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Author Topic: Profitable Cryptocurrencies to Mine  (Read 376 times)
levvv
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March 18, 2019, 04:38:42 AM
 #21


As now you know what all is required to mine a cryptocurrency, let’s explore the best coin to mine in 2019:
  • Bitcoin
  • Litecoin
  • Ravencoin
  • Grin
  • Horizen
  • AEON
  • Electroneum
  • Feathercoin
  • Monero
  • Vertcoin


Well, i wonder if mining the Electroneum coin is still profitable nowadays because there are some bad rumors around them.
What makes me interested is mining Grin coin, i think it is a community driven coin with peculiar algo.
But to mining Grin coin, you need huge amount of memory RAM in your rigs, about 8GB  i think.
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March 18, 2019, 06:31:45 AM
 #22

Those coins you listed are not profitable to mine for me and it depends on ones mining setup rigs too, how powerful they are but for me it doesn't make sense wasting lots of electricity for few bucks ,and even I mine on free electricity but still it's not profitable at all ,if this continues I might decide to sell off my mining rigs and use the money to buy coins and tokens to hodl

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March 18, 2019, 07:34:34 AM
 #23

Well, those coins may be the best cryptocurrency that gives big profits for mining.
However, for this recent condition, mining with certain hardware really seems like heavier, harder to get the profits. As we know, mining needs more costs to spend, for the hardware, electric, and also other outcomes.
And now, result from mining is smaller than a year ago.
That is why many people stop their activities in mining.
however, there may be online ways to mine some coins, especially offered by certain ICO projects.

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March 18, 2019, 08:47:47 AM
 #24

Mining provides a decentralized way to issue cryptocurrency while creating a solid ground for more crypto enthusiasts to mine. It ensures that new coins are produced every 10 minutes – 10 minutes is the time basically required to mine a single BTC block. Following are the things you may require before you embark on your crypto mining journey so that you will get the most profitable cryptocurrencies to mine in 2019:

A coin wallet that will be password-protected storage for your earnings and keeps a network-wide ledger of transactions.
A free mining software package
Membership in an online mining pool - a community of miners who combine their computers to increase profitability and income stability.
Membership at an online currency exchange to exchange your mined coins for cash or Bitcoin
A desktop or custom-built computer designed for mining.
An Nvidia graphics processing unit (GPU) or a mining ASIC chip.

As now you know what all is required to mine a cryptocurrency, let’s explore the best coin to mine in 2019:
  • Bitcoin
  • Litecoin
  • Ravencoin
  • Grin
  • Horizen
  • AEON
  • Electroneum
  • Feathercoin
  • Monero
  • Vertcoin

https://coinswitch.co/news/10-most-profitable-cryptocurrencies-to-mine-in-2019-detailed-review

When it comes to mining, almost all tokens available for mining are profitable to mine
What matters is how much token in satoshis or digits can you mine hourly

Because after all that’s what determine what profit you get
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March 18, 2019, 10:00:23 AM
 #25

You are not going to get profits by mining the crypto currencies in the bear market so you need enough capital to withstand until bull run begins for your running expenses.I heard Monero is one of the coin give profits while mining.

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March 19, 2019, 10:17:48 AM
 #26

You are not going to get profits by mining the crypto currencies in the bear market so you need enough capital to withstand until bull run begins for your running expenses.I heard Monero is one of the coin give profits while mining.
The article would have actually be posted during the bull market, because like you and every other person has said, it is even getting seriously difficult for the few miners we have on ground now, though crypto needs more miners but lots of miners are not willing to even engage now because of the cost implication it is having on them as a result of the bear market.

The last time I tried monero was mining through PC mining software but I stopped as a result of the low processors of my laptop the hash rate was low, it’s been very long though, I don’t know of their process or if it’s still profitable.


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March 19, 2019, 10:23:19 AM
 #27

There are almost no crypto currencies that are giving mining profit at the moment. It is still extremely expensive to mine, because the crypto prices are on the same spot, but the difficulty is raising and miners are not so modern anymore.
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March 20, 2019, 07:44:34 PM
 #28

Yes, I agree with you that most of the coins you listed are profitable but we should not forget the fact that they are also very capital intensive to mine them.

This your article might as well be for investors with large capital they can use because take bitcoin for example now, not many people can afford to buy the mining machine except someone who has enough money to go into mining big time, would have loved if you has listed smaller coins that are profitable to mine if we have any.


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March 20, 2019, 07:46:47 PM
 #29

Unfortunately, after the downfall of cryptocurrencies, the mining business is no more profitable and rewards are decreased proportionally. No more miners buy a new video card for mining and sold rigs count are increasing day by day.

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ASHLIUSZ
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March 20, 2019, 07:49:42 PM
 #30

Yes, I agree with you that most of the coins you listed are profitable but we should not forget the fact that they are also very capital intensive to mine them.

This your article might as well be for investors with large capital they can use because take bitcoin for example now, not many people can afford to buy the mining machine except someone who has enough money to go into mining big time, would have loved if you has listed smaller coins that are profitable to mine if we have any.
Every coin is capital intensive to mine, but at the present market situation countries that has got the lowest electricity consumption helps with profiting. In my country we've got increased electricity consumption cost, upon the same my friend who was into mining has shut the miner and has posted for sale.
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March 21, 2019, 06:29:24 AM
 #31

The profitability of coins is different and it is constantly changing, so you need to make sure that mining is now more profitable and switch to the coin that is more profitable than others. But in order to constantly monitor the profitability of coins and switch from one miner to another miner, you need to spend time and effort, so you can use automation services for mining processes and get the maximum possible profit in BTC regularly to your wallet, after which you can buy that coin which you consider promising. Here are some similar services:
https://www.cudominer.com/
https://www.nicehash.com/
https://managerigs.com/
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March 21, 2019, 06:38:00 AM
 #32

When indeed you post here later, there will definitely be many miners who switch to the coin, and the diff will increase payment a little too, becoming a miner when bitcoin drops dramatically is very heavy and even many are losing money
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March 21, 2019, 06:51:32 AM
 #33

Mining provides a decentralized way to issue cryptocurrency while creating a solid ground for more crypto enthusiasts to mine. It ensures that new coins are produced every 10 minutes – 10 minutes is the time basically required to mine a single BTC block. Following are the things you may require before you embark on your crypto mining journey so that you will get the most profitable cryptocurrencies to mine in 2019:

A coin wallet that will be password-protected storage for your earnings and keeps a network-wide ledger of transactions.
A free mining software package
Membership in an online mining pool - a community of miners who combine their computers to increase profitability and income stability.
Membership at an online currency exchange to exchange your mined coins for cash or Bitcoin
A desktop or custom-built computer designed for mining.
An Nvidia graphics processing unit (GPU) or a mining ASIC chip.

As now you know what all is required to mine a cryptocurrency, let’s explore the best coin to mine in 2019:
  • Bitcoin
  • Litecoin
  • Ravencoin
  • Grin
  • Horizen
  • AEON
  • Electroneum
  • Feathercoin
  • Monero
  • Vertcoin

https://coinswitch.co/news/10-most-profitable-cryptocurrencies-to-mine-in-2019-detailed-review

When it comes to mining, almost all tokens available for mining are profitable to mine
What matters is how much token in satoshis or digits can you mine hourly

Because after all that’s what determine what profit you get
how much tokens you can mine will depend on hashrate, more mining rig and more hashrate. Basically, the key in mining is about how much you can buy your mining rig and get a big coin or token everyday.
It's the main consideration before join in mining.

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april08
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March 21, 2019, 08:15:14 AM
 #34

I wish i have what it takes to mine. I would have benefit from these listed projects. i no many that make good money from mining. I will draw their attention this post so that they will benefit from it.
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March 21, 2019, 09:27:50 AM
 #35

I think mining is not enough giving profits for this situation especially Bitcoin mining is also be not profitable that it will not give the exact profit that I expected because the energy consumption is more higher when comes to electricity it cost around 90 % of my income so the prophet was very low.
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March 21, 2019, 09:34:04 AM
 #36

I think mining is not enough giving profits for this situation especially Bitcoin mining is also be not profitable that it will not give the exact profit that I expected because the energy consumption is more higher when comes to electricity it cost around 90 % of my income so the prophet was very low.

Correct, bitcoin is no longer profitable even if you have lots os hardware, maybe you can just break even in the long run.

The other coins that the OP listed is also not profitable, for me its better if you like just running a master node, although it cost something in the beginning, but if you're able to find a lucky gem amongst those start up coins, I'm sure you can make a lot of profits.

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March 21, 2019, 09:36:54 AM
 #37

I wish i have what it takes to mine. I would have benefit from these listed projects. i no many that make good money from mining. I will draw their attention this post so that they will benefit from it.


Mining in cryptocurrency certainly requires a special device for us to run, and if we don't have a good device then it's better to just follow good ico projects and potential bounty campaigns, because that will also be profitable.

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March 21, 2019, 10:19:50 AM
 #38

Coins with low difficulty, doesn't matter if it's gpu or asic, i think you should pick a coin that isnt really popular, but with high volume so when you sell the coin the spread of each buy order isn't that much.
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March 21, 2019, 01:20:39 PM
 #39

Currently is not the best moment to try your luck in mining, because the prices are too low. Just wait until the prices are going to recover and search another way of earning crypto currencies like Bounties or freelancing for crypto.
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March 21, 2019, 04:34:33 PM
 #40

Coins with low difficulty, doesn't matter if it's gpu or asic, i think you should pick a coin that isnt really popular, but with high volume so when you sell the coin the spread of each buy order isn't that much.
Picking coins that are not popular will be quite a mistake. You won’t make any profit from mining such coins and why would you go for such a coin when you can even mine Ethereum (ETH)? Ethereum is an all round good coin and a perfect choice both for mining and investment, anyone decide to go for and among the top twenty coins there are other coins that are profitable too.

As now you know what all is required to mine a cryptocurrency, let’s explore the best coin to mine in 2019:
The truth is that crypto mining is no longer profitable as it used to be. There was a time when people can easily mine crypto with their computer cause back then it can be mined with just the CPU. But this time around, it’s getting difficult to the extent you can’t even mine it at home, cause you will ASIC which consumes a lot of power, unless you get cheap electricity. If anyone would like to mine crypto I will be suggesting that they go for Ethereum, Zcash, Monero, Horizen, Vertcoin. If you want to go for Bitcoin, uhhhm… that’s your choice.
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