Bitcoin Forum

Hello cryptoworld, I have a capital to invest and I would like to know your opinion about which algorithm to mine more economical and more profitable, I would appreciate your opnion. ??? ???

Investing in a mining rig or in the coin directly? I, along with majority of miners here, would probably strongly advise you to do the latter. Research will show you that there are simply too many risks with investing in mining hardware today.

That being said, I would invest in ETH. Not because of the algorithm / mining but because it is soon transitioning to a large scale POS network which could prove revolutionary. As usual, DYOR, caveat!

I think until now for the coins's algorithm more profitable is degger-hasimoto , because this about price at the market, a lot coins use that algorithm have evenly high price. Beside a lot pool compromise with that algorithm. But everything depend your hashrate rig.

1 year so far, ethash is the best algho
always has been the most profitable algo

Actually, i could argue that an algorithm's economy and profitability would greatly depend on what mining hardware you have (we are, on the altcoin mining forum, anyway). If you're hardware is composed of Z9 or A9 ASICs then obviously the best algo for you would be equihash. If you had AMD GPUs then probably Ethash would best. If NVIDIA, so on and so on. Questions like these are really helpless because there is not enough information provided.

This is why it is important for people to use their brains and think critically before posting silly questions.

It depends on what hardware or rig you have if you have an ASIC miner I think you can see all listed miner which is what miner is more profitable here https://www.asicminervalue.com/
And for mining rigs I think it is the best to use the whattomine.com to check if what GPU is more profitable including which algo is more profitable.

ETH is the most profitable if you got the RX series GPUs.

Depending what GPU you got you might be limited to certain algos.

Currently with Vega's you are better off mining XMR.

With old Radeon 7950 you are better of mining XMR also.

Some Nvidia's currently are better on Equihash despite all those ASICs out in the wild. One that comes to mind is the Nvidia 1080.

If you got an old Pitcarins like the R9 270X, you are better off mining Cryptonight coins with those also.

However after a few months all of that can quickly change.

When we talk about best algorithms to mine, everything depends on which hardware you have. But my advice to you would be to stay away from mining for... at least for now. Hardware is too expensive, and ROI time is just too long (I'm talking about GPU mining ofc).
As for ASIC, be careful about them also, calculate everything twice before doing anything.

That said, I think it would be better for you to buy some coin directly. I have seen that some one mentioned ETH, and I think that would be good choice. Also because of last drop in price, this would be good moment for investing.

this's the right answer

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we're don't fortune teller, OP should describe your planning about the device would use for the mining whether if use mining rigs such as AMD cards or NVIDIA card. These lists usually miners use it:

1. AMD cards:
- RX 470,  480 4/8 GB, 560, 580 4/8 GB (470,560 I not recommend it)
- Vega
- R9 series: R9 290, 290x, 390, 390x, fury (secondhand, be careful those have the hungry power consumptions)

2. NVIDIA
- 1060 3/6GB, 1070, 1070ti, 1080, 1080ti (1060 3GB, I not recommend it)




 

If OP plans on mining ETH, I agree that buying 1060 3GB is bad idea. Around May 2019. DAG size will grow up to 3GB, and as far as I know this cards will become obsolete in that moment.

@OP - For more information about DAG size you can go on this link and check everything out. There are some really useful information.
           https://investoon.com/tools/dag_size

nah, thanks for correcting me, I forget to mentions if Ethash algorithm especially ETH coin for "the next" mining

Mining cryptonight V7 for a month and the profit look promising ... My Rig it only 2GB cards, so i can't mine ETH

I think profitability is not really linked to the algorithm the coin is on.

It's more about what the coin stands for. The algorithm is just the engineering behind it and the way everything works.

You should definitely do you own research first but before investing I would recommend starting to mine with your CPU to better understand what's it all about. I see a lot of people just throwing money into mining with too few details about it.

You can take a look at my CPU mining thread here: https://bitcointalk.org/index.php?topic=2891680.0

Post there if you have any questions.

This one +1
As I understand he is looking for currently most profitable hardware/algorithm combination, something that's very cheap and at the same time coins with that algorithm are pricey, to sum up the most profitable line of coins which uses same algorithm and hardware of course. (He doesn't mention hardware but without that we can't determine anything).
I would say, that can't be asked and answered so easily. Something that's profitable today, will be less profitable if for example difficulty rises or bitmain decides to create new asic.

An advantageous algorithm is the one whose network power is lower

A situational answer that depends on strategy- immediate, near, or long; energy consumption and costs; and also taking into account that algo profitability can switch over hours.

So far ethhash has been the most profitable but if you see the trend now with only 2 graphic cards like 1060 3GB I am making 1060 h/s in Cryptonight V7 and is making 0.27 mBTC daily.

That means a single mining computer with 6 cards like AMD Rx series can make about 1.3 mBTC daily which is better than Ethereum but only for the moment. In the long term ethhash remains the best in profitability and performance.

if you are asic miner then mine scrypt ..... if mining with gpu then .... neosrypt..

Neoscrypt can be profitable,  but not all the time. Sometimes lyra2 can be even better. I guess that all depends on the moment and hardware that you use. Guess that using software that gives you ability to mine two algorithm is good choice.  ;)

I use whattomine.com