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Author Topic: How i can strat mining?  (Read 225 times)
Bushrat Jahan
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August 20, 2018, 07:41:31 AM
 #1

I want to strat mining but i don't know how i will strat and which coins are mineable? How i can find out mineable coins and which are more profitable to mine? Please tell me what should i do now.   
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Nestade
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August 20, 2018, 08:08:15 AM
 #2

Hi,

Stratis is not a mineable coin.
Usually there is a tag saying "Mineable" on CoinMarketCap if a coin is mineable.



For comparison:
Stratis (not mineable): https://coinmarketcap.com/currencies/stratis/
Bitcoin (mineable): https://coinmarketcap.com/currencies/bitcoin/
leonix007
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August 20, 2018, 09:31:28 AM
 #3

Hi,

Stratis is not a mineable coin.
Usually there is a tag saying "Mineable" on CoinMarketCap if a coin is mineable.



For comparison:
Stratis (not mineable): https://coinmarketcap.com/currencies/stratis/
Bitcoin (mineable): https://coinmarketcap.com/currencies/bitcoin/

I think the OP had typo error 'Start'  Cheesy

@OP

DYOR please, mining needs a technical knowledge, lot of troubleshootings and a lot of bucks Cheesy

and Sad to say, its not that profitable today depends on your power cost





butka
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August 20, 2018, 10:45:22 AM
 #4

How i can find out mineable coins and which are more profitable to mine? Please tell me what should i do now.   
OP, you didn't tell us what kind of hardware you currently possess. One usually chooses the coins depending on the hardware one has. Or should we understand that you don't have any mining equipment at all and are looking to buy?

In general, as leonix007 already pointed out, mining is not that profitable today. Not nearly as profitable as it used to be. If you don't have any hardware and you are looking to buy, it might be a wiser move to use that money to buy crypto directly, rather than engaging in any mining activity in the first place. 
xxcsu
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August 20, 2018, 12:51:35 PM
Last edit: August 20, 2018, 03:45:15 PM by xxcsu
Merited by mirny (1)
 #5

Please tell me what should i do now.  

educate yourself, research coins, learn about how risky is to invest into mining ....

There is some basic thought for you Wink
you can read the full topic HERE

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME? WHAT IS THE BEST COIN TO MINE ? WHAT IS THE MOST PROFITABLE COIN TO MINE"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money and time !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
No one can tell you what is the best coin to mine !
No one can tell you what is the most profitable coin to mine! Coins profitability always changing, what is best to mine today, maybe going to be the worst to mine tomorrow !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later,  tomorrow, next week,  months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not  Grin
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...

! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !


Learn about Merit & new rank requirements , Learn how to use MERIT , make this community better
If you like the answer you got for your question from any member ,
If you find any post useful , informative use the +Merit button.
Iannn
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August 20, 2018, 04:54:50 PM
 #6

https://whattomine.com/  is a good place to start.  Type in your stuff and see what comes up.  But learning to mine is a good time.  I enjoy it. 
smoolae
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August 20, 2018, 05:03:37 PM
 #7

It's kinda not worth it to join the mining game anymore today. If you have a really cheap electricity or get it completely free then you might indeed consider mining to get some "free" money Grin.

If you still wanna start mining then look up some nice cheap deals on GPUs and other equipment needed and use some kind of online crypto calculator to see a reference that how long you have to mine to "ROI" with the current market conditions. Also, play through the calculation with a much lower price coin/token price and see, if mining is still a thing you want to do.


Luu An
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August 20, 2018, 05:06:02 PM
 #8

Hi all miner, with current low price of main coin as BTC, ETH and mine-able coin , does electricity cost higher than coin value you got ? and do you still keep your miner machine ?
smoolae
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August 20, 2018, 05:12:52 PM
 #9

Hi all miner, with current low price of main coin as BTC, ETH and mine-able coin , does electricity cost higher than coin value you got ? and do you still keep your miner machine ?

Example: For mining ETH with 5x RX 480 rig that consumes ca 800w of power and puts out 157Mhs the power cost has to be equal to/or below 0.15usd/Kwh. If the electricity is 0.15usd/Kwh your daily profit is around 0.1USD, with electricity being free you could get around 80USD a month (with the current price of ETH 20.08.2018).


togoshigekata
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September 08, 2018, 09:28:45 PM
 #10

I would recommend starting with CPU mining, find a good CPU mineable coin, download wallet and start mining!

Best CPU Mineable Coins in 2018 and CPU Mining Guides
https://bitcointalk.org/index.php?topic=2683343.0

Then once you get comfortable, you can decide if you want to invest in GPU or ASIC mining

socks435
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September 08, 2018, 10:11:46 PM
 #11

There are many guides here on the forum that I think can help you to build mining rigs or which ASIC is profitable.
Check this site https://asicminervalue.com you can see the list of profitable ASIC Miner.

And check this guide https://bitcointalk.org/index.php?topic=2581411.0 and this https://bitcointalk.org/index.php?topic=2669333.0

And here are some website where you can see the list of profitable coins these days http://whattomine.com and here https://coincalculators.io

Block halving is coming.,,
jillscarbrough
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September 10, 2018, 08:05:36 AM
 #12

Hi all miner, with current low price of main coin as BTC, ETH and mine-able coin , does electricity cost higher than coin value you got ?
Correction not coin value but an electricity cost higher than earning from mining result. But if talking about an electricity cost it depends on where do you live because every country has different at an electricity cost.

and do you still keep your miner machine ?
yeah, I don't think to sell it.

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September 10, 2018, 08:24:02 AM
 #13

For starters, it depends on your resources. If you have large capacity (farm) you can look at the calculator.Here are the links.
For popular coins.
https://whattomine.com/
Less popular coins.
https://www.crypto-coinz.net/crypto-calculator/
At the moment, market prices have fallen.If you mine and collect coins then its growth will increase and profit.
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