For me it is ofc Kaspa, but Ive seen few people that are mining LTC/DOGE or Alephium etc.
Is there a point to it?
I mean like kaspa machines are the ones that are the most profitable rn and you can just HODL the profit in btc
You created this topic on July 11th about Kaspa mining, can you say the same thing today? Even the most profitable Kaspa miner in the month of July is no more profitable as we speak, Kaspa mining feels more like a ponzi to me than other popular mining like ETHW and ETC or even BTC and Doge coin, I would rather buy Asic miners for BTC, Doge, or ETC than Kaspa or alephium, you won't make half of your money back mining kaspa because difficulty rise fast and block reward reduce every month, it is so unfair to miners.
If you buy a ETC or Doge miner now you will enjoy the mining for 2 years straight without massive plument on your daily returns, as for other new altcoins like Kaspa and Alephium I can't say the same thing.
Right now Kaspa is not doing as good as when i created this post, but Alephium is thriving!
Thats why i diversify the portfolio
That's because Alephium Asic miners are just coming out, the same thing that happened to Kaspa will happen to Alephium, once many Asic mining companies build and launch Alephium miners the difficulty will skyrocket and the mining profitability will go lower, be careful with Asic miners from altcoins as I have seen someone who invested 45k on a Kaspa miner and he lost it all because he was unable to even recover half of the money back, if I have to do Asic mining it will be Bitcoin, Doge, Litecoin or ETC, be wise.
Go on youtibe and see how people are regretting buying Asic miners for Kaspa and some Alephium miners like the Goldshell box, as time goes on the company will keep brining in more efficient miner and the old one will not be profitable anymore, it makes no sense if you do your research very well, the money you shell out might never be make back again.
