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Question: Should we mine bitcoin or other coin  (Voting closed: September 27, 2016, 12:38:46 PM)
Yes, bitcoin - 1 (12.5%)
Doge - 0 (0%)
Others - 7 (87.5%)
Total Voters: 8

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Author Topic: Which coin should we mine  (Read 968 times)
marleybobthedog
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August 28, 2016, 12:38:46 PM
 #1

I am in a great confusion, as I had managed to gather 30k budget for mining coin but I want to know which should I mine to get more profit per cost?
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August 28, 2016, 12:41:46 PM
 #2

Ethereum should be the most profitable for now.

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August 28, 2016, 12:43:20 PM
 #3

I don't know about Doge, but mining Bitcoins is not that profitable as it used to be. Costs arew bigger and the profit much smaller.

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August 28, 2016, 12:56:52 PM
 #4

most of the famous coins nowadays isn't profitable anymore for mining. i heard ETH mining is somehow profitable but i am not really sure about that. if you want, you can check the alt coin announcement section and check for the coin which you think will have good future, mine it and it will give you good amount of money when it hits good price


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August 28, 2016, 01:03:51 PM
 #5

I think mining both bitcoin and dogecoin is not profitable at the current price level and difficulty level, if you don't have free electricity. But if you can get free electricity than mining bitcoin or ethereum/ETC could still be profitable but if not you better buy coins you believe will rise in value in future.

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August 28, 2016, 01:06:15 PM
 #6

if you want to get profit from mining then better you can do with new altcoin which are just got in the market or who are going good in the exchange, as this will give you immediately profit if the coin is trading very good in exchanges.














 

 

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August 28, 2016, 01:11:22 PM
 #7

I do not know the type of mining is what you do. But if indeed you confusion to do mining because of the many options that could become the site of pertambanga. then I'd suggest you to do mining with the ethereum. Because the Eth has a better potential than any of the other altcoin, but if you have a high enough mining tools then I'd suggest to do mining btc
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August 28, 2016, 01:18:12 PM
 #8

I'll go ethereum, but I other invest my money in trading. It is more profitable for me to trade. Mining here in my country is not advisable because of the proce of electricity is high.

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August 28, 2016, 02:17:50 PM
 #9

Bitcoin mining is not profitable now if you have to buy electricity in market rate. But if you can manage a solar panel to power up your mining rig, then you will see some profits. Also the difficulty level is so high, that you may not get any coins.

SO try ETHEREUM as of now and it can give you a good profit at current difficulty. But the best coin to mine at low power is Monero. Go for it.

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August 28, 2016, 03:35:47 PM
 #10

I will not invest any of it into mining anything... I will buy a cheap hardware wallet {Treazor} online and then simply buy Bitcoin and dump it all into

that wallet. I will then buy and trade Alt coins and increase my profits and hold some Bitcoin, for when the price reach much higher levels. The mining

scene have many tricky and unforeseen problem areas, and if you have to post this question here, you are obviously not ready for it. Good luck, with

whatever you choose.  Wink

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August 28, 2016, 03:46:44 PM
 #11

Try to mine a coin which has real potential. Last few days we have seen an increase in price regarding MONERO the anonymity coin. You can give a try to mine it and hopes that it will rise in value again in the long time. Otherwise stick to the only profitable coin at the moment and that is Ethereum with some really nice R9 480x GPU-s , you should have no problem buying them as your budget I see is 30 K so worth spending some on these great GPU-s.

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August 28, 2016, 03:48:29 PM
 #12

well, eth still profitable but i wouldnt mine it... all this ETH x ETC drama is way too risky. there are other coins with a good future and easy to mine(like decred, xvc, xmr).

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August 28, 2016, 03:51:02 PM
 #13

I am in a great confusion, as I had managed to gather 30k budget for mining coin but I want to know which should I mine to get more profit per cost?
if i were you i think that i would be mining dash at the moment, it seems to have a bright ahead and it is most probably going to grow



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August 28, 2016, 04:00:30 PM
 #14

Most suggestion here are ethereum but i think its not profitable right now depends if you have a good mining rig with good high speed gpu.
Just like other what they do they increase their GPU to increase the speed earn more for mining ethereum..


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marleybobthedog
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August 28, 2016, 04:01:02 PM
 #15

most of the famous coins nowadays isn't profitable anymore for mining. i heard ETH mining is somehow profitable but i am not really sure about that. if you want, you can check the alt coin announcement section and check for the coin which you think will have good future, mine it and it will give you good amount of money when it hits good price


Yea I had confusion whether ETH is profitable, after few replies I can understand that
maydna
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August 28, 2016, 04:41:32 PM
 #16

maybe you would think about mining altcoins like EMC2, FLO, ABY, XDN, SJCX or other altcoins. because bitcoin for now is not profitable again, better you mining altcoin and then you can collect it for while until you got the rate you want or you can directly sell your altcoins stock from mining.


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croutonhexagon
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August 28, 2016, 05:11:10 PM
 #17

I am in a great confusion, as I had managed to gather 30k budget for mining coin but I want to know which should I mine to get more profit per cost?
Bro If you Want Big profits Then You Can Try Out Mining Etherium Because I Heard From Many Users that It is Very Profitable Altcoin Now a Days....
Or You Can See Other Altcoin On Some Exchanges If You Want Others To Mine....
krishna1
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August 28, 2016, 06:16:56 PM
 #18

Mining at this difficulty and price not suggestive but as you want to do it so i will not suggest bitcoin mining instel you should go for altcoin minings. Etherium is good or if you can guess a lowest difficulty coin that you can mine that too

bravehearth0319
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August 28, 2016, 06:20:48 PM
 #19

I am in a great confusion, as I had managed to gather 30k budget for mining coin but I want to know which should I mine to get more profit per cost?

For what I can give you a tip of advice is much better for you to mine Ethereum, So far now it is very profitable and I don't hear any negative feedback to those anyone who invested even any other controversies in ethereum.

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August 28, 2016, 06:23:51 PM
 #20

I'd recommend you profit switching pools. That way you will always mine the most profitable coin.





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