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Author Topic: Easiest Altcoin to Mine with least Electricity advice  (Read 456 times)
very_452001
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October 20, 2021, 11:41:56 PM
Last edit: November 12, 2021, 06:18:53 PM by very_452001
 #1

Hi,

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.

Any suggestions?

 
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October 20, 2021, 11:59:48 PM
 #2

Mine and buy with ASIC if you don't want to build a rig that's the easiest way but this is not a good place to ask this you must move this to the altcoin mining section or discussion(Reported already).

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October 21, 2021, 12:00:56 AM
 #3

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.
Mining is there for years and mineable used to be an indicator that a project can survive. It only partially true because many mineable altcoins finished their lives with deaths.

Mining itself is risky because you have to face with tripple risks:
  • Risk of investment in your mining equipments, power bills, maintenance cost.
  • Risk of unknown price changes
  • Risk of coin survival ability
There are few mineable altcoins in top 100 but they are no longer easy to mine. Others are for stake, yield, farm, etc.

My advice for you are
  • Checking with Whattomine.com.
  • Look at those coin age, should be more than 4 years.
  • Next, go back to coinmarketcap or coingecko and check further details of coins that you just filter from Whattomine.

.BEST..CHANGE.███████████████
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..BUY/ SELL CRYPTO..
very_452001
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October 21, 2021, 02:24:16 PM
 #4

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.
Mining is there for years and mineable used to be an indicator that a project can survive. It only partially true because many mineable altcoins finished their lives with deaths.

Mining itself is risky because you have to face with tripple risks:
  • Risk of investment in your mining equipments, power bills, maintenance cost.
  • Risk of unknown price changes
  • Risk of coin survival ability
There are few mineable altcoins in top 100 but they are no longer easy to mine. Others are for stake, yield, farm, etc.

My advice for you are
  • Checking with Whattomine.com.
  • Look at those coin age, should be more than 4 years.
  • Next, go back to coinmarketcap or coingecko and check further details of coins that you just filter from Whattomine.

Hello I'm looking to mine a altcoin in within the top 100 rankings that doesn't require ASIC, fast PC or any expensive hardware or if hardware is required then consumes the least electricity. Is there a altcoin for this?
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October 21, 2021, 03:07:45 PM
 #5

Sounds like he's looking for the reject slot on a Coinstar machine.  Grin
kinkajou
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October 21, 2021, 04:09:21 PM
 #6

Ravencoin is a solid top-100 PoW project mined on commodity hardware (GPU).

The KawPoW algo uses slightly more electricity than Ethash/Autolykos, but the added power consumption provides additional security that ASIC's won't be able to come online with an outsized efficiency advantage.

https://discord.gg/ravencoin (https://discord.gg/ravencoin) Open Development Meetings every Friday @ 4PM EST
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October 21, 2021, 05:55:46 PM
 #7

Go to unmineable.com this is a website with pool that brings coins like shiba inu and others to miners with ease, many other coins that aren't even pow algorithm enabled are present on this website including holo, funfair, decentraland, 1inch and many more

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very_452001
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October 21, 2021, 10:04:18 PM
 #8

Go to unmineable.com this is a website with pool that brings coins like shiba inu and others to miners with ease, many other coins that aren't even pow algorithm enabled are present on this website including holo, funfair, decentraland, 1inch and many more

I don't get it, how can you mine POS coins that you mentioned?
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October 22, 2021, 02:03:00 AM
 #9

By easiest do you mean what uses the least amount of electricity? That would be CPU mining. However it’s pretty competitive and you will need a high end CPU like a Ryzen. If you got one then you can mine monero with it.

If by easiest you mean what’s the best plug and play method with least amount of interaction or maintainance then you need to get an ASIC. Basically buy an ASIC and buy a PSU, set up your pool and you are done. They rarely need attention and usually auto reboot if there is an issue.

.BEST..CHANGE.███████████████
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October 22, 2021, 06:52:27 AM
 #10

Hi,

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.

Any suggestions?

 

Buy a pre built mining rig with GPU-s.That way you only need to change your wallet and mine away.One of the easiest miner to use is Nicehash as you just launch it and it does all the work for you,you only place your wallet in there.However this is not the cheapest electricity option,for that you need a standalone miner like T-rex,NbMiner or Phoenix miner and mine Ethereum or Ethereum Classic,as far as I know they consume the less electricity based on the rewards given.

This above is if you don't want to spend a lot of money.You can buy an ASIC but usually the electricity consumption is higher with these devices.

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October 22, 2021, 12:18:34 PM
 #11

I am looking for the easiest altcoin to mine that is in the top 100 crypto market cap rankings that requires less electricity as possible.
Mining is there for years and mineable used to be an indicator that a project can survive. It only partially true because many mineable altcoins finished their lives with deaths.

Mining itself is risky because you have to face with tripple risks:
  • Risk of investment in your mining equipments, power bills, maintenance cost.
  • Risk of unknown price changes
  • Risk of coin survival ability
There are few mineable altcoins in top 100 but they are no longer easy to mine. Others are for stake, yield, farm, etc.

My advice for you are
  • Checking with Whattomine.com.
  • Look at those coin age, should be more than 4 years.
  • Next, go back to coinmarketcap or coingecko and check further details of coins that you just filter from Whattomine.

Hello I'm looking to mine a altcoin in within the top 100 rankings that doesn't require ASIC, fast PC or any expensive hardware or if hardware is required then consumes the least electricity. Is there a altcoin for this?
I want to work, but so that I don't have to go to work, ... and it's even better that the salary is brought home Smiley
If you are talking about POW mining, then there are no such coins. The competition is very high, so you have to buy expensive equipment and pay your electricity bills.
You can mine Shitcoin on old hardware, but the profit will be in the range of a few cents per day.

.BEST..CHANGE.███████████████
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..BUY/ SELL CRYPTO..
FloridaKid
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October 22, 2021, 01:20:13 PM
 #12

Go to unmineable.com this is a website with pool that brings coins like shiba inu and others to miners with ease, many other coins that aren't even pow algorithm enabled are present on this website including holo, funfair, decentraland, 1inch and many more

I don't get it, how can you mine POS coins that you mentioned?
Yea this is correct Ive used unmineable to mine other coins that aren't PoW active, you need to check out the platform yourself it's more like a mining pool, here is what they do, you can direct your GPU or CPU to the platform given address and they will pay you in shiba coin or any other you choose

https://unmineable.com

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October 22, 2021, 03:47:56 PM
 #13

Unminable its just converting the money you earn mining POW in POS. DOing so, they earn both as a pool and as an exchange.
I have an answer, but i also have a question
The answer is Verthash, I do't know if its top something but its solid enough and its alo is the less power intensive that mean you can mine it even with not so young GPU ( even with CPU). The question is: what you mean by easy to mine ?

And in case you are not happy obtaining VTC, you can mine it in Zergpool or miningpoolhub, and obtaining btc,ltc or whatever they(THEY) mine and you don't.
In fact I am gpu mining there and obtaining LTC
very_452001
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October 22, 2021, 11:03:51 PM
 #14

Sorry I mean cheapest to mine a altcoin that is less electricity used as possible of a altcoin in the top 100 rankings.
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October 23, 2021, 05:07:07 AM
 #15

Sorry I mean cheapest to mine a altcoin that is less electricity used as possible of a altcoin in the top 100 rankings.
Cheapest to mine? Don't even think about mining on your phone if you have that in mind erase it right now, actually there is no cheap way to mine coins cos you need to have the right equipments like CPU or GPU, if you don't have one of these then sorry I can't help you

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October 23, 2021, 12:29:24 PM
 #16

Okay what you guys think of Helium HNT?
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October 25, 2021, 07:49:35 AM
 #17

Easier?
I think this is relative! I haven't advice for this.


Sorry I mean cheapest to mine a altcoin that is less electricity used as possible of a altcoin in the top 100 rankings.

Cheapest?
You could try this! (Almost zero cost)
Mining is just math, after all! Try brain mining! - You can mine whatever coins.



A long time ago, the easiest way to mine was cloud mining. The most popular cloud mining was Cex, which owned one of the biggest Bitcoin mining pools at the time. - GHash (2013-2016)

All miners' goal is profit! Even if someone writes a coin name here at a low cost to mine it, there's no guarantee that it'll make you a profit. Let's say you got the coin to mine at low mining cost, has a pretty good price, but tons of miners mine the same coin as you.
So?

The best way is DYOR!
Good luck!

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October 25, 2021, 03:23:20 PM
 #18

Yeah Cloud Mining was the worst.

I had so many friends fall for that scam. They said "Dude its 10GH/s forever, I will always be mining bitcoins". However they clearly didn't read their terms and on their terms it states that the hashrate is guaranteed as long as its more than the maintenance cost. The maintenance cost is electricity plus some handling and service from time to time.

Generally these contract last for many a year or even less than a year due to how fast bitcoin ASICs become extinct. I remember we would always get a bunch of people going to bitcointalk to complain how they got scammed with cloud mining contracts when they clearly didn't read the fine print.

.BEST..CHANGE.███████████████
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..BUY/ SELL CRYPTO..
very_452001
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October 25, 2021, 09:32:39 PM
 #19

Yeah Cloud Mining was the worst.

I had so many friends fall for that scam. They said "Dude its 10GH/s forever, I will always be mining bitcoins". However they clearly didn't read their terms and on their terms it states that the hashrate is guaranteed as long as its more than the maintenance cost. The maintenance cost is electricity plus some handling and service from time to time.

Generally these contract last for many a year or even less than a year due to how fast bitcoin ASICs become extinct. I remember we would always get a bunch of people going to bitcointalk to complain how they got scammed with cloud mining contracts when they clearly didn't read the fine print.

Bitcoin was way cheaper back then. Do you mean if the mining profits were more than the maintenance cost of cloud mining then cloud mining can continue? Bitcoin is $60k now so mining profits hash rate should easily cover cloud mining costs nowadays correct?
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October 26, 2021, 06:40:09 AM
 #20

Yeah Cloud Mining was the worst.

Yep! 90.12345% SCAM....LMAO


...... Bitcoin is $60k now so mining profits hash rate should easily cover cloud mining costs nowadays correct?

Not that simple, as I mentioned above:

...... Let's say you got the coin to mine at low mining cost, has a pretty good price, but tons of miners mine the same coin as you.

Check this graph!

Bitcoin Network Hashrate VS. Price:


Source: https://stats.buybitcoinworldwide.com/hashrate-vs-price/

Network Difficulty:


Source: https://www.blockchain.com/charts/difficulty


Let's make some simple illustrations! (Actual calculations aren't like this) - To make it easy, let's use simple numbers, ignore diff!

Yesterday Bitcoin price: $10
Yesterday Bitcoin Network Hashrate: 10 Th/s
There're 10 miners, you have 1 Th/s, and the rest also have the same as yours.

Today Bitcoin price: $50
(With Bitcoin's price increasing to $50, more miners join)
Today Bitcoin Network Hashrate: 50 Th/s
There're 50 miners, you have 1 Th/s, and the rest also have the same as yours.

Let's calculate your chance!
Yesterday: 1/10 * $10: $1
Today: 1/50 * $50: $1

See?

Unless this "cloud mining" has tons of hash power and does solo mining. They "might have" a better chance!

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