Bitcoin Forum

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME? WHAT IS THE BEST COIN TO MINE ? WHAT IS THE MOST PROFITABLE COIN TO MINE"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money and time !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
No one can tell you what is the best coin to mine !
No one can tell you what is the most profitable coin to mine! Coins profitability always changing, what is best to mine today, maybe going to be the worst to mine tomorrow !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later,  tomorrow, next week,  months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not  ;D
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...

! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !

what is the most accurate? Cryptocompare, whattomine, coinwarz? I was using Crypt0zone but that calculator was way off.
another question I have is the profitability where it shows which coin is currently the most profitable coin to mine, this is usually off for me as well? so how do we know for certain which alt coin is the most profitable? I've had to talk to other miners in discord just to find the current coin I'm mining which is Xcash, its more profitable than ether monero or even bittube. my main concern is that I'm on top of it right now as far as maximizing profits, but is there any accurate calculators so that I can be certain in the future say even a month from now?

Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.

what is the most accurate? Cryptocompare, whattomine, coinwarz? I was using Crypt0zone but that calculator was way off.

And thats the difference and most people who do tend to mine seeing those numbers specially for 6 months time upto 1 year, believing that they would earn exact amount without
even realizing that lots of factors along the way would mainly affect profitability (Difficulty+ Energy expense+ Maintenance).

And besides these mining-related factors, you have to keep in mind that the whole crypto market can change a lot over the course of a few months. No wonder that a lot of miners had to stop mining during this bear market. If your calculation would only show you profit with the current market prices, what happens if the whole market goes back got $3k again? It's impossible for any calculator to predict the prices.

And besides these mining-related factors, you have to keep in mind that the whole crypto market can change a lot over the course of a few months. No wonder that a lot of miners had to stop mining during this bear market. If your calculation would only show you profit with the current market prices, what happens if the whole market goes back got $3k again? It's impossible for any calculator to predict the prices.

On the other hand people are now mining because they believe that one day cryptocurrencies will grow. But I do not understand why they want to start mining in loss?

Now, when all altcoins are in 90% loss it is better to buy them, I see bigger potentional profit in buying low, selling high. Then buying expesive hardware, electritcity and so on.  ::)

Of courseCoinCalculators.io (https://www.coincalculators.io)  :D

Go to cryptocompare.com there you'll find lots of coins with their own hashing algorithms, mining difficulty, power pricing, and lots of other features to help make profitability.

And by the way what is currently the most profitable altcoin for mining? It is still Grin? After a price dump I would say that is no more profitable, right?

And by the way what is currently the most profitable altcoin for mining? It is still Grin? After a price dump I would say that is no more profitable, right?

This is a good site but for mining it’s enough to use https://whattomine.com/coins.

The profitability of mining altcoins solely depends on how long you are going invest and mining the altcoin. But the best site to help you calculate your potential earnings within a day or months is https://whattomine.com/coins.

In terms of market value, I will agree that most altcoins are worth zero. Some are just in the crypto ecosystem to occupy space. Some of these coins have no specific purpose that aims to help the crypto ecosystem solve gaps in this ecosystem.

Ethereum mining is a long term investment plan. If you invest in getting a mining rig which can mine at least 4 ETH within a day and you dedicate at least two good years mining ethereum, you will be having 2920 ETH which will be very profitable even if the price of Ethereum is worth $100.

Do not forget that by calculating your potentional profit, you will get result to the date when you calculate, but mining rewards decreasing in a time.