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Author Topic: Musicoin profitability  (Read 2488 times)
retal (OP)
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August 28, 2017, 05:35:02 AM
 #21

It won't last long as there already is a lot of hashrate that has been moving over to Musicoin for the past couple of days. A month or two back Muscicoin was also on top of the chart for a few days only to drop down again. The best time is to mine when no one else is and to sell at times like this.

Now its best ime for mine Music and keep it

any way welcome to our pool: http://unepa.com
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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August 28, 2017, 06:37:08 AM
 #22

It won't last long as there already is a lot of hashrate that has been moving over to Musicoin for the past couple of days. A month or two back Muscicoin was also on top of the chart for a few days only to drop down again. The best time is to mine when no one else is and to sell at times like this.

Now its best ime for mine Music and keep it

any way welcome to our pool: http://unepa.com


It is not the best time, if miners are selling their mined coins for profit immediately after mining. At this time musicoin is ranked low among other coins that are ETH based.
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May 18, 2019, 09:48:03 PM
Last edit: March 23, 2023, 02:28:39 PM by Allbek
 #23

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May 19, 2019, 07:41:37 AM
 #24

MUSIC sure brings back memories. I was basically mining that coin when it was on DAG #0 and you couldn't even mine it with a pool or even use the Claymore ETH miner, you had to solo mine it basically.

Looking at profitability, its not profitable at all the mine. Basically it produces around 50% of what you would get just mining ETH. A few years later, I was still mining it due to the fact that it had a low DAG compared to ETH and you could get like 20MH/s out of a R9 280X instead of 10MH/s which it got for ETH mining.

So I am pretty sure its the same people mining it now. With GPUs that suffer the DAG thrashing bug, they mine it because certain 3GB GPUs can't mine ETH anymore.

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May 19, 2019, 08:52:32 AM
 #25

I started to mine this coin in early 2017, then there was pump up to 1200 Satoshi, ambitious plans for developers to introduce coins.
But this is all behind, the plans were not destined to be fulfilled, the price dropped to 14 satoshi!
Almost 100 times!
The coin is almost dead, it needs resuscitation.

❘|❘ Cлaвa Укpaинe! ❘|❘ Glory to Ukraine! ❘|❘
❘|❘ КaPФaгeн дoлжeн быть paзpyшeн ❘|❘
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May 19, 2019, 10:03:18 AM
 #26

I started to mine this coin in early 2017, then there was pump up to 1200 Satoshi, ambitious plans for developers to introduce coins.
But this is all behind, the plans were not destined to be fulfilled, the price dropped to 14 satoshi!
Almost 100 times!
The coin is almost dead, it needs resuscitation.
There are also coins in my portfolio that fell 100 times ... this is very sad. But I hope that the next crypto pump will grow many, many times. We are promised an unprecedented power pump.

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May 24, 2019, 04:34:34 AM
 #27

Which of the Musicoin is this, is this the one supported by the ICONOMI team, because to me I believe they have closed the project. Concerning the profitability, the most important thing is the liquidity if you have a coin and the spread to sell is huge and will make you to lose huge money selling or even crash the market, there is no need to touch the coin IMO

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