Have more coins in your portfolio in a short term

[corrado25]

Now is such a time that it is better to invest money not equipment for mining and just buy for this money cryptos. if you already want to retrieve cryptos then look for new coins that just started mining and their miners have little miners. You will be able to mining a lot of coins and there is a probability that this coin will grow strongly

[1715293999]

1715293999

[Nitori_m]

Good advice I think for most projects coming in early can be a game changer. I have some friends who are passive miners and they all swear by what you stated.

[lunobird]

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.

That only lasted for like less than an hour and probably only a few coins we're sold at those levels due to a dumb buyer. 99.9 percent of miners did not get that sell price on day 1

[rdewilde]

This is really a wonderful post, self explanatory and informative. If am to suggest, it is also neccessry to try new or potential projects just entering the market. Getting associated with them when there are less miners means more profits too.

[CryptoKush]

I think such a strategy is risky. I think it is very difficult to guess which coin will become popular. You run the risk of mining a coin that will not be worth anything.

[Leo]

Nice one dude,  but to get to know which profitable coin to mine is the problem not to just waste time in mining will be glad if you can be updating us on which coin to mine

[irixo10]

You really made good points, but the issue has always been a way to identify a good coin to mine so that one don't end up wasting resources. Nevertheless, things might turn up positively as time goes by.

[nightl]

An interesting concept, but the question- how many coins do you have that have grown in value relative to others?
an example - 10 coins can be minted so much, how many of them have merged or, for example, haven't even been traded?
And yet - how many days do you mine one coin?

[Pagri]

This strategy seems very good because it follows an elementary and apparently simple logic, however there will always be uncertainty regarding the viability of the new altcoins that continually emerge in the market, because given the high percentage of failed cryptos during the first year of existence, the chances of having a lot of worthless coins in the long run is very high.

[GospelCrypto2]

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.

This strategy looks like something worth a try but the only problem I have is identifying the altcoin worth my mining power? I mean in a market that's constantly being flooded with different cryptocurrencies I think it's better to stick to mining notable names in the industry which have a working project than jumping from one project to another in the name of quick returns.. Veil happens to be one of such projects that has gotten my attention lately.. Still relatively cheap and easy to mine compared to the bigger names...

[sukey2008]

I agree with your suggestion This is also what im doing now with my old computer....
To join in an earlier phase is the only chance for my poor hardware 

[cepot9]

right, mining at the beginning of the project does have a large potential profit but what if the project fails or the coins we mine are unable to cover costs and even incur losses 

[libert19]

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.

Bit unsolicited advise. No one knows which coins will take off and which won't, what one can do is to try his/her best judgement and hope for the best.

Usually the github progress, community, presentation of coin say a lot about coin but still you can never be too sure. Projects you think worthy could go away in an blink of an eye (you are a high ranked member, so I guess you would know it very well ).

[Dewi Aries]

right, mining at the beginning of the project does have a large potential profit but what if the project fails or the coins we mine are unable to cover costs and even incur losses 

Mining and other thing actually need research before we do it. But in my country sometime people share (actually not much) which coin that can mined and profitable. But it is good to discuss about coin that we want to mine first than get nothing after mine wrong coin.

[whiteblue]

right, mining at the beginning of the project does have a large potential profit but what if the project fails or the coins we mine are unable to cover costs and even incur losses 

Mining and other thing actually need research before we do it. But in my country sometime people share (actually not much) which coin that can mined and profitable. But it is good to discuss about coin that we want to mine first than get nothing after mine wrong coin.

indeed there are many new people who see the advantages of mining but they don't know the good and right way of mining so that today there are so many miners who are out of business because it is no longer profitable, some cases are the cost of repairs and electricity that is greater than income.

[Enzo05]

You've got a point on those you mentioned and somehow it can help new miners by doing that but for me, I'd rather go invest rather than buy high-end GPU for mining then profit from investing is where I will use for mining even not so high-end GPU.

[shiming]

indeed. It is very important to find a good coin. The project has just been released. At that time, computing power was very low. There are not many people mining, and there are not many mine miners. Therefore encryption requires a different perspective. Is it good or bad.

[X-ray]

I agree with your suggestion This is also what im doing now with my old computer....
To join in an earlier phase is the only chance for my poor hardware 

When not so many people know about mine crypto and the difficulty is so easy. I remember someone able to mine more than ten thousands of bitcoin just in short time with pentium 3 computer.

But this time our poor hardware will have exploded if we are using it to mine crypto. Lol The fact those people caught the bottom line gets a huge return right now.

[Dewi Aries]

right, mining at the beginning of the project does have a large potential profit but what if the project fails or the coins we mine are unable to cover costs and even incur losses 

Mining and other thing actually need research before we do it. But in my country sometime people share (actually not much) which coin that can mined and profitable. But it is good to discuss about coin that we want to mine first than get nothing after mine wrong coin.

indeed there are many new people who see the advantages of mining but they don't know the good and right way of mining so that today there are so many miners who are out of business because it is no longer profitable, some cases are the cost of repairs and electricity that is greater than income.

In my country, when electrcity is not free some of my friends jump into mining and buy a lot GPUs. And now they are suffer because diff, electricity that greater than income, GPUs that have cheap price especially if ex mining sometime hard to sell.

[panjay]

In the end the OP doesn't share what makes OP choose to mine something in an earlier stage, just a hint with experience and a great roadmap. Ultimately it lies with experience, trial and error you named it.

it's like collecting an old and exclusive pokemon/DnD card that worth 1000x a few year after their first sale I guess. The problem with cryptocurrency, you don't know for sure which alts that last long enough.