Bitcoin Forum

Hi,
Apologies if old question (did search....honest). I checked the Coinwarz site for profitability and often it appears that BTC is listed as most profitable. So 2 questions -

1 - Can I assume its' an accurate comparison or when it comes to mining are the real figures some way off those on Coinwarz and thus a good guide to select a coin for mining?

2 - Even if say BTC is most profitable, would a more experienced miner still mine the alt's? Presumably betting on future % growth being faster than BTC....unless they mine to convert to BTC then Fiat ASAP and have no care for future price movements ?

Thank you
Phil

1. Coinwarz is good calculator.

2. There is no point of mining other sha-256 coins since btc is most profitable and also there is no future for other sha-256 coins beside btc.
even ltc or some other scrypt coins are mined to exchange for btc and nothing else.

Thank you....though I think your second answer, though possibly correct, is very debatable :)
Cheers

weeeeeel Phil, think again!
btc is one and only completely accepted as crypto currency.
all the rest are nothing but imitations and "wanna be btc" coins.

value of BTC is defined by economics. you know acceptance, usage, demand....
and value of other cryptos is defined by bitcoin.
take ltc for example. ltc was always like 2.5-3% of btc value.
btc goes up, ltc goes up.
btc goes down, ltc goes down.
and no matter how high or low it goes it's always 2.5-3% from btc value.
this is one example and if you look at initial value jump for every new crypto on the market like dogecoin,  at the end it allways end up in some fixed % value from btc.
so if you think about it Phil, there is nothing to debate.
 

I use the site almost every other day, and Bitcoin is continually at the bottom for me. :P

https://i.imgur.com/MiOJWJJ.png

At the top there should be a table for you to input SHA-256 and Scrypt hash rates, power rates, etc. Perhaps you only inputted a hash rate for SHA-256?

I have thought about it. Like I say that may be right...and I would probably bet on that too. But to dismiss all coins as lame copies is just factually incorrect. Now of course it takes more than coin 'quality' to impact a price of course. Community support, wide acceptance impact greatly. Bitcoin is way ahead....it was the first to gain wide acceptance. But it has flaws.

Cheers

Yes...I was focusing on SHA :)

Didn't read that. :P

For SHA-256 TerraCoin is the most profitable, while Bitcoin is near the middle.

on the list BTC is most stable coin.
check the calculator in hour or two!
whole different calculations from hour to hour and at the end of the day btc is always most stable and profitable to mine.