Liquid71
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July 02, 2016, 06:50:41 AM |
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profitability is based on mining the altcoin that earns the most BTC possible, so if you're not selling the coins for BTC right away then there's no sense in switching based on profitability. The most profitable coin might have high difficulty earning a low amount of coins but those coins have a higher price when converted to Bitcoin so it's the most profitable at that moment. The price can change so if you're not converting to Bitcoin you would be better off mining the coins with lowest difficulty. If you are looking to accumulate altcoins mining I'd suggest finding the coins you are most interested in, and then switch between them based on difficulty, if the difficulty is low you'll earn more coins so that's the most "profitable" way to mine when the goal is to accumulate the most altcoins possible. If you get a coin that has a really low difficulty and is being ignored by other miners you can accumulate them faster and if the price goes up later you'll make a lot more than if mining the most profitable coin at that moment and converting directly to bitcoin like most people, however you could also get stuck holding the bag full of shitcoins if the coin never goes back up in price. Risk reward.
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