Hello, everyone!
I discovered cryptocurrencies for myself just recently, so I'm a little late for the party
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Anyways, I am interested in mining cryptocurrency, but I am not sure which cryptocurrency has the highest return in usd.
Also, which hardware would provide the highest return on investment?
I have read a few threads over here, but I couldn't find all the answers to my questions.
I realize that cryptocurrencies are very volatile, which means that my return on investment will change as the time goes on.
Mining bitcoin does not seem the best option to me, but I may be wrong. I would like to hear your opinion on which cryptos are best to mine now, and which of them are expected to rise.
Any tips for a newbie miner are apprecited!
P.S. My electricity rate is about $0.018. I think it's a pretty good rate to mine cryptocurrency
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It really depends on how much of an initial investment you want to make but right now Ethereum is probably the way to go even though it will be probably be implementing proof of stake late this year. I would reccomend mining Bitcoin. As for what crypto is expected to rise, you can mine Ethereum for the highest profit and trade it for other coins that are more likely to go up. Hope I was of some help to you : )