Should I Mine More Than 1 Coin?

[William456]

I already mine Ether, but I was wondering about mining other coins, too.

I suspect that my setup can, essentially, walk and chew gum, at the same time.

So, generally, won't it be more profitable, for my rig to mine more than one coin?

Any thoughts, on this issue?

- William456 

[tabas]

Calculate it.
If there's still enough hash power for you to mine other coins, why not? But, if you have been mining Ethereum and you still receive profit less the mining expenses, I think that's already enough.

[JHORN]

I already mine Ether, but I was wondering about mining other coins, too.

I suspect that my setup can, essentially, walk and chew gum, at the same time.

So, generally, won't it be more profitable, for my rig to mine more than one coin?

Any thoughts, on this issue?

- William456 

Are you talking about double mining? 2 in 1 kinda mining? It's not worth it anymore, you will be stressing your cards too much and wasting too many electricity, you should continue mining ethereum or switch to other Algorithm like Monero (RandomX)

[Kong Hey Pakboy]

People that i know who does mining are earning less profit because they say that it is not worth it anymore that you really need to invest heavily equipment, cooling, and storage for your mining could profitable. So i think if you have enough equipment to mine for another coin it still depends if you will get enough profit every month.

[ashmodeus]

Well , as long u think its good for you , u will be ok.
And btw , if u talking about dual mining like what i do last year, its really not worth to try.
Yeah probably electrity on my country its to expensive and i just have 3 old model rigs with eating much electrity.

[JeffBrad12]

That depends on what kind of rig that you have been using it to mine crypto. I see that some people able to do dual mining at the same time but may i know what kind of your rig?

It's better to move your thread to the mining section https://bitcointalk.org/index.php?board=160.0

You must have calculated how much your GPU can generate the hash rate to do dual mining. It's better for you to visit claymore's ethereum dual mining software to talk about this https://bitcointalk.org/index.php?topic=1433925.27780

[H1N1]

You should have more options on what coin you will mine because the price of the coins are volatile.
If you are a programmer, you can make some program that able to switch the coin you mine, by the current price in the market.
So, mining more than 1 coin is a good thing to do.

[Little Mouse]

If you think mining other coin is more profitable than mining ETH, then why not you go with more profit? Check the whattomine and learn which coin is more profitable for now with your set up.
https://whattomine.com

[tunapa]

It depends on your interest and resources at your disposal. If you are have enough resources you can go ahead . If you are statisfied with the profit you are making from ETH mining then you can do just only that.

[Free1bitco.in]

I don't really know about mining, but I think it's better to focus on 1 coin so that the results obtained are more satisfying. apart from that, I think ethereum is currently the best coin for mining. split some rigs, or hash power will only make your income decreases.

[Crypto_lion]

There are some sites where you can calculate the optimal coin to mine based on the hash power of your machine and how profitable it for you . Try our for a week or two mining both and see.

[jessyj48]

To keep mining the most profitable coins you will always need to change Algorithm, the most profitable coins to mine today are still ethereum and Monero, that's ethash and RandomX algorithm, get the two miners on your mining rigs and of course wallets to receive your coins and you are good to go

[voteformeg]

i am also mining ethereum on 1 small rig and it was always for mining ethereum but there where projects that looks so good that i switched to other new projects but after all i have to say that it was better to keep mining ethereum because most of the projects i took part in are already dead  , i should have stay to mine ethereum

[Kaliecious]

if other coins are more profitable you should just move from ETH. because every mining that is sought is a profit (electricity and maintenance costs)
I think mining 2 coins at once is not a good idea

[Tipstar]

It depends on what your mining strategy is how much of that you are going to hold and how much to sell. If looking for a pure profit, there are software that would auto select the best coin combo, mine them and sell the for you. But if you want to control what you mine, Mining a potential coin along with Ether would be a good idea. As Ether doesn't support side mining of other coin, you need to mine them separately.

[alisonwonder]

if other coins are more profitable you should just move from ETH. because every mining that is sought is a profit (electricity and maintenance costs)
I think mining 2 coins at once is not a good idea

I think that at this time ethereum is very difficult to mining because at this time the level of difficulty of ethereum has been increasingly increased and certainly it will indeed make electricity costs higher and the results obtained are not too many, so it's better to do mining at altcoin still really has the potential to profit.

[Nadziratel]

There is a board about Mining already. Why did you create this topic in there: Mining

And probably no! Your computer is already mining Ethereum with all its hash power. In the meantime, I think it would not be right to load another load on your system.

[aioc]

I already mine Ether, but I was wondering about mining other coins, too.

I suspect that my setup can, essentially, walk and chew gum, at the same time.

So, generally, won't it be more profitable, for my rig to mine more than one coin?

Any thoughts, on this issue?

- William456 

It's a good idea to mine coins that comes that will give you profit, that's what my friend is doing right now if there's a new coin that comes along and he can mine it and it has potential in the market he redirect his mining rigs to that coin especially if the coin is the new kid on the block.

[Bitbtc8]

It depends on which coin is currently more profitable, be ready to switch to other coin once there is another coin that's more profitable, you can use https://whattomine.com to find which coin is more profitable to mine

[Stanlo]

Instead of trying to figure out which coin is more profitable to mine why can't you just use Nicehash miner instead? You won't need to worry about the more profitable coin to mine, this miner readjust once a coin is more profitable to mine.