Have more coins in your portfolio in a short term

[Fluxtorrence9]

this is for new people that wants to become a miner ,if you are from a country where electricity is an issue I'd say this is for you ,this is about having more coins at your disposals in a short period of time ,all you need to do is follow my leads ,last year when electroneum coin was launched i quickly jump in and starting to mine and I mined it for two days with 2000H/s and I got 23000 etn already ,the question is how? well always mine coins that are still days old because the difficulty rate will be so low that you would have acquire a lot of it already before the difficulty rate skyrockets, more coins more profit ,this is good for the ones with old GPUs too ,I did the same with other coins like Niobio Cash ,Festival coin and Havven ,mining coins at earlier stage is more profitable ,if you want to choose goodcoin to mine because you don't want to waste your hashrate and time then drop me a message.

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[jseverson]

That's pretty sound advice, especially because it can make old-ish GPUs relevant. How do you choose which coins to mine though? I'm sure you've wasted time mining some coins that didn't take off as well, with so many useless coins popping up. You should probably share your experiences with those too.

[boyptc]

I'm not sure if this should be here or in Mining altcoins but your advice is good. How long are you going to mine the coin you choose? do you set a timeframe or when the difficulty for that coin increases, you'll look for another one?

It's not easy to choose an altcoin that you will mine, so you just choose the new ones and spend a day or two with it?

[Fluxtorrence9]

Its your calls to do your research before you start mining , yeah I did mine shitcoins  before i started getting advanced in cryptocurrency in general , Loki ,haven ,festival ,etn these are no shitcoins guys and infact I've make profit mining them on launched already ,haha

[leowonderful]

For analyzing what coins might take off in the future, try looking at the roadmaps for coins and what may happen in the future with certain coins- that helped me out a lot when I was mining multiple coins, and it really didn't take me more than a few minutes to read through news and information about a particular coin. For the timeframe of how long you're going to mine, that's all up to you and how much you want to diversify. You could try mining one coin a day, or sticking to one for two days and switching to another after that. It's really up to you in the end to experiment and see what's the best.

[grendel25]

It is interesting to consider the various strategies for mining efficiently.  Of course, a default response from so many reading these boards is, "how much is your electricity?"  And they have the best intentions despite how irrelevant their comment may be to the miner who is simply aiming to gain worthwhile assets when they cannot be purchased on an exchange. 

Another point that's interesting is hash power as a finite resource.  It isn't like there is an infinite supply of hash power and look at what happens to various older coins when new coins and new algorithms come out.  There is a waxing and waning of popularity to one coin or another depending on all sorts of things. 

So what is typical?  People read the various websites listing coin values and profitability and from there decide to mine what's profitable.  I still do that too as it steers me towards reading about what may already be proven as a safe bet.  But another thing I do is to read in the announcement pages here and other new coin announcement outlets to see what may be coming.

We are pretty much inundated with information and it's up to all of us to chat about what we see and why it looks good for POW mining.

[Ranly123]

this is for new people that wants to become a miner ,if you are from a country where electricity is an issue I'd say this is for you ,this is about having more coins at your disposals in a short period of time ,all you need to do is follow my leads ,last year when electroneum coin was launched i quickly jump in and starting to mine and I mined it for two days with 2000H/s and I got 23000 etn already ,the question is how? well always mine coins that are still days old because the difficulty rate will be so low that you would have acquire a lot of it already before the difficulty rate skyrockets, more coins more profit ,this is good for the ones with old GPUs too ,I did the same with other coins like Niobio Cash ,Festival coin and Havven ,mining coins at earlier stage is more profitable ,if you want to choose goodcoin to mine because you don't want to waste your hashrate and time then drop me a message.

Your advice sounds good and interesting. Now, I have an idea on how to mine tokens with a high percentage of profit. If we are going to mine on a newly launched tokens, then how can we assure that it will be successful in the process?

[Fluxtorrence9]

I won't call it a leap of faith, i did mined bbscoin which is still useless at the moment but when I saw Haven at launch I know its a promising one ,all I did was read through the roadmap ,same thing Loki and etn too ,its just a great experience all over

[green547]

That is great advice but most miners are too lazy to search out new coins.  Most of them just mine the established coins or point their hashing power to nicehash..  Mining new coins can be extremely risky but the potential rewards will be very high.

[leonix007]

Early birds catches the worm

However you have to choose a decent worms as some of them might not as juicy as you think

More often on the early stage a mere challenging buggy coin wallets is a headache

However I agree on the benefits as it would pay a great profits

[colomine]

mining coins at earlier stage is more profitable ,if you want to choose goodcoin to mine because you don't want to waste your hashrate and time then drop me a message.

@Fluxtorrence9,
Hi.
That sounds very interesting and promising strategy for people who have nerves to wait.
 Id like to learn more about it. Do you have a website, vlog  or something?
I can't send you messages, it says your acct is set to block newbie's messages.
thanks

[BlockTreeClub]

yupp that's what i do but not on a regular basis.
you can really mine a lot of coins while that difficulty is extremely low.
worth doing but needs effort to source for new coins either daily or weekly.

[damba_]

I used similar strategy just before I stopped mining.
I mined several different coins with low difficulty and I am not planning to sell them for 1-2 years, depending on the market.
I hope one on these coins will have some value in few years.

[John46285]

I used similar strategy just before I stopped mining.
I mined several different coins with low difficulty and I am not planning to sell them for 1-2 years, depending on the market.
I hope one on these coins will have some value in few years.

You have some promising coins in your portfolio then you don’t need to worry about their future. Cause price will increase and you will get profits for your hard work.   

[ethereumhunter]

That will good for people who are lived on the country with the small electricity fee because they can use it for mining so many coins. But before they can do that, they need to have good hardware because, with good hardware, you will get a big reward like you.

Yes, mining in the earlier will be more profitable because there are not too many people who were mining that coins but still, we need to think about the electricity fee that could cost too higher for us. So maybe we can calculate first how much it cost so we can decide to mine or not.

[lunobird]

I used similar strategy just before I stopped mining.
I mined several different coins with low difficulty and I am not planning to sell them for 1-2 years, depending on the market.
I hope one on these coins will have some value in few years.

You have some promising coins in your portfolio then you don’t need to worry about their future. Cause price will increase and you will get profits for your hard work.    

Totally agree. I stopped mining shitcons as 95 percent of them just wasted my electric. and yes you might get lucky but it's rare .

Only new coins I mine right now is grin and beam but they are well respected.

I only mine decent coins with medium difficulty. Zcoin, aion, etc, beam and grin and bitcoin gold

Once I'm done accumuling a decent bag I will just do eth or auto convert to btc.

I found mining medium difficulty coins or hard difficulty coins overall more profitable than mining shitcoins In the long run.

Sorry no more buying lottery tickets. I treat my mining as a business. If my hardware is obsolete I may mine shitcoins for fun but never my core business model

[libert19]

Earlier the better, but you got to be cautious that you are not mining scam coins. Profitability is high but also project being scam is also high.

[CLywaTeLb]

I used similar strategy just before I stopped mining.
I mined several different coins with low difficulty and I am not planning to sell them for 1-2 years, depending on the market.
I hope one on these coins will have some value in few years.

You have some promising coins in your portfolio then you don’t need to worry about their future. Cause price will increase and you will get profits for your hard work.    

Totally agree. I stopped mining shitcons as 95 percent of them just wasted my electric. and yes you might get lucky but it's rare .

Only new coins I mine right now is grin and beam but they are well respected.

I only mine decent coins with medium difficulty. Zcoin, aion, etc, beam and grin and bitcoin gold

Once I'm done accumuling a decent bag I will just do eth or auto convert to btc.

I found mining medium difficulty coins or hard difficulty coins overall more profitable than mining shitcoins In the long run.

Sorry no more buying lottery tickets. I treat my mining as a business. If my hardware is obsolete I may mine shitcoins for fun but never my core business model

It depends on your style and temperament. If you want to risk for more potential, then you can mine crap. Sometimes it turns into candy . Now you have a more conservative stile.
OP gives the right advice for beginners who do not have the new equipment ability to mine. As in investing, in mining to earn well with small start, you need to take risks.

[CryptoLing]

Earlier the better, but you got to be cautious that you are not mining scam coins. Profitability is high but also project being scam is also high.

Couldn't agree more, finding new coin to mine can be very profitable. Look Grin for instance, anyone who mined it before the coin was online in exchange can sold it for like $200 for just one coin. But many coins nowadays turned out scam, need to be more cautious.

[Alucard2425]

I think this is a great advice i mined etn also before the difficulty rised and make a good profit from it, better to target coins that has low difficulty but has great potential in market