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Title: XRP, VET, TRX, ZIL (MINING) Post by: icryptokhan on November 27, 2018, 06:46:57 AM First of All Hello To All as its my very first post.
As the condition of market is down and everything is red, i am also new to trading or you can say in crypto, i heard alot about crypto and decided to invest in crypto as i already purchased many types of coins in high rate before the bearish market. i am already in loss, everything turns into 1/3 of my amount or more. i just wanted to ask if i can mine more coins using my XRP, VET, TRX and ZIL coins rather than holding. any comment will be very helpful and appreciated. Title: Re: XRP, VET, TRX, ZIL (MINING) Post by: melpheos on November 27, 2018, 09:19:44 AM All the mentionned coins are not minable.
Just check on coinmarketcap... Title: Re: XRP, VET, TRX, ZIL (MINING) Post by: nc50lc on November 27, 2018, 10:04:02 AM All the mentionned coins are not minable. Tron (TRX) isn't mineable but you can receive more by their POR algo or something... (I may be wrong)Just check on coinmarketcap... XRP, previously Ripple (XRP) isn't mineable. VeChain (VET) isn't currently mineable Zilliqa (ZIL) isn't mineable and it's an ERC Token. But the bottom line is: It is not wise to mine any coin if you didn't already have the proper hardware, especially at the moment. Some coins can be "rewarded" through their unique Proof of Work alternatives like Tron but still, they still require hardware like Huge disk drives or huge RAM. Either way, you will be spending more than the amount that will/would return to you. If you're hoping for a price boost, buying more is still the better choice. Title: Re: XRP, VET, TRX, ZIL (MINING) Post by: icryptokhan on November 27, 2018, 02:16:51 PM thank you, is there any way to get into profit using crypto.
Title: Re: XRP, VET, TRX, ZIL (MINING) Post by: nc50lc on November 28, 2018, 11:00:30 AM thank you, is there any way to get into profit using crypto. Currently, the only thing you can do is to be good at Day Trading. It takes a lot of time and effort to be considered as a "Pro", and you'll likely lose more coins/assets as you practice.Mining isn't the best choice. Disregarding the Electric Bill, the only profitable hardware are the latest ASICs for mining Bitcoins but their prices can't justify the expected returns based on the current price and total network Hashrate. Only those who've already got them are the ones who have been on mining (at loss). Investing in ICOs are risky, however, you might find a way to profit from the Tokens/AltCoins if you're good at trading. Most of them are scam to start with (about 90% of them) but some of those can be traded for useful coins afterwards. But still, too risky. Honestly you can't profit at all, just mind your current business/job, keep your portfolio safe and (keep updated with the latest news) wait for price increase. |