Mining Ergo and Ravencoin for 2024

[fmz89]

Which coin would you rather hold for 2024? Between Ergo, Flux and Ravencoin or all three? Which one do you think it has the potential to increase more in value at that time?

I do still remember mining before eth came out, and 2015 bear market mining with cgminer and almost every day pop up altcoin mineable, but only last couple days and turn out not profitable, even some new algos become hot coin only few weeks and die, its hard times but its fun, this forum fill up with exciting guys, now todays like ghost town, i wont be sire with raven, ergo, flux many these fill up by fpga and flooded gpu miner from eth.

[arielbit]

Which coin would you rather hold for 2024? Between Ergo, Flux and Ravencoin or all three? Which one do you think it has the potential to increase more in value at that time?

I do still remember mining before eth came out, and 2015 bear market mining with cgminer and almost every day pop up altcoin mineable, but only last couple days and turn out not profitable, even some new algos become hot coin only few weeks and die, its hard times but its fun, this forum fill up with exciting guys, now todays like ghost town, i wont be sire with raven, ergo, flux many these fill up by fpga and flooded gpu miner from eth.

ghost town needs scavengers. if you know you know hehehe

[Beparanf]

I would say Ravencoin will guarantee that it will run for along time because they already experienced terrible bear market during 2018 yet they are still here and continuously running. Flux is a promising project since it’s still new and has a strong community. Mining this token might give you a jackpot once bull run favored again those hidden gem blockchain project.

In general, gpu mining nowadays is already a gambling since Ethereum is already on PoS which means you will have competing to those miners that supposed to be mining Eth. I believe buying tokens is more safe rather mining it if you are still doesn’t build your mining rig.

[swogerino]

I would say Ravencoin will guarantee that it will run for along time because they already experienced terrible bear market during 2018 yet they are still here and continuously running. Flux is a promising project since it’s still new and has a strong community. Mining this token might give you a jackpot once bull run favored again those hidden gem blockchain project.

In general, gpu mining nowadays is already a gambling since Ethereum is already on PoS which means you will have competing to those miners that supposed to be mining Eth. I believe buying tokens is more safe rather mining it if you are still doesn’t build your mining rig.

I believe that too.It is really a gamble but it is a gamble worth making if you believe that we will have a next bull run.I did such a gamble in 2018-2019 when everybody else lost hope that we would see another recovery and Bitcoin was declared for the 400 time dead.During such time I was mining at a loss with Nicehash,now I am still mining at a loss but trying 2-3 different coins so the gamble is a bit more dangerous than if I would still be mining with Nicehash but now I can afford this.

I can afford this because I made enough money in 2021 from that 2018-2019 mining,so I am hoping for a brilliant 2023 or 2024 or at maximum I know for sure we will be having a brilliant 2025.

[FP91G]

I see that the mining of these two coins is unprofitable on 1000, 2000 and some video cards of the 3000 series. Mining is possible only on free or very cheap electricity. I don't think that miners will use modern expensive graphics cards to mine these coins.

[fmz89]

Last time ergo is nice for amd cards but, after eth pow gone, ergo floded x10 hashrate from miner desperately trying to recoup their investment on gpu side, with the fall of ergo price, began quickly unprofitable even you got free electricity isnt worth it at all

[vectisitch]

Last time ergo is nice for amd cards but, after eth pow gone, ergo floded x10 hashrate from miner desperately trying to recoup their investment on gpu side, with the fall of ergo price, began quickly unprofitable even you got free electricity isnt worth it at all

How can you say it's not worth it even with free electricity? Ergo imo is worth mining even at a loss right now as long as you can hold it for the next big bullrun. Thats the only way to make big money in crypto from now i think. IF you can afford to mine in todays situation then it's worth picking the coins that could fly and just hold them

[FP91G]

Last time ergo is nice for amd cards but, after eth pow gone, ergo floded x10 hashrate from miner desperately trying to recoup their investment on gpu side, with the fall of ergo price, began quickly unprofitable even you got free electricity isnt worth it at all

How can you say it's not worth it even with free electricity? Ergo imo is worth mining even at a loss right now as long as you can hold it for the next big bullrun. Thats the only way to make big money in crypto from now i think. IF you can afford to mine in todays situation then it's worth picking the coins that could fly and just hold them

Why increase the wear and tear of mining equipment and engage in mining at a loss, if now you can buy very cheap coins?
The main problem is that miners have a lot of old nvidia 1000-2000 series equipment and old AMD GPUs, which give little profit. And it's a pity to use the Nvidia 3000 and 4000 series for such tasks.

[FP91G]

Almost a month ago, a fundraiser was announced for listing on the Mex exchange

Summary:
Objective: We need $53,000 worth of ERG (including a 5% fee) to list on MEXC.
Price Drop:Negotiations slashed $7,000 off the listing cost.
Raffle Cost: Each ticket costs 1 ERG at $2.00/ERG.
Rewards: Participants get tokens and NFTs from projects like Spectrum, $COMET, Cyberverse, and more!
https://www.reddit.com/r/ergonauts/comments/1b31das/join_the_ergoraffle_and_help_crowdfund_mexc/

Today the required amount of money was collected by the community