Have more coins in your portfolio in a short term

[Lucasgabd]

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.

totally, it's a mix of game theory, good analysis and a bit of luck.
there's no sure way to say a project will succeed but after analysing tons of projects you get a feeling.

it can be quite profitable when you hit a homerun.

[1715018652]

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[Coffeehot]

i have the same problem when I am a newbie. i always look for newly born coins. it gives me a good income, even if I still use GPU mining. such as: veil . Veil is integrating best-in-class anonymity technologies to become the first cryptocurrency that provides uncompromising, always-on privacy

[iv4n]

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.

totally, it's a mix of game theory, good analysis and a bit of luck.
there's no sure way to say a project will succeed but after analysing tons of projects you get a feeling.

it can be quite profitable when you hit a homerun.

Well this home run you talk about is something that can last for years. You invest some money, or some of your time, and than you just wait for years, it can be success or failure, but that we will know only after couple years. It`s a game, it`s gambling, you need to choose your investment and you need to pick the right one among so many of them, it`s impossible to invest in all of them.
I wonder what OP is mining now, is there any interesting project that he would like to recommend.

[79b79aa8d5047da6d3XX]

In as much as i love your advice i think its important that you take out time to highlight the various steps and procedures invloved in the minning process so that newbies that would love to mine crypto tokens can have a clue of how it works before venturing into it

[panjay]

~snip
there's no sure way to say a project will succeed but after analysing tons of projects you get a feeling.

Yeah I feel that too on bounty hunting on making an article, I got a gist like you said, which one will make a good profit etc.

Not a miner obviously, but I tried mining in the past. Rent some hash and mining some hype stuff on twitter, it ended not so bad actually, but not looking good either, I mean I barely breakeven.

[Romeoetin]

OP, if you don't mind, I'd like to ask some questions.

1. What is the cheapest hardware gear setup (doesn't consume a lot of power) for those that want to venture into mining for the first time.

2. How do you make your research for good coins to mine that won't seem as a wasted effort at the end of your mining activity?

[Chicky213]

I really appreciate your advice. It is so straightforward and full of enlightenment. I got a little knowledge on how how to make mining more profitable and not too expensive.

[MinerHub]

Well, that does sound pretty reasonable to mine new coins and earn more. But still, the question is how we identify if this is a coin with potentials?

[wheelz1200]

It's all risk reward.  Everyone's threshold is different.  It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining.  It's not as easy as just mining new coins.

[Dennicex]

It's all risk reward.  Everyone's threshold is different.  It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining.  It's not as easy as just mining new coins.

I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.

[wheelz1200]

It's all risk reward.  Everyone's threshold is different.  It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining.  It's not as easy as just mining new coins.

I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.

Without putting your portfolio in some of the stronger established coins this will most of the time be the case.  Again its risk reward, if they plan out it could end up really profitable but 99/100 you will just lose your money or even if you dont lose money will have an opportunity cost loss in that you would have made more by keeping your money in btc.  Risk what you can lose holds true

[profitgenerator212]

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.

I once tried my hands on electroneum and havven. I got in late when difficulty was high and got little of those coins. I need help on a privacy coin called Veil, it is not yet six months old but with lots of potentials. What do you advise

[Pagri]

It's all risk reward.  Everyone's threshold is different.  It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining.  It's not as easy as just mining new coins.

I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.

Without putting your portfolio in some of the stronger established coins this will most of the time be the case.  Again its risk reward, if they plan out it could end up really profitable but 99/100 you will just lose your money or even if you dont lose money will have an opportunity cost loss in that you would have made more by keeping your money in btc.  Risk what you can lose holds true

In fact, as time passes it will be increasingly difficult to make significant amounts of money through cryptocurrencies: mining does not seem to be so profitable lately and only large investors seem to dominate the scene; trading means dealing with the unpredictability of the market and an increasingly reduced volatility, and holding cryptos is nothing more than a risky bet. Even so, I prefer to try at least partially with trading and holding btc.

[wheelz1200]

It's all risk reward.  Everyone's threshold is different.  It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining.  It's not as easy as just mining new coins.

I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.

Without putting your portfolio in some of the stronger established coins this will most of the time be the case.  Again its risk reward, if they plan out it could end up really profitable but 99/100 you will just lose your money or even if you dont lose money will have an opportunity cost loss in that you would have made more by keeping your money in btc.  Risk what you can lose holds true

In fact, as time passes it will be increasingly difficult to make significant amounts of money through cryptocurrencies: mining does not seem to be so profitable lately and only large investors seem to dominate the scene; trading means dealing with the unpredictability of the market and an increasingly reduced volatility, and holding cryptos is nothing more than a risky bet. Even so, I prefer to try at least partially with trading and holding btc.

I'm not by any means saying that it cant be profitable, I'm just saying there is more to it than just mining all new coins.  As with anything it's a multi prong attack between mining right, trading right and holding right.  It's a fine balance and more so with unpredictable new coins.

[Rtalk]

There should be a certain balance of the portfolio consisting of bitcoin,stable coins and new promising coins with high potential .
We must build on the realities of today , and not just hope for mining or buying new coins that have not yet shown themselves on the market.
The time for easy money is over.Now, to earn in the cryptocurrency market-you need to think like never before.)

[jonas5222000]

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.

That was a good advice for us for beginer in mining,now i am going to follow you honestly i am a miner of electroneum but not like you get in your miner so i want to learn more about it.

[dentolas]

First of all congrats for your post, people usually just go around and say that mining is not profitable anymore, or that the only option are ASICs... some of them trully believe in this, others are just being selfish trying to keep difficulty low...
It is a fact that one of the tricks for a successfull mining operationg involves a lot of work and to be on top of things constantly... and as a consequence you find worthwhile projects that are just newborns with almost zero difficulty

[Lucasgabd]

<...>

totally, it's a mix of game theory, good analysis and a bit of luck.
there's no sure way to say a project will succeed but after analysing tons of projects you get a feeling.

it can be quite profitable when you hit a homerun.

Well this home run you talk about is something that can last for years. You invest some money, or some of your time, and than you just wait for years, it can be success or failure, but that we will know only after couple years. It`s a game, it`s gambling, you need to choose your investment and you need to pick the right one among so many of them, it`s impossible to invest in all of them.
I wonder what OP is mining now, is there any interesting project that he would like to recommend.

it really depends.

Last year Ravencoin (RVN) went up more than 200% in a couple of days
GIN made a x10 in a couple of months.

not necessarily years.

<...>

Yeah I feel that too on bounty hunting on making an article, I got a gist like you said, which one will make a good profit etc.

Not a miner obviously, but I tried mining in the past. Rent some hash and mining some hype stuff on twitter, it ended not so bad actually, but not looking good either, I mean I barely breakeven.

definitely possible.
and sometimes it's a shot onthe dark as well.

[Hamphser]

It's all risk reward.  Everyone's threshold is different.  It is true it's better to catch a coin early in release but knowing when to hold/sell is critical in this kind of mining.  It's not as easy as just mining new coins.

I have always adhered to the tactic of investing in young crypto startups and storing coins for several years without movement. But unfortunately most of my investments have turned to 0 in recent years.

Without putting your portfolio in some of the stronger established coins this will most of the time be the case.  Again its risk reward, if they plan out it could end up really profitable but 99/100 you will just lose your money or even if you dont lose money will have an opportunity cost loss in that you would have made more by keeping your money in btc.  Risk what you can lose holds true

In fact, as time passes it will be increasingly difficult to make significant amounts of money through cryptocurrencies: mining does not seem to be so profitable lately and only large investors seem to dominate the scene; trading means dealing with the unpredictability of the market and an increasingly reduced volatility, and holding cryptos is nothing more than a risky bet. Even so, I prefer to try at least partially with trading and holding btc.

I'm not by any means saying that it cant be profitable, I'm just saying there is more to it than just mining all new coins.  As with anything it's a multi prong attack between mining right, trading right and holding right.  It's a fine balance and more so with unpredictable new coins.

Risking up in all possible angles will really give the possibility of profitability.We do have our own views and beliefs when it comes to thinks but if we do try to see it deep through
We can really say that profiting is possible it would really just depend on how you do deal with it. Diversifying is always been recommended when it comes to investment
but this wont be an assurance thing that you would able to take advantage anytime.

[libert19]

Well, that does sound pretty reasonable to mine new coins and earn more. But still, the question is how we identify if this is a coin with potentials?

Is project bringing something new to the table, how are community mangers/admins — do they care for what community asks and answers them with honesty or ignores it.