Bitcoin Forum

Hello
im talking about today, when mining with 2-3 miners are not worth.
im thinking to change from bitcoin mining to bitcoin cache, but im new in altcoin and dont know the market.

i know lots of people with low miners are thinking to switch from bitcoin to other coin and ut will grow altcoin markets

You can switch to ethereum or Monero, these are the most profitable to mine, you can use this calculator to find out yourself, https://whattomine.com ,if you are using CPU based miners then go for Monero, it's more CPU friendly than GPUs

Go for Monero, it's very easy to mine now, it's also asic resistance because they've upgrade to a new Algorithm called RandomX, you can use miners softwares like Xmrig or xmrstack, also go to playstore and download coinomi wallet, it support Monero

Whattomine website shows that Ethereum Classic is presently the most profitable coin to mine presently, I think it will be better if OP can share the information of his or her mining setup, we don't know if it's an Asic miner or GPU mining rigs, if you can drop this then you will get cleaner answers

This is a transitional period and excessive fomo before halving  BTC occurs. Rest assured,  more demand for a coin more valuable behind price must be purchased. This is also supported by the limited amount of supply. BTC is still excellent for now and going forward and  for decision is in your hands.

There is definitely an exodus of miners from bitcoin to other coins or altcoins after the bitcoin halving. If the halving did right, the diff increase for altcoin could also give a good signal to increase the altcoin's price.

what miners are you using. Bitcoin ASIC miner would only work good with coins on SHA-256 algo. So, you need to mine SHA-256 coins like Bitcoincash, Digibyte, BitconSV or Peercoin. But at the moment most profitable among them is bitcoin followed by BitcoinSV and Bitcoincash. So, you don't have a much options to go with. Mining Digibyte could be an option if you believe it's current development is going to boost its price in the future.

i dont know is it legal to talk about my asics or not, i have S11 asics with 19.5TH and 1500KW
what will happen to who has s9 farm?

talking about bitcoin cash, is market say hello to new bitcoin cash miner and it will grow because lots of people switch from btc to bch or this is just a theory ?

In the case of mining, whether Sha-256 or other algorithms, there is almost no profit today, because there is a need to pay for electricity. At least it is in home conditions and in a small mining. There are many pages for profit conversions, so I don't even mention them here. It is possible to switch to other altcoins than already mentioned. I also do occasional mining, but with a GPU. Currently, but nothing because it's non-profit. Mining now only if a new cryptocurrency comes along, which I think will be the price to rise in the future. So that's my advice for you too, but the decision is yours.

Thanks for these wonderful tips and advice mate, for sure that suggestion you gave now will become a big benefit in the future, for us to earn well in the crypto I will do what you just said about this matter. It was a privilege to read this type of advice regarding after bitcoin halving to look for an alternative way.

Are you referring to the shitcoin Bitcoin Cash? I think you shouldn't mine such a coin. For your info, it's not decentralized, ir charges 12.5% as tax for bitcoin cash foundation. Why would you switch to BCH from BTC?

This website[1] is helpful to all the miners out there that want to look for any other altcoin that they want to mine. GPU and ASICs, you should check and see the reference on your own.
[1] https://whattomine.com/

When I was interested in crypto mining in 2014, I checked a lot of online resources to make decisions on where to start like which coin to be selected for profitable mining with my mining equipment and electricity costs. Similarly I believe on today also we can find similar resources which are all about comparing different coins for mining and its profitability. I mean, instead of OP will be listening to this community, they can make a conclusion on their own by doing their own due diligence.

Bitcoin mining may turn back to profitable as its market looks more positive these days. Just keep mining bitcoin but without selling the block-rewards might be helpful for any miner as per the scenarios after recent halving. People are expecting bitcoin to have a new ATH in coming months which means bitcoin prices may double in coming months.

Although I'm more into bitcoin, I would say that's a very risky decision not to sell BTC but keep mining. Miners need to maintain the cost and mining is a business. You definitely will not want to pay all the cost out of your pocket and keep the rewards into different balance. That would eventually make you bankruptcy.

Here are few good coins you can mine

1. Ethereum
2. Ethereum Classic
3. Monero (RandomX)
4. New coins with low mining difficulty

Though you have to be careful if you want to mine new coins, make sure the projects are here to stay and not just another pump and dump coins, Its also better to change to BTC every 24hours of mining any new coins, goodluck

mm i use poolin calculator to check is it ok to mine bitcoin cache
it ask me to enter hashrate
my hashrate is 19 and it say 1.8 $ is what i can earn per day,
but after halving my asics can mine BTC 1.6$ per day, isnt it better to keep working on bitcoin instead of bitcoin cach ?

Basically mining as an industry is on the downfall and slowly all coins will move to proof of stake model so i would suggest you to sell your equipment and pick some good coins and hodl, if you donot want this option then keep mining btc and accumulate the mined btc till next year when you will be able to sell it for high profit.

why do you think this? BTC as a main coin is not transiting to PoS, not even in plans, so mining industry will not go away in the near term, and there are big companies in China that produce only mining equipment, they will certainly push for more mining coins in the future

I think to mine new coins are too risky, not recommended to do, especially for people who don't have a good understanding to analyze the potential of new coins. You must know that it is a hard thing to determine that "a project has a good future and has a coin which is not for pump-dump only". As long as there are top altcoins that can be mined easily, it is better to avoid new altcoins. IMO

If @kindbtc is he miner and he feels living is the best and perhaps there are more people like him, it will favour those few miners that are left. The more the number of miners, the lesser the mining reward. However, altcoins should be another good option now, particularly the top altcoin and others that have good prospects.

I think even Ethereum it not even worth it right now. I don't know much what is happening but the fees are sky rocketing.

I don't know what bitcoin cache is but if you are talking about Bitcoin cash, I'd stay away from this pump and dump coin because they aren't really decentralized and things could change quickly. I'd go for a stable one like Monero but take note that some exchanges are delisting Monero because of its anonymity.

base on your suggestion i think its better to keep mining BTC because im using ASICS not GPU to mine monero and ...
ive pay 0.03$ per KW

This  was quite expected though since the block reward has now been reduced to half and thus many small miners won't be able to generate the profits anymore.
They won't have any option and thus will have to move to altcoins. We can't guarantee if this will boost the altcoins market but we might see a little change in the altcoins market in the upcoming days.

Asic miner s9 is now outdated, every miners who use s9 must upgrade to new asic miner, the Bitcoin Halving has reduced the mining reward so s9 stand no chance anymore

You can mine Monero or ethclassic if you have good GPUs like GTX 1060, GTX 1070, RTX 2080ti etc or even the AMD beasts like Radeon VII or RX VEGA

Monero getting delisted on few exchanges doesn't count, the coin is listed on many more exchanges and has big volume enough to make other exchanges worry about delisting the coin, here are some exchanges that support Monero

1. MXC
2. Binance
3. Exrates
4. Hitbtc
5. Coinex
6. Okex
7. CoinBene
7. Latoken
8. Huobi Global
9. Digifinex
10. Bithumb

The list goes on and on, the delisting can't stop Monero, it's a bad bad ass privacy coin

Bitcoin is no longer easily to mine now unless you get the fastest asic miner out there and the new asic miners are not even ready yet, I'm just surprised that Bitcoin is holding on to 9000$+ right now while I expected the price to drop because of miners, guess I'm wrong

It's not yet late and in fact, you have the upper hand because you already know how to mine and you have your own mining rigs, you just a need a day or two to find good coins to mine, there are a lot of tools that you can use to check what altcoins are good to mine, I'm sure you will still find mining profitable this time in altcoins.

If you have high CPUs you should focus on Monero mining, if you have GPU instead then mine ethereum, Bitcoin mining is not profitable at the moment and you will need thousands of $$$$ to buy powerful asic miner

I think it is no longer worth mining bitcoins now, then you have to see the computer's or rig performance, that one uses to mine perhaps at the moment makes it more,is more profitable mining monero or eth or some altcoin with an easy algorithm such as banana or ninjacoin

indeed after halving happened some time ago it will make mining more difficult to get bitcoin because the level of difficulty to get bitcoin is increasing and of course it will require very high electricity costs with very little results in cryptocurrency mining of any type it also is not too profitable, it's better to buy coins directly at the exchange and make sure not to buy the wrong cryptocurrency.

thanks from your reply
im talking about asics which can only mine sh256 coin,
i decide to mine bch instead of bitcoin but after that when calculate the earn money , i see 1.8$ is what i can mine BCH per day and 1.6 BITCOIN per day
so its better to mine bitcoin again.


second question is why new coin are base on GPU? why no one release coin base on 256? like bch and bitcoin ?

I agree to the fact that from here on traditional mining is not going to be any profitable especially when it comes to small miners, big miners still get better equipment rates and energy deals to stay in profit, slowly market is going away from traditional mining so i would say that you should also move with the world and change your approach, the charm in mining is going to end when Ethereum will move to pos algorithm.

what is the choice for them to choose the coins they are mining is reasonable if what is produced from the mining sector produced is not optimal. because whatever happens the mining business is done is to get good results

any idea for replacing btc mining with s9 ?
i dont have elec problem i pay near 0 .
im talking about sh256 ,
lots of people say bch isnt a good idea, so what is the next one? lite ?

Actually, mining cryptocurrency is very profiting if you don't sell them all, hold a part of them.
You know why? Because the halving in mining can make the coin even more valuable.
If you mine and hold top coins for long, you will see your coin price will increase few years later because of halving like bitcoin.

a good way, it should be like that,trying to increase prestige or price by buying small tokens so that in the future they can reach the highest price, because investing in bitcoin must use large money values ​​and novice traders may not be able to follow it..