Suppose i want to mine a coin... new coin... suppose it is a scrypt algo coin. I own a big rig, or any how have managed a rig. Total net hash is about 5ghashes but i have managed 10ghashes ...Can I mine that coin with my 10ghashes mining rig ?? what will be happened then ??
If you are the only one to mine this new coin your profit will be pretty large with tha mining hash power of 10 GH/S. Unfortunately this is a theorist only scenario. Usually new coins will be profitable when no one will be mining them. However their price will also be extremely low so you need to wait and see if their price will rise in the future and you can sell them to make a profit.
I wanted to know, if it is possible to mine or not...
Suppose a new coin has just launched
It is a scrypt/sha256 algo
Total net hash 2ghashes/s..
I have a large farm with 10ghashes/s mining capacity.
Can I mine the coin with all of my mining capacity ?