Have more coins in your portfolio in a short term

[panjay]

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.

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

Yea in the end the only handful of coins goes to the moon I guess. Do you hit some of that home run by yourself?

I think one of the important aspects was networking perhaps? I mean good friend can inform you of some a good coin to mine, it's better to have more eyes and more ears in this fast-dynamic environment. 

[Denongels]

to mine the new coin, in my opinion, is very risky because I used to do it before, but it's just that I didn't do the research first, the coin I mine is bitcoin nano and it turns out that the coin only becomes garbage even the price is far from the estimation that I expect now officially entered the category and scam, and since then I did not dare to mine new coins

[Keadyar]

to mine the new coin, in my opinion, is very risky because I used to do it before, but it's just that I didn't do the research first, the coin I mine is bitcoin nano and it turns out that the coin only becomes garbage even the price is far from the estimation that I expect now officially entered the category and scam, and since then I did not dare to mine new coins

On the other hand, to extract already known coins is not very profitable. On the new coins are more likely to earn. I prefer to mine new coins.

[asriloni]

to mine the new coin, in my opinion, is very risky because I used to do it before, but it's just that I didn't do the research first, the coin I mine is bitcoin nano and it turns out that the coin only becomes garbage even the price is far from the estimation that I expect now officially entered the category and scam, and since then I did not dare to mine new coins

On the other hand, to extract already known coins is not very profitable. On the new coins are more likely to earn. I prefer to mine new coins.

But the fact some new coins are even no profitable to mine. Look at the market there was a lot of new crap coins that give nothing for us as the result after we have been doing a lot of efforts to mine it.
I just try to mine any coin which was having enough liquidity and brings me a good amount of pennies. that's better rather than better on something that looks vague.

[ikicha]

to mine the new coin, in my opinion, is very risky because I used to do it before, but it's just that I didn't do the research first, the coin I mine is bitcoin nano and it turns out that the coin only becomes garbage even the price is far from the estimation that I expect now officially entered the category and scam, and since then I did not dare to mine new coins

On the other hand, to extract already known coins is not very profitable. On the new coins are more likely to earn. I prefer to mine new coins.

But the fact some new coins are even no profitable to mine. Look at the market there was a lot of new crap coins that give nothing for us as the result after we have been doing a lot of efforts to mine it.
I just try to mine any coin which was having enough liquidity and brings me a good amount of pennies. that's better rather than better on something that looks vague.

PoW is in a very difficult condition, we must beat ICO/IEO with using ERC20 Tokens only. the main problem at PoW coin is Dev not have much money to development coin and to listing at bigger exchange, and community not help.
there are only a few coin pow that can listing at large exchanges, RVN XMR BEAM GRIN

[superstarbtc]

to mine the new coin, in my opinion, is very risky because I used to do it before, but it's just that I didn't do the research first, the coin I mine is bitcoin nano and it turns out that the coin only becomes garbage even the price is far from the estimation that I expect now officially entered the category and scam, and since then I did not dare to mine new coins

On the other hand, to extract already known coins is not very profitable. On the new coins are more likely to earn. I prefer to mine new coins.

Yes, i have seen many coins failed to reach their desired target because they will not follow the roadmap and this makes people lose their money. That's why it is always very bad to mine the coins because they seem to be very huge potential in the beginning but when we start mining we won't even make money for electricity bill payment.

[necromastery]

PoW is in a very difficult condition, we must beat ICO/IEO with using ERC20 Tokens only. the main problem at PoW coin is Dev not have much money to development coin and to listing at bigger exchange, and community not help.
there are only a few coin pow that can listing at large exchanges, RVN XMR BEAM GRIN

This explains why many PoW coins fail or end scams, because now it's so difficult to listed in an exchange especially to expect help from the community. But the specialty is that some PoW dev dares to start from scratch without any funds to develop their coins.

[Pamadar]

PoW is in a very difficult condition, we must beat ICO/IEO with using ERC20 Tokens only. the main problem at PoW coin is Dev not have much money to development coin and to listing at bigger exchange, and community not help.
there are only a few coin pow that can listing at large exchanges, RVN XMR BEAM GRIN

This explains why many PoW coins fail or end scams, because now it's so difficult to listed in an exchange especially to expect help from the community. But the specialty is that some PoW dev dares to start from scratch without any funds to develop their coins.

Taking the risk without involving anyone who will call them  scammers, they choose to start the project from scratch and try harder to win investors trust, it's better than promise things that can't be achieved if there's no community support to backed up the project, it's always about how you trust the project and how it can be usable in the long run.

[pieppiep]

PoW is in a very difficult condition, we must beat ICO/IEO with using ERC20 Tokens only. the main problem at PoW coin is Dev not have much money to development coin and to listing at bigger exchange, and community not help.
there are only a few coin pow that can listing at large exchanges, RVN XMR BEAM GRIN

This explains why many PoW coins fail or end scams, because now it's so difficult to listed in an exchange especially to expect help from the community. But the specialty is that some PoW dev dares to start from scratch without any funds to develop their coins.

Taking the risk without involving anyone who will call them  scammers, they choose to start the project from scratch and try harder to win investors trust, it's better than promise things that can't be achieved if there's no community support to backed up the project, it's always about how you trust the project and how it can be usable in the long run.

I think the risks you can encounter anywhere and everything you do will definitely have risks that will haunt you, but you must be able to deal with that risk, if you are still sure you can benefit from what you choose then do it, but if not then leave it.

[Lizzylove1]

Thanks for the advise, sometimes knowing the coin that will eventually do well in the long run before the difficulty level increases can be another big task to determine. I have electricity problem in my country, but there are some areas that have constant power supply, when I make some money from trading, am thinking of setting up a mining farm with a friend so we make it a long term stay.

[Lucasgabd]

<...>

<...>

<...>
 Do you hit some of that home run by yourself?
<...>

Ask me again in 5 years and VEIL will be a homerun

this is a 30 million market cap minimum.

[mak013]

PoW is in a very difficult condition, we must beat ICO/IEO with using ERC20 Tokens only. the main problem at PoW coin is Dev not have much money to development coin and to listing at bigger exchange, and community not help.
there are only a few coin pow that can listing at large exchanges, RVN XMR BEAM GRIN

This explains why many PoW coins fail or end scams, because now it's so difficult to listed in an exchange especially to expect help from the community. But the specialty is that some PoW dev dares to start from scratch without any funds to develop their coins.

You describe scam. Such kind of coins are creating for several hours without any idea. They have just one goal - get money to the devs. Its doesnt matter in what a way - move to any noname exchange or sell masternodes, premine in discord. But in such kind of scam you are losing just mined coins, not the money.

[Google+]

PoW is in a very difficult condition, we must beat ICO/IEO with using ERC20 Tokens only. the main problem at PoW coin is Dev not have much money to development coin and to listing at bigger exchange, and community not help.
there are only a few coin pow that can listing at large exchanges, RVN XMR BEAM GRIN

This explains why many PoW coins fail or end scams, because now it's so difficult to listed in an exchange especially to expect help from the community. But the specialty is that some PoW dev dares to start from scratch without any funds to develop their coins.

You describe scam. Such kind of coins are creating for several hours without any idea. They have just one goal - get money to the devs. Its doesnt matter in what a way - move to any noname exchange or sell masternodes, premine in discord. But in such kind of scam you are losing just mined coins, not the money.

lots of junk coin like that, they created coins as it was used to make investors easy to be fooled, I suggest you can be careful when buying coins not to buy the wrong coin

[Anonylz]

All good valued coin with great potentials already have great difficulties in mining, the reward in this aspect is very minimal, mining valueless coin on the other hand is way cheaper i.e less difficult but it could end up been a waste of time and resources if that project couldn't get listed, with so much difficulties in mining now, pos and nodes will become a better option for many.

[fitty]

Finding your self a coin that will generate you profit  even if its a long term or short term disposap is experimental,you cant just think to mine a coin and hope to dispose it soon to cover exepenses as a miner you should have a backup budget for everything

[mak013]

All good valued coin with great potentials already have great difficulties in mining, the reward in this aspect is very minimal, mining valueless coin on the other hand is way cheaper i.e less difficult but it could end up been a waste of time and resources if that project couldn't get listed, with so much difficulties in mining now, pos and nodes will become a better option for many.

This is not only so. The good valued coins are coins that already have been listed to some exchange. That time mining is really difficult. But untill they havent been listed - they can be mined easily.

[Cellerex]

This is not only so. The good valued coins are coins that already have been listed to some exchange. That time mining is really difficult. But untill they havent been listed - they can be mined easily.

You are absolutely right. The biggest profit can be obtained from mining young and unknown coins. Of course, this is very risky, but still, in case of luck, the profit will be huge!

[Romeoetin]

Thanks for sharing. This is really insightful. My question now is, how can you decide what coin to mine with the recent surge of coins coming out each day. What do you look out for? Also can you recommend the minimum mining set up cost for someone going into mining for the first time?

[mak013]

Thanks for sharing. This is really insightful. My question now is, how can you decide what coin to mine with the recent surge of coins coming out each day. What do you look out for? Also can you recommend the minimum mining set up cost for someone going into mining for the first time?

Everyone decides by himself. For someone $1000 is maximum that are ready to spend, it will be one set, for another - $5000 - it will be another set. Power, placement, ventilation - for each one these conditions are different. If you bought equipment and dont know what to mine - nicehash or ETH and read and search.

[CryptoLing]

Yeah I agree, look Grin as another example. Some miners manage to sell it for $200 a coin and I'm sure it give them a huge ROI from their mining investment and if you hold your mined coin the ROI is decreasing everyday so yeah mine coin only for short term is nice.