Bitcoin Forum

Hello I started mining recently and I noticed there are a lot of new alt coins that launched and people try to mine them early for profits. But some of these altcoins do not even show up on exchanges.

For regular miners here; do you guys always chase new alt coins to mine or do you guys have steady alt coin mining going on with a more reputable alt coin?

Answers will vary on peoples goals of mining - If you would like a sustainable income then mine a more reputable coin, LTC or WDC as the price does not fluctuate as wildly as other new ALT coins.

If you're in for the pump and dump then ALT coins can be very profitable but the coin can always flop or never even make an exchange. If your pointing serious hashing power into a coin I think the majority will be mining a more "stable" coin.

Hi there,

My personal answer to you is I do both. But it's better if you have 2 systems running. One for the automated switch pools and one for the new coins. I believe that you are mining with GPU?

If so just divide your system, if you know how to configure a single system to divide the power to do both, it would be neat. But if you just got more than one setup, I encourage you to explore and do both.

At the moment, IMHO hashcows' got a good chance for the gpu miners in terms of highest profitable switch accuracy. - But they got a problem right now and the pool is struggling to patch things back to normal.

Also try to look for the not so new coins and look for the easiest one to mine even if the profitability % is not cloud 9, you can get more number of coins and hold them until it gets more value.

Disclaimer: Do this at your own risk, cryptocurrency has a lot of it, and this should be treated with extreme caution and only invest what you can afford to lose. E.g.: Buying mining equipment, buying coins, spending too much on coffee.

Just my BTC0.02

Happy New Year!  :D

with only 150khash/s i've gone for easier coins like zeuscoin [hoping it ends up on cryptsy soon], as well as getting on multipool.us for some returns on a variety of coins already on exchanges. hoping i can grab a 280x at a good price, this 6750 just doesn't cut it. i'm also a pc gamer so a 280x wouldn't go to waste if i lose interest in mining cryptocoins.

My preference is do both. Regularly mine steady coin(s), don't neglect to try with new coins. No one could find the nature of the coin.

If you can diversify then by all means, altcoins are certainly strange and it's hard to tell which ones will rise and which ones will fall but my tactic is to look at the ones that are getting regular updates and have a dev that communicates with the community. I'm actually surprised at how easy it can be to obtain these coins and I was wondering if I was the only one who noticed :P It is a high risk venture but considering how much you can get for so little I think it's worth it the majority of the time.

I think I'm going to trade altcoins more now just because they look so damn profitable, some of them at least >_<.

mine new alt coins