Thank you all. I dont want to sell those coins daily. I rather keep them and wait for a good moment. But how can I decide which coin is worth to invest months on mining in it? Is it just luck or how can I determine a good coin? I am not necessarily searching for the next big thing but it would be frustrating if my chosen coin is just fading away.
And of course there should be a balance between mining difficulty and reward. I see the whole thing more as a PoC to learn more about crypto. About the needs and problems of a miner. But my minimum goal is to get my money for the rig and power cost back in around 12-18 months.
I am a simple miner with simple rules on detecting scams: 1) Is it premined? If Yes, it is a scam 2) Can it be mined? If no, it is a scam 3) Is it an exact copy of another coin? If Yes, it is a scam 4) Is it centralized? If Yes, it is a scam The shitcoins and scams usually (from my experience) falls under those 4 points. If it is not the case on all 4, I believe you can hold it and it will increase in price. |
|
|
|
|
My RX'es 570 4GB doesn't work with dmem 1, with dmem 0 they make 10% less.
Switched back to 9.7.
|
|
|
|
|
I have some setups mining right now, I am also new to mining, only 6 months mining with GPU's so don't have a lot of experience.
What I discovered alone is that it is much better to have more rigs than less, a lot less of points of failure and a lot less time to find the broken part in case something doesn't work. I have 3,4,5,6 GPU's rigs and I like the most the 4 GPU's Rigs, maybe I am silly here but in case a 4 GPU rig doesn't mine, it's only 4 GPU.
Debugging a 19 GPU failure must be a pain in the ass.
|
|
|
|
Thank you!
I am aware of whattomine but I wonder if it is the best strategy to just go for the most profitable coin of the moment. Is it wise to switch on a daily basis?
Personally, I mine only coins that I like and I don't exchange them right away, so the daily price of the coins doesn't matter much, I sell them when I see a good price and it is very rewarding this way, in some cases selling at the right time can give you enormous profit, x2,x3 or even more. This won't work if the coin you mine right now had shady mambo jumbo in past, is premined, or a scam, and the price may decrease. If that is the case with the coin you mine, just sell it on a daily basis. To answer your question fully - the best strategy to go for the most profitable coin is when you exchange that coin right away, If you want to buy BTC immediately after you mine your coin, than this is the best strategy, also the safest one. If you like a coin and it is also profitable, it will be wiser if you mine it for longer periods and exchange it when you see a pump, and pump happen a lot on good coins. |
|
|
|
|
If I would have free electricity I would buy some older ASICs and mine bitcoin directly, something like Antminer S7, around 4.7 TH/s and it costs around 500$ each.
You will make around 180$ with each miner, with 5k you can buy 9 S7 and 9 Power Sources, making 1600$ per month, with an ROI around 90 days.
It is amazing that you have free electricity, even if some of the ASIC's will break, I believe it is worth.
Pluses: Shipped immediately, mining right away, no need to wait for the new ASICs shipped by bitmain.
Minuses: You won't have warranty, so if you don't have in town good repair centers, they will just stay in a corner doing nothing.
I don't recommend GPU mining if you have free energy.
|
|
|
|
|
Hello, at this moment, you can't mine Bitcoin Gold, but I know it is more profitable to mine MONA now, ZEC and after that comes HUSH, but the difference is insignificant, so I wouldn't bother.
You can check the website whattomine[dot]com, there you will find accurate data about mining most of the coins.
|
|
|
|
|
Now it's almost a beta product! Good job, LBRY, seriously!
|
|
|
|
|
My answer is 90$. Too bad it isn't reflected in your poll.
|
|
|
|
|
Even if you will sell at a loss, the money won't be lost if you take a lesson from this venture:
1) Always hold Bitcoin, Bitcoin proved it's worth to be held and it is also profitable.
2) Always have a stop loss, no matter the instrument you trade, if it doesn't go how you plan, stop loss, wait for it to fall and buy when you see a powerful buy signal.
3) Investing in crypto is interesting and also very easy for me - right now the BTC dominance is 54%, I always keep at least the percent BTC is dominating in BTC, the rest in alts. What alts to choose is everybody's choice so I won't comment your chosen coins.
|
|
|
|
Who can still keep up with all these forks. I don't really see the need for bitcoin gold to join the party as well.
Indeed, nobody really needs this. To me i's just a gimmick to get more people to invest (more) in Bitcoin Most will end up supporting Bitcoin anyway, as this is the real deal It seems like this is the new craze, it used to be just making a coin, then make a token and now it is forking Bitcoin. Given that Bitcoin Cash was quickly relegated to a 'big alt', I don't imagine that future forks will be any more sucessful. I can see a few more forks, each being less successful than the last, until they are worthless. While I do get your point, I believe you are wrong. Bitcoin Segwit2x is the wannabe Present/Future/Real Bitcoin, Bitcoin Cash did not have this claim, they admitted they are different and moved along. Now with the Bitcoin Segwit2x messing something up, forcing tons of forks, splitting the network into tens/hundreds of sub networks, the actual BTC or Bitcoin Cash will get the legacy of the "Real Bitcoin". Having the fact that most of the network supported Bitcoin Segwit2x and it got fucked up, I expect in this case Bitcoin Cash to get the crown and crash the other forks. |
|
|
|
|
Litecoin is one of the good coins, I hold some.
|
|
|
|
I met a man who in my mind I compare to Mr. Wright - http://www.ricktheconman.com/. I first met him at a meetup at the Venetian here in Vegas, parting ways just two hours prior to the attack, for he said that he had to travel all the way to North Vegas to install a toilet for a client after he claimed how rich he was and had everything done for him. About a week later, I attended another meetup so to warn the others about RJ, finding the link above after the fact. RJ informed me that he was at the attack site and transported victims to the hospital, an impossibility at best. I then showed him the linked site, whereupon he claimed that wasn't him but thanked me for bringing it to his attention. Everybody else could see the resemblance but RJ who ... wait for it ... was holding the exact same cane as the other RJ is seen holding in the pics. Afterward, RJ continued to mix with the crowd telling others about all the deals he made with others in attendance, including with myself. He bragged about his new team member, who looks like Frankenstein, as being his lead coder. A few minutes later I asked Frankenstein about his coding skills. He informed me that he studied HTML 20 years ago but gave it up [for Lent], and hasn't owned a computer for over two years. Later, RJ gets in my face and says that he doesn't give a shit if I believe him or not because he's telling the truth. I guess that's why he was attending a VERY BASIC bitcoin meetup asking newbie questions after informing everybody there that he's been a Bitcoiner for years and owns mega bitcoins. Frankenstein used to own bitcoins but he made the mistake of sending the balance for cash sans a fee, still waiting for his twenty bucks worth of coins to get confirmed, further stating that he couldn't eat for a couple days because he was broke, later able to eat because he did a side job. RJ was talking to another dude about being a level-12 member at http://tvpnc.org/, stating that Frankenstein is a level-14 member. When asked how many levels are there, RJ said, "How many levels are there? Frankenstein, tell this dude how many levels there are." (paraphrased, but goddamn close) Not only didn't Frankenstein not know how many levels there are, but his answer went in so many tangents it made my head spin, and I was just privy to the convo, not one of the participants. One more thing. At the second meetup I asked RJ about Ella (see link above). He said, "Who?" Oddly, Ella was at the Venetian meetup who he periodically had convos with, then informing me that he just met that woman (going by a different name) and that she seems bright in this space (paraphrased - taxing my memory). The truth being that she's his partner and they work as a team toward nefarious means. This sounds like a part of a script from an average movie.  |
|
|
|
A great comment to the article, on cointelegraph post: The reason 99% of blockchains avoid zk-snark's i.e. zero knowledge proofs is because of "trusted set-up" - they require trust in people who write them not to abuse them - they literally have a backdoor built in, completely unacceptable for pretty much any public blockchain. even the best privacy coins like monero avoid zk proofs like the plague as you might as well not use a blockchain if you depend on trust.
|
|
|
|
|
Having it premined makes it a scam, so I agree, Bitcoin Gold is a scam and deserves to be in the trash can.
|
|
|
|
|
Yes, 4800$ for BTC is telling us that 5000$ ATH is nothing, BTC moving to 6000$ mark before the Monte Card trick.
I call 6000$ for BTC until the end of October, after that we will have the flip.
|
|
|
|
you are right... everyone has their own free will to decide to whether it is good or evil...
Yes, which is exactly why we have so many idiots, scams, and all kids of nasty shit. In other words, becaudr people who are not capable of making proper decisions/judgements in almost any situation were/are making such decisions/judgements. it is not just all up to the devs why DeepOnion community continuously grows...
There is no community of any kind. There's an signature campaign full of farmed accounts owned by a small amount of people. but people are truly seeing its potential that is why they joined...
The coin has zero potential whatsoever. let everyone decide for themselves, and i know they won't regret it...
Which is how/why pretty much any successful scam was executed.
So the DeepOnion shills keep relentlessly defending this shitcoin?  They need to shill or they will be kicked out of the airdrop Signature campaign . And to protect not (yet) dropped shitcoin. |
|
|
|
|
Yes, having 66.(6)% of the hashrate will give you the possibility of launching a 51% attack.
|
|
|
|
|
3200 people lost money, well when shit will hit the fan, I hope you are not around as RPX will fall.
|
|
|
|
hey guys
nowadays, the " e " trend is invading the cryptocurrency shit or not shit, but the success of eBTC in 5 days can provide another image to this token as his creator has use the benefit of Etheruim blokchain in case of speed and efficiency in side and the best story of bitcoin as it is the first coin push a way the control of governments and let everyone to be a part of a long project .
Even the advantages of Bitcoin we have seen the control of others sides, non governmental but big investors that we don't know even where they come ,
the value of bitcoin has changed from a coin of all the world to a luxury that every single rich think about it , think to double his money , to hide his money as the use of gold nowadays .
The idea that Bitcoin could one day be replaced or represented by an Ethereum token has been thrown around quite a bit. It’s a good idea, after all an ERC20 token can do everything Bitcoin can do and more .
i am seeing eBTC like a bitcoin in his first steps but the advantage that all 21 millions coin distrusted , no mining , no huge money investing ,... just simple people get it , why we should mine it if eth has implemented his technology ? simple answer we don't need any machine we already have the platform , let it run on this the fast way to promote a token . Now it's the community who decide inside the circle of eBTC .
i wish say a more and more but sometimes a simple project can affect the max of societies .
Amine
You just went full retard by placing Bitcoin vs an altcoin, not even a good one, a shitcoin. Never go full retard. |
|
|
|
|
Show Posts
