[Newbie] Planning to start mining altcoins in Philippines

[ytrewq09]

Hi guys!

Im new here and just would like to ask if it is still okay to mine altcoins or it is too late?
Planning to create my own rig to mine altcoins in PH, what are the things i need to consider before starting?

CPU vs GPU mining rig?
Best altcoin to mine?
How to convert altcoin to bitcoin.

Thanks and have a good day

[RentGPU]

Hi guys!

Im new here and just would like to ask if it is still okay to mine altcoins or it is too late?
Planning to create my own rig to mine altcoins in PH, what are the things i need to consider before starting?

CPU vs GPU mining rig?
Best altcoin to mine?
How to convert altcoin to bitcoin.

Thanks and have a good day

A little search before taking action will help alot, cpu mining isn't profitable now you need a gpu rig , alot of altcoins are good to mine you should search for the best  according to your rig specifications and electricity rate in your area (some algo draw more power than others), you can exchange your alts to bitcoin using poloneix or any other cryptocurrency trading websites...again some search will help...

[wheelz1200]

https://whattomine.com/
http://www.coinwarz.com/cryptocurrency

Those are 2 good sites to check out.  You can see some of the more profitable coins to mine right now.  You arent too late, maybe yes for btc but there are a lot of other alts to mine that can be profitable if done right

[philipma1957]

if you point your gpu miners to nicehash either   Eth coin or Zec coin they will auto convert to btc.

I was stationed in the PI in the early 80's for s few months. USN

Back to mining.

PI is hot and humid  do you have a way to move the heat out of the room?

what does power cost you  10 cents a kwatt is good enough for mining.

next question

what are gear prices there?

a small  3  card rig here would be

600 for 3 cards
80   for a motherboard
120 for a psu
30 for an ssd
25 for ram
60 for a cpu

[ytrewq09]

Hi guys!

Im new here and just would like to ask if it is still okay to mine altcoins or it is too late?
Planning to create my own rig to mine altcoins in PH, what are the things i need to consider before starting?

CPU vs GPU mining rig?
Best altcoin to mine?
How to convert altcoin to bitcoin.

Thanks and have a good day

A little search before taking action will help alot, cpu mining isn't profitable now you need a gpu rig , alot of altcoins are good to mine you should search for the best  according to your rig specifications and electricity rate in your area (some algo draw more power than others), you can exchange your alts to bitcoin using poloneix or any other cryptocurrency trading websites...again some search will help...

Thank you for your reply, im currently researching about altcoin mining and planning to build one, but what is my concern is maybe im too late to farm altcoins and to convert it in bitcoin. What i want is to have an alternate income aside from working and i think this may be a wayout. May i ask if your a miner yourself?