Bitcoin Forum

When the new coins first started coming out (FTC, CNC, etc) I was mining them concurrently.  Distributing a percentage of rigs to each.  However the failure of those coins to maintain profitability led me to mine every coin that came out.  The problem with that was that many coins were being released the same day.  It was difficult to distribute the rigs to so many.  So I had to become speculative on which coins to mine.  I was predominately mining WDC, NIB and DGC.

I didn't bother mining anything new after Luckycoin.  Even LKC was worthless to me.  So after the dust settled I'm left to 4 coins.  BTC, LTC, WDC, DGC.  WDC and DGC are similar and I"m hedging my bets by mining both.  BTC and LTC of course, but as of late I haven't really found incentive to keep mining it.  Profitability is getting worse.

So what are you mining now and why?

What I can. I dont have a lot of hash power so I hope one of em sticks right now. Of the 4 you listed not one would be profitable for a normal user.

DGC. It's where my money is on

i'm mining pxc now,coin for future  ::)

DGC and WDC still remain more profitable than mining LTC. Pick one and mine to your hearts content. Hold on to them, in hopes of price increase. I'd steer clear of long shots like PWC and GLD. I personally don't think they will ever be worth anything.

BTC. its the only one with real value at the moment; imo.

If BTC has value, and you can trade DGC directly for BTC, does that not by mathematical equality give DGC value?

If A = B, and B = C, then C = A.

wdc pnx ltc

aside from being the first i have no idea why bitcoin is valued as highly as it is. I always hold some but i think long term there is no good reason for it to stay so far ahead of the other coins as it is now. Of course i could be wrong and it turns out bitcoin is the only coin left standing.

That's the strategy I"m working with now.  I sold all my initial WDC and DGC at much higher prices when thy first same out.  Just followed a classic mining strategy, dump at the market price.  Now that they are a little older I've started switched to selling only to maintain operational expenses and keeping the rest for a longer haul.

IBM is still around.  Xerox is around too.  Being one the first gives you seniority, and stamina.  But it can be whittled down or removed from relevance in time.  The whole crypto currency industry is what 3 or 4 years old.  Lets see where it is at in 10 year or 20 years even.

I suppose in a roundabout way. Everyone can chase the values of these coins in an attempt to always make the most profit or lock in to one or two for the long run. BTC and LTC have had long runs at valuation and a steady market place. None of the alt alts yet have stability; if DGC/WLD/etc suddenly have a negative movement on Coinchoose (maybe due to a diff adjust or exchange outage) people will bandwagon it to the next coin. This may change as these alts grow but I don't see it happening.

CoinChoose is horrible. Crypto is long term. How long were LTC and BTC next to worthless? I think, if one of these coins do rise, there's going to be a lot of people, smacking them selves in the face. But, they could all tank to zero, you never know. I believe, the best strategy, is as the guy said before, sell enough to cover your mining expenses, and hold on to some, just in case.

Yeah I spent many gold on the bombs... lol.
PWC as soon as it hit exchange killed it.

I dont do even the WDC or DGC because even the return on those are shit ATM. My goal is to stick to a few coins while the difficulty is low enough for me to get some with 200khash.

I guess that is why I support new alts for the most part. Many will fail, BUT its a gamble I need to take .

DigitalCoin  ;)

phenixcoin for sure

Finally to see two of us agree about something  ;D

YAC  :)

PPC, its undervalued now.

FlashCoin!

no, guess again

Bytecoins, she's a sleeper.

WDC all the way.

bitgem :D

WDC.  A coin has to have more going for it than just profitability and mining.  I see a lot of work going on with development and promotion of WDC and building a fan base around it.  My perception at least is that it is  well thought out with the focus on becoming more that just something to mine and dump for BTC.  My belief is it has legs.

I mean think about why a coin like LTC has the value it has?  What can the average Joe do with it?  It only has the value is has because we say it does.  Crypto buyers and sellers all speculating.  I don't see any real use for it beyond the small cryptocurrency world we all live in.  The average person doesn't even know what cryptocurrency is let alone can he buy a tank of gas with it.  Hell, BTC is somewhat that way as well other than you are seeing it get some recognition in the real world and a few places are beginning to accept it as a form of payment.  What the hell makes it worth $120? Just cause we say. The market.

Mainstream is the key to winning the crypto wars.  The first crypto who can figure out how to get Suzy Homemaker carrying around a crypto debit card is the winner, no matter what.  At least in my mind I see WDC as understanding that distinction.  It may not mean anything and I may be all wet but that's why I'm going hard on the WDC. 

+1

I mine WDC + DGC as both have the same things going for them at the moment

BTC merge mined. Most alts are now less profitable, even with that net from 3000GH/s is now about $270 a month, and with the massive hash increase in BTC that will soon fall and mining pretty much anything will be pointless (and BTC $ is crashing).

I'm sticking with Worldcoin and Digitalcoin at the moment.  Been mining both for a couple weeks now, selling half and keeping half.

Am also sitting on some YAC and Goldcoin that I'm going to hold for a while.

interesting.  I was under the same impression.  I assumed that when btc difficulty shot up that the last of the gpu miners would stop mining btc.  but what if this is the point in time when sha and scrypt coins finally decouple, in that they are more freely traded.  we already see that in many of he alts out there that they trade somewhat independently of each other.  maybe we leave bitcoin to the few asic owners and let them fight it out until there is only one (highlander style).  then we see how strong of a network bitcoin really is when only 10% of the miners control 90% of the hashing power.

When if scrypt coins are finally free to make their own future?

+1

Im throwing some hashes at WDC ATM, I do see potential in that coin; so far it was very stable when it came to mining profitability, also the price after the initial dump seems stable and actually rising a liltle bit recently. The network hash rate is pretty stable too that means there's already a base of miners who will keep the network going and in connection with difficulty retarget the coin will always have fast transaction speeds. The developers work on improvements on the coin and there were announcements about an improved wallet coming out in a few days. There is also a strong community forming around WDC and IMO this coin could be the winner in alt crypto race, time will show. For me personally I would rather have fast confirms in a matter of seconds than wait for them for a long time like it is with other cryptos. I would rather pay with this coin for all of my online transactions than use BTC or CC. This coin opens new doors for a crypto coin the doors to day to day fast usage.

WDC FTW!!!

GoldCoin!!

Really CoinChoose has one purpose - if you are set on having BTC (or LTC with the second chart), then what should I mine right now to get me the most in that crypto-currency?  Basically, if you are looking at which currency to mine for other reasons (infrastructure, features, etc), and really aren't set on BTC, LTC - COinChoose / DustCoin / CoinWarez / WhatCoinToMine, etc, are really useless.

Same as always: Just bitcoin.

me? ihave 25 mhs for sha im pointing atmerged min8ing an 6 khs im pointing at coins for fun

Please send some hashpower this way. Pm me for address Ill pay shipping even!