cryptopwn (OP)
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January 08, 2014, 03:43:43 PM |
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Just getting into mining and currently I'm on wemineltc because I think it's a safe bet, any recommendations on what alts to pay attention to?
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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rafholly
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January 08, 2014, 04:11:31 PM |
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couiny west
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lensgrabber
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January 08, 2014, 04:17:08 PM |
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In addition to the OP question... I'm new to all of this and ordered a Antminer. Are there any other coins besides Bitcoin that can be used with the Antminer that would be worth mining or am I only going to be able to mine btc? a little background I'm currently only doing ltc but am only able to get 100Kh/s at maximum (mac). Since this is taking up most of my machine power when not in use I won't have the resources to run a virtual machine so I'm hoping to get a Pi and use the Antminer with it. That way it's always running and I still have resources elsewhere for ltc mining. I'm in this for a hobby and not to get rich. That train has already departed.  |
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mhall
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January 08, 2014, 04:27:28 PM |
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In addition to the OP question... I'm new to all of this and ordered a Antminer. Are there any other coins besides Bitcoin that can be used with the Antminer that would be worth mining or am I only going to be able to mine btc? I'm guessing you can also mine those SHA-256 coins ... Please correct me if I'm wrong! |
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quantumf
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January 08, 2014, 04:31:10 PM |
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Lensgrabber, Antminers are tuned to do SHA-256 calculations, which is the Bitcoin algorithm. A few other coins to this as well, but not Litecoin or most of the new coins. Are you saying you can get the Antminer to do 100kh/s on LiteCoin? That's pretty good, altho it depends on which one you're talking about. Are you talking about the basic USB one which retails for around $70? Or the upper end ones which go for around $8,000?
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quarkyplum
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January 08, 2014, 04:47:26 PM |
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what about doge?
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cryptopwn (OP)
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January 08, 2014, 04:57:13 PM |
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couiny west
I heard I'm late to the party  |
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a3tje
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January 08, 2014, 04:59:45 PM |
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Can you give us some more information, what kind of mining hardware do you have? Are you focussing on GPU or CPU mining or building a grid?
Besides mining "proven" coins, you can also try to mine an unknown coin, for example "Noble coin" which is still pretty easy to mine.
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bsmack
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January 08, 2014, 05:06:26 PM |
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If you're new, try mining on one of the profit switching pools. I use middlecoin as a failover, you won't make the most on it but it seems to be the most stable.
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Frazzle
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January 08, 2014, 05:18:15 PM |
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If you have invested in an expensive mining rig, I would suggest to mine bitcoin until your ROI equals your breakeven period. After that, other cryptocurrencies like peercoin are very interesting to keep an eye on and might be worth the switch.
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paperboy11
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January 08, 2014, 05:18:32 PM |
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if i was you id mine doge
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cryptopwn (OP)
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January 08, 2014, 05:22:52 PM |
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Can you give us some more information, what kind of mining hardware do you have? Are you focussing on GPU or CPU mining or building a grid?
Besides mining "proven" coins, you can also try to mine an unknown coin, for example "Noble coin" which is still pretty easy to mine.
I have 9 GPUs (8 270x and a 7950) that give out 4.2MHz total, currently mining LTC, and sometimes switching to RPC but I think difficulty is too high to be more profitable than LTC |
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fragamemnon
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January 08, 2014, 05:27:17 PM |
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Doge lost value, sadly.
The new overly hyped copypasta coins are the real place for short-term profit...which is probably a good thing.
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iLiekPai
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January 08, 2014, 05:27:52 PM |
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I'm trying the new pump'n'dump - coinye  |
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fonzie
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January 08, 2014, 05:28:57 PM |
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Dogecoin, what else?
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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ScoobyDood
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January 08, 2014, 05:32:52 PM |
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just keep an eye here...Bitcoin Forum > Other > Alternate cryptocurrencies > Announcements (Altcoins)
and wait for something good to pop up.
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poop
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mammuthus
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January 08, 2014, 05:37:38 PM |
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NXT ofc
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paperboy11
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January 08, 2014, 05:39:31 PM |
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doge for life
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mmininginc
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January 08, 2014, 05:47:19 PM |
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Until today I checked http://www.coinwarz.com daily, and picked a top 10 alt coin with a good 14 day average profit ratio. I also traded the mined coins for BTC daily. Today I started to use the http://middlecoin.com auto-switching and auto-trading pool as a test. If the middlecoin website is accurate about my earnings until now, then it's probably less efficient than my first/manual system. |
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jackkiej
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January 08, 2014, 05:52:02 PM |
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Because CoinyeCoin is still very new and has a lot of attention I suggest to mine CoinyeCoin, we'll just have to wait till we can exchange it, but there can be a lot of potential in this coin because of it being in the news already before launch.
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