Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Sharky444 on August 28, 2013, 09:57:45 PM



Title: How to decide what to mine?
Post by: Sharky444 on August 28, 2013, 09:57:45 PM
To decide which coin to mine I've looked for a week at these websites:

http://wheretomine.com/
http://www.coinchoose.com/index.php
http://coinpolice.com/coin-comparison/
http://www.coinwarz.com/cryptocurrency/

Now I'm more confused than before.

The stats change completely almost every hour and every one of these 4 sites have different coins in front on a daily basis.

I understand that the market is very volatile, but is there any website that does not display total nonsense?

Which site should I trust?


Title: Re: How to decide what to mine?
Post by: TheSpiral on August 28, 2013, 10:33:44 PM
To decide which coin to mine I've looked for a week at these websites:

http://wheretomine.com/
http://www.coinchoose.com/index.php
http://coinpolice.com/coin-comparison/
http://www.coinwarz.com/cryptocurrency/

Now I'm more confused than before.

The stats change completely almost every hour and every one of these 4 sites have different coins in front on a daily basis.

I understand that the market is very volatile, but is there any website that does not display total nonsense?

Which site should I trust?

I'm not sure what you mean by "trust".
All of the sites are similar, except coinpolice. I have no idea where they pull their statistics, tables are completely out of alignment, and every image is broken except the site banner.


Title: Re: How to decide what to mine?
Post by: twobits on August 28, 2013, 10:37:24 PM
To decide which coin to mine I've looked for a week at these websites:

http://wheretomine.com/
http://www.coinchoose.com/index.php
http://coinpolice.com/coin-comparison/
http://www.coinwarz.com/cryptocurrency/

Now I'm more confused than before.

The stats change completely almost every hour and every one of these 4 sites have different coins in front on a daily basis.

I understand that the market is very volatile, but is there any website that does not display total nonsense?

Which site should I trust?


I don't think it is so much a matter of trust as these sites do not account for accumulation delay.   By the time you mine enough coins and they mature and you transfer them to a site to sell the prices have changed.  I don't think you ever really maximize profit by mining what these sites currently say is the top coin to mine.

So,  pick a few coins you like...   watch the prices and difficulties and come up with your own choices.


Title: Re: How to decide what to mine?
Post by: twobits on August 28, 2013, 10:38:52 PM
To decide which coin to mine I've looked for a week at these websites:

http://wheretomine.com/
http://www.coinchoose.com/index.php
http://coinpolice.com/coin-comparison/
http://www.coinwarz.com/cryptocurrency/

Now I'm more confused than before.

The stats change completely almost every hour and every one of these 4 sites have different coins in front on a daily basis.

I understand that the market is very volatile, but is there any website that does not display total nonsense?

Which site should I trust?


I don't think it is so much a matter of trust as these sites do not account for accumulation delay.   By the time you mine enough coins and they mature and you transfer them to a site to sell the prices have changed.  I don't think you ever really maximize profit by mining what these sites currently say is the top coin to mine.  They very fact these sites exist and auto switching pools exist and use them makes them no longer tell you correctly what to mine.


So,  pick a few coins you like...   watch the prices and difficulties and come up with your own choices.



Title: Re: How to decide what to mine?
Post by: viboracecata on August 29, 2013, 01:08:10 AM
It's decided by what type of computer you have.