Future of Altcoin Mining

[kanoptx]

I am watching ZCash and plan on mining it when it comes out. dispite the 10% premine system.

Is the algorithm GPU or CPU friendly? If that is GPU friendly, the price of the ZCash could be well supported.

the algorithm will be Equihash which is memory-hard/asic"resistant"/anti-tweeking(...) . there wont be PoS as far as I know so that's the only anti ASIC method they have.

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[virasisog]

I am watching ZCash and plan on mining it when it comes out. dispite the 10% premine system.

Is the algorithm GPU or CPU friendly? If that is GPU friendly, the price of the ZCash could be well supported.

the algorithm will be Equihash which is memory-hard/asic"resistant"/anti-tweeking(...) . there wont be PoS as far as I know so that's the only anti ASIC method they have.

That is excellent news. That is good for the DPU miners to secure the network and have bigger user base.

[kanoptx]

I am watching ZCash and plan on mining it when it comes out. dispite the 10% premine system.

Is the algorithm GPU or CPU friendly? If that is GPU friendly, the price of the ZCash could be well supported.

the algorithm will be Equihash which is memory-hard/asic"resistant"/anti-tweeking(...) . there wont be PoS as far as I know so that's the only anti ASIC method they have.

That is excellent news. That is good for the DPU miners to secure the network and have bigger user base.

there is however a "prremine" which isnt a premine. 20% of the block reward during the first 4 years of mining will go to devs and investors. meaing that 10% of the total supply will be for the devs and investors, but i dont see that as a BIG problem.. since the investors will ensure the coin is sucessful (they own alot of stuff in crypto) also, the team is like the avengers of the crypto world x)

[hatshepsut93]

Seems like Ether Classic will keep GPU mining alive for some time. It also actually might stay PoW for a longer time than Ether.

[Mauser]

Seems like Ether Classic will keep GPU mining alive for some time. It also actually might stay PoW for a longer time than Ether.

Yeah the longer the price stays strong the more investors it will attract. On yobit quite a few people try to pump Ether even further. The best that can happen to the miners.

[starmman]

Use this......  https://www.whattomine.com

I am currently fliting between eth and feather depending which is top of the leader board. However, what is left of the CPU power on the rig is being used to mine Groestl.

So 2 coins on 1 rig!

Eth is running out of time, getting too big too, wow those DAG files! soon PoS, and the price, hmmmm... and its connection with the DAO 
feathercoin looks ok, ASIC resistant on neoscrypt   
Groestl seems to run in the background with a bit of CPU throtling and seems to be just as efficent on CPU as GPU.

I'm still looking for best ways to cash out, as i like to cash out once per month from Altcoin to either Gold or bitcoin.....  And in the case of eth.... im so glad i did.  I was only holding 0.119 eth when the DAO was hacked so i got to keep my shirt.  And I enjoied 3 -4 months of very profitable mining, sh*t myself when the electric bill came though.

Things are changing....  Lets see what happens after the bitcoin price doubling   £300 two months ago.... £600 in two months time.

I'm interested to see what others plan on doing with their GPUs after ethereum.

Hi greenuser, Just wondering, which service are you using to transfer alt coins to gold? I've been thinking about doing that but not sure on which services are the best =)

[PovertyByte]

Honestly there are many many old threads about Ethereum's imminent downfall that never happened. A bunch of people speculating it has never proven true yet. Only thing worrying is the constant drama on the coin now with the losers of the vote to fork or not going back on the old chain. That makes me feel like the community is finally on the downfall. Maybe it will all balance out, maybe it won't

To be safe I am questioning if I should get 2 RX 480's or get 1 GTX 1070. The 2x 480's would mine Ether faster but the 1070 would allow me to pump VertCoin if the community destroys its self. I don't really understand smart contracts on the technical side but the concept is intriguing so I would like to see it succeed From the time I got on here mining topics were basically Ethereum unless specified as other. Would the RX480's be profitable in anything else? Hash rate searches just endlessly feed me Ether.

[Mark02]

Honestly there are many many old threads about Ethereum's imminent downfall that never happened. A bunch of people speculating it has never proven true yet. Only thing worrying is the constant drama on the coin now with the losers of the vote to fork or not going back on the old chain. That makes me feel like the community is finally on the downfall. Maybe it will all balance out, maybe it won't

To be safe I am questioning if I should get 2 RX 480's or get 1 GTX 1070. The 2x 480's would mine Ether faster but the 1070 would allow me to pump VertCoin if the community destroys its self. I don't really understand smart contracts on the technical side but the concept is intriguing so I would like to see it succeed From the time I got on here mining topics were basically Ethereum unless specified as other. Would the RX480's be profitable in anything else? Hash rate searches just endlessly feed me Ether.

I do not have knowledge in mining especially in altcoins. Maybe ETH is good to mine (my opinion) because many are holding this coin, even though it is constantly going down. Sooner or later, it will rise and it will be profitable to the holders.

[Rastanan]

Honestly there are many many old threads about Ethereum's imminent downfall that never happened. A bunch of people speculating it has never proven true yet. Only thing worrying is the constant drama on the coin now with the losers of the vote to fork or not going back on the old chain. That makes me feel like the community is finally on the downfall. Maybe it will all balance out, maybe it won't

To be safe I am questioning if I should get 2 RX 480's or get 1 GTX 1070. The 2x 480's would mine Ether faster but the 1070 would allow me to pump VertCoin if the community destroys its self. I don't really understand smart contracts on the technical side but the concept is intriguing so I would like to see it succeed From the time I got on here mining topics were basically Ethereum unless specified as other. Would the RX480's be profitable in anything else? Hash rate searches just endlessly feed me Ether.

I do not have knowledge in mining especially in altcoins. Maybe ETH is good to mine (my opinion) because many are holding this coin, even though it is constantly going down. Sooner or later, it will rise and it will be profitable to the holders.

The Ethereum price is not constantly going down. It is quite volatile. When the ETC is completely dead, it will go up.

[Mzie]

I've heard people mentioning that Ethereum won't be profitable for much longer. If so, what would the next likely altcoin to mine be? Also, what would be the best rig for a beginner miner be, in regards to an asic vs gpu setup?

theres a wide range of coins to mine ETC is profitable currently

[QuintLeo]

Maybe Monero (XMR) can be the replacement of Ethereum. Almost the same structure of BTC. I have seen it rise from 1.47 $ a coin to 1.95$  as of today. You can try mining it right now with MinerGate

 Monero RIGHT NOW is barely break-even with GPUs at LOW ELECTRIC COST.

 It can't possibly handle an influx of even 10% of the Ethereum rigs currently mining ETH.



 ETH will die eventually as a mineable coin - the long-announced but delayed move to POS is guarenteed to do so - but it should have a few months to a year of mining left, if your electric rate is low enough.

 GTX series cards can also move over to FoldCoin after they become unprofitable on ETH - AMD cards traditionally don't do well on folding, unfortunately, though I've not seen how the new Polaris stuff does on that yet.

[Rastanan]

Maybe Monero (XMR) can be the replacement of Ethereum. Almost the same structure of BTC. I have seen it rise from 1.47 $ a coin to 1.95$  as of today. You can try mining it right now with MinerGate

 Monero RIGHT NOW is barely break-even with GPUs at LOW ELECTRIC COST.

 It can't possibly handle an influx of even 10% of the Ethereum rigs currently mining ETH.



 ETH will die eventually as a mineable coin - the long-announced but delayed move to POS is guarenteed to do so - but it should have a few months to a year of mining left, if your electric rate is low enough.

 GTX series cards can also move over to FoldCoin after they become unprofitable on ETH - AMD cards traditionally don't do well on folding, unfortunately, though I've not seen how the new Polaris stuff does on that yet.

The Monero is a botnet CPU coin. It is more profit to mine by the botnet CPU. It is not profitable to mine with GPU.

[Batelk]

Maybe Monero (XMR) can be the replacement of Ethereum. Almost the same structure of BTC. I have seen it rise from 1.47 $ a coin to 1.95$  as of today. You can try mining it right now with MinerGate

 Monero RIGHT NOW is barely break-even with GPUs at LOW ELECTRIC COST.

 It can't possibly handle an influx of even 10% of the Ethereum rigs currently mining ETH.



 ETH will die eventually as a mineable coin - the long-announced but delayed move to POS is guarenteed to do so - but it should have a few months to a year of mining left, if your electric rate is low enough.

 GTX series cards can also move over to FoldCoin after they become unprofitable on ETH - AMD cards traditionally don't do well on folding, unfortunately, though I've not seen how the new Polaris stuff does on that yet.

The Monero is a botnet CPU coin. It is more profit to mine by the botnet CPU. It is not profitable to mine with GPU.

Even though the Ethereum is not most profitable to mine with GPU, it can support very large hash rates.

[starmman]

Maybe Monero (XMR) can be the replacement of Ethereum. Almost the same structure of BTC. I have seen it rise from 1.47 $ a coin to 1.95$  as of today. You can try mining it right now with MinerGate

 Monero RIGHT NOW is barely break-even with GPUs at LOW ELECTRIC COST.

 It can't possibly handle an influx of even 10% of the Ethereum rigs currently mining ETH.



 ETH will die eventually as a mineable coin - the long-announced but delayed move to POS is guarenteed to do so - but it should have a few months to a year of mining left, if your electric rate is low enough.

 GTX series cards can also move over to FoldCoin after they become unprofitable on ETH - AMD cards traditionally don't do well on folding, unfortunately, though I've not seen how the new Polaris stuff does on that yet.

The Monero is a botnet CPU coin. It is more profit to mine by the botnet CPU. It is not profitable to mine with GPU.

I've been dabbling with mining XMR, it takes a long time to mine 1XMR with CPU, and the transfer cost is 0.1 which makes the mining not so profitable unless you generate a lot. I've also been mining BCN, but the supply of BCN is almost depleted. I'm wondering which coin is best to CPU mine next. I'm thinking about XDN maybe. I'm also mining XMG with CPU but that is more unique as the block reward reduces as total  hash rate increases, so dont mine that one at full pelt.

Is anybody else CPU mining? Which coins are you mining?

[maxfunky]

However, what is left of the CPU power on the rig is being used to mine Groestl.
So 2 coins on 1 rig!
Eth is running out of time, getting too big too, wow those DAG files! soon PoS, and the price, hmmmm... and its connection with the DAO  >:(feathercoin looks ok, ASIC resistant on neoscrypt   
Groestl seems to run in the background with a bit of CPU throtling and seems to be just as efficent on CPU as GPU.

Hi greenuser ! Which miner are you using for CPU mining Groestl and on which pool ?

[Rastanan]

Maybe Monero (XMR) can be the replacement of Ethereum. Almost the same structure of BTC. I have seen it rise from 1.47 $ a coin to 1.95$  as of today. You can try mining it right now with MinerGate

 Monero RIGHT NOW is barely break-even with GPUs at LOW ELECTRIC COST.

 It can't possibly handle an influx of even 10% of the Ethereum rigs currently mining ETH.



 ETH will die eventually as a mineable coin - the long-announced but delayed move to POS is guarenteed to do so - but it should have a few months to a year of mining left, if your electric rate is low enough.

 GTX series cards can also move over to FoldCoin after they become unprofitable on ETH - AMD cards traditionally don't do well on folding, unfortunately, though I've not seen how the new Polaris stuff does on that yet.

The Monero is a botnet CPU coin. It is more profit to mine by the botnet CPU. It is not profitable to mine with GPU.

I've been dabbling with mining XMR, it takes a long time to mine 1XMR with CPU, and the transfer cost is 0.1 which makes the mining not so profitable unless you generate a lot. I've also been mining BCN, but the supply of BCN is almost depleted. I'm wondering which coin is best to CPU mine next. I'm thinking about XDN maybe. I'm also mining XMG with CPU but that is more unique as the block reward reduces as total  hash rate increases, so dont mine that one at full pelt.

Is anybody else CPU mining? Which coins are you mining?

Does your CPU have AES_NI. If it does, then it is more efficient than the GPU mining with 280X.

[Wind_FURY]

I've heard people mentioning that Ethereum won't be profitable for much longer. If so, what would the next likely altcoin to mine be? Also, what would be the best rig for a beginner miner be, in regards to an asic vs gpu setup?

I think zcash will be the next big POW altcoin. It is developed by a good team behind it. I also have been looking for more information in crypto mining and it would be nice to be pointed in the right direction.  Profitability is not my goal for now but I would like to gain experience in mining.

[virasisog]

I've heard people mentioning that Ethereum won't be profitable for much longer. If so, what would the next likely altcoin to mine be? Also, what would be the best rig for a beginner miner be, in regards to an asic vs gpu setup?

I think zcash will be the next big POW altcoin. It is developed by a good team behind it. I also have been looking for more information in crypto mining and it would be nice to be pointed in the right direction.  Profitability is not my goal for now but I would like to gain experience in mining.

I hope so. When the Ethereum becomes PoS, we need another big coin to absorb the huge mining power.

[starmman]

Maybe Monero (XMR) can be the replacement of Ethereum. Almost the same structure of BTC. I have seen it rise from 1.47 $ a coin to 1.95$  as of today. You can try mining it right now with MinerGate

 Monero RIGHT NOW is barely break-even with GPUs at LOW ELECTRIC COST.

 It can't possibly handle an influx of even 10% of the Ethereum rigs currently mining ETH.



 ETH will die eventually as a mineable coin - the long-announced but delayed move to POS is guarenteed to do so - but it should have a few months to a year of mining left, if your electric rate is low enough.

 GTX series cards can also move over to FoldCoin after they become unprofitable on ETH - AMD cards traditionally don't do well on folding, unfortunately, though I've not seen how the new Polaris stuff does on that yet.

The Monero is a botnet CPU coin. It is more profit to mine by the botnet CPU. It is not profitable to mine with GPU.

I've been dabbling with mining XMR, it takes a long time to mine 1XMR with CPU, and the transfer cost is 0.1 which makes the mining not so profitable unless you generate a lot. I've also been mining BCN, but the supply of BCN is almost depleted. I'm wondering which coin is best to CPU mine next. I'm thinking about XDN maybe. I'm also mining XMG with CPU but that is more unique as the block reward reduces as total  hash rate increases, so dont mine that one at full pelt.

Is anybody else CPU mining? Which coins are you mining?

Does your CPU have AES_NI. If it does, then it is more efficient than the GPU mining with 280X.

Looks like my processor does support AES-NI, I'm running a fairly new i7 with 8Mb cache. That's handy to know.

[Rastanan]

Maybe Monero (XMR) can be the replacement of Ethereum. Almost the same structure of BTC. I have seen it rise from 1.47 $ a coin to 1.95$  as of today. You can try mining it right now with MinerGate

 Monero RIGHT NOW is barely break-even with GPUs at LOW ELECTRIC COST.

 It can't possibly handle an influx of even 10% of the Ethereum rigs currently mining ETH.



 ETH will die eventually as a mineable coin - the long-announced but delayed move to POS is guarenteed to do so - but it should have a few months to a year of mining left, if your electric rate is low enough.

 GTX series cards can also move over to FoldCoin after they become unprofitable on ETH - AMD cards traditionally don't do well on folding, unfortunately, though I've not seen how the new Polaris stuff does on that yet.

The Monero is a botnet CPU coin. It is more profit to mine by the botnet CPU. It is not profitable to mine with GPU.

I've been dabbling with mining XMR, it takes a long time to mine 1XMR with CPU, and the transfer cost is 0.1 which makes the mining not so profitable unless you generate a lot. I've also been mining BCN, but the supply of BCN is almost depleted. I'm wondering which coin is best to CPU mine next. I'm thinking about XDN maybe. I'm also mining XMG with CPU but that is more unique as the block reward reduces as total  hash rate increases, so dont mine that one at full pelt.

Is anybody else CPU mining? Which coins are you mining?

Does your CPU have AES_NI. If it does, then it is more efficient than the GPU mining with 280X.

Looks like my processor does support AES-NI, I'm running a fairly new i7 with 8Mb cache. That's handy to know.

If it is I7, it will support AES_NI. So if you do not over clock and mine the Monero, you can have about 300H/s or even hgher.