Bitcoin Forum

I want to invest 2500usd in mining....  which coin can give me the best profit
1.bitcoin mining
2.litecoin mining
3.Zcash
4.monero
5.ethereum or dash

Your best bet is to just buy the coin. Why give it away with hopes the machine may work long enough to mine it back?  If you feel the coin will be around that long invest in that. It will rise in price as others take risk with mining. It goes hand in hand.  Ask anyone on this forum what the better buy would have been. 100% say it’s coin. If not I’d love to hear counter arguments

Br. Good luck in Your decision

I also agree. Better off buying some coins instead.
I have bought many hardware, some has paid itself off already and some havent reached roi yet.
If i used all the funds that i invested into building a small facility, and hardware. If i invested in the coins i wouldve made a profit already, and frankly wouldve been better off instead of dealing with running the hardware. If i bought bitcoin, i wouldve seen x4 profits when it was at 1200/btc..
Mining is a risk. And when you get deep into it, you cant pull out. Lol its an addiction.

I HAVE A LITTLE OF EACH COIN, BIG AND SMALL "stupid caps" anyways, and you can see the money grow for some and drop for others. Ive been investing in coins for 3 months and yes I'm mad at myself for not buying btc when it was at $0.60. But I was young and dumb. I thought what the hell, may just try mining. A friend gave me a Antminer S1 a week ago and i Bought an Ant-miner s2 and s3 for bout $300 from both, nothing crazy, luckily. But im glad i didn't dish out alot of cash for the s7 or s9, kuz unless you have like 10 of each, there doesn't seem to be a point anymore. So just like you are, im trying to find an alternate POW SHA256 coin to mine. But i cant find one worth my time. Mazacoin is like 4000coin/1.7th/day but their coins arent a lot in usd. I could use the help as well my power is $0.01/kwh and until i find a good psu to run the S1 and S3 those will sit on the sidelines. If i can find a miner for a good price i will upgrade or switch algorithms, but i see the dash miners for like $6500 with psu. Is it really worth it anymore? I could use the help to find a good coin or algorithm worth the time...

Im mining ZetaCoin on thecoin.pw, i dont know much about mining pools. So, I dont know if their good or not, but it has no fees, you can donate 1 or 2% each transation or 0.
But they do take .5% every payout.
Then theres slushpool,
mulitpool which all pools seem to be dead
nice hash.

im agree with buy coin...i'm a miner but i suggest you to buy coin.
i was pre order my miner on first of august, if i decide to buy coin not to buy miner
now i think i earn more then 150%

The ROI for mining is too long, about a year now. It is better to buy the coins directly.

Your opinions are appreciated, I already have invested $1000 in different coins with the outcome of about 250% profit in 3-4 months.
So while those coins accumulate, I'm gonna try mining whether I win or lose, I came into this knowing it was going to be a gamble.
I only wasted $300 on ASIC and and $500 on a budget GPU rig, which if all else fails ill have a bad ass gaming PC.

I have a good job where this is just for fun anyways and to build my wallets/investments.
I don't withdraw from my wallets unless the coin is in a downward spiral.
I'm just gonna sit on the coins earned And add to my investments already accumulating.

But if you had to pick a certain coin and/or pool to mine, do you have any ideas?

Ill take a dollar a day

Because after power costs

ill make $.75

Best option is buying coin instead of mining...  Because mining is very difficult... For those who pays for electricity more then. 0.1$ so mining is not profitable with expensive electricity. Also hardware cost matters...!!!

I invested $600 in Ripple (XRP) when they were $0.12.
Which gave my 5000 XRP.
Now they been staying between $0.20-$0.27
Which leaves me a lil over $1000.
They may not be a mined coin but just because they arent mined doesnt mean their garbage.
BTC started Low just like Ripple, and I missed buying BTC.
Ripple just had a Conference with all the banks all around the world, in Toronto.
Ripple and Swift had their conference on the same days.
So the time to buy is now just in case they skyrocket.
A lot of well known banks are working with Ripple.
One of those banks is the one i Bank with.
Its all a gamble but you may see them in a bank near you.
Just a little inside info, I research before I buy.
I don't wanna buy into a disaster again,

Has Anyone heard of DEM? Says i can make $2.26 a day with what im using now.

Potentiam on potentiam.io its also on here. Please check it out

Ethereum and ETC is the best choice if you have amd gpus. I mine ETC because i want to accumulate tokens.

Yes, but I'd suggest not mining it as a small price change could make your mining less profitable than, say, XMR, ETH or ZEC. To be absolutely honest, for maximum profit and ease of mind choose one coin and stick to it unless there's a major profitability shift. Profitability may be slightly higher on one chain compared to another but that is usually temporary.

Do you think ETC is more profitable to mine than ETH?

Mining on asic and mining on video cards is very different is a separate big topic. If you need to find out what coin is mine on the video card, here  https://whattomine.com/

Hmmm....

Before mining do you actually know how to handle a miner at home ? electricity cost ? noise ? heat ?

I think there are some better chance to make more money while investing in icos and trading some cryptocurrencies.

From my side, I started trading, and everytime I have some nice profits, I invest those into mining instead to get a passive income.

In other words, you want an active income that you need to work for ( job, trading, etc ) and a passive income that you build over time ( mining, saving money for interests, buy multi appartments building and so on ) so that your passive income ( in 5-15 years ) will become something you can live on, and even if you fall sick or whatever, then that the money could still flow into your accounts.  

I have around 10,000$ USD invested into mining, and I honestly doesn't care now about ROI since it was all profits, but I accumulate that passive income to only sell when the ''x'' coin got a spike. ( happen around one or 2 times per months, taking out of consideration the may to august altcoins boom )

I'm starting to have a lot of heat and noises, but gladly, I live in Canada and winter is coming ( -30, -40 ) so it will replace my heaters. Problem is, I'll have to trade for profits this winter, as to work, to buy a shed ( 850$ ) so that my miners will be able to mine outside, otherwise my house will become a heathouse next summer.

Not to think that even if my courtyard is secure, I'll probably buy some security cameras as well as I'll need to contact personal insurances in a case of fire, storm, tornado and blablabla.

mining is not profitable now. buying the coins outright and hold it is probably the best strategy.

I am holding NEO in the NEON wallet and it generates GAS which I can sell on the exchanges and then buy NEO back to my wallet.

If your electricity price is lower than 0.1 dollar per kW, it is still profitable.

Like others have said: investing your coin into long term contracts with any cloud mining company, whether its "totally legit" or reviewed favorably by a trusted crypto-tuber, is absolutely playing with fire.  You are far better off just buying coins that you think will gain traction or have steady long term gains.  One of my favorite BTC blogs 99Bitcoins has a great article where he tested holding BTC vs buying a contract with Genesis mining.  Gmining happens to be the most reputable cloud mining company out there, and there is no doubt from the OG crowd that it too is a ponzi scheme, at the heart of the operation.  The reason why so many websites, youtubers and blogs are promoting it so hard is because it has a kick ass referral program (which also happens to be the only way you can viably make a profit on your investment)

Bitcoin and lightcoin mined on the ASIC they need to be bought on preorder to get a big come in a short period of time.

I agree. It's better to be a stock exchange player and buy coins. From the collapse of insurance is not, but it is much faster than engaged in mining.

Like others have said: investing your coin into long term contracts with any cloud mining company, whether its "totally legit" or reviewed favorably by a trusted crypto-tuber, is absolutely playing with fire.  You are far better off just buying coins that you think will gain traction or have steady long term gains.  One of my favorite BTC blogs 99Bitcoins has a great article where he tested holding BTC vs buying a contract with Genesis mining.  Gmining happens to be the most reputable cloud mining company out there, and there is no doubt from the OG crowd that it too is a ponzi scheme, at the heart of the operation.  The reason why so many websites, youtubers and blogs are promoting it so hard is because it has a kick ass referral program (which also happens to be the only way you can viably make a profit on your investment)

Co rút được không

While its easy to find a 'most profitable coin' by going to www.coinwarz.com or www.whattomine.com, you can also get lucky by trolling the new altcoin announcements right here in bitcointalk.

Find a new coin in its infancy, just hatched... and you can be lucky enough to get a heap of coins before they even hit the market.  Sometimes there are coins that are even more profitable than what is shown at whattomine, etc.. you just have to be willing to take the risk and have to keep up with the latest releases

This to me is what makes mining exciting, the speculative mining aspect

Hi guys,

I recently bought 3x rx 470 all with risers on a asrock mobo. What coin is most profitable to mine right now with theese gpu's ?

Thanks for the advice,
BR

Most of these currencies difficult to mine yet. More often I am investing in alternative cryptos. As an example. my October was dedicated for mining Musicoin. I like the way of it mining, like the unadeaquate swing of the prices. But its worth it. Within the one month you can earn not bad money.

agree with you.
it's better to buy a coin that really gives a big advantage in the future instead of buying a mining device.
the risk is too great if you buy a mining device instead of you to buy a coin.
break event point, device durability and much more you have to think about it

Are you staying in Venezuela?  :o :o

Just joking. But you are right... your electricity costs must be low else it is not as profitable to start now.

If you had started early in the year, you could have gotten back the costs of your rig and you are now just earning pure profits (minus electricity costs).

As of now, buy coins that have potential for growth.

I did a calculation previously.. it will take me at least 18 months to get back my initial investment of the rigs. Buying a good coin will return me much more within that period..

You wont be profitable with that amount of usd.

As per recent Trend of btc price I think buying it and holding can give better ROI as the price is Increasing constantly .

Which cryptocurrency coins will be most profitable for mining. Ethereum, Dogecoin, Litecoin, Dash or Monero.

Try NiceHash or Winminer
https://bitcointalk.org/index.php?topic=2004875.0 (https://bitcointalk.org/index.php?topic=2004875.0)

Invest for the Long term!
I invested a small 135€ on Ark in march of this year...till now i made a 1225% Profit...so 1666€...out of 135€. I invest small amount in many promising projects...spread your risk! I am also mining but regret the decision...but now i go on...but the point is that you can better invest in coins directly! my point of view.

I did a lot of research on this and concluded it's just not worth it from a financial stand point. I mean..it's a cool addiction and I can see where it would be fun. But there are people out there who have invested a ton and will chew up and spit out anything I could afford...banks and banks of equipment with the electric meter spinning like a tornado.
But that's just me...so go for it but educate yourself so you know what you're getting in to. Coinwarze and other sites have some good info. There's a lot of used equipment on the market too-from people who just gave up on it. I tried it for a while and it WAS fun..but not profitable. Buying/holding/trading/investing in icos is the better route. Good luck!

I would recommend litecoin and Zcash mining. These cryptocurrencies are more stable for now.

Thanks man ! Will try it out and I ll let you guys know

You need ASIC for litecoin.

It is better to buy few than mining

I mine Zcash and Ethereum because both coins are profitable for mining and both coins are very stable.

My thoughts exactly. People who want to get into mining with little money is laughable. You might not make your ROI back while watching the price of the coins just go up. Go big or Go buy

It is better to buy the coins directly.

Banks are thinking about having their own crypto money... if they do so, what would the future of XRP be?
Don't you think its value will drop?
(just asking...)

If u lookin for most profitable mining right now its rig with Vegas 56 bios moded to 64  with Cast XMR 2kh hashrate on each card makes 10USD a day so rig with 6x would make around 60 USD a day i had ROI in 76 days , already doubled my invests since diffucilty of cryptonight goes up slower than its value its going to be even more profitable ;)
IF u understand hardware and buy components cheap , mining is way more profitable thhan jsut buying coins with lots of option how to utilizace more profit , for example mining alt coins with potencial for future investments , checking Bitfinex live charts selling/buying  diff coins to make profit from  descrease / increase  in value . Lets say after mining 2years in which u could make ROI 10x times u can sell the components for 70% of its price.

Mining isnt what it used to be but if u know enough u can still make good profit and way more than just from buying coins . People who wrote here that they are mining but they would make more if they bought the coin  jsut doesnt know shit about mining

I do both mining and investing. I Mine various coins and HODL them for profits and at the same time i invest with my money and mining profits to increase my portfolio. Nowadays with the sum you mentioned i would just invest the money since even finding cheap cards has become troublesome at least for me

Some new coins are not possible to buy on market yet (not listed on an Exchange) but you can mine them and later when they are listed on exchange you can make some profit. This kind of speculative mining can be very profitable but it can also just be waste of electricity if the coin does not survive. I have had some luck with mining new coins or less known coins.

Mining is fun. Maybe you should do a Little of both. Buy coins and mine coins.
Personally I made good profit mining last 6 months but who nows in future.

Ya know, going back to the beginning of this thread, it never ceases to amaze me how many folks are compelled to beat around the bush..... The user asked which coin would be most profitable for mining.... Just answer the god damn question for f**k sake! There was no mention of buying anything, the question was about "mining".

None. The answer is none.

Think about this, if you bought a certain amount of tokens (with the money that could have been allocated to mining) and the coin the coin goes up 100x in a year, you would only be able to mine a fraction of what you would have been able to buy.

Mining only works well if the coin fails to launch and does mediocre increases.

There are so many CPUs, GPUs, and ASICs mining now that any coin/token difficulty goes up the second it comes up on a radar or gets placed on an exchange. The exception being maybe the first 96 hours of mining a new coin.

If you go around telling noobs the truth about mining they'll either run away or just dismiss your post as misinformation designed to scare them away so you can mine all the coins for yourself.

If they just sat down for 30 minutes and used a calculator to figure out the end result of where they would be after 6, 12, 18, 24 months of buying vs mining they would understand - but that's doesn't fit their MDMA based exuberance  :D

I'm first a trader and investor in Crypto then a miner; decided to buy a 6 x GPU mining rig from trading profits just for the experience; You can make way more money by investing mid-long term vs investing in a mining rig.

Another option is to find coins (ONION is a good example which returns: 10% Y1, 5% Y2, 1% Y n+3) that can be used for PoS (Proof of Stake), which means that you just need to buy the coins, hold them in your wallet connected to the internet and get a % back each year. So you are investing and passively mining by staking without the cost of the rig.

I'm accumulating all the coins I mine or stake for the very long term.
 

i suggest to split and do both - mining and just buying the coins.
buying & holding seems to be more profitable at least with the current marker grow, but who knows how the market will turn in 2018.
mining will allow you to get deeper in cryptoworld and understand some key things about cryptocurrencies as you allways watching the trendlines etc.

But in general POW mining will most likely die in few years.

Investing $2500 in mining is likely not to break-even in a period of 2 years. Investing in a coin can grow your profits even 100 times the investment in less than a year. I find Uwezocoin to be the best coin. Check out their Telegram https://t.me/joinchat/Hfwy-UkCRiNXLmbcRZeORA

I don't know which coin mining are the most profitable but i think it is best to just buy any coin as long as it is profitable.And i think you can also save time and effort compared to mining.

I wouldn't mine a coin with a payback period of more than a year

At the moment, the ETH or ZEC has a pay back of around 250 days, depending on the electricity price.

Monero is also quite profitable you can recover the cost of the miner in less than in a year; a miner with an avg of 3.5Kh/s mines almost 0.6 XMR per month. Assuming that the price of XMR will increase to about 400$+ in the coming months.

You can try mining Ethereum’s hard fork ETZ ( www.etherzero.org)
It is not currently listed on exchange but this month will be on cryptopia so it has a low difficulty.
You join their pool www.etzmine.com

ETH at the moment is more profitable than Monero... so I'm switching :) ETZ seems like a good idea, too.

I think mining now not much profitable.You can invest that money for starting some masternode.

I'm doing pretty good for myself, my miner cost me somewhere around $2,300 dollars to build just before GPU prices went crazy, it's a 6 GPU AMD card rig with modified bios. It'll pay for itself in about 3 or 4 more months. I just mine whatever I feel like mining, it all has value, and they all just go up and down all the time..... I'm in it for the long term, everything I mine stays in my wallets..... Coin hoarder! ;D In 5 or 10 years, maybe I'll have some winners..... Maybe!

Used to mine Litecoin on ASIC. Frankly, the yield per day did not exceed 12 $, and taking into account the cost of electricity -  8 $, not thick!
Now I'm thinking about the mastenodes, i've been watching the news about them for a while now. I'm trying to choose from three: GoByte, Zest and LUX.

Still, I'm looking towards the first coin - it's too tempting to hear the latest news about the decline in the cost of the transaction and the increase in profits for the owners of masternodes, which is not the case with other coins - they promise 70% of the award against 30% to the miners. It sounds attractive, and GoByte is not just another scam project - they've already collected the funds and the product is working. Guys, I need you help! Which coin would you prefer from these three and why?

I'd prefer the first one also, the GoByte coin. As far as I know their team consists of the real professionals. And the whole idea of their project is just amazing - something like decentalised Visa or Paypal. Kinda interesting for me.

By the way, I had some Zest in my portfolio previously.. it didn't make any profit  :(