Bitcoin Forum

Hi All, I'm wondering how many mine only Bitcoin, and how many mine both bitcoin and altcoin?

Mostly people mining both bitcoin and alts. Its depend on profitability, sometimes it better to mine alts and sell them for bitcoin.

I only mine XMR.
I have created a team because it is impossible to earn alone.
So if my team reach the minimum payout...it will been worth.

Gotta do both, diversity works.

I just mined bitcoin, because to get bitcoin we can do various ways to get it, one of them by buying alternative coins or can also called altcoin. we can get all kinds of altcoin to be marketed in trade to benefit from bitcoin.

You can buy bitcoins also outside like how you do in altcoins. If you have the GPU cards in your home you will be able to make altcoins with the cards mining itself. With the ASIC hardwares you can mine bitcoins for the long time or short time. Both would be a good move if you take mining in this aspects. Now monero and zcash are growing more in the chart and people are started mining in large numbers.

I think most of miners here are mining both or just mining altcoin with GPUs.
I mined BTC before but it's hard for me to get ASIC at the beginning batches, so I moved to mine some altcoins using GPUs, it's quite flexible.

I mine only altcoins with my GPU's and often sold them for bitcoin or other better altcoins like Zcash, Ethereum, etc.
Bitcoin i can't mine at the moment, because i don't have ASIC miner, but i'm thinking of buying some to get me started.

Mining bitcoin and alcoin is technically different from each other. In order to mine bitcoin, you should have an ASIC miner as it it suitable for SHA algorithm, which is already dominated by big ASIC mining farms. In mining altcoins, you will be using the gpu of a computer. As of the moment, 3gb cards and above were the only cards used in altcoin mining, this on the other hand I think has more individual miners as to large farm. Many small time individual prefers mining altcoin since its noise is much tolerable than that of an ASIC miner.

Since I can only mine at home and the ability to get ASICs was a challenge I decided to go to GPU mining to focus only on altcoins. Also, I don't think my wife would appreciate the noise that ASICs produce since I am using a spare bedroom to house my rigs.  GPUs and a few fans don't make much noise, cant hear them at all with the door closed. ASICs, on the other hand, would be entirely too loud to use in my current setup.

Basically I did not mine with ASIC, mainly CPU + GPU only. But recently I found that it is good price and demand for ASIC based coins, maybe I should consider to get one or two ASIC miners to start now...

I mine altcoins only. Because in order to mine bitcoin you have to have special hardware miners.
Those thihgs are expensive and very loud.
So, for now, I'll stick to altcoin mining.