New To Mining, Pool/Coin Recommendations ?

[RidgyDidge]

Hi all,

Long time cryptocurrency speculator here thats finally signed up to Bitcointalk and taking the dive into mining

I have acquired some Scrypt mining hardware (a few Gridseeds and a Zeusminer X3) that I finally worked out how to operate.

Should I mine newly launched Scrypt altcoins, litecoin or multipool mine ?

[dodgrad]

Multipool could be a good choice. You can also rent out your rigs. The best mining rig rent site is NiceHash.

[DavieT1337]

Dogecoin and Titcoin! Incoming value to the Moon!

regards
DavieT1337

[tittiecoiner]

Should I mine newly launched Scrypt altcoins, litecoin or multipool mine ?

Depends on your intention. Only for profit? Go with Multipool and check the current profitability http://poolpicker.eu/table?algo=scrypt
Expect a price explosion of certain coins? Do some research and get a good amount, hold it and sell at a price you are comfortable with.
You want to support a coin you like, profit is not so important? Mine this coin.

[tittiecoiner]

The best mining rig rent site is NiceHash.

Why?

[unsoindovo]

Dogecoin and Titcoin! Incoming value to the Moon!

regards
DavieT1337

hu...
why?
some new news??

tell us!!!

[Beraturker]

Which coin?

[dodgrad]

Which coin?

You can mine Ethereum coin now. It is very profitable. Its value is just being recognized. The price could rise in the future.

[Greenenergy]

Which coin?

You can mine Ethereum coin now. It is very profitable. Its value is just being recognized. The price could rise in the future.

I would not recommend him that option. The difficulty is rising fast, and he might never get his investment back if the price drop of just a few mBTC.

[dodgrad]

Which coin?

You can mine Ethereum coin now. It is very profitable. Its value is just being recognized. The price could rise in the future.

I would not recommend him that option. The difficulty is rising fast, and he might never get his investment back if the price drop of just a few mBTC.

It is still profitable to mine Ethereum. But I do not know how long that will last. The difficulty is rising fast.

[Greenenergy]

Which coin?

You can mine Ethereum coin now. It is very profitable. Its value is just being recognized. The price could rise in the future.

I would not recommend him that option. The difficulty is rising fast, and he might never get his investment back if the price drop of just a few mBTC.

It is still profitable to mine Ethereum. But I do not know how long that will last. The difficulty is rising fast.

Even if that's still profitable to mine it, buying graphic cards only for this purpose might not be a good idea. But after all, there's still other coins to mine.

[RidgyDidge]

I heard that CPU coins are making a revival now that down-payments are/have been put on X Series ASIC Hardware...

GPU miners will need a new algorithm when that happens thus making way for the CPU only algorithms.

[Greenenergy]

I heard that CPU coins are making a revival now that down-payments are/have been put on X Series ASIC Hardware...

GPU miners will need a new algorithm when that happens thus making way for the CPU only algorithms.

I don't know where you heard that, but that might be true. Since I'm not a user of any CPU-mined coin, I could even not give you one name, so that can explain that I'm not aware of this.