to get information about mining in full, I only know how to mine with Nvidia with Algo Scrypt and what mining machine is best for that alt-coin.
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