Bitcoin Forum

Hi
As the title says..
What do you suggest mining on 2016?

I have been mning Monero for the last couple of days (using my CPU/GPU using software Minergate.. (maximum i get is from 10 to 40 H/s) have only mined 0.011 having it on for 3 days straight day and night.. so i dont know...

What do you suggest i do for speeding Monero mining? or should i switch to another coin?

Any help would be much appreciated.

I think its pretty pointless mining these days, even with a gpu.  Anything that is worth something usually has a high diff,  you need to get in on something early, try watching the altcoin announcments section and hope the one you pick is massive eventually, although beware there has been cases of people downloading software for new coins that has contained malware.

Forget CPU mining, only do it if there is new altcoin which is not infested with stupid botnet farms, good example is steemit but they have different problem, you can not cash out now :(

Would be gr8 if someone take a concept from steemit release a POW CPU coin which can not be mined by pools and botnets, the this coin would have a big chance to be profitable and usable by honest miners which pay electricity and respect coin

GPU mining profitability is down day by day, as usual

So mining Monero isnt worth it?
Do you think it will not get higher?

Monero is basically a CPU botnet coin. So it is not worth mining it with GPU in the long term. I will just mine Ethereum.

HODL coin is one of the newest CPU only minable coins but you have to hold the coins for at least a year before you can spend them.

There is a mining calculator here:
http://samuelpj.github.io/hodl-mining-calc/

Also Pebblecoin, its cryptonight but to avoid botnets you have to have at least 13GB or ram to mine it!

Well from the looks of it for time being ETH/LTC/DOGE/LSK/DASH, are trending nicely and I think for this year those coins are the best to mine while there is a long line of coins just waiting to be mined, still these coins are most popular among others because of the price and of course exchange volumes.

For the ETC and ETH, the profitability is very similar as miners and moving between the two all the time at present.

For GPU mining, just stick with eth.  On a monthly average basis, I doubt you'll find another coin that provides a significantly higher return.

https://bitcointalk.org/index.php?topic=1610345.0

If you want to mine Monero, from what I know a CPU with AES-NI support have pretty similar hash rate as a GPU and the CPU power consumption is much lower.
With the rise of XMR price it may be profitable to mine it now, but I expect the price to fall/correct some more, so you have to keep your eyes on the price as much as you can.

I've heard nice words on ETH/ETC GPU mining, it may worth a try (I lack the hardware for that now).

if the difficulty of the Monero mining riese again, it is only profitable for the people with very cheap electricity prices.

Zcash

ZCash is not very profitalble to mine. now. If you have options, it is more profitable to mine the Ethereum now.

Dash

I would think this coin will definitely go up in the future!.

This is a joke right? You forgot there are X11 ASICs out there already?

Best coin to mine would be Zcash at the moment as it is getting stabilized and we can expect to see it gaining more price in coming months. XMR is another candidate. ETH is getting pretty hard to mine with 2 GB cards.

Not any more. It is more profitable to mine the Ethereum now.

ETH, Monero, Zcash in that order on 470 4g stock clocks with 1500 straps.

I think monero is a winner because of the low power consumption but it is cold as balls so the extra heat isn't a problem.  Depends also on your gpu arrangement as well to which coin is the best to mine, for YOU. 

All coins are in toilet

Why not mine with your hard drive instead? That's probably the best thing you can do.
Search for a coin such as BURST. They use Proof of Space by plotting data on the drive in order to measure it's capaciy and pay you in that way instead.

zcash has the same power consumption per gpu and ethereum also, so no monero is not the best anymore in consumption terms, also it's not on par with profit with the other two...

Ethereum mining with a Radeon RX 460 or RX 470 although not that great hash power is only 65 watt in RX 460 and about 85-95 watt with the RX 470. These are really low consumption cards and the RX 460 is really cheap even in price. I think the best coins to mine are ETH and ZEC with the above cards, maybe not that profitable but surely much better than monero. Monero is not worth anymore.

sigh, here we go

Currents numbers for 470 1500 straps stock clocks from whattomine

Zcash 205 h/s = 88 cents day

Monero 640 h/s = 90 cents day

ETH  25 mh      = 97 cents day

Monero is definitely low watts on older gpu, for example  290s.  Im not sure about the rx cards perhaps it is the same but at least with xmr the coin doesn't tank every single day.

a 470 can definitely do more on eth than simply 25MH, it's 27MH at least and on some heavy oc even 30MH+

didn't know that it was so fast in cryptonight, probably nvidia is toof ar behind there, a 1070 can only do 600 at best

zcash or eth baby!

ETH will be PoS next year.

when exactly?

I could not imagine that they will change their algo into PoS instead of pow or sha256 well i think it is impossible to them to do that unless if this is already their plan to convert into pos. and i can see that the price will decrease gradually because their change it into pos..