Bitcoin Forum

I feel like they are not profitable anymore, is grandcoins the most profitable? Leave your response.

it depends. this answer is correct for any other coin out there.

If you sell your DOGE on cryptsy then no, not really... if you sell them on Ebay then yes... you can still get about $100 USD / 100k DOGE on ebay if you want to risk paypal.  I suggest listings with paper wallets and send by USPS w/ tracking so if there is a payment dispute Ebay will side with you.

Lots of work, but for small timers like myself can pay the electric bills.

-Flasheart

ok but it's better to go with other coins now right?

Check a site like coinwarz.com to see which coin is most profitable atm

I do, but just want to see other people's opinions on what the most stable coin to mine for profit is.

If you're into mining, then you should seriously consider working at a multipool which switches to the most profitable altcoin any given time. I've become too tired switching manually every few minutes to the most profitable coin of the hour...

surely we can only answer if you tell us when your wanting to sell the coins that you mine?
If you commit to mining based on whats top of sites like coinwarz you need to sell fairly swiftly to take advantage of the price at any given moment - in which case use a service like hashcows or whatever.
Not sure why youd want to mine grandcoins for any other reason though heh.
I know alot of people dislike doge but its really changed my focus onto mining only the coins that have or are getting additional services built for them - i see no point mining the coins that are solely traded on the exchanges.

DO NOT MINE GRANDCOIN FOR PROFIT - You have been warned

If a Grandcoin pool estimates that you'll get 10K coins/day, then expect no more than 2,000-3,000 per day max. I don't know what's going on with that coin but it's reward estimations are way off. Those estimations are causing it to seem profitable on coinwarz.com. It is blatantly wrong.

If you are mining to support the coin then go ahead, but if you are mining for profit then you will be sorely disappointed.

I mined Grandcoin for 2 days at 2MH/s. This should have brought in 32K coins based on pool estimates (all GDC pools estimates are the same - ALL pool estimates - ALL of them). After 2 days I scraped through 10K coins and I only got that because I was determined that I must at least get to a milestone before pulling out (vanity probably). It's profitability is one third (maximum) of what is being quoted. Don't believe me, go ahead and find out for yourself.

DO NOT MINE GRANDCOIN FOR PROFIT - You have been warned

I found the same with fastcoin also. Nowhere near estimates - ever.

Doge is very profitable to mine. Especially if your creative about selling it.

Doge is the future

Im not so sure about doge being the future. Maybe for the high rollers and people with thousands invested into mining rigs, but this coin was marketed at everyday Joe's and they're starting to realize you need 100,000,000 coins to be able to trade efficiently. That ain't easy to come by at kh/s rates that are anywhere from 50-300.

AMEN BRO , so true!

so what do you guys think is the most stable yet profitable coin to mine? I'm thinking between dogecoins , casino coins, and noirbits

fastcoin used to be my favorite coin to mine when the value was low, now it's not even worth it  ::)

Dogecoin was a joke. I can't believe people are actually buying it. lol

I never wasted hash on it, at this point if a coin isn't innovative I wont bother mining it. I have seen to many crap coins come and go.

what coin do you recommend mining?

:D I just started looking into the gamblecoins a few days ago. Most altcoin calculators don't seem to work because many altcoins (GrandCoin may've been the first) are starting to introduce shit like "super blocks." So in Bitcoin mining, you can think of a share as a lottery ticket - and that's all you have, these boring, all-the-same tickets. In Grandcoin mining and in similar coins, there's a small choice you can win the Mega Millions. You don't just get the normal payout on particularly good "rolls," but maybe 500x the normal block reward.

I think this is an awesome new level of variability added in, but because these are so rare, you're generally going to mine far, far less than what a calculator indicates, which is a lot like non-scratch lottery tickets. It may be ev+ in certain progressive payout schemes, but it's almost certain that if you buy $1,000 in cards, you're going to get absolutely nothing on them. In cases like Grandcoin mining, using the same $1,000 buy-in example, you may "statistically" (going by mean) have an expected daily haul of $1,400, but the chance of getting more than, say, $400 is statistically insignificant, and if you do get those magic numbers, you'll have a daily haul of $140,000.

I'd be hesitant to suggest someone not mining doge over another alt coin because doge has taken on a life of its own and could do anything.

just find one coin that has an active dev, a decent community and stick to it. Dedication and loyalty go a long distance.