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anderl (OP)
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June 02, 2013, 04:24:27 PM |
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When the new coins first started coming out (FTC, CNC, etc) I was mining them concurrently. Distributing a percentage of rigs to each. However the failure of those coins to maintain profitability led me to mine every coin that came out. The problem with that was that many coins were being released the same day. It was difficult to distribute the rigs to so many. So I had to become speculative on which coins to mine. I was predominately mining WDC, NIB and DGC.
I didn't bother mining anything new after Luckycoin. Even LKC was worthless to me. So after the dust settled I'm left to 4 coins. BTC, LTC, WDC, DGC. WDC and DGC are similar and I"m hedging my bets by mining both. BTC and LTC of course, but as of late I haven't really found incentive to keep mining it. Profitability is getting worse.
So what are you mining now and why?
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BrewCrewFan
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June 02, 2013, 04:26:44 PM |
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What I can. I dont have a lot of hash power so I hope one of em sticks right now. Of the 4 you listed not one would be profitable for a normal user.
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Sondey10mg
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June 02, 2013, 04:30:16 PM |
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DGC. It's where my money is on
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*Image Removed*
*Image Removed*
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ronaldinho_07
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June 02, 2013, 04:31:07 PM |
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i'm mining pxc now,coin for future  |
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Hydroponica
Full Member
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Activity: 182
Merit: 100
fml
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June 02, 2013, 04:33:01 PM |
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What I can. I dont have a lot of hash power so I hope one of em sticks right now. Of the 4 you listed not one would be profitable for a normal user.
DGC and WDC still remain more profitable than mining LTC. Pick one and mine to your hearts content. Hold on to them, in hopes of price increase. I'd steer clear of long shots like PWC and GLD. I personally don't think they will ever be worth anything. |
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shakezula
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June 02, 2013, 04:35:28 PM |
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BTC. its the only one with real value at the moment; imo.
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baritus
Legendary
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Activity: 966
Merit: 1052
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June 02, 2013, 04:37:54 PM |
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BTC. its the only one with real value at the moment; imo.
If BTC has value, and you can trade DGC directly for BTC, does that not by mathematical equality give DGC value? If A = B, and B = C, then C = A. |
Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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cryptohunter
Legendary
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Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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June 02, 2013, 04:39:30 PM |
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wdc pnx ltc
aside from being the first i have no idea why bitcoin is valued as highly as it is. I always hold some but i think long term there is no good reason for it to stay so far ahead of the other coins as it is now. Of course i could be wrong and it turns out bitcoin is the only coin left standing.
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anderl (OP)
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June 02, 2013, 04:40:20 PM |
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What I can. I dont have a lot of hash power so I hope one of em sticks right now. Of the 4 you listed not one would be profitable for a normal user.
DGC and WDC still remain more profitable than mining LTC. Pick one and mine to your hearts content. Hold on to them, in hopes of price increase. I'd steer clear of long shots like PWC and GLD. I personally don't think they will ever be worth anything. That's the strategy I"m working with now. I sold all my initial WDC and DGC at much higher prices when thy first same out. Just followed a classic mining strategy, dump at the market price. Now that they are a little older I've started switched to selling only to maintain operational expenses and keeping the rest for a longer haul. |
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anderl (OP)
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June 02, 2013, 04:42:31 PM |
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wdc pnx ltc
aside from being the first i have no idea why bitcoin is valued as highly as it is. I always hold some but i think long term there is no good reason for it to stay so far ahead of the other coins as it is now. Of course i could be wrong and it turns out bitcoin is the only coin left standing.
IBM is still around. Xerox is around too. Being one the first gives you seniority, and stamina. But it can be whittled down or removed from relevance in time. The whole crypto currency industry is what 3 or 4 years old. Lets see where it is at in 10 year or 20 years even. |
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shakezula
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June 02, 2013, 04:45:01 PM |
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I suppose in a roundabout way. Everyone can chase the values of these coins in an attempt to always make the most profit or lock in to one or two for the long run. BTC and LTC have had long runs at valuation and a steady market place. None of the alt alts yet have stability; if DGC/WLD/etc suddenly have a negative movement on Coinchoose (maybe due to a diff adjust or exchange outage) people will bandwagon it to the next coin. This may change as these alts grow but I don't see it happening.
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Hydroponica
Full Member
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Activity: 182
Merit: 100
fml
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June 02, 2013, 04:49:20 PM |
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I suppose in a roundabout way. Everyone can chase the values of these coins in an attempt to always make the most profit or lock in to one or two for the long run. BTC and LTC have had long runs at valuation and a steady market place. None of the alt alts yet have stability; if DGC/WLD/etc suddenly have a negative movement on Coinchoose (maybe due to a diff adjust or exchange outage) people will bandwagon it to the next coin. This may change as these alts grow but I don't see it happening.
CoinChoose is horrible. Crypto is long term. How long were LTC and BTC next to worthless? I think, if one of these coins do rise, there's going to be a lot of people, smacking them selves in the face. But, they could all tank to zero, you never know. I believe, the best strategy, is as the guy said before, sell enough to cover your mining expenses, and hold on to some, just in case. |
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BrewCrewFan
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June 02, 2013, 05:07:33 PM |
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What I can. I dont have a lot of hash power so I hope one of em sticks right now. Of the 4 you listed not one would be profitable for a normal user.
DGC and WDC still remain more profitable than mining LTC. Pick one and mine to your hearts content. Hold on to them, in hopes of price increase. I'd steer clear of long shots like PWC and GLD. I personally don't think they will ever be worth anything. Yeah I spent many gold on the bombs... lol. PWC as soon as it hit exchange killed it. I dont do even the WDC or DGC because even the return on those are shit ATM. My goal is to stick to a few coins while the difficulty is low enough for me to get some with 200khash. I guess that is why I support new alts for the most part. Many will fail, BUT its a gamble I need to take . |
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saber
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June 02, 2013, 05:56:50 PM |
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DigitalCoin  |
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lucazane
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Merit: 1000
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June 02, 2013, 05:57:48 PM |
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phenixcoin for sure
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seleme
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Merit: 1028
Duelbits.com
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June 02, 2013, 06:00:03 PM |
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I suppose in a roundabout way. Everyone can chase the values of these coins in an attempt to always make the most profit or lock in to one or two for the long run. BTC and LTC have had long runs at valuation and a steady market place. None of the alt alts yet have stability; if DGC/WLD/etc suddenly have a negative movement on Coinchoose (maybe due to a diff adjust or exchange outage) people will bandwagon it to the next coin. This may change as these alts grow but I don't see it happening.
CoinChoose is horrible. Crypto is long term. How long were LTC and BTC next to worthless? I think, if one of these coins do rise, there's going to be a lot of people, smacking them selves in the face. But, they could all tank to zero, you never know. I believe, the best strategy, is as the guy said before, sell enough to cover your mining expenses, and hold on to some, just in case. Finally to see two of us agree about something  |
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testz
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Merit: 1018
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June 02, 2013, 09:29:15 PM |
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YAC  |
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com911
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June 02, 2013, 09:34:53 PM |
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PPC, its undervalued now.
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Hazard
Legendary
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Activity: 980
Merit: 1000
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June 02, 2013, 09:37:30 PM |
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FlashCoin!
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Eli0t
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June 02, 2013, 09:42:50 PM |
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FlashCoin!
no, guess again |
LTC: LKpJf3uk7KsHU73kxq8iFJrP1AAKN7Yni7 DGC: DKXGvEbj3Rwgrm2QQbRyNPDDZDYoq4Y44d XPM: AWV5AKfLFyoBaMjg9C77rGUBhuFxz5DGGL
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