Best coin to mine?! Short guide of tips.

[Socket54]

I see this question alot, and the usual trolling/sh1tposting and unhelpful replies that follow.

In good faith i will share some tips and tricks on what coins to mine, with a focus on finding newer coins with high volume returns.
So without further ado, lets gets down to the brass tacks.

Check: https://coinmarketcap.com/new/
Only coins with 100k daily market volume get listed so, so it gives you a idea of coins that have at least some action.
Tip: Coins with a asterisk are not mining coins.

Nicehash has a profitability calculator that will show the best current algorithms to mine if you prefer to go for highest gains possible only and its respective coins.
This is so volatile i prefer not to bother with it, but i mine alot of coins i intend to hodl, shelf and forget about till i realize they either never made it, or made me a ton
https://www.nicehash.com/profitability-calculator/

Research coins listed on this page: https://newborncryptocoin.com/new-cryptocurrencies-list/
Alot of these coins you wont hear about anywhere or even know they exist, and they are nicely placed all in one great spot.
Be sure to donate something, alot of time and research goes into this page.

Check: CoinDesk and other well known crypto news sources. Coins and ICO's getting mentions in the industry news have a leg up.

Information: https://coincodex.com/
Alot of information can be found here. news, exchanges, ICO listings etc etc.

Check Twitter: Twitter has alot of "crypto OG's" such as WolfReloaded, WhalePanda, IAmNomad, PanamaCrypto etc etc. Follow the industry leaders.
I got a big break through in XMR thanks to one of these people.

Follow exchange twitters and research the coins they announce they will list.

Check: https://bitcointalk.org/index.php?board=159.0
I typically sort by replies and review the projects with the most, looking for new minable coins. I spend alot of time lurking in here.

Spend at least a few hours or researching these things and more to find great coins to mine.
There is no easy answer and everyone has their own reasoning, opinions and beliefs for "what is the best to mine".
It takes time, research and hard work to be at the top of the game in mining or trading.
If you want easy i suggest getting you get a forex broker. or paying a fee to one of the many private trading groups.
A professional will do all this for you. But it wont be cheap.  https://www.bitcoinmasons.com/ is a great place, one of many.

Socket54, what are you mining now?

Ravencoin, SnowGem, BTCZ. 

Socket54, why are you doing this?
I am a nice guy.

Socket54, would you like a donation?
Sure, you can donate BTC to me here: 1TvKWERinj3ecLheMMwHoyAJnUn4mu3AP

If anyone else has some tips and tricks to share, feel free to do so.
Enjoy.

[theodrim]

Check: https://bitcointalk.org/index.php?board=159.0
I typically sort by replies and review the projects with the most, looking for new minable coins. I spend alot of time lurking in here.

Or you can view that forum sorted by last created topic, and see recent topics - https://bitcointalk.org/index.php?board=159.0;sort=first_post;desc

Otherwise great list of resources, thanks for sharing.

[Raimy]

This is actually a really great post with a lot of useful information and insight, thanks for sharing!

I agree that one can not do enough researching on their own. No one really knows what the next big coins will be or which ones will go bust, but those who put in the time and effort to find out as much as they can about the coins ahead of time, their developing teams, etc. will tend to do better than those who take the easy way out and simply are looking for a list.

[jillscarbrough]

Good job!

Maybe people who always ask what coins are best to be mined will be a bit disappointed with this post. They want specific, coins name, the best pool to mine it, and even they will asking "how-to-do". 

I like this part:

Research coins listed on this page: https://newborncryptocoin.com/new-cryptocurrencies-list/
Alot of these coins you wont hear about anywhere or even know they exist, and they are nicely placed all in one great spot.
Be sure to donate something, alot of time and research goes into this page.

[Socket54]

Thanks guys

[peterboy1]

and now new born crypto site moved to paid service. fishy.

 

[jillscarbrough]

and now new born crypto site moved to paid service. fishy.

 

Oh yeah, It's happened now.
I see that site a few days ago before I comment here. And showing any info about new coins in full. Seems now limited info displayed there.

[Socket54]

Well that sucks, new born crypto has moved to a paid service. Understandable for them i suppose, alot of research goes into this sorta mining.

[sigtmerchant]

Good job!

Maybe people who always ask what coins are best to be mined will be a bit disappointed with this post. They want specific, coins name, the best pool to mine it, and even they will asking "how-to-do". 

You're forgetting the most important thing they ask for after being given all the info end explanation: "please give me the bat file"

[jillscarbrough]

Good job!

Maybe people who always ask what coins are best to be mined will be a bit disappointed with this post. They want specific, coins name, the best pool to mine it, and even they will asking "how-to-do". 

You're forgetting the most important thing they ask for after being given all the info end explanation: "please give me the bat file"

Oh yeah, thanks for adding. 
But actually, that's really happened at this time. It seems like they can't find any info on this whole internet network with a ton of info on it of course. Or may they are too lazy.

[Tatayoyo]

Well that sucks, new born crypto has moved to a paid service. Understandable for them i suppose, alot of research goes into this sorta mining.

Hello,

Yes, newborncryptocoin had to move to a paid service but for a low fee 2usd/month for tables access and 5usd for table access + newcoins list delivered to your mailbox everytime we update the list.
The problem was that there were no donations as you can guess. Of course it takes alot of time everyday to find (and it's a one person website lol), add coins and do maintenance but you also have to add the server cost, template and plugins costs and with making 0$ it never paid the domain, the server, or anything. So sadly no choice there. But I still hope to have the community suppport and see you there

Happy mining everyone !

[jillscarbrough]

Well that sucks, new born crypto has moved to a paid service. Understandable for them i suppose, alot of research goes into this sorta mining.

Hello,

Yes, newborncryptocoin had to move to a paid service but for a low fee 2usd/month for tables access and 5usd for table access + newcoins list delivered to your mailbox everytime we update the list.
The problem was that there were no donations as you can guess. Of course it takes alot of time everyday to find (and it's a one person website lol), add coins and do maintenance but you also have to add the server cost, template and plugins costs and with making 0$ it never paid the domain, the server, or anything. So sadly no choice there. But I still hope to have the community suppport and see you there

Happy mining everyone !

It's okay.
Nothing wrong with paid services, mainly you have to work alone. Your daily job must be hard, trying to find the new-born coins, adding it to your web. May you need to do maintenance each week/month, pay the server bill each month/years and pay domain for every year, seem fair enough with paid service.

[DevelopmentBank]

Don't forget to add whattomine.com as it seems to be a pretty accurate benchmark for mining mainstream coins. It won't always list the most profitable coins but it should easily give newbies an idea of what the prospects and market looks like.

[sigtmerchant]

You're forgetting the most important thing they ask for after being given all the info end explanation: "please give me the bat file"

Oh yeah, thanks for adding. 
But actually, that's really happened at this time. It seems like they can't find any info on this whole internet network with a ton of info on it of course. Or may they are too lazy.

Really? Wow What's wrong with us then, being able to find anything we need in few minutes without asking the same questions on the forum over and over

[sigtmerchant]

Don't forget to add whattomine.com as it seems to be a pretty accurate benchmark for mining mainstream coins. It won't always list the most profitable coins but it should easily give newbies an idea of what the prospects and market looks like.

The problem with WTM is newbies seldom realize that information they're looking at is CURRENT and can easily change in a minute or two.

[jillscarbrough]

You're forgetting the most important thing they ask for after being given all the info end explanation: "please give me the bat file"

Oh yeah, thanks for adding. 
But actually, that's really happened at this time. It seems like they can't find any info on this whole internet network with a ton of info on it of course. Or may they are too lazy.

Really? Wow What's wrong with us then, being able to find anything we need in few minutes without asking the same questions on the forum over and over

Yeah, that's the problems. I think everyone has almost the same text query to search on the search engine in the same case. Then why are people asking the same question over and over again? Silly, right?

[sigtmerchant]

You're forgetting the most important thing they ask for after being given all the info end explanation: "please give me the bat file"

Oh yeah, thanks for adding. 
But actually, that's really happened at this time. It seems like they can't find any info on this whole internet network with a ton of info on it of course. Or may they are too lazy.

Really? Wow What's wrong with us then, being able to find anything we need in few minutes without asking the same questions on the forum over and over

Yeah, that's the problems. I think everyone has almost the same text query to search on the search engine in the same case. Then why are people asking the same question over and over again? Silly, right?

I guess "silly" is the most polite of all words that you could possibly use

[Socket54]

The thing about whattomine and coinwarz is that alot of time those top coins that everyone using the sites see, will also be the coins with the highest difficulties and hasrates needed.
Decent for mining for a steady source of income, but not so much if you seek the pot of gold at the end of the rainbow before FOMO kicks in.

Ideally(in my case anyway) you want to mine those hot popular coins like ETH, ZEC, LTC, XMR  even BTC long before they got popular and long before every rig under the sun is chugging away at them.
In this way you can easily accumulate stacks of bags of coin in preparation for the time that coin may be the next big thing. Remember when you could easily mine 20,40,60+ ETH a day no problem with a entry level rig?
Yeah those days are long long gone lol. But if you did and you saved those ETH? You are set in this game.

So that is really imo "The best coins to mine". The ones that will give you the most return for your hash early on, before they hit big. If they dont hit big, that is ok. Part of the risk in crypto.

[Dbrouwers]

The thing about whattomine and coinwarz is that alot of time those top coins that everyone using the sites see, will also be the coins with the highest difficulties and hasrates needed.
Decent for mining for a steady source of income, but not so much if you seek the pot of gold at the end of the rainbow before FOMO kicks in.

Ideally(in my case anyway) you want to mine those hot popular coins like ETH, ZEC, LTC, XMR  even BTC long before they got popular and long before every rig under the sun is chugging away at them.
In this way you can easily accumulate stacks of bags of coin in preparation for the time that coin may be the next big thing. Remember when you could easily mine 20,40,60+ ETH a day no problem with a entry level rig?
Yeah those days are long long gone lol. But if you did and you saved those ETH? You are set in this game.

So that is really imo "The best coins to mine". The ones that will give you the most return for your hash early on, before they hit big. If they dont hit big, that is ok. Part of the risk in crypto.

Hey Socket54 I appreciate you writing this topic and i also agree with the above.
I tried to send you a PM but it does not allow me as i am still flagged as newbie in this forum.

Can you deactivate that setting?

[bubaba]

thx for the links Socket54