Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: fikito33 on December 28, 2017, 07:27:16 PM



Title: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: fikito33 on December 28, 2017, 07:27:16 PM
Is mining altcoins like Bitcoin become very difficult today than in the past ?


Title: Re: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: Edz_ on December 29, 2017, 03:15:28 AM
Is mining altcoins like Bitcoin become very difficult today than in the past ?

Bitcoin is not an altcoin.

Confused as to what you're asking, as time goes on and more miners enter the pool the difficulty will naturally increase, so yes for bitcoin is it MUCH more difficult today than at any point in the past, for relatively new altcoins it's not.


Title: Re: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: nc50lc on December 29, 2017, 03:27:13 AM
It will depend on the Altcoin's difficulty settings.
With Bitcoin as well as some altcoins, the difficulty will rise or fall depending on the current processing power to stabilize 10minutes/block rate.

Bitcoin's total Hashrate is too high that the difficulty had reached the moon and stars.
And it's not determined by the total time since it was started.
Like I said its the number of miners or the total Hashrate that is making it "difficult".


Title: Re: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: shibob on December 29, 2017, 03:41:24 AM
Of course it's getting more difficult especially for some big Altcoins.
Actually there are too much altcoins which could be mined out there, so some of them're dying with no hash power, but just look at the difficult chart for some top altcoins, its difficulty typically double each 2-3 months.   


Title: Re: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: crairezx20 on December 29, 2017, 03:44:25 AM
Why not try to mine new altcoin which is low difficulty other altcoin is getting difficulty increase because more people are mining just like bitcoin the more people enter  to pool the difficulty increases but its still profitable since the price of altcoin is getting increase the the profitability is there depends if what mining rig you build..


Title: Re: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: philipma1957 on December 29, 2017, 05:12:10 AM
Why not try to mine new altcoin which is low difficulty other altcoin is getting difficulty increase because more people are mining just like bitcoin the more people enter  to pool the difficulty increases but its still profitable since the price of altcoin is getting increase the the profitability is there depends if what mining rig you build..

why not pick  10 new ones at  1 dollar a coin and just buy  100 bucks worth of each one.



Title: Re: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: DefinitelyBears on December 29, 2017, 05:36:41 AM
Seems like if you mine a brand new coin like a few days old you can get a few thousand a day even with crappy hardware like mine. Of course it's totally worthless. By the time it's worth a few cents USD can be lucky to get a few hundred coins per day.


Title: Re: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: nc50lc on December 30, 2017, 03:24:16 AM
Why not try to mine new altcoin which is low difficulty other altcoin is getting difficulty increase because more people are mining just like bitcoin the more people enter  to pool the difficulty increases but its still profitable since the price of altcoin is getting increase the the profitability is there depends if what mining rig you build..
why not pick  10 new ones at  1 dollar a coin and just buy  100 bucks worth of each one.
Yup, it's totally dumb to mine a cheap coin even if it has a promising future.
In the end of the day, you will have to pay an electric bill much higher than the price of the coins you mined.

It is getting off-topic, I remembered that I already answered the OP.
Here (https://bitcointalk.org/index.php?topic=2659569.msg27133013#msg27133013)


Title: Re: Is mining altcoins like Bitcoin become very difficult today than in the past ?
Post by: reliable on December 30, 2017, 06:05:30 AM
It depends on the coin.Some coins are naturally hard to mine. It is always better to buy if you don't have a good hardware.

Also its easy to mine the new coins which are just listed or some time ago as mining those altcoins which are listed a year or or more and are the top altcoins. As the demand keep on increasing the mining part will keep becoming more difficult and some day will come where like btc it would not be easy or viable to mine btc if your overhead costs are fairly high like electricity cost, space rentals or acquisition cost etc.