Bitcoin Forum

Other => Beginners & Help => Topic started by: Schland on May 01, 2013, 08:26:14 AM



Title: Which alternate coins
Post by: Schland on May 01, 2013, 08:26:14 AM
Hi,

I'm pretty new to mining, just 4 weeks. I'm mining BTC on GPUs, now I wonder which other coins would be attractive, technically and market-wise, to be mined on the cpu. Any recommendations? Terracoins, LTC, etc.

Thanks
Schland


Title: Re: Which alternate coins
Post by: ridgeback on May 01, 2013, 08:32:11 AM
You can use http://www.coinchoose.com/ to help you decide. It shows you profitability of many altcoins vs. bitcoin.


Title: Re: Which alternate coins
Post by: TheSpiral on May 01, 2013, 08:35:21 AM
Technically, Scrypt-based coins tend to do better on CPU's (though still not great).

Comparatively:
Phenom II X4 965 gets about 11 MHashes for BTC (SHA256) mining, a 7870 card gets about 400 MHash. In this, the video card gets 36x what the CPU does.

Same thing on Scrypt (LTC and such):
Phenom II X4 965 gets about 25 KHashes for LTC (Scrypt) mining, a 7870 card gets about 385 KHash. In this, the video card gets 15x what the CPU does.

Choosing a coin: http://dustcoin.com/mining  and http://www.coinchoose.com/  both will say if they're either SHA256 or Scrypt.


Title: Re: Which alternate coins
Post by: biiiiigsexy on May 01, 2013, 08:39:01 AM
You can use http://www.coinchoose.com/ to help you decide. It shows you profitability of many altcoins vs. bitcoin.

Oh! Very useful site!


Title: Re: Which alternate coins
Post by: empoweoqwj on May 01, 2013, 08:43:27 AM
If you are looking what is going to make you a few bucks now, something like coinchoose is great.

If you are asking whether any of these alt coins are going to be a market force like bitcoin, that's a completely different question. They need to much better than bitcoin to get any market share from bitcoin. My personal belief is that only if bitcoin collapses for some reason do the current crop of alt coins stand any chance of making it out of the mining community and into the real world.

Bitcoin v2 is much more likely to be the successor to bitcoin than an ever increasing number of wanna becoins. The more coins get launched it only serves to emphasise the people running them have no higher aspiration than "mine easy and make some quick bucks".


Title: Re: Which alternate coins
Post by: Schland on May 01, 2013, 09:24:25 AM
Technically, Scrypt-based coins tend to do better on CPU's (though still not great).

Comparatively:
Phenom II X4 965 gets about 11 MHashes for BTC (SHA256) mining, a 7870 card gets about 400 MHash. In this, the video card gets 36x what the CPU does.

Same thing on Scrypt (LTC and such):
Phenom II X4 965 gets about 25 KHashes for LTC (Scrypt) mining, a 7870 card gets about 385 KHash. In this, the video card gets 15x what the CPU does.

Choosing a coin: http://dustcoin.com/mining  and http://www.coinchoose.com/  both will say if they're either SHA256 or Scrypt.

All right thanks for the input, I will put all effort into down-clocking my S754 Sempron 1400MHz CPU, any mining on that will cost more money in electrictiy than it can generate.  :D


Title: Re: Which alternate coins
Post by: digicoin on May 01, 2013, 11:02:53 AM
You can use http://www.coinchoose.com/ to help you decide. It shows you profitability of many altcoins vs. bitcoin.

Please pay more attention to liquidity as well. Some altcoins are overvalued and hard to sell.


Title: Re: Which alternate coins
Post by: Saint! on May 01, 2013, 11:04:15 AM
How are Litecoins doing, apparently they're the Silver to bitcoins Gold?


Title: Re: Which alternate coins
Post by: msaadw on May 01, 2013, 11:24:08 AM
You can use http://www.coinchoose.com/ to help you decide. It shows you profitability of many altcoins vs. bitcoin.

coinchoose is a good site. Thanks for sharing !


Title: Re: Which alternate coins
Post by: baka on May 01, 2013, 11:30:17 AM
Scrypt currencies come with a drawback, once difficulty goes up and becomes unprofitable to mine the users will jump ship untill diff goes down leaving those with free electricity to continue mining or a untill aconsiderably more powerfull gpu comes out. SHA256 is more future proof because of the ASICs. That's probably why some consider LTC and other scrypt cryptos to be pump and dump get rich quick schemes.
Safest bet should be a hyprid PoW PoS SHA256 currency such as MC2 with some security measures against 51% attacks from ASICS.


Title: Re: Which alternate coins
Post by: procrypto on May 01, 2013, 12:39:37 PM
Agree about MC2/NTC - keep an eye on that project. If it comes off how I hope, it will be worth being on board for the long term.


Title: Re: Which alternate coins
Post by: SolidSnke on May 01, 2013, 12:47:11 PM
nice website.. but ltc/ftc for me