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Title: How to find out what Altcoins have market value? Post by: Accountshop001 on February 11, 2016, 12:04:24 AM I have access to a "SHIT-LOAD" of power to mine,
and want to get back into the cryptocurrency business... How to find out what "Altcoins" have a market? (a market, in terms of, are worth to mine and aren't a struggle to get exchanged into BTC afterwards) What I look for in an altcoin: >a market: SELLING the coin for Bitcoins/PayPal isn't a struggle... >mining difficulty: The difficulty shouldn't be something like Litecoins, for example, what is basically considered a waste of power/time (you get me) How to find out if an altcoin has a market // whether or not it is worth to mine it. Looking for experienced people to tell me where I can find answers to those questions. Title: Re: How to find out what Altcoins have market value? Post by: The Sceptical Chymist on February 11, 2016, 12:07:53 AM Litecoin and DOGE maybe? You can trade both of those with ease on all the exchanges. The other ones? Forget about it, the markets are thin as can be for the most part. Even the market for Dash on Yobit is thin, though I know they're a relatively small exchange. I don't think 99% of altcoins have a future outside of the initial pump & dump anyway so most aren't worth mining.
Title: Re: How to find out what Altcoins have market value? Post by: stoat on February 11, 2016, 12:12:38 AM Ether is the most profitable coin to mine right now.
Title: Re: How to find out what Altcoins have market value? Post by: Accountshop001 on February 11, 2016, 12:16:16 AM Litecoin and DOGE maybe? You can trade both of those with ease on all the exchanges. The other ones? Forget about it, the markets are thin as can be for the most part. Even the market for Dash on Yobit is thin, though I know they're a relatively small exchange. I don't think 99% of altcoins have a future outside of the initial pump & dump anyway so most aren't worth mining. LTC/Doge got a high difficulty by now - no? How about Ether? Does that have a high difficulty? Title: Re: How to find out what Altcoins have market value? Post by: anvilc on February 11, 2016, 12:45:03 AM http://www.coinwarz.com/cryptocurrency
Plug in your mining specs, have the website calculate which coins are the best to mine, in near real-time format. All coins with a similar hashing algorithm should be fairly similar though. Please note though that if you are plugging a lot of hashing onto a lower power network, the difficulty could raise significantly, though I'm sure you are well familiar with this. Title: Re: How to find out what Altcoins have market value? Post by: axxo on February 11, 2016, 01:02:45 AM Litecoin and DOGE maybe? You can trade both of those with ease on all the exchanges. The other ones? Forget about it, the markets are thin as can be for the most part. Even the market for Dash on Yobit is thin, though I know they're a relatively small exchange. I don't think 99% of altcoins have a future outside of the initial pump & dump anyway so most aren't worth mining. LTC/Doge got a high difficulty by now - no? How about Ether? Does that have a high difficulty? High volume altcoins like ETH tend to have a high difficulty. Title: Re: How to find out what Altcoins have market value? Post by: jonathgb25 on February 11, 2016, 02:28:28 AM http://www.coinwarz.com/cryptocurrency Plug in your mining specs, have the website calculate which coins are the best to mine, in near real-time format. All coins with a similar hashing algorithm should be fairly similar though. Please note though that if you are plugging a lot of hashing onto a lower power network, the difficulty could raise significantly, though I'm sure you are well familiar with this. Thanks for this. I've bookmarked this link and I'll use this when I bought a mining hardware. |