Mining Altcoins ?

[GhostWithin]

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.

Even if you will find cheap electricity, you have to take into account the cost of equipment.
If the payback period is more than 1 year, I would not advise. Consider that the difficulty of mining is constantly growing

[Ayston]

have you ever make list of things to buy when you do the mining thing? Also what kind of computer you need to mine if you are going to use computers, like memory, processor, electric bill per month, if your budget is $15,000 to starts then it is better to allow your self gathering materials with that amount, then observe how will your income goes in the first 3 months... if it goes well then you can expand little by little..

[berezov_petro]

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

Yes, of course it is worth spending time and money. Mining is and will be a very promising industry that can bring crazy profits. I think if you successfully start, then in a short period of time your investments will pay off and you will receive a net profit.

[ariaalex]

I am fully agreed with @Cryptothreads. Now alt coins mining is not that much profitable comparing time and capital. You will have to invest a lot but return is so low. Even you have to be in mental pressure to control the load.

[chistiy]

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.

[jonloner011]

I would rather suggest you to buy altcoin this year. The prices are low right now. It's the best time to invest now.

[jasydoggye]

I recommend you not to invest in Altcoin right now. Since the benefit you win is low and no benefit. The cost of the altcoin won't meet your power charge and your interest in a brief timeframe. So I prescribe investigating Bitcoin, its price is high and the benefit earned is more than investing altcoin. Bitcoin is the leader of the market and it is the wise decision to invest in bitcoin.

[maliha tahir]

It worths without a doubt, on the off chance that it doesn't for what reason do individuals mine coins? yet, it additionally relies upon your capital, your equipment for mining. In the event that you have not point by point learning about mining you ought to counsel somebody master on this.

[makerst]

If we are talking about mining then I think that today there are a lot of people, people make the conclusion that they buy the tokens on the stock exchange, because today extraction and ordinary purchase are very often equal, it became non-liquid.

[luisowens]

I will suggest you not to invest in Altcoins next year. Instead of investing in Altcoins you should invest in bitcoin in this year. Because the price of bitcoin is low now and it will rise soon.

[garybyerz]

Crypto currency has a unpredictable future. Now a days the price is remaining quite low and this is the best time for investment. In the next year if price become bullish then it would be very hard to invest on in and a lot of capital would be needed. So, if you have sufficient capital right now, invest on it.

[ElectronicBot]

I once engaged in mining and I think it was not worth it. There are so many problems with technology. Now I'm trying to earn something in the bounty.

[coin_maker]

Nowadays the crypto currency market is not stable but from my perspective i think the situation will change in recent times. When you will get the mining of altcoin it will help you.

[Kate Beckett]

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

It all depends on the type of equipment and initial investment. For example, such crypto-currencies as Ethereum, Monero, Zkash can be mined on video cards. This is much more profitable than mining of Bitcoin in today's conditions. In general, I can say that with the current trend of price growth, if you are comfortable with the payback of equipment during the year, mining can be called a profitable business.

[Thefrolly]

What do you mean by in the next year. Do you mean that you are planning to mine altcoins next year? Cause if that is the case than let me clear it to you that you are already too late to the party and waiting till next year is going to be of no use as mining would most likely be replaced with something much better like POS or DAG tech.

[sakuragi21]

I think if mining is more interesting if your mining is ethical because it's eth enough to hold it over many years because eth is too high but eth we just wait to wait and hold it waiting for the eth rising bitcoin is the height of eth so eth's better mining

[ajaymukund]

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

It really does not take time and profit is very much only when you get a cheap electricity. If you can find a source that costs from 0.08 to 0.1, that would be a very good condition for you to make a lot of money from altcoin mining.
I encourage you to exploit bitcoin because its current price is quite high. You will get back fast if you have excellent diggers.

[UIXID]

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 better to mine the Ethereum or separate coins with your own blockchain technologies. Altcoins as far as I know can not be mined. Recently, mining does not bring a very large income. As evidenced by the drop in prices for video cards.

[thorvald]

Yes if you have good energy prices then mining altcoins is a great idea. But try to pick one that has actual value and not one that is just promising high returns. I like to mine Monero.

[CHENIEN]

Mining altcoins is also a good choice, however you need to focus which altcoins are good for mining industry, because mining is so expensive material that needs a high value of profits returns, and in order to earn more income on mining altcoins, just select the good altcoins that performs good market price value.