Mining Altcoins ?

[Nicolaus Copernicus]

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

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[cryptothreads]

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

I think you should not exploit Altcoins at the moment. Because the profit you earn is very low and almost no profit. The price of the altcoins will not meet your electricity bill and your investment in a short time.
So I recommend exploring Bitcoin, its price is very high and the profit earned is more than exploiting altcoin.

[arde13]

Pay attention to the POS mining, this trend is gaining more and more strength.
It's probably not the best idea to buy graphics cards now.

[hlopchik3000]

I think it's worth it. Altcoins can grow in relation to bitcoin and this is a good plus. The only question is the correct choice

[batang_bitcoin]

is it worth the time and capital ?

It's worth it if you are mining for the future.
What I mean is if your electricity isn't so expensive it's worth it but if not, you have to create a plan and just mine for the coins and sell it when it comes up. There are coins that have less difficulty and if you'll mine it and hold until its price goes up, it worth it right?

[tsaroz]

If you have cheap electricity, mining GPU centric alts can be profitable. There are many to switch between and GPU's have a good resale value if you decided to discontinue.

[Gonzo1977]

I guess it all depends on what coins you are planning to mine as some are way more profitable than others, add to that the mining difficulty which constantly increases, and you have to bear in mind that the rig alone will cost you a couple of grand. I do not know but I am skeptic about mining.

[comander]

As for me the only alt that it is maybe worth mining is eth. And still it is better to sell it instantly if you dont want to take huge amount of risks in this unstable market. And still I would only mine it if I already had some GPU's, but not planing to buy some in hope to make earns. Mining is not so profitable these days  

[nsasuiteb]

It worths for sure, if it doesn't why do people mine coins? but it also depends on your capital, your hardware for mining. If you have not detailed knowledge about mining you should consult someone expert on this.

[Ayuluv2001]

unless you are looking to hold the coins which you feel has a huge potential in the near future.

If not if you mine and sell immediately, the altcoins is pretty hard to bring you profit.

[anjohyx]

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

It's worth if currently crypto is bull market, like summer 2017, you'll earn a lot of $$$ if you start mining altcoin last year, I believed that 2018 bull market maybe start soon, so maybe ask again when you start to mining altcoin, but start now= NO, you need to prepare a lot of money to setup mining hardware and pay bills, current market better direct buy some altcoin and hold for profit

[Erzinnum]

Definetely worth both. Furthermore, my acquaintance mines some coins for quick selling. they are like scam, but profit will be enormous if you sell them in a month

[lunaelucemauram]

Yes it will be profitable, however always consider the following before investing in mining:
1. Mining hardware: prices differ depending on demand as it will affect your ROI.
2. Mining difficulty: as the prices of crypto pushes up so does the difficulty in mining.
3. Electricity: because price of electricity will differ from region to region.
4. Temperature: mining will emit heat and with heat hardware will overheat so depending on the climate in your area you should need to procide adequate cooling.

[BitcoinCazh]

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

that is good plan because now all price coins not stable and now like before so when you start mining now its not worth it but next year i think all coins will growth more than now so when you start mining you will get worth the price

[Wolfman15]

In any case, we should remember that counting profits is worth the money spent and lost opportunities when buying and starting the mining. Do not forget that your profit should be based on how much money you saved and how much spent those people who decided to purchase coins directly, refusing to mining. If this profit exists, then the mining makes sense

[take_off]

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

I think you should be looking Vertcoin, here to reason why I suggest that. One you can mining Vertcoin just with one click, so if you is a newbie, that easy too mining  . Two Vertcoin has active Segregated Witness at 05/2017, it is a one in altcoin active Segregated Witness. Three, Vertcoin testing Lighting Network and final Vertcoin can trade in big exchange like Binance, Bittrex, Upbit and Polo 

[Muzika]

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

It is depends on the coin you want to mine. And for me there was no good thing in mining altcoin because of low value of other coin and ofcourse you should put huge amount of capital to have a good mining pc.

[sud]

It may be profitable only if you have cheap or free electricity or if you find a promising project that will rise in price in the future. Otherwise it's so much competition in the mining business it will be hard to stay profitable. I'm trying to find a gem with CPU only algorithm, which is a nice niche since other algos are monopolized by big GPU or ASIC farms.

[Papilio]

Altcoins are a good alternative to bitcoin: they have even more profitability than the most popular crypto currency, and the rice is not much bigger. I would recommend distributing funds among several crypto-currencies: even if only one "shoots", the income will be much greater than when using advertising tools.

[qqwx]

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

Why worth time and capital? Its not, wrong thinking. People getting more interested of mining. Mining now best way to earn/make money.
After rising of mining your coin price, Then When you see the rate you will so much happy.Mining is not worth your capital, it will give you currency.