Bitcoin Forum

It seems everyday there's launching a new Crypto Currency.
Some last, some don't.
Some manage to get into the exchanges, others don't.

For me as a newbie to the cryptocurrency world it's hard to find my way in the jungle.

Can you advice me on what's the most profitable coin to mine atm?

Checkout AppleByte

The official pool pays a bonus to all CPU & GPU miners: pool.applebyte.me (http://pool.applebyte.me)

And the coin has gone up in price since introduced. Here is the latest chart on Poloniex.

https://farm8.staticflickr.com/7581/15520567400_f542ce9e31.jpg

AppleByte (ABY) trades on Poloniex & Bittrex

More AppleByte Details:
Announce Thread:  Announce Thread (https://bitcointalk.org/index.php?topic=503131.0)
Website: AppleByte.me (http://AppleByte.me)
Facebook: AppleByteMe FB Page (https://www.facebook.com/applebyteme)
Twitter: AppleByteMe Twitter (https://twitter.com/AppleByteMe)

No coins are profitable unless you get free electricity, free kit and are prepared to tweak, sweat and obsess over hundreds of flaky CLI processes that hang every few hours. Trading - used to be profitable until the burned-out forex and hedge traders jumped in for easy pickings.
Best to just mine and buy low diff/cheap coins with good dev team and USP for the future. Yes - there will be a future. Oh - and it will be anonymous - not just P2P across TOR.

1. trust no one
2. mining is dead
3. do your own research and read through these forums. It does not take long to find reliable sources of solid information
4. trust no one.

OP, is your goal to get rich quick or long term investment?

If it's the latter, don't look beyond Top 20 or even Top 10 at coinmarketcap.com
As for getting rich quick, it's a gamble, don't listen to anyone, invent your own way of losing money.

5. Today situation is hard for miners, traders. There is no simple advise.

Ahahah guys if I told you that I don't even pay electricity (and nobody does it for me, there is just 0 cost), would you be jealous miners mates ? :D

Some Advices you'll find here:

http://fuk.io/november-2014-report-best-altcoins-and-cryptos-to-mine-and-invest-in-for-high-profits/


My favourite:

NEOS Neoscoin – the uniquess here is.. this coins platform is written in PHP, which gives it loads of future abilities to be easily integrated to sites/portals or various apps. The wallet is so crazy its just best to see it for yourself to see something new in this world. To top that there is full anonimization of transactions, private messaging, market data, your pools stats and other things. This brings somethign totally new to cryptoworld and the devs are 100% commited, not doing this for money. Bitcointalk Thread here.
https://bitcointalk.org/index.php?topic=835131.0

You could look at Burst coin.

Because you can use your old HDD to mine some coins while you use your computer normally. It also have a few devs that support that coin and develop more features.

https://bitcointalk.org/index.php?topic=731923.0

Good question.
I don't believe in quick rich scemes.
Just wanting to test some of the coins and see how they do compared to BTC
I believe the future is with crypto currencies!

nowdays altcoins are profitable to the owners who create and launch it
because most of them are created to scam people and dump for profit

Most coins are either in bear market or at best moving sideways now, including Bitcoin. This situation could last another year, as adoption is not happening as fast as anticipated. If you want to try something really different, try NXT (https://nxtforum.org), you won't find anything more different from BTC and having as many features, check out NXT Asset exchange (you can view some of the traded assets in coinmarketcap on the 'assets' tab). There are a few less tested and/or less popular alternatives like Bitshares, Qora, NEM (to be released in a couple of weeks). Be sure to check out Nxtty (https://bitcointalk.org/index.php?topic=735878.0) (mobile secure app to be merged with social networking, keyword 'nxtty' in google play) and receive a bonus for signup. These above are so called Proof-of-stake cryptos.

Dogecoin is not a bad idea if you're against Proof-of-stake (maybe you are not, but some folks are - they are mostly miners or early bitcoin adopters, if you're neither of those, you should be ok with Proof-of-stake). GEMS (https://bitcointalk.org/index.php?topic=758004.0) is a competitor of Nxtty, but hasn't launched yet, you might want to check out their thread and be ready when they make their announcement. But don't bet a farm on of all these, get educated, read a lot and put in a little bit of money first, don't ever invest more than you're comfortable to lose. Hope this is helpful. Oh yes, and don't trust anyone, including me, do your own research and try cryptos by yourself.

+1

Short-term or long-term? Are there so many long-term coins? Check out the altcoin section, more and more coins are just created, hyped, dumped and abandoned. So you only have a small selection for long-term.

POT seems good to mine for dumping, at the moment at least.

http://www.coinwarz.com/cryptocurrency?sort=avgprofit&dir=desc

YMMV;  do your homework.

I think that is one rule :) Trust only yourself and don't trust no one else.