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Author Topic: Mining Alt coins  (Read 540 times)
Gunna01
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October 06, 2017, 05:29:24 AM
 #1

So i'm pulling my miner out from Eth. Even with solar the return is too low.

What advise can you give on working out the most profiable ALT to mine with 6 x RX570? Outside of putting faith in an ALT and hoping it grows what is the best way to find a profitible ALT coin compared to eth?

I know about WhatToMine but does it cover all ALTS?
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October 06, 2017, 05:53:38 AM
 #2

Whattomine covers most of the altcoins. I think they do not include coins that have very small volume so the coins listed there should be relatively more stable in price as the volume is larger. By experience you can trust the figures for the most profitable coins there and you might earn more than what’s stated if you overclock.

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October 06, 2017, 07:02:17 AM
 #3

I am mining currently votecoin.site Its not on exchanges now and reward is good - so if you can ignore energy costs maybe you give it a shot.

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October 06, 2017, 07:09:46 AM
 #4

I am mining monero... good long term thing..

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October 06, 2017, 09:02:54 AM
 #5

I am mining Musicoin.

Have 2 rx580 nitro+, approx 120 coins mined in 24 hours = 2.76$ at current rate.
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October 06, 2017, 09:37:00 AM
 #6

I am mining monero... good long term thing..
Whattomine says monero is 1,5 less profitable than eth and zcash. at least for 1060 gpus.
Are you counting on the long, or it is more profitable with your rig right now?
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October 06, 2017, 12:01:38 PM
 #7

You can just trust Whattomine. There are a lot of altcoins which shows better profitability than ETH, but most of them make it just for a short time.
For now, there was no altcoin which made stable profits other than ETH for now.

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October 06, 2017, 01:00:17 PM
 #8

Check this coin EOTCoin, the coin of first blockchhain Phone BitVault eotcoin.info
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October 06, 2017, 04:42:19 PM
 #9

You can just trust Whattomine. There are a lot of altcoins which shows better profitability than ETH, but most of them make it just for a short time.
For now, there was no altcoin which made stable profits other than ETH for now.
Have you seen any changes in ETH minig recently?
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October 06, 2017, 05:41:22 PM
 #10

You can just trust Whattomine. There are a lot of altcoins which shows better profitability than ETH, but most of them make it just for a short time.
For now, there was no altcoin which made stable profits other than ETH for now.
Have you seen any changes in ETH minig recently?

Insane dropping profitability and difficulty increasing a lot every two weeks are enough good reasons to go away from Ethereum. Unfortunately I cannot give you a better altcoin to mine for your RX 570 cards. I would stick to mining it with Nicehash and get paid directly in Bitcoin. I believe in the long term potential of bitcoin so it is better for you that you make 0.0015 btc every day as that is how much you make by mining ETH with 6 RX 570 cards without bios modification. If you decide to modify the bios you can make 0.0022 btc in a day with 6 such cards. Keep mining until the death of your cards.




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October 06, 2017, 07:24:57 PM
 #11

Might also be worth researching lesser known up and coming coins.  If there is potential you can get some mining done before the coin rises in value and make some money that way.  Speculative mining in other words.

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October 06, 2017, 07:48:33 PM
 #12

You might have a better chance mining promising coin with lower difficulty, this way, you will be able to accumulate more coins and a small positive price change will have a larger effect on your earnings. Moreover, that coin might have a great price spike and in the long-run the profitability might be even higher than mining the most known coins, like ZCash or Ethereum.

Have a look at this website for more information on Altcoin prices and its difficulties, http://www.cryptocoinsinfo.com/


 
 
 
 
 
 
 
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October 06, 2017, 07:58:03 PM
 #13

Monero (XMR) is a good Altcoin, because you can use old hardware to get same H/s with cpumining. No expensive GPU needed.
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October 06, 2017, 08:04:30 PM
 #14

Monero (XMR) and Zcash (zec) are both looking pretty stable and trending up, can't go wrong with either.  Ubiq (UBQ) also fairly stable with solid upside potential.

You can also add a little extra income via CPU with either Verium (VRM) or Monero.  VRM runs the cpu a little harder, but Monero doesn't seem to put a huge load on the cpu at all.
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May 27, 2018, 07:38:31 AM
 #15

Who controls the premined EOT's?  Its a fair question. Guess what? they are owned by the scammer peter marais (aka eotoshi). Now he is selling the pre-mine for either waves or erc20 tokens. Laundering worthless EOT for a useful token.
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May 27, 2018, 06:33:00 PM
 #16

I would definitely stay with ETH for now or change mined ETH to BTC, I tried speculative mining of RVN, XTL and similar coins but results aren´t as good as ETH. I have nearly same mining setup than you Smiley
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May 27, 2018, 08:30:29 PM
 #17

For the moment stick with Ethereum as it is the most profitable coin to mine for the RX 570 cards. I don't know what is the situation with Monero but I believe it is the second best coin to mine with these cards.

Mining with Claymore dual miner gives you the best income compared to Nicehash or Winminer and any other automatic program for mining that pays you directly in Bitcoin.

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May 27, 2018, 09:05:22 PM
 #18

Even though I have read the post and gone through the comments yet I did not really get the basic of this mining stuff, maybe someone should please simplify it for me, I will be glad if someone can do that for me
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May 28, 2018, 12:27:22 AM
 #19

Even though I have read the post and gone through the comments yet I did not really get the basic of this mining stuff, maybe someone should please simplify it for me, I will be glad if someone can do that for me
in general there are 3 ways:
1) use multialgo miner (like nicehash, or any other that you can find in this subforum)
2) mine any coin based on whattomine or any similar mining calculator with highest profit for you config
3) watch the thread of new altcoins and mine it right after it launches when the difficulty is low, but there is a risk that new coin might be never listed on any exchange so you will not be able to sell it, so you need to choose it carefully and analyse technology behind it first.

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