Have more coins in your portfolio in a short term

[kronos123]

The idea behind OP is right but I don't understand it completely; he says to choose little-known or new coins, with low hash, etc. and that's what I always support too, but I also add that you should identify and find the coin when it is not yet on the market, because when a new Coin, even with low hash, arrives on the market, its price changes in 24 hours, and after extraction and purchase on the exchanges are almost the same.

Buying a Coin like Veles, Veriblock, IxiCash, Safecoin, and many others, when they were not yet on the market makes a huge difference compared to when they will be on the market; to do this you need to find and search not here on Bitcointalk but directly on GitHub and Discord.

[1715133799]

1715133799

[superstarbtc]

to mine the new coin, in my opinion, is very risky because I used to do it before, but it's just that I didn't do the research first, the coin I mine is bitcoin nano and it turns out that the coin only becomes garbage even the price is far from the estimation that I expect now officially entered the category and scam, and since then I did not dare to mine new coins

Before mining any coin we have research a lot about the speciality and identification in the current trend. Some coins seem to be very good in the beginning but at the end, they become a scam and no value to the mined coin. So mining is not much benefit to the people who are mining the coins.

[mak013]

Before mining any coin we have research a lot about the speciality and identification in the current trend. Some coins seem to be very good in the beginning but at the end, they become a scam and no value to the mined coin. So mining is not much benefit to the people who are mining the coins.

This research often costs more than profit from him. Till past summer i saw lots of coins that would be "new ETH/BTC/LTC" etc. But i can even remember just names of more than half of them. And RVN is still on fire.

[Alpha0One1]

this is for new people that wants to become a miner ,if you are from a country where electricity is an issue I'd say this is for you ,this is about having more coins at your disposals in a short period of time ,all you need to do is follow my leads ,last year when electroneum coin was launched i quickly jump in and starting to mine and I mined it for two days with 2000H/s and I got 23000 etn already ,the question is how? well always mine coins that are still days old because the difficulty rate will be so low that you would have acquire a lot of it already before the difficulty rate skyrockets, more coins more profit ,this is good for the ones with old GPUs too ,I did the same with other coins like Niobio Cash ,Festival coin and Havven ,mining coins at earlier stage is more profitable ,if you want to choose goodcoin to mine because you don't want to waste your hashrate and time then drop me a message.

I agree, getting in early and stacking up on new coins is the best. I recall mining Nimiq on the first day the mainnet went live and I mined it for a few months. Now I'm sitting on a good stack of coins. 

[X-ray]

Thanks for sharing. This is really insightful. My question now is, how can you decide what coin to mine with the recent surge of coins coming out each day. What do you look out for? Also can you recommend the minimum mining set up cost for someone going into mining for the first time?

Everyone decides by himself. For someone $1000 is maximum that are ready to spend, it will be one set, for another - $5000 - it will be another set. Power, placement, ventilation - for each one these conditions are different. If you bought equipment and dont know what to mine - nicehash or ETH and read and search.

But those people are seeing anothe miners before they can decide the best decision. This day it looks like there was a lot of platform have been planned to move POS rather than keep use POW.
It's so difficult to decide which is the best one and consider ethereum has already planned to move POS. Block reward was decreasing very fast compared with another coin.

[lobat999]

The idea behind OP seems plausible and strategic yet there are also many factors to consider when choosing what profitable coins to mine currently. For me, these are the factors to consider that will serve as criteria in deciding whether to mine that particular coin or not.

1. Is your mining equipment capable of mining that particular coin?

2. Does the coin offers unique and promising technology and not a copy pasted code from other projects?

3. Do the developers shows high level of competency and professionalism?

4. Does it satisfy convincingly the conditions in the following list of additional criteria discussed on  https://bitcointalk.org/index.php?topic=5144508.msg51103208#msg51103208 ?

[jonas5222000]

Its your calls to do your research before you start mining , yeah I did mine shitcoins  before i started getting advanced in cryptocurrency in general , Loki ,haven ,festival ,etn these are no shitcoins guys and infact I've make profit mining them on launched already ,haha

You need enough knowledge about mining or unless your time just wasting or waiting for none,actually i already mined etn and currently i still mine on it and absolutely i have passive income on it.

[Pagri]

Of course this option looks interesting, but before the abundance of new projects that promise immense profits to attract miners it is difficult to make a good decision about it, because so many new altcoins have emerged as many others have fallen into neglect. That is why although the idea seems good, it is easy to understand the interest of the majority to continue to mine the most popular cryptos since they are the only ones that guarantee a return, although minimal, in the long term.

[thefaucetrunner]

this is good advise that help people like me who have a lot of problem with electricity cost issue when taking mining coin as investment. i would like to add more suggestion to everyone, mining any coin when difficulty level was low isnt enough for us to jump in directly without any research, so exploring and knowing exactly which coin you want to mine was very important, so you will not get trash coin and can easily take your profit.

[Christinebeauty]

It is always better to start mining a coin at the early stages when the project is newly launched. It is easy and more profitable. It always gets tough as the project gets old and more mining experts get on board.

[huhhuh18]

Yep yep...that's true. In crypto, the earlier you do your things the better your earning. So i think your advice is cool, mine coins at their early stages f release before difficulty shoots up...so in a way, you accumulate as much as you can as early as possible.

[libert19]

Of course this option looks interesting, but before the abundance of new projects that promise immense profits to attract miners it is difficult to make a good decision about it,

Actually, it's much easier to make decisions for such projects, don't mine it. Guaranteed profits, a big red flag!

[Dr.Osh]

I agree with your suggestion This is also what im doing now with my old computer....
To join in an earlier phase is the only chance for my poor hardware 

When not so many people know about mine crypto and the difficulty is so easy. I remember someone able to mine more than ten thousands of bitcoin just in short time with pentium 3 computer.

But this time our poor hardware will have exploded if we are using it to mine crypto. Lol The fact those people caught the bottom line gets a huge return right now.

well, in the past, maybe mining bitcoin is still quite easy. but, for now, all new hardware is needed, and of course there is a lot of mining for bitcoin. because it is currently a lot of people turning to altcoin, and even that is not easy. maybe mining veil coins can be a good solution for new miners now.

[viljy]

The idea behind OP is right but I don't understand it completely; he says to choose little-known or new coins, with low hash, etc. and that's what I always support too, but I also add that you should identify and find the coin when it is not yet on the market, because when a new Coin, even with low hash, arrives on the market, its price changes in 24 hours, and after extraction and purchase on the exchanges are almost the same.

Buying a Coin like Veles, Veriblock, IxiCash, Safecoin, and many others, when they were not yet on the market makes a huge difference compared to when they will be on the market; to do this you need to find and search not here on Bitcointalk but directly on GitHub and Discord.

It is impossible to guess which coin will bring you profit. A lot of random factors can affect its price in the future. I suppose it's like a lottery.

[Iykecollinz]

Good idea, this is just like saying buying coins when their prices are very cheap. I am sure those that started mining bitcoin earlier are those that have a lot of it and should be among the crypto whales we have now. Veil is another good one with relatively lower difficulty.

[oleganpetro]

this is for new people that wants to become a miner ,if you are from a country where electricity is an issue I'd say this is for you ,this is about having more coins at your disposals in a short period of time ,all you need to do is follow my leads ,last year when electroneum coin was launched i quickly jump in and starting to mine and I mined it for two days with 2000H/s and I got 23000 etn already ,the question is how? well always mine coins that are still days old because the difficulty rate will be so low that you would have acquire a lot of it already before the difficulty rate skyrockets, more coins more profit ,this is good for the ones with old GPUs too ,I did the same with other coins like Niobio Cash ,Festival coin and Havven ,mining coins at earlier stage is more profitable ,if you want to choose goodcoin to mine because you don't want to waste your hashrate and time then drop me a message.

This is a completely true statement. I don’t understand why everyone persistently mines only Bitcoin and Ethereum, when you can make huge money on new coins.

[Lucasgabd]

this is for new people that wants to become a miner ,if you are from a country where electricity is an issue I'd say this is for you ,this is about having more coins at your disposals in a short period of time ,all you need to do is follow my leads ,last year when electroneum coin was launched i quickly jump in and starting to mine and I mined it for two days with 2000H/s and I got 23000 etn already ,the question is how? well always mine coins that are still days old because the difficulty rate will be so low that you would have acquire a lot of it already before the difficulty rate skyrockets, more coins more profit ,this is good for the ones with old GPUs too ,I did the same with other coins like Niobio Cash ,Festival coin and Havven ,mining coins at earlier stage is more profitable ,if you want to choose goodcoin to mine because you don't want to waste your hashrate and time then drop me a message.

This is a completely true statement. I don’t understand why everyone persistently mines only Bitcoin and Ethereum, when you can make huge money on new coins.

they do it because it's easier (more documentation online) and they don't want to bare with the risks of mining new launches or shitcoins (malwares, risk of losing all the investment, so forth and so on...)
in the end: the wild west is not for everybody.