How to see if a new coin supports mining?

[fanhua1994]

I often don't know how to judge whether a new coin can be mined,I want to ask a friend who knows

[batang_bitcoin]

If it's PoW, then it certainly is for mining. PoW means proof of work which is the same as bitcoin. And the easiest thing to know is to look to the official website of that coin and see if it's possible to mine. You can also ask their community manager if there's any through their social media channels.
If they have an established ANN thread, it's better because most details are there if it's mineable or not.

[bitmover]

I often don't know how to judge whether a new coin can be mined,I want to ask a friend who knows

You can just skip all tokens from ethereum (erc20), because tokens are not mineable at all. They use ethereum infrastructure,  and ethereum mining.

[jrrsparkles]

If it's PoW, then it certainly is for mining. PoW means proof of work which is the same as bitcoin. And the easiest thing to know is to look to the official website of that coin and see if it's possible to mine. You can also ask their community manager if there's any through their social media channels.
If they have an established ANN thread, it's better because most details are there if it's mineable or not.

I think op should read the whole white paper. In white paper OP will know everything about new projects. Minable coins don't matter, if minable numbers are limited like Bitcoin. Like Ethereum is switching from POW to POS but still we don't know the exact supply maybe like our gold supply.

Ethereum wiil limit their total supply for sure or else investors will lose their hope on ethereum because it is one of the coin has lot of potential and even hope from the holders, the creator also announced they will be having a max supply but still it is not defined.

[Paycoinzzz]

I often don't know how to judge whether a new coin can be mined,I want to ask a friend who knows

A good mining coin will usually have a legit team behind it and many large financial investment funds support it.  You know, the most important thing is still the value of the coin.  If there is mention of listing on big exchanges like Binance and Huobi global in the roadmap and white paper, then it is definitely a worthwhile investment project.

[Johnyz]

I often don't know how to judge whether a new coin can be mined,I want to ask a friend who knows

You can just skip all tokens from ethereum (erc20), because tokens are not mineable at all. They use ethereum infrastructure,  and ethereum mining.

This is usually the scenario but if they have their own blockchain, then you can mine that coin as well. Read the whitepaper this is the best thing that you can do before investing and know how their project works or if its possible to do some staking or mining, it will really depends on every project. If you want to do mining then choose the established coin and worry less for it.

[dhemasm]

It's depends and basically you must ask directly to the community/team Project that you want to mine, Try reaching them from telegram or Discord. There are tons of algo too but so far the most used is PoW and PoS so it's really depends which coin/token you want to mine, Good luck!

[Distinctin]

It should be published together with their Ann Thread. ERC 20 projects never support mining, so basically not a thing you need for.
For now, only a few projects that conduct such activities coz most of them now are involved in Defi projects which only supported ERC 20.

BTW, are planning to establish a mining company? I think it was a risky thing to do rather than to have a simple market investment.
Anyway, it's up to you, and only I just saying what I feel and see the difficulties for miners.

[wheelz1200]

I often don't know how to judge whether a new coin can be mined,I want to ask a friend who knows

If you are unsure ask in one of the coin communities social media, telegram, slack, Twitter etc.  Generally speaking people are open to help if ypu ask sincere questions and they aren't too rediculous.  Any coin in particular or just a general question?

[shinratensei_]

I often don't know how to judge whether a new coin can be mined,I want to ask a friend who knows

IMO if you will be rarely seen the new coins that used the POW as its consensus mechanism consider these days so many projects wanna be conservative projects that used POS as the consensus mechanism.

You must see what kind of consensus that has already used and the developer will always introduce this on their whitepaper.
You can also ask them all directly.
Just ask someone who has enough knowledge about such a project and that will be enough.

[pixie85]

If the coin is already on the market you can go to coinmarketcap and open the coin's page.

Right below the name on CMC you'll have it's rank, webiste, explorer, a link to documentation and a few tags. If the coin is mineable it's going to be written there and there along with the type of mining like pow, pos, or hybrid.

[24Kt]

If the coin is already on the market you can go to coinmarketcap and open the coin's page.

Right below the name on CMC you'll have it's rank, webiste, explorer, a link to documentation and a few tags. If the coin is mineable it's going to be written there and there along with the type of mining like pow, pos, or hybrid.

You can easily check if it is mineable -look what is the consensus mechanism as others have mentioned. If it is PoW, then it is mineable. Or if it is not stated, just ask the dev himself if the coin is mineable or ask in their social media channel if you can't get the info from their technical specs published.

[Zemomtum]

The best to do is to join their telegram group and ask any of the Admins if they offer mining in case if this is not stated in their whitepaper which I doubt.

[WalkerIVIV]

I often don't know how to judge whether a new coin can be mined,I want to ask a friend who knows

Im thinking if you were asking the wrong party as you should ask the developers about that. You can jusdge it based on information that has already published before. The creator of coin will always give a lot of informations regarding the detail of coin.

Just try to take the simple thing from the coin. When it was stated use the proof of stake and it can't be mined but when it was using proof of stake and it can be mined use graphic card. Simple as that.

[Akiko]

You can check thier announcement thread its already explain there if the coins is mineable or not all the details need to know can be read theee . Just removed from the list all kind of token that use Ethereum,eos,waves,l and tron blockchain platform.


 If you can't find it you can also ask to one of their representative if the coins is mineable.

[peterlustig]

If the coin is already listed on coinmarketcap, then you can look for tags PoW and mineable if it says those then, that coin is mineable

https://imgur.com/IHu103g

Try to look for POW in any project if you are looking for mineable projects.

[batang_bitcoin]

If it's PoW, then it certainly is for mining. PoW means proof of work which is the same as bitcoin. And the easiest thing to know is to look to the official website of that coin and see if it's possible to mine. You can also ask their community manager if there's any through their social media channels.
If they have an established ANN thread, it's better because most details are there if it's mineable or not.

I think op should read the whole white paper. In white paper OP will know everything about new projects. Minable coins don't matter, if minable numbers are limited like Bitcoin. Like Ethereum is switching from POW to POS but still we don't know the exact supply maybe like our gold supply.

Yes, the reading the whitepaper will give him the details. But do people still read whitepaper of projects? I don't think that a lot are still but there are remaining few. And those people are the critical investors who don't want to commit investment to the wrong projects.
If it's mineable, it is important for OP to know because he might be planning to mine interesting coins.