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Title: Altcoins - mining software - etc Post by: NL on December 30, 2017, 01:57:57 AM Dear forum members,
In the last months I made some profit with altcoins. Now I want to start mining, first small and maybe bigger when it works out well. I’m reading a lot about the subject on different sites and this forum, to find out which steps to take. Therefore I would kindly like to ask some questions: 1. Which altcoin is nowadays profitable to mine? Monero for example? 2. Is it correct that the profit of ETH is reducing and the risk is increasing (because of the PoW to PoS transition)? 3. Is it common to use a miner with Windows 10 (I don’t want a ASIC miner who can only mine one or two types of coins)? 4. Which software can best be used? For every altcoin different software? 5. Is there any special software which can mine different coins, or which has an (automatic or easy) switch to the most profitable altcoin of the time? If so, where can I find such software? 6. Do you have tips regarding which type of Nvidia card to use? Is the GTX 1060 modded the best card (hash/kwh/profit)? If so, where can I get this card? Or do you advise another type, which is still available and not to expensive? 7. Is it smart/necessary to make use of a pool? Are there any (good) free pools? Has anyone tips for a good pool (I live in the Netherlands)? 8. Are there any tips to avoid common mistakes in the mining business? Of course I would appreciate any comments/thoughts and I hope I’m not asking questions that are answered elsewhere yet on this forum (but which I haven’t seen yet). Would love to hear from you. Friendly regards, Crypto_david :) Title: Re: Altcoins - mining software - etc Post by: captaindiptoad on December 30, 2017, 02:02:45 AM Anyone got a spoon?
Title: Re: Altcoins - mining software - etc Post by: NL on December 30, 2017, 02:21:03 AM hahaha :o thanks for the reply 8)
Title: Re: Altcoins - mining software - etc Post by: browndog785 on December 30, 2017, 03:30:41 AM Dear forum members, In the last months I made some profit with altcoins. Now I want to start mining, first small and maybe bigger when it works out well. I’m reading a lot about the subject on different sites and this forum, to find out which steps to take. Therefore I would kindly like to ask some questions: 1. Which altcoin is nowadays profitable to mine? Monero for example? 2. Is it correct that the profit of ETH is reducing and the risk is increasing (because of the PoW to PoS transition)? 3. Is it common to use a miner with Windows 10 (I don’t want a ASIC miner who can only mine one or two types of coins)? 4. Which software can best be used? For every altcoin different software? 5. Is there any special software which can mine different coins, or which has an (automatic or easy) switch to the most profitable altcoin of the time? If so, where can I find such software? 6. Do you have tips regarding which type of Nvidia card to use? Is the GTX 1060 modded the best card (hash/kwh/profit)? If so, where can I get this card? Or do you advise another type, which is still available and not to expensive? 7. Is it smart/necessary to make use of a pool? Are there any (good) free pools? Has anyone tips for a good pool (I live in the Netherlands)? 8. Are there any tips to avoid common mistakes in the mining business? Of course I would appreciate any comments/thoughts and I hope I’m not asking questions that are answered elsewhere yet on this forum (but which I haven’t seen yet). Would love to hear from you. Friendly regards, Crypto_david :) I can give you a hint to 8th point: Don't bother with mining. Just buy the altcoin you like on the exchange and hold it 8) Best strategy ;) Title: Re: Altcoins - mining software - etc Post by: perri on December 30, 2017, 04:48:29 AM Started, go to buy GPU. I Suggest you choose 1070, If you want NVIDIA. But for AMD can choose RX 580 or Vega. Some analysis shows for NVIDIA series good to mining EQuihash Algo. And AMD for ETHASH algo. For software, adjust with your graphics card.
Title: Re: Altcoins - mining software - etc Post by: NL on December 30, 2017, 12:04:13 PM I can give you a hint to 8th point: Don't bother with mining. Just buy the altcoin you like on the exchange and hold it 8) Best strategy ;) Thanks for the reply. I will manage my expectations then... but I think I want to do both... I also starting to invest in ICO's and I would love to understand more about blockchain and mining, so I would love to experiment with mining in practice to get a good understanding of it and maybe, thats something extra, make some profits... Further practical tips for a starting miner? :) |