Your opinion on mining HUSH

[Tornand]

Hi all,

I have 6x 1070 + 1x 1080 Ti running in a small undervolted rig. At the moment I am mining Hush at around 3.2kH/s. But I am not sure if I should switch to some other coin.
Also I wonder if Bitcoin Gold or Ethereum Dark were an opportunity.

Can you please give some advice here?

[HardFireMiner]

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.

[Tornand]

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?

[jadefalke]

you should check the Project you mine, i tend to mine the Project with the most Potenial. (i dont sell all coins immideatly)

[flip4flop]

If you plan to sell the coins right away then it makes sense to go with whatever is most profitable at the time. If you plan to hold a coin or coins you think will rise in value then it makes sense to mine the coins you fee will rise in value in the mid to long term. It really all depends on your strategy and how quick you want to make ROI.

[HardFireMiner]

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.  

[Tornand]

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.

[Vann]

Look for coins that bring something to the table in the form of innovation or solve a problem and have the development team to implement the roadmap they set for the project. Good communication and marketing is also very important for a project to succeed long term.

[HardFireMiner]

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.