Which coin should u mine right now?

[Miningminds]

Hi folks,

After the successful (apparently eth merge), me and many others as eth miners, should ask ourselves not only which is the most profitable coin right now but which one will still be lucrative in the future... that means it should be a very solid coin and project

Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?

Any help and advice would be appreciated, thanks in advance

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[Tytanowy Janusz]

I'm sure its not profitable with current price equals 23$ - https://coinmarketcap.com/currencies/ethereum-pow

Its 1.5% of ETH price so 98.5% of old ETH miners will have to quit to make it profitable. I'm sure its not that low today. I'm sure that there are more than 1.5% of miners that left their machines running after merge.

After ETH merge there is no good POW gpU minable coins that "will still be lucrative in the future", pick the best short term apy and dump as soon as you mined it. But I gess POW mining will enter a long term winter as 95% all GPU miners are without job now looking for alternatives.
https://whattomine.com/

[Miningminds]

thanks for your reply, I guess will stick with nicehash and let the program to decide each moment what to mine

bet for btc is always a win-win situation

[nakamura12]

thanks for your reply, I guess will stick with nicehash and let the program to decide each moment what to mine

bet for btc is always a win-win situation

If the electricity cost in your place is cheap then I guess that mining Bitcoin is win-win since the money that will cost you for electricity is very low then you will earn for sure unless you have solar panels in your home which will decrease or you don't have to pay your electricity bill. I would do what Tytanowy Janusz suggested when you mine crypto as I noticed this month, crypto price is decreasing but I think it will increase again later.

[Miningminds]

not quite cheap, but years ago I "suffered" same situation, eth dumped to 200 usd and was not profitable but if I would have not stopped mining, the money I could have won is awesome, even without selling near the top...

so this time won't shut off my rigs even if I lose money for a while, 1-2 years is my estimation timeframe for starting the party again, thanks to btc halving so "mining" btc has more sense now than ever before hehe

[Tytanowy Janusz]

bet for btc is always a win-win situation

But you can't mine bitcoin efficiently with hardwere you have left from ETH mining. You need a decent atminer (most recent one) and cheap electricity. In my country even the best hardwere is not profitable in bitcoin mining. Break even point for BITMAIN AntMiner S19 XP is 0.16$/kWh at current BTC price (not including equipment depreciation). Its much more in most countries.

[jesselui]

Currently, I am not mining for any coins. I even started selling the graphics cards I had. I can say I've done enough damage. Bitcoin caught me at a very bad time. I can say that I will never do mining again.

[tomahawk9]

I know a some people jumped to cryptos like ravencoin and ccx, granted they're both shitcoins and i don't know how profitable they are not right now so i reckon it's not a good idea to mine both for the long-term, but at least those people didn't have to turn their entire rigs off. But I think you're better off sticking to nicehash for the time being.

[batang_bitcoin]

Hi folks,

After the successful (apparently eth merge), me and many others as eth miners, should ask ourselves not only which is the most profitable coin right now but which one will still be lucrative in the future... that means it should be a very solid coin and project

Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?

Any help and advice would be appreciated, thanks in advance

It's still fairly new and you guys have to wait maybe a couple of days or even a week or two before you see another profitable coin comes out. For now, you're all in a waiting game until a coin comes up and shows that it's profitable to all of you.

so this time won't shut off my rigs even if I lose money for a while, 1-2 years is my estimation timeframe for starting the party again, thanks to btc halving so "mining" btc has more sense now than ever before hehe

As long as you have a source to pay for the electricity for you to keep holding what you're gonna mine, that's better.

[tvplus006]

If the electricity cost in your place is cheap then I guess that mining Bitcoin is win-win since the money that will cost you for electricity is very low then you will earn for sure unless you have solar panels in your home which will decrease or you don't have to pay your electricity bill. ...

The problem is that it is impossible to mine bitcoin on the equipment that was used for mining ETH. ETH miners are now faced with a dilemma, either to stop mining, or to reconfigure it to mine another, less profitable coin. It seems that the ETHW price will not satisfy the miners requests.

[BitDane]

It is a bear market trend, so I think buying directly on the market is the most beneficial.  Mining it raw is good, yes but buying them will solve us maintenance expenses and other stuff.  Besides if we buy, it is a guaranteed coins/token while if we mine, we need time, pool mining might be helpful but at the current price it points that Buying is way better.

Considering ETH, I think pointing your hashes to ETC  is a good move.

[Jaered]

I still think the Ethereum genealogy isn't entirely gone from mining. You still got Ethereum Classic to mine. So point your miner workers to their mining pools and get a-hashing now. I think the difficulty would be low after its initial pump and subsequent correction. Another option is Litecoin. It still has some use cases especially after its partnership with Atari and of course it has a burgeoning community

[dunfida]

It is a bear market trend, so I think buying directly on the market is the most beneficial.  Mining it raw is good, yes but buying them will solve us maintenance expenses and other stuff.  Besides if we buy, it is a guaranteed coins/token while if we mine, we need time, pool mining might be helpful but at the current price it points that Buying is way better.

Considering ETH, I think pointing your hashes to ETC  is a good move.

It do all matters with calculation but if you dont bother yourself with mining expenses like electricity cost and other maintenance or related to set up then go ahead and mind.
But if you dont like all the hassles then its better to buy directly with the coin and its true that since the market is on bearish trend now then it wouldnt really be that too expensive on acquiring those.
Sometimes, mining isnt all about making profits or money but also it do pertains on someones interest and dedication on how to learn up on doing mining or simply saying this isnt always on money talks.
Mining a particular coin will really be depending on you but in most cases they would be sticking into those most common top ranking coins including Bitcoin of course.

[GxSTxV]

Currently, I am not mining for any coins. I even started selling the graphics cards I had. I can say I've done enough damage. Bitcoin caught me at a very bad time. I can say that I will never do mining again.

I’m sorry about you losses, did you try to mine new coins that are easy to do on their beginning that can be so profitable when the price goes up. If you sell your cards now you won’t get even your capital knowing they are used for mining so i suggest you to keep them until you rind a better chance

[Imran232]

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Well, though I am not a miner, I really talk to some miners. Actually, I thought I could get a graphics card from TM for a cheap price. But they made me wrong. Everyone is preparing for their next coin. So I asked them which coin they were going to mine. Most are unsure, but they have some options, and the common projects between them are ETC and Raven. I have no idea, but what they told me just matches the information. Though I am not a miner, I hope you might get a little bit of an idea about what's next. Thank you.

[antsam]

The fact that Eth has now switched to POS is unavoidable, the existing mining equipment must be a burden and it is a shame if it is not used. So instead of not working, you can't help but mine any coins that can still be mined that match the specifications of your mining equipment

[bounceback]

Hi folks,
-snip-
Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?

Any help and advice would be appreciated, thanks in advance

After the successful transition of the ETH network to PoS, now miners are forced to look for other alternative projects to mine in order to stay profitable, recently the ETC Hasrate has increased significantly, maybe because miners have temporarily started mining with ETC coins while waiting for other projects that can more profitable in mines.

For more information about miners, you can check this link: https://2miners.com/

[SquirrelJulietGarden]

Ethereum Classic is the coin you should choose.

At the moment, it is not too profitable to mine ETC but the game of mining is, when others are fearful, it is your chance to join and mine a lot of coin. When others are greed, it is another chance for you to take profit with coins you mined and received from mining in the past.

[X-ray]

To be honest ETHW was a scam coin for me. It has no purpose at all. Why don't you stick into the ETC and RVN? it's so stupid mining the garbage coin like ETHW. You have ETC in the market with big marketcap and more stability as some miners were also investing in ETC as well.
i think that you shall not try to mine ethereumw and then just straight go to the ETC. Have you ever consider this before? i think that's not too late for you to mine it if you have not yet tried it.

[Smack That Ace]

Currently, I am not mining for any coins. I even started selling the graphics cards I had. I can say I've done enough damage. Bitcoin caught me at a very bad time. I can say that I will never do mining again.

Mining is not as simple as buying and holding. In difficult times like during this bear season all mining costs remain the same, even more you have to spend due to the ongoing energy crisis, while the bitcoin price has dropped more than 70%. This will make it difficult for miners, especially small miners, you will have to spend more money to compensate for the drop in the price of bitcoin. If you are not a person with a large amount of capital then mining will be harmful, not beneficial, it will be very difficult to make a profit as we imagine.