john1010 (OP)
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July 28, 2018, 06:23:12 AM Last edit: August 01, 2018, 01:26:01 AM by john1010 |
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Hey guys, I just writing this post just to inform miners and at the same time learn from you too! I currently mining Dubaicoin since last November 2017 and never turn back my miners to other alts.. But today I choose to shutdown my other miners (Run remaining 30 gpu) because of the low profit and high electricity cost of mining alts even DBIX.. Now here's some infos you need to consider if you want to continue run your GPU miners. here's the comparison of mining other alts vs. DBIX My Hashrate income with Whattomine mining alts: My hashrate income with pool sexy mining DBIX: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs22.postimg.cc%2Fv2v1fwjch%2Fsexy.png&t=665&c=zsrahoPixQ8arQ) source: https://bitcointalk.org/index.php?topic=1811194.0My question is, is there any potential new coins to mine with GPU today with low diff? (not so profitable but has a future if you hodl it until the exchange listing.)
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adaseb
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July 28, 2018, 07:08:33 AM |
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What you are talking about is basically trading. You make more or less the same profit for most coins but you choose very low cap coins because you think they will increase in value in the future.
This is no different than somebody just buying these coins directly and hodling them and hoping they will raise in value sometime in the future.
I know profitability sucks... and there is nothing you can do really to increase it, unless you get more GPUs. But there is just way too much competition and way too many GPUs mining.
ETH might once again reduce its block reward from 3 ETH to 2 ETH and it will only get worse from there.
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john1010 (OP)
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July 28, 2018, 10:43:22 AM |
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What you are talking about is basically trading. You make more or less the same profit for most coins but you choose very low cap coins because you think they will increase in value in the future.
This is no different than somebody just buying these coins directly and hodling them and hoping they will raise in value sometime in the future.
I know profitability sucks... and there is nothing you can do really to increase it, unless you get more GPUs. But there is just way too much competition and way too many GPUs mining.
ETH might once again reduce its block reward from 3 ETH to 2 ETH and it will only get worse from there.
Yeah I know mate, just thought of increasing the value of this coin for a period of time.. This coin was started with a price of $45 last year and I was hoping that in a period of time it will back in shape again. And also.. I made this thread for discussion of gpu mining, what is the potential coin will available to mine with GPU today.. (except eth, xmr and other CMC listed coin)
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mu_enrico
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July 28, 2018, 12:31:03 PM |
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I stop mining altcoin and use a nicehash pool, it just gives more convenience and peace of mind. There are too many coins to mine, and I just want to get a stable profit. Nicehash ftw! *sad
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john1010 (OP)
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July 28, 2018, 11:40:20 PM |
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I stop mining altcoin and use a nicehash pool, it just gives more convenience and peace of mind. There are too many coins to mine, and I just want to get a stable profit. Nicehash ftw! *sad
I'm using nicehash before I mine dbix but seems that the hashrate i got from them is not accurate, and bad part is when the time they say that their system was hacked and lots of miners are totally affected and don't get their minted bitcoin from them, since then I never use nicehash anymore.
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FFI2013
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July 29, 2018, 12:21:56 AM |
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Ya its crazy I've been mining for 4-5 years and always mined even when I paid more in power than I was mining because I believed in crypto now there's a million coins to mine and because of greed, asics miners and now I believe ever more centralized fpga's because of the cost and the dev fee's that will be put on the bitstreams so to even find a coin that you want to mine is a job all in its self, we have cryptonight, cn-heavy, cn-lite, cn-fast now equihash is going to have 10 different variants its getting out of control
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paklungipin
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July 29, 2018, 05:49:21 AM |
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The price movement for now is quite interesting and its difficulty level is not rising rapidly and not yet set to rise quickly. I'm sure there is opportunities here, when compared to other coins in the present condition. So, dubaicoin (DBIX) should be a successful coin.
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john1010 (OP)
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July 30, 2018, 11:56:04 AM |
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The price movement for now is quite interesting and its difficulty level is not rising rapidly and not yet set to rise quickly. I'm sure there is opportunities here, when compared to other coins in the present condition. So, dubaicoin (DBIX) should be a successful coin.
Exactly that's why compare to other alts DBIX is most promising to mine and also to hold.. I hope that the mining profitability soon back to it's shape..
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Lunga Chung
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July 30, 2018, 01:23:13 PM |
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Think you should look at MOAC
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john1010 (OP)
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July 31, 2018, 04:24:56 AM |
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Think you should look at MOAC
They have the ANN available dude? Can you please share their ANN link there for us to inform about the project and also discuss it for everyone's benefits. Thanks
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paklungipin
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August 19, 2018, 12:02:43 PM |
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The price movement for now is quite interesting and its difficulty level is not rising rapidly and not yet set to rise quickly. I'm sure there is opportunities here, when compared to other coins in the present condition. So, dubaicoin (DBIX) should be a successful coin.
Exactly that's why compare to other alts DBIX is most promising to mine and also to hold.. I hope that the mining profitability soon back to it's shape.. yep, mining profit is indeed decreasing overall. It's good if there is an alternative coin that can provide benefits such as This DBIX. Maybe if mining conditions have improved, profit given by DBIX will be multiplied. Hopefully so in the future.
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swogerino
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August 19, 2018, 01:27:51 PM |
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Mine Ethereum or low value coins like you are already doing with DBIX. Sometimes I change my rigs from Ethereum to CryptonightV7 but mining Monero there is a lot of fluctuations, sometimes the reward is higher than mining Ethereum in Nicehash, sometimes the reward is a pity.
You cannot do any other thing except these two with graphic cards. Let's hang on in there and wait for the rewards to go up again.
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Johnjay06
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August 19, 2018, 02:12:05 PM |
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I've been sticking with lux and ethereum. I alternate between the two
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Privatoria
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August 19, 2018, 05:11:41 PM |
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When you mine you have to take into account future trends in prices. There are many profitable coins that have good price only few days so when you mine enough coins to be sold, they worth nothing.
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john1010 (OP)
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August 31, 2018, 02:21:51 AM |
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I currently mining XCASH now, I found that they've offer a good project and I'm also waiting and watching the listing of this coin to some exchanges.. Seems the coin is very promising aside from this the difficulty is very low now, best thing to bag a lot of this coin. The algo is monero7
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jillscarbrough
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August 31, 2018, 07:13:15 AM |
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Is it still profitable after electricity costs? I look at https://coinmarketcap.com/currencies/xcash/, the price is not very encouraging and what GPU series do you use to mine Xcash?
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