Mining Altcoins ?

[shtodelat]

mining is not relevant already, if it is not industrial scale. As for me, the pampering and a waste of time

[Samkol26]

I'm. Starting to think of this too but is it really good to mine altcoin and if yes what alstcoin are mine able  now..  I haven't seen any around apart electroneum

[defoman]

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

At the moment, if you do not have free electricity, only Bitcoin will cover your electricity costs. While the price of Bitcoin is at $8k all your mining will only cover the cost of electricity. So think about it, maybe you should just buy and keep cryptocurrency.

[cryptohopes]

Are mining rigs available in your region?
What about the electricity cost and weather?

[Pa1n]

Mining isn't make profit nowadays.But next year we dont know maybe you can gain profit.Mining need too much electiricty and its much cost.

[kinki32]

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

If you find very cheap electricity in this way you must! But if you will start business with same rights like everyone then you should not.

[HadadC]

Mining , it cost a lot of money.Nowadays , people dont doing mining.Because , its not giving profit.But who knows, next year.Good luck

[hitrawal91]

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

It depends on the cost of electricity in your country or area and if it is good then you can mine the altcoins by choosing the right altcoin for mining otherwise it is not wise decision to mine the altcoins. You better go for Bitcoin mining as it is highly recommended to give you good returns in mining business comparing to other altcoin mining based on their cost of production. I prefer to go for cloud mining because of pool mining is not been practiced on a high scale in our country as the cost of electricity is really high.

[jpucela14]

Yes it can totally be worth the time and capital if you mine the right coin and you have the right price for power. Try to pick coins that are ready to take off in value, such as SiaCoin. You can mine 100,000 coins in a year so if you believe in the project it can be a very profitable investment.

[Pinturicchio]

It depends on how much money you are willing to spend on mining equipment, where you live (the cost of electricity), for what period of time you want to return your money. There are a lot of factors, you need to analyze it well before starting

[ASHLIUSZ]

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

It depends on the cost of electricity in your country or area and if it is good then you can mine the altcoins by choosing the right altcoin for mining otherwise it is not wise decision to mine the altcoins. You better go for Bitcoin mining as it is highly recommended to give you good returns in mining business comparing to other altcoin mining based on their cost of production. I prefer to go for cloud mining because of pool mining is not been practiced on a high scale in our country as the cost of electricity is really high.

As mentioned electricity is the one that makes the earning one makes through mining. Very few countries around the world has got the reduced electricity consumption and mining by that locations help with increased profiting. Another thing is the capital funding, more the investment more will be the profiting and small scale mining is not that effective and not that profitable.

[Galley]

At the heart of any economic model is a mathematical calculation. Before deciding to start mining, you have to solve many issues related to the acquisition and launch of equipment, the availability of cheap electricity and a suitable climate zone. Yes, and the changing market conditions, can significantly affect your plans. Having weighed the pros and cons, it may be more profitable for you to buy already ready coins than to mine them.

[WaffleMaster]

Absolutely if you can secure bulk hardware that is giving you a discount for ordering bulk. Also, make sure there is some way that you will be able to repair or service your hardware if it becomes broken.

You can pick any type of algorithm so don't feel like you need to buy ASICs or even a ton of GPUs. Make sure you know what the breaker lines in your house go to so you don't blow fuses and have fire hazards from too many watts.

[sud]

I don't know about ETH, but Monero mining difficulty and network hashrate dropped significanlty after their ASIC resistant fork recently. It all depends on your rig hashpower, but there are many calculators, so the most efficient way is to test which algo gives you the best results by testing it for a few days/weeks. Can you specify what kind of rig will you be using to mine?

[modmalaney]

If you like mine, make sure you use preparation for mining is complete. and most importantly if you like mine don't look for mining sites. It won't give you a big profit. only this will take time but to no avail.

[Farma]

If you like mine, make sure you use preparation for mining is complete. and most importantly if you like mine don't look for mining sites. It won't give you a big profit. only this will take time but to no avail.

so far, I feel that minning altcoin is more advantageous than bitcoin, or eth. well, we know that life is a race. there have been many miners out there who have more sophisticated equipment than we have. so, most likely to compete with them, utilizing altcoin is a great goal.

CMIIW.

[leviathon]

Instead of mining you should try to invest in Proof of Stake coins. As POS is gaining steam and you get a decent reward for staking your coins. Also mining isn't easy now and the reward is too low nowadays and the capital investment required is also high. If you go the POS route than you also gain from the price increase that the coin goes through.

[ETHtotheMOON1]

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

this is so quickly developing industry, that it's very difficult to predict what will happen next year. Bitcoin mining is mostly profitable for large mining farms, not for small miners. You can mine something and hope the price grows, but it's easier to buy for that matter

[Lagduf]

Are mining rigs available in your region?
What about the electricity cost and weather?

Where are you from?Do you even read the thread?

Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?

It depends on the cost of electricity in your country or area and if it is good then you can mine the altcoins by choosing the right altcoin for mining otherwise it is not wise decision to mine the altcoins. You better go for Bitcoin mining as it is highly recommended to give you good returns in mining business comparing to other altcoin mining based on their cost of production. I prefer to go for cloud mining because of pool mining is not been practiced on a high scale in our country as the cost of electricity is really high.

You should try to read the latest news again about that, how the majority of miners are getting frustated caused by asic miners. mining is not worth anymore. MN or staking will be much better compared with mining. Longterm ROI, wasted a lot of energy, ASIC domination. All of them already enough to be the reasons why mining is not profitable anymore.

[cardo]

There are many altcoin that have a potential to increase but if you're an beginner i think you should try bitcoin first.