ethought (OP)
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May 11, 2013, 05:09:14 AM |
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Hi All - Newbie alert!
I have just ordered parts for my first GPU mining rig.
I have decided to either mine for litecoin or feathercoin as mining for bitcoin is just not worth it especially with all the ASICs coming out now.
Right now it seems immediate value for hashing power is much better when mining litecoin as opposed to feathercoin.
Is feathercoin worth mining from a long term perspective?
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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AzureEngineer
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May 11, 2013, 05:11:58 AM |
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www.coinchoose.com gives a basic profitability in comparison to Bitcoin mining. There are so many coins out there, it is hard to keep up.
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My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
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Bitcycle
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May 11, 2013, 05:23:26 AM |
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Feathercoin seems to have had a quick influx of miners, and the value has tanked on btc-e. Possible it will recover, but it's something of a gamble now.
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wowsza
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May 11, 2013, 05:31:42 AM |
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Feathercoin seems to have had a quick influx of miners, and the value has tanked on btc-e. Possible it will recover, but it's something of a gamble now.
way too many different coins now  |
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ethought (OP)
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May 11, 2013, 05:33:23 AM |
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www.coinchoose.com gives a basic profitability in comparison to Bitcoin mining. There are so many coins out there, it is hard to keep up. Yes, I agree, its hard to know what to start mining with relatively limited mining power. Although terracoin looks to currently have the best profitability it is SHA-256 based, does this mean the current generation of ASIC will be able to mine for it? |
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AzureEngineer
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May 11, 2013, 05:39:12 AM |
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Yes, I agree, its hard to know what to start mining with relatively limited mining power. Although terracoin looks to currently have the best profitability it is SHA-256 based, does this mean the current generation of ASIC will be able to mine for it?
As far as I know, all Bitcoin ASICs are capable of mining any SHA256 coin. I've never had the good graces of owning an ASIC, so I can't verify it. |
My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
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ethought (OP)
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May 11, 2013, 06:01:09 AM |
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Yes, I agree, its hard to know what to start mining with relatively limited mining power. Although terracoin looks to currently have the best profitability it is SHA-256 based, does this mean the current generation of ASIC will be able to mine for it?
As far as I know, all Bitcoin ASICs are capable of mining any SHA256 coin. I've never had the good graces of owning an ASIC, so I can't verify it. So as I understand it, without the privilege of owning an ASIC miner (I have ordered as ASIC from BFL, but does not look like it will be arriving anytime soon), it would be better to stay away from SHA-256 based currencies at the moment? |
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AzureEngineer
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May 11, 2013, 06:09:22 AM |
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So as I understand it, without the privilege of owning an ASIC miner (I have ordered as ASIC from BFL, but does not look like it will be arriving anytime soon), it would be better to stay away from SHA-256 based currencies at the moment?
If a SHA256 coin (such as Terracoin) is the most profitable to mine, then mine it. Don't worry, you'll get your BFL ASIC somewhere between now and the end of time. |
My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
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xenonhost
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May 11, 2013, 06:16:27 AM |
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Is there someone who can explain me how to choose the right currency for gpu mining? I'm looking at the http://www.coinchoose.com and I don't know which one is the best atm. Any step by step how to for mining in linux? |
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sadface
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May 11, 2013, 09:01:23 AM |
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i guess ftc will have its comeback at some point
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statusd111
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May 11, 2013, 09:05:10 AM |
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naah feather coins (no future) just mine LTC  |
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tobobit
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May 11, 2013, 09:11:40 AM |
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just mine ltc. I agree.
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ilostcoins
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May 11, 2013, 09:39:30 AM |
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Another option is to watch for new coins announcements in the forum, and mine them when difficulty is low. People who can catch these waves early seem to do quite well out of it.
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LTC: LSyqwk4YbhBRtkrUy8NRdKXFoUcgVpu8Qb NVC: 4HtynfYVyRYo6yM8BTAqyNYwqiucfoPqFW TAG id: 4313
CMC: CAHrzqveVm9UxGm7PZtT4uj6su4suxKzZv YAC: Y9m5S7M24sdkjdwxnA9GZpPez6k6EqUjUt
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ethought (OP)
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May 11, 2013, 04:09:32 PM |
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Another option is to watch for new coins announcements in the forum, and mine them when difficulty is low. People who can catch these waves early seem to do quite well out of it.
Yes, I was thinking that. Quite risky if the new coin doesnt get off the ground. But potentially quite profitable if it does. |
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ethought (OP)
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May 11, 2013, 04:10:26 PM |
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just mine ltc. I agree.
Litecoin it is then for the moment. Maybe a just a little feathercoin on the side..  |
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CryptoPath
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May 11, 2013, 04:12:07 PM |
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Litecoin is better
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ChekaZ
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May 11, 2013, 05:10:17 PM |
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wait till retarget then FTC will rise up ! atm its not that worthy, sadly :/
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BTC: 1Ges1taJ69W7eEMbQLcmNGnUZenBkCnn45
FTC: 6sxjM96KMZ7t4AmDTUKDZdq82Nj931VQvY
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duul
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May 11, 2013, 05:43:30 PM |
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Nope. Trashcoin more like.
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