Bitcoin Forum

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

I think you should not exploit Altcoins at the moment. Because the profit you earn is very low and almost no profit. The price of the altcoins will not meet your electricity bill and your investment in a short time.
So I recommend exploring Bitcoin, its price is very high and the profit earned is more than exploiting altcoin.

Pay attention to the POS mining, this trend is gaining more and more strength.
It's probably not the best idea to buy graphics cards now.

I think it's worth it. Altcoins can grow in relation to bitcoin and this is a good plus. The only question is the correct choice

It's worth it if you are mining for the future.
What I mean is if your electricity isn't so expensive it's worth it but if not, you have to create a plan and just mine for the coins and sell it when it comes up. There are coins that have less difficulty and if you'll mine it and hold until its price goes up, it worth it right?

If you have cheap electricity, mining GPU centric alts can be profitable. There are many to switch between and GPU's have a good resale value if you decided to discontinue.

I guess it all depends on what coins you are planning to mine as some are way more profitable than others, add to that the mining difficulty which constantly increases, and you have to bear in mind that the rig alone will cost you a couple of grand. I do not know but I am skeptic about mining.

As for me the only alt that it is maybe worth mining is eth. And still it is better to sell it instantly if you dont want to take huge amount of risks in this unstable market. And still I would only mine it if I already had some GPU's, but not planing to buy some in hope to make earns. Mining is not so profitable these days  :-\

It worths for sure, if it doesn't why do people mine coins? but it also depends on your capital, your hardware for mining. If you have not detailed knowledge about mining you should consult someone expert on this.

unless you are looking to hold the coins which you feel has a huge potential in the near future.

If not if you mine and sell immediately, the altcoins is pretty hard to bring you profit.

It's worth if currently crypto is bull market, like summer 2017, you'll earn a lot of $$$ if you start mining altcoin last year, I believed that 2018 bull market maybe start soon, so maybe ask again when you start to mining altcoin, but start now= NO, you need to prepare a lot of money to setup mining hardware and pay bills, current market better direct buy some altcoin and hold for profit

Definetely worth both. Furthermore, my acquaintance mines some coins for quick selling. they are like scam, but profit will be enormous if you sell them in a month

Yes it will be profitable, however always consider the following before investing in mining:
1. Mining hardware: prices differ depending on demand as it will affect your ROI.
2. Mining difficulty: as the prices of crypto pushes up so does the difficulty in mining.
3. Electricity: because price of electricity will differ from region to region.
4. Temperature: mining will emit heat and with heat hardware will overheat so depending on the climate in your area you should need to procide adequate cooling.

that is good plan because now all price coins not stable and now like before so when you start mining now its not worth it but next year i think all coins will growth more than now so when you start mining you will get worth the price

In any case, we should remember that counting profits is worth the money spent and lost opportunities when buying and starting the mining. Do not forget that your profit should be based on how much money you saved and how much spent those people who decided to purchase coins directly, refusing to mining. If this profit exists, then the mining makes sense :)

I think you should be looking Vertcoin, here to reason why I suggest that. One you can mining Vertcoin just with one click, so if you is a newbie, that easy too mining  ;). Two Vertcoin has active Segregated Witness at 05/2017, it is a one in altcoin active Segregated Witness. Three, Vertcoin testing Lighting Network and final Vertcoin can trade in big exchange like Binance, Bittrex, Upbit and Polo 

It is depends on the coin you want to mine. And for me there was no good thing in mining altcoin because of low value of other coin and ofcourse you should put huge amount of capital to have a good mining pc.

It may be profitable only if you have cheap or free electricity or if you find a promising project that will rise in price in the future. Otherwise it's so much competition in the mining business it will be hard to stay profitable. I'm trying to find a gem with CPU only algorithm, which is a nice niche since other algos are monopolized by big GPU or ASIC farms.

Altcoins are a good alternative to bitcoin: they have even more profitability than the most popular crypto currency, and the rice is not much bigger. I would recommend distributing funds among several crypto-currencies: even if only one "shoots", the income will be much greater than when using advertising tools.

Why worth time and capital? Its not, wrong thinking. People getting more interested of mining. Mining now best way to earn/make money.
After rising of mining your coin price, Then When you see the rate you will so much happy.Mining is not worth your capital, it will give you currency.

mining is not relevant already, if it is not industrial scale. As for me, the pampering and a waste of time

I'm. Starting to think of this too but is it really good to mine altcoin and if yes what alstcoin are mine able  now..  I haven't seen any around apart electroneum

At the moment, if you do not have free electricity, only Bitcoin will cover your electricity costs. While the price of Bitcoin is at $8k all your mining will only cover the cost of electricity. So think about it, maybe you should just buy and keep cryptocurrency.

Are mining rigs available in your region?
What about the electricity cost and weather?

Mining isn't make profit nowadays.But next year we dont know maybe you can gain profit.Mining need too much electiricty and its much cost.

If you find very cheap electricity in this way you must! But if you will start business with same rights like everyone then you should not.

Mining , it cost a lot of money.Nowadays , people dont doing mining.Because , its not giving profit.But who knows, next year.Good luck

It depends on the cost of electricity in your country or area and if it is good then you can mine the altcoins by choosing the right altcoin for mining otherwise it is not wise decision to mine the altcoins. You better go for Bitcoin mining as it is highly recommended to give you good returns in mining business comparing to other altcoin mining based on their cost of production. I prefer to go for cloud mining because of pool mining is not been practiced on a high scale in our country as the cost of electricity is really high.

Yes it can totally be worth the time and capital if you mine the right coin and you have the right price for power. Try to pick coins that are ready to take off in value, such as SiaCoin. You can mine 100,000 coins in a year so if you believe in the project it can be a very profitable investment.

It depends on how much money you are willing to spend on mining equipment, where you live (the cost of electricity), for what period of time you want to return your money. There are a lot of factors, you need to analyze it well before starting

As mentioned electricity is the one that makes the earning one makes through mining. Very few countries around the world has got the reduced electricity consumption and mining by that locations help with increased profiting. Another thing is the capital funding, more the investment more will be the profiting and small scale mining is not that effective and not that profitable.

At the heart of any economic model is a mathematical calculation. Before deciding to start mining, you have to solve many issues related to the acquisition and launch of equipment, the availability of cheap electricity and a suitable climate zone. Yes, and the changing market conditions, can significantly affect your plans. Having weighed the pros and cons, it may be more profitable for you to buy already ready coins than to mine them.

Absolutely if you can secure bulk hardware that is giving you a discount for ordering bulk. Also, make sure there is some way that you will be able to repair or service your hardware if it becomes broken.

You can pick any type of algorithm so don't feel like you need to buy ASICs or even a ton of GPUs. Make sure you know what the breaker lines in your house go to so you don't blow fuses and have fire hazards from too many watts.

I don't know about ETH, but Monero mining difficulty and network hashrate dropped significanlty after their ASIC resistant fork recently. It all depends on your rig hashpower, but there are many calculators, so the most efficient way is to test which algo gives you the best results by testing it for a few days/weeks. Can you specify what kind of rig will you be using to mine?

If you like mine, make sure you use preparation for mining is complete. and most importantly if you like mine don't look for mining sites. It won't give you a big profit. only this will take time but to no avail.

so far, I feel that minning altcoin is more advantageous than bitcoin, or eth. well, we know that life is a race. there have been many miners out there who have more sophisticated equipment than we have. so, most likely to compete with them, utilizing altcoin is a great goal.

CMIIW.

Instead of mining you should try to invest in Proof of Stake coins. As POS is gaining steam and you get a decent reward for staking your coins. Also mining isn't easy now and the reward is too low nowadays and the capital investment required is also high. If you go the POS route than you also gain from the price increase that the coin goes through.

this is so quickly developing industry, that it's very difficult to predict what will happen next year. Bitcoin mining is mostly profitable for large mining farms, not for small miners. You can mine something and hope the price grows, but it's easier to buy for that matter

Where are you from?Do you even read the thread?

You should try to read the latest news again about that, how the majority of miners are getting frustated caused by asic miners. mining is not worth anymore. MN or staking will be much better compared with mining. Longterm ROI, wasted a lot of energy, ASIC domination. All of them already enough to be the reasons why mining is not profitable anymore.

There are many altcoin that have a potential to increase but if you're an beginner i think you should try bitcoin first.

Even if you will find cheap electricity, you have to take into account the cost of equipment.
If the payback period is more than 1 year, I would not advise. Consider that the difficulty of mining is constantly growing

have you ever make list of things to buy when you do the mining thing? Also what kind of computer you need to mine if you are going to use computers, like memory, processor, electric bill per month, if your budget is $15,000 to starts then it is better to allow your self gathering materials with that amount, then observe how will your income goes in the first 3 months... if it goes well then you can expand little by little..

Yes, of course it is worth spending time and money. Mining is and will be a very promising industry that can bring crazy profits. I think if you successfully start, then in a short period of time your investments will pay off and you will receive a net profit.

I am fully agreed with @Cryptothreads. Now alt coins mining is not that much profitable comparing time and capital. You will have to invest a lot but return is so low. Even you have to be in mental pressure to control the load.

I guess it all depends on what coins you are planning to mine as some are way more profitable than others, add to that the mining difficulty which constantly increases, and you have to bear in mind that the rig alone will cost you a couple of grand. I do not know but I am skeptic about mining.

I would rather suggest you to buy altcoin this year. The prices are low right now. It's the best time to invest now.

I recommend you not to invest in Altcoin right now. Since the benefit you win is low and no benefit. The cost of the altcoin won't meet your power charge and your interest in a brief timeframe. So I prescribe investigating Bitcoin, its price is high and the benefit earned is more than investing altcoin. Bitcoin is the leader of the market and it is the wise decision to invest in bitcoin.

It worths without a doubt, on the off chance that it doesn't for what reason do individuals mine coins? yet, it additionally relies upon your capital, your equipment for mining. In the event that you have not point by point learning about mining you ought to counsel somebody master on this.

If we are talking about mining then I think that today there are a lot of people, people make the conclusion that they buy the tokens on the stock exchange, because today extraction and ordinary purchase are very often equal, it became non-liquid.

I will suggest you not to invest in Altcoins next year. Instead of investing in Altcoins you should invest in bitcoin in this year. Because the price of bitcoin is low now and it will rise soon. ??? ::)

Crypto currency has a unpredictable future. Now a days the price is remaining quite low and this is the best time for investment. In the next year if price become bullish then it would be very hard to invest on in and a lot of capital would be needed. So, if you have sufficient capital right now, invest on it. ??? ???

I once engaged in mining and I think it was not worth it. There are so many problems with technology. Now I'm trying to earn something in the bounty.

Nowadays the crypto currency market is not stable but from my perspective i think the situation will change in recent times. When you will get the mining of altcoin it will help you.

It all depends on the type of equipment and initial investment. For example, such crypto-currencies as Ethereum, Monero, Zkash can be mined on video cards. This is much more profitable than mining of Bitcoin in today's conditions. In general, I can say that with the current trend of price growth, if you are comfortable with the payback of equipment during the year, mining can be called a profitable business.

What do you mean by in the next year. Do you mean that you are planning to mine altcoins next year? Cause if that is the case than let me clear it to you that you are already too late to the party and waiting till next year is going to be of no use as mining would most likely be replaced with something much better like POS or DAG tech.

I think if mining is more interesting if your mining is ethical because it's eth enough to hold it over many years because eth is too high but eth we just wait to wait and hold it waiting for the eth rising bitcoin is the height of eth so eth's better mining

It really does not take time and profit is very much only when you get a cheap electricity. If you can find a source that costs from 0.08 to 0.1, that would be a very good condition for you to make a lot of money from altcoin mining.
I encourage you to exploit bitcoin because its current price is quite high. You will get back fast if you have excellent diggers.

It's better to mine the Ethereum or separate coins with your own blockchain technologies. Altcoins as far as I know can not be mined. Recently, mining does not bring a very large income. As evidenced by the drop in prices for video cards.

Yes if you have good energy prices then mining altcoins is a great idea. But try to pick one that has actual value and not one that is just promising high returns. I like to mine Monero.

Mining altcoins is also a good choice, however you need to focus which altcoins are good for mining industry, because mining is so expensive material that needs a high value of profits returns, and in order to earn more income on mining altcoins, just select the good altcoins that performs good market price value.

I have enough experience with alt coin mining.I mine BTC,ETH and ETN i bought high configuration pc and other hardware instrument but when i started mine i' am really disappointed because in 24 hours my earning only 30$.Now i left from mining.

Honestly I think that you are late with mining because now it becomes less popular and next year I think that there will be almost no coins with the PoW protocol ..

I prefer you not to invest in Altcoin. Since the 1st time the rate were low and no healthy profits. So I suggest you to investigating Bitcoin, its price are high and the benefit earned is more than investing altcoin. Bitcoin is the leader of the market and it is the good decision to invest money in bitcoin.

Mining altcoins may be worthy, but you must know the best coins. So far, I think ETH is the best coin to mine. However, you must have the big capitals to buy the miner and all things that you need. They may be pricey. Higher the capitals you put, higher the result of the mining. However, you must be patient. Mining ETH may be good but you cannot make the big profits sooner.

Mining is one of the activities that will guarantte your income and posibly good profit in cryptocurrency! These days , mining are becoming profitable and new software  and development are ensuring the mining is becoming optmally profitable!

Personally, I think, it can really be worth the time and capital if you mine the right coin and you have the right price for power. if there is no wise decision to mine altcoin. You should go for Bitcoin mining because it is highly recommended to give you good results in the mining business compared to other altcoin mining.

If to invest I tend to choose Bitcoint, because bitcoint is the highest value among other crypto currencies, and certainly with bitcoint investment we will get satisfactory results, about the fluctuating situation that I think it's a natural thing in the world of crypto

Proof of stake does seem to be gaining traction as a way to generate further income from a coin and if you have an adequate amount running a masternode. However I have been trying out mining some nimiq which runs in the background on my machine whilst I am working anyway so no additional bills just a little reduction in processing power.

are you sure you and have capital as well as complete facilities to mine? If only playing small certainly will not have the advantage that you can enjoy from mine. be total and remove all the capital you have if seriously want mine new and so can get great results.

I don't think to mine the altcoin. It needs very big capitals to buy the tools and equipment and maintenance. The profits are small for some coins. Now, I prefer to focus on bounty or trading the altcoins. It is a good chance to use the opportunities to follow the crypto development.

Very feasible if it has its capital, and it is advisable to mine altcoin which is good for the future in order not to waste its mining, because mining is if using the standard capital will be long for its turnover, and is recommended for mining ETH or XMR :)

Monero (XMR) good for mining in this year. I think that price will be 450-550$ by end of this year (today we can see 162$). How do you want to do that? GPU?

mining will bring a lot of profit for you. I have been exploiting large quantities of Bitcoin with a series of mining machines. Its profit for one month is up to over $ 36k.
I do not lie. Hope you will find a cheap power source to be able to exploit the best possible.

Heya guys

At this point with the market so shaky, is it worth starting up mining Altcoins considering the startup costs, the difficulty levels of various coins right now still working in a PoW system or is it smarter to just invest and trade them like everyone else?
For example the Bitcoin Cash difficulty level is:
Current BitcoinCash Difficulty: 533,490,993,486.88900000
https://www.coinwarz.com/difficulty-charts/bitcoincash-difficulty-chart (https://www.coinwarz.com/difficulty-charts/bitcoincash-difficulty-chart)

The Monero Difficulty level is:
Current Monero Difficulty: 55,349,291,072.00000000
https://www.coinwarz.com/difficulty-charts/monero-difficulty-chart (https://www.coinwarz.com/difficulty-charts/monero-difficulty-chart)


https://www.coinwarz.com/charts/difficulty-charts (https://www.coinwarz.com/charts/difficulty-charts)

If you do not want to invest in computer hardware, then the only way is to PoS. There are no other possibilities. If you want to mine, then I advise you to use video cards and create farms, and once every two years to sell video cards and buy new ones. To buy special miners, this is a very segmental step that can drive you in the period

Mining is still a good idea even now when the market prices are down, all you have to do is that after you have mined those coins you would have to hold them for a long time for the prices to go back to a high one. Regardless of the low prices now, mining is something that will always bring you coins whether the market is in a bear or a bull market, if you can afford it then you should be a miner.

You did not write the question correctly. It all depends on which altcoin you are going to mine. Which equipment you will use to do that and so on. Correctly prioritize and maybe you will manage to earn.

excess mining is able to produce altcoin every day. if you want to mine in my opinion it is good. and make sure you mine a good altcoin and prepare the capital to buy mining tools.

I think it's worth, but you need to choose a good altcoin. When bitcoin is growing, altcoins going with him too. You need to choose a nice one.

@jack05

Exactly, finding the right coin is the key to get the most profits in mining altcoins game. I think the most important thing is the team and community. The project has to be steadily developed, with clear goal and regular updates and has to have active community that supports it.

I am considering some rigs that are best to mine eth but I am not just sure because they might suddenly switch to pos anytime soon. Are there eth miners here? When do you guys think the pos will happen?

need a big capital to provide full facilities for holding. Although he could with small capital even free but mine with it will not be able to get a lot of results and even only to lose time as well as the cost of internet is needed. If you want big results from mine then it should be total in terms of cost to provide electricity which is great too.

Instead of wasting your time and money mining altcoin
Get a good working laptop, a better mobile phone
Activate a long term data connection and basically start airdrops and bounty campaigns on a full scale without doubt, worry or fear of failure

After which am sure you would get tokens, trade those tokens and become richer than you have been before
Ignore mining, it is basically a waste of time and a waste of resources

I think it's worth investing in both bitcoin and altcoins, some altcoins can grow very well and give more profit than bitcoin. Diversify your portfolio. You can also make bounty and receive tokens! good luck!!!

What I mean is if your electricity isn't so expensive it's worth it but if not, you have to create a plan and just mine for the coins and sell it when it comes up. f you do not want to invest in computer hardware, then the only way is to PoS. There are no other possibilities.  There are coins that have less difficulty and if you'll mine it and hold until its price goes up, it worth it right? I don't think to mine the altcoin.  ;)

In any case, you must remember that calculating profits is worth the money spent and losing the opportunity when buying and starting mining. Do not forget that your profits should be based on how much money you save and how much people spend deciding to buy coins directly, refuse to mine. If you do not yet have detailed knowledge about mining, you should consult with an expert on the matter this.

It depends, in the current situation mining is not profitable since the price is relatively low for monthly expenses in mining however in the future if the prices increase then it will be profitable because you'll get alot of profit than your monthly due

Why not try for mining just obeying the bitcoin? I think in terms of mining, would be more promising for mining bitcoin. Also clear advantages it brings. Though you also require considerable capital. And also butub free time very much. Good luck, good luck for mining.

Mining altcoin is not the best option. You should dig bitcoins and ETH. If you get bitcoins and eth, you can freely buy altcoin in the market. I think altcoin suitable for a small amount of capital investment is not suitable for mining.

i think if i have a rig for mining i would go mining, just need to accumulating the cost of all the gear and compare it to the revenue from what i will collect with mining certain alt coin, basic logic is if alt coin worthless to mining why people go mining? so i guess it is worth it.

In my opinion, Altcoin mining may be good because many coins promise you for the future, but you must know the best coins. I think ETH is the best coin for me. However, you must have the big capital to buy the miners and all the things you need. They may be expensive. The higher the capital you enter, the higher the mining results. Hopefully, you are lucky.

I think you should not exploit Altcoins at the moment. Because the profit you earn is very low and almost no profit. The price of the altcoins will not meet your electricity bill and your investment in a short time.
So I recommend exploring Bitcoin, its price is very high and the profit earned is more than exploiting altcoin.

I think it's a very good solution if it's done in the future, to mine is not easy, it takes a lot of capital to mine altcoin, you also have to learn from now.

 The higher the capital he enters, the more will be his losses. Moreover, he plans to do it next year. Besides, you offer ETH...  ::)

You should focus on mining ethereum, ethereum is not like any other altcoins, its product is the proof that ethereum will be a huge success in the future. If you want to invest a high end mining rig with the most expensive graphics card, then I suggest to go in ethereum. You can gain big net profit for a monthly period if you only choose the best parts of the rig. Good luck.

The legit Altcoin for mining today is Ether with Ethash.
Block time ranges 15 seconds and reward block 2.91

Mining altcoin is good if you know what you are doing and you have knowledge of hardware, especially in troubleshooting in order to maintain your mining rigs. Nowadays GPU's are so expensive due to the shortage because there are so many miners in the market today, which caused quite low profitability.

I think it's worth it. Mining has always been a lucrative business, so if you want to make a profit, then of course you can invest in a mining farm and, after a while, be a great businessman 8)

Don't ever mine if you don't have a dedicated machine/ miner for it.

I tried and ended up damaging my graphics card. Totally not worth it.

Mining Altcoins is cool idea actually, but it all depends on you actually, if you can do the whole thing smartly you will definitely become a gainer eventually man.

If you have cheap electricity, mining GPU centric alts can be profitable. There are many to switch between and GPU's have a good resale value if you decided to discontinue.

Remember to take into account your cost of electricity. If your computer/server is running anyway, you might as well have it spend its free time mining altcoins, but every dedicated machine you buy will cost you extra power to run.

Mining altcoins is not profitable yet, thanks to the bear market we have altcoins on sale, electricity is not cheap, also HW for minining costs a lot of money, so I recommend rather to buy altcoin rather than mining.

I get Bitcoin Gold. At a given moment, because of the high cost of electricity, I can not afford to sell this coin from loss. I keep until the price Bitcoin Gold will not be $ 100.

If u have the intention to mining, u should pay attention to the tools first such as a special CPU for mining and large electrical power, then u must to analyze the token u want to mine, whether it is easy or not. Then u should really analyze the future price of the token. And the conclusion is everytime and everywhere u will mining it's worthed provide you have an capital and everything tools for mining.

I would suggest to invest in mining ICO project, like Ambit Mining - it is one of the good ICO and will have perspective, so you will invest less money and get more profit. I think it is more wise.

According to this, it is very profitable. if not why people mine the coin.
but it also depends on your capital, your hardware to mine.
indeed it is also there are risks. But you have to do it carefully.

Sure, altcoins can grow pretty well, but at the same time, there are some things, like electricity most importantly, the amount of capital he has, the fact that he would have to settle for the long term with the altcoins giving some really good push in value and that is the only way he would not get frustrated at the end. However, I would be careful because gradually trend is changing from proof of work to proof of stake and it is important to try to blend with the trend than end up making the wrong decision.

The next year you said is too far away. I cannot give you an accurate answer because the current market is ever-changing. The current market is no longer suitable for novice mining because of the possibility of losses!

mine is an altcoin job that very result. but to achieve that need capital in order to get a profit from mining it. a lot of things have to come to be able to get the bounty to the maximum. mining will be promising if you have capital and facilities great also.

Definetely merit both. Furthermore, my experience hole any mints symbolizing agile oversubscribing. they are congruent gip, however reinstate testament be marvellous whether you sell them in a month

with increasing levels of diff in bitcoin mining, many people are beginning to switch to altcoin, and altcoin also provides higher returns in terms of volume quantity, the initial capital for mining is the same but there are some points that make bitcoin still the top choice, but this trend will soon be changed mainly after 2021.

Well, we cannot assume if he is actually getting some pretty good electricity rate right now though and in that case, he may not have to spend so much when compared to mining bitcoin. Bitcoin mining right now is a setup where you need a lot of money before you can even start considering it.

However, with altcoins and some few capitals, you can set up something and focus on the long term as the potential is there for some pretty good ones and you could make a lot from their bull runs.

In my opinion, If you have cheap electricity mining can be profitable. There are coins that have less trouble,
and if you are going to mine them and hold them until the price goes up because it's worth it.

You should consider that some long term investment anyway and depending on electricity and the amount of capital you have to set up a good miner, you should at least want to consider you initial capital first right which in this case, you may have to wait a while to hit that before thinking of raking in some further profit. However, in the phase where these coins end up growing in value hugely, that is where the main thing comes and what some miners always look out for though.

I guess a lot of people are staking right now than actually going the mining gadget way and I believe over time, we may actually start getting to see more POS than POW. I totally dig this as it is always good to follow trend in whatever you want to end up doing and it would not be a good idea holding some GPU that will end up utterly useless in the long run except to be generating dusts wherever you keep them.

Mining competition are getting strong today, but it is still gaining as crypto transactions are wildly increasing and it needs more miners to make transactions faster. Most probably it could be more profitable once crypto acceptance by big establishment as a mode of payment.

if you want mining in smartphone you can mine Electronium(ETN), its a good mine to smartphone,
if you want mine in windows you can mine use nicehashminer software and if you want mine in cloud server you can mine in genesis for lifetime mining

Mining of altcoins have recently shown to be highly profitable when compared with bitcoin mining. Infact, the complexities in bitcoin mining alone is much and as such, we've been able to observe that in order to make good capital from mining, altcoins mining is the best.

You may find a suitable candidate that will eventually grow into a large value coin but it seems like the model might be changing to proof of stake rather than proof of work so its difficult to assess if investment in additional equipment will pay off well.

Personally, I think mining is not profitable unless you have some really deep pockets for the latest mining equipment. And coins like XMR can change algorithm formula anytime.

If I bought a year ago instead of mining equipment bitcoins, then I would earn several times more. As this year will not know, but in view of the emergence of ASIC for zcash probably still less profitable.

Yeah i agree. You must also know that you need to have better equipment and resources when you start mining, and besides you must also now that it will cost a lot of money. So if you have already summed up all your expenses and is already ready, then you can start it, but mining of altcoin is not that really profitable for now IMO.

it's good to be mining especially if bitcoin is high today for altcoin prices but right now it's a good idea to minimize today's better mining when the price of bitcoin is expensive because mining is expensive but it's also great mining kit

i think mining was worth to try, when market was drop so mining was an alternatif for us to still get profit by doing some mining besides trading.

You will be paid well if you have the knowledge to choose the form of exploitation
There are bonus campaigns and airdrop events for you to join free operators

In my opinion, you need to invest in the altcoy themselves, and not in their prey, it will be more productive!

Depends on what you are going to mine and what hardware to use... Mining is stable activity, check electricity prices and find out what to mine at whattomine.com

Depends on many factors. The local price you pay for electricity, how much you're paying for equipment, the weather and how difficult it is to keep the equipment cold, and most importantly, how much is your ability to hodl your altcoins for the right moment and not selling them immediately.

Mining worked perfect years ago. These days with higher difficulty it's hard to say, but I believe it's still good if you add hodling to it.  :)

Mining altcoins is a very profitable thing if you have a very cheap electricity. You invest once in the equipment, and then you start to mine your alts. However, you should be ready to be in profit not very soon.

According to this, it is very profitable. if not why people mine the coin. but it also depends on your capital, your hardware to mine.
indeed it is also there are risks. But you have to do it carefully.

Exactly. The price that you have to pay for electricity is much high, in my country almost miner all complain about the price this year because it increased significantly. There are many good coins to do mining such as Vertcoin, Hodl coin, Verge and so on . I give you an offer to mine Vertcoin. It includes some reasons. First up, you have much more convenient when mining vertcoin, anyone may mine it to get a benefit. Especially you are able to mine it with a normal computer. Next, Vertcoin uses lightning network for instant blockchain transactions. In a nutshell, you would have more advantages when mining vertcoin. However, I advise you to find more information and have an intimate knowledge before mining any coin.

According to this, it is very profitable. if not why people mine the coin. but it also depends on your capital, your hardware to mine.
indeed it is also there are risks. But you have to do it carefully.

I suppose mining is more suitable for big farms. Having 1 miner at home is not so good due to small mining capabilities and rather big equipment cost 

No. Even if you have cheap electricity it will take ages to ROI, you may never ROI, the cost of GPUs is too high now.

no not now a few years back it was a good idea but not now the price of all the expenses is nuch more than what would one get in return and all the government policies have made it even more difficult

That is worth to mine Eth nowdays. And of course with cheap electricity. Money you spent for making farm came back in a few months.

Yeah, mining is totally worth every single penny that you put into it, so do it. I suggest to you to mine ethereum, pretty good coin

I don't think to mine the altcoin. It needs very big capitals to buy the tools and equipment and maintenance. The profits are small for some coins. Now, I prefer to focus on bounty or trading the altcoins. It is a good chance to use the opportunities to follow the crypto development.

It is reckons on the coinage you hope symbolising to lode. And symbolising me thither was no fortunate creature in defense altcoin as of utter payment of unlisted coinage and ofcourse you should deposit brobdingnagian immensities of uppercase to accept a fortunate defense pc.

According to this, it is very profitable. if not why people mine the coin. but it also depends on your capital, your hardware to mine.
indeed it is also there are risks. But you have to do it carefully.

Mining altcoins isn't gainful yet, on account of the bear showcase we have altcoins marked down, power isn't shabby, additionally HW for minining costs a considerable measure of cash, so I prescribe preferably to purchase altcoin instead of mining.

there are so many firms that you can't beat them . and embarrassed the approximate payback period from one year and above . this is with a positive market .

I think that idea is really good and profitable. It is possible to make good money on this deal just be more careful and patient for you profit in future.

I incline toward you not to put resources into Altcoin. Since the first run through the rate were low and no sound benefits. So I recommend you to examining Bitcoin, its cost are high and the advantage earned is more than contributing altcoin. Bitcoin is the pioneer of the market and it is the great choice to put cash in bitcoin.

Mining alts is not so profitable way of earning and as other participants say it will be dead soon because even in the real time its trends are decreasing.

Mining is as yet a smart thought even now when the market costs are down, you should simply that after you have mined those coins you would need to hold them for quite a while at the costs to return to a high one. Despite the low costs currently, mining is something that will continually bring you coins whether the market is in a bear or a positively trending market, on the off chance that you can manage the cost of it then you ought to be a mineworker.

Mining is a way to get a few more of your favorite coins. You might have to put in so much time to be able to get something meaningful out of it though. Depending on the type of coin you want to mine, you might be required to have access to some tools and equipment which might be quite expensive to purchase.

Now it's not the best time for mining, but if you believe that mining will live on or that times of super-profitability will repeat again, now is a good time to buy equipment and prepare it for work.

The deal will go away soon, it does't bring so much money like trading bring for example and there are not so many reasons to do it any more time.

Mining is still taking part on the cryptomarket but in the smaller way, and mining such profitable altcoins like ETH will be the good alternative for trading and buying.

If you have a capital of 10,000 USD, then you better trade on Bittrex because Mining is expensive at the cost of electricity.

I suggest you buy SIA coin at 60 satoshi, because SIA Coin is about 150 satoshi and above.

If you want to mine Bitcoin it's very difficult for now, because the competition is tight and lots of cool hardware.
Ethereum might be my advice for you because with Ethereum it's still open for every cryptocurrency mining.

I think it's better to buy coins and use the funds that were going to invest in mining, as now the prices are very good, and the extraction of coins now gives a very small profit.

In my country, operators are gradually selling their VGA cards, as it is no longer profitable. This prompted me to think about the 2014, when Mt.Gox was hacked but after a few years, people still exploit to profit as a job. So why do we sell it now?

I have told many of my friends who have mined altcoins. profit is very small and capital costs are very large. he suggested to me to become a trader

I still believe that mining is the safest way to earn money till this moment. I think that people who don't want to trade or be so 'active' here will choose mining as the main way of deal.

Mining was a mainstream not so far but its popularity is so low now and I think that it is used now only by people who are there for so long time. I am sure that the risk of this doing is the lowest but the profitability is not so high at all.

If we understand the current financial condition, I make sure I don't agree with mining.
But surely also from mining it produces a coin and we also have to look at the cost of electricity and computer maintenance.

I think it's a great idea, and it's a good time, and I think it's a good time to invest in the future, but know that you're going to have to be patient, because it's going to take time.

Why not? It seems to me that this is quite a normal activity, because lately the main projects that require mining start to become not profitable, so I think that very soon everything can change radically.

You better trade cryptocurrency at Bittrex and Binance.
You can't trade every day and I recommend for Altcoins stock because now the value is low and buy it at the lowest price.

everyone who searches for coins with mining complains because of the declining value that caused a small profit for this year, many miners are starting to stop the miners and start joining by trading because in low market situations it is very easy to make profits through trading.

good plan, for now you must choose what hardware will u use for mining.
and for coin you can check at whatomine site, for coin with best profit for your miner.
good luck

Well, I think it's a good discussion, but I haven't really mined altcoins yet. there are some alts that can be in the mine that I know. maybe you should try to learn it first in order to be sure of every opportunity you will get, and if it is more feasible for bitcoin maybe bitcoin is the only best option

There are two kinds of mining PoS and PoW. I think you will be interested in PoS :) Thanks

Mining now does not justify the funds that have to be spent on it. I think that soon mining will completely disappear, because of the change in the protocol.

Well I think it really depends on where you are currently residing. Because electricity and the temperature of where you are living can be major factors in mining. So if you are living in country where the electric bill is expensive, and with the current price of altcoins, you'll be in loss.

Mining is no longer profitable, big companies are so strong and you cant competite with them. Also the price of altcoins is so cheap,so you will not be able to sell your altcoins for a better price like a year before.

And also depends on the condition of the market, and also the altcoins that you want to mine.
If next year the crypto is like what happened now it's obviously not worth it.
Just do mining altcoins in the right time that you can get profits.

I don’t believe it would really be worth the electricity.
If I was to mine, I would mine Bitcoin.
Unless you had access to a huge amount of renewable energy! 8)

I think mining altcoins, now is not the best idea, the profit will not cover all the costs and spending..I think you should pay attention to other mining methods, such as POS(if you have nothing to do)...but in any case, now mining is not profitable

 “The nation’s cheapest power, produced at hydroelectric dams on the Columbia River, has ignited a boom in mining for bitcoin and other cryptocurrencies that is transforming the Mid-Columbia Basin, three hours east of Seattle. | Patrick Cavan Brown for Politico Magazine“

Whales are closing in hard on cheap/renewable energy sources all over the world right now.

if I have enough money, I would prefer to buy some bitcoin than for mining altcoins, because for now I think mining altcoin is not very profitable, the price of mining tools and operational costs is getting higher but the price of altcoin is getting lower

If you compare it to bitcoin it is no match. The value has really big difference in which you can realy say that you are just wasting time and effort if you look at it. I highly suggest to still mine bitcoin because of the high profitable rate. We can say that this might have volatile market but other coins also is.

It depends on the altcoin you excavate, and more than 50% of the altcoin has no excavation value. If you plan to enter the mining industry, you can consider Bitcoin and Ethereum!

If you have good energy supply that's relatively cheap, mining is good provided you can afford your mining equipment.

It is easier to buy them and to trade than do mining I think but mining is the lowest in risks and you could do nothing about analyzing, often checking and so on.

Altcoins are good for buyin and trading, rarely holding but mining is better if it is used with BTC because it is profitable and will cover all spent resources.

Hello there! I suggest you mine only if you have a good mining equipment. Make sure it is optimized to be the best when it comes to the consume of energy. With patience mining will be a good source of income.

It is good to mine but choose to mine bitcoin because as you can see it is more have the future to grow than altcoins. And I think you just wasting your time and capital in mining some altcoins, if you choose bitcoin you will notice that it is more profitable than mining altcoins.

Before you start, you need to know how much electricity fee in your city in a month so you can calculate how much money you should pay. Then you need to have a budget to buy the hardware for mining. You can buy the mining rigs which is available, and you can directly use it without a problem, and I am sure that it will cost much money. Then you need to determine the coin you want to mine because if you can get the right coin, then you can be able to earn nice rewards in a day. It will depend on the coin itself to get a big reward so you need to try one by one for the coin.

Mining requires much of investment, time and less of effort. Although, if you are able to invest so much into mining, it would yield good result in lesser time, compared to investing little into it.
Sometimes, i advise those who are very busy with their works, to consider mining as an option to earn some coins.

It will be depends how made organization the process. Your choose in token. The main will be general state of the cryptocurrency market, because in falling you will not earn much.

Traditional mining does not seem as profitable as it was before. You shoudl look for alternative ways of earning tokens, for example, trading or other similar stuff.

We cannot be sure even about state of cruptocurrency market in the nearest future and you want everybody to make prediction about mining? No way.

It is much profitable to rent some space on major farm and get profits without need to worry about anything. Mining becoming simpler, competition is much harder.

Right now the star of mining is indubitably RVN; Raven coin.

After the recent rally, the difficulty is sure to go up, but even these prices are extremely cheap if this phenomenal project can accomplish even part of its intentions.

it's good idea to mine some new perspective cryptocurrencies, but only if your electricity is very cheap (like in some sites in Ukraine) or costs nothing to you (btw, do you know about "magnet on the counter" method? :p)

I've never done mining, but my friends told me that some altcoins are more profitable to mine than Monero or ETH. But when mined Ethereum for example, you feel safe since the rate of this coin behaves very stable. Altcoins are falling sharply in price.

Verity is - that you need not only mine, but have patience (plus reserve to support you mining efforts) and some experience in trading, for good moment to sell, to make REAL money from mining

I thing that alternative ways of mining will become much more popular in future. For example, some shops allow to get cashback in crypto, which is great and easy way to enter crypto market for newbies.