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Author Topic: Which coin should u mine right now?  (Read 438 times)
inthelongrun
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September 16, 2022, 04:31:44 AM
 #21

It's crazy that some people in my country keep purchasing GPUs due to the price decline. I don't even understand because in the city I am living, I am paying around $0.25 per kilowatt which is so expensive for mining. Some people in my country are expecting a new coin profitable to mine. RVN and ETC aren't that profitable compared to ETH. Lately, I am hearing about this coin called Kaspa which is fast and is on the rise although I haven't checked it yet. I just think the electricity rate in the place I am in is not good for mining.

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September 17, 2022, 01:20:18 PM
 #22

Bitcoin is still the safest coin to mine, but if you want a great profit, you might need to dig deeper to the smaller marketcap coin, something like zCash or Ravencoin, I think those will give you more profit if the price is going up, since not so many people mining it so you can still get more percentage of the coins, compared to BTC, and you don't need expensive equipment to mine it too. All that being said I prefer the middle-ground something like Monero.

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September 17, 2022, 02:59:59 PM
 #23

After the change of Ethereum network infrastructure from Proof-of-Work (PoW) to Proof-of-Stake (PoS) which we call "The Merge", the miners move to mine Ravencoin (RVN), I don't know what's special there and why the miners mine the coin (probably because of its low difficulty).

One thing for sure is that Ravencoin (RVN) has gone up in price because of The Merge. Even one of the well-known crypto media reported about the increase in the price of Ravencoin along with FTX supporting futures on Ravencoin at FTX. You can read the news here.

So I think we all got the answer that Ravencoin is a good PoW coin to mine right now.

R


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September 17, 2022, 03:08:01 PM
 #24

https://www.globenewswire.com/news-release/2022/09/16/2517691/0/en/Grayscale-Investments-Declares-Distribution-of-Rights-to-Ethereum-Proof-of-Work-Tokens.html?
"Grayscale Investments® Declares Distribution of Rights to Ethereum Proof of Work Tokens
The firm establishes record date for Grayscale Ethereum Trust and Grayscale Digital Large Cap Fund following Ethereum fork
September 16, 2022 09:15 ET | Source: Grayscale Investments"

What price will an ethereum fork have if this whale sells his coins?

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September 17, 2022, 04:03:48 PM
 #25

I think that mining is a great opportunity to acquire a promising coin and earn a profit. It remains only to choose this promising coin. For myself personally, I would mine the Ethereum coin, since this coin is very interesting to me and you can achieve great success with this coin. The most important thing in mining, I believe that there is cheap electricity and mining covers all costs and makes a profit.
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September 17, 2022, 05:55:50 PM
 #26

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
The fact that Ethereum has successfully merged and is now the largest blockchain and network in its class. It will take time for Ethereum to demonstrate its prowess by providing a more appropriate value on par with Bitcoin. The time is when, it doesn't feel like it will be long….

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September 17, 2022, 06:11:53 PM
 #27

Currently I am diverting all the hash power towards ravencoin. Most of the time I mined RVN coin for its stable growth and Greta future ahead. RVN has limited supply, though it’s still far away by 2025 it’s projected to be $0.25 worth and by couple of years later it’s projected to be $1 easily. I am honestly suggesting everyone to switch to this coin. The number one reason is it’s algorithm, easy and works on most of the 4 GB GPU smoothly. If yoh have 8gbs right now then that would add huge hash power towards it giving you more coins. Since with the drop in current market, RVN is also dipping at its bottom. I see it as opportunity to mine and gain in the future if you are willing to hodl.
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September 18, 2022, 09:01:50 PM
 #28

It's crazy that some people in my country keep purchasing GPUs due to the price decline. I don't even understand because in the city I am living, I am paying around $0.25 per kilowatt which is so expensive for mining. Some people in my country are expecting a new coin profitable to mine. RVN and ETC aren't that profitable compared to ETH. Lately, I am hearing about this coin called Kaspa which is fast and is on the rise although I haven't checked it yet. I just think the electricity rate in the place I am in is not good for mining.
Unfortunately, those people imagine that if the GPU market spreads out to many different coins, instead of being stuck at ETH, that will make them even more profit. So far almost everyone aside from a few TH went to ETH and not all coins could absorb such a huge power, and that means we will see the GPU miners start mining stuff that are all over the place, all the top 100 coins that are proof of work will get some higher mining hashrate thrown their way and people will see what sticks.

As we all know that will not make it more valuable, in fact there would be more people who wants to sell it, but the fact that it spreads out that way makes people imagine it would be profitable.

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September 18, 2022, 09:18:15 PM
 #29

Ravencoin is what I'm seeing that's being chosen to be mined by those post-ETH merge miners. Another one that they can choose is Dogecoin or etc if they want to.
But as much as of their concern right now, it's not really profitable to mine any coin right now and you're just wasting your resources if you do it now.
Although it's not going to be the same forever, there will be a time that another coin will be perfectly mined by them but they have to wait on what is this coin that shall be prevailed.

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September 19, 2022, 05:13:41 AM
 #30

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

I think for now it is better to mine according to the specifications of the mining equipment you have. for now it seems that many people are no longer sure about mining crypto, most of what I have seen have created their own crypto instead of mining. but if you are still sure that mining is also not your fault, but you need to pay attention to the specifications of the equipment you have

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September 19, 2022, 05:34:39 AM
 #31

After the change of Ethereum network infrastructure from Proof-of-Work (PoW) to Proof-of-Stake (PoS) which we call "The Merge", the miners move to mine Ravencoin (RVN), I don't know what's special there and why the miners mine the coin (probably because of its low difficulty).

One thing for sure is that Ravencoin (RVN) has gone up in price because of The Merge. Even one of the well-known crypto media reported about the increase in the price of Ravencoin along with FTX supporting futures on Ravencoin at FTX. You can read the news here.

So I think we all got the answer that Ravencoin is a good PoW coin to mine right now.

Aside from RVN, most of the POW coins benefited after the consolidation ended. However, RVN and ETC remained the most prominent ones among the POW coins. Unexpectedly, when ETHW dropped sharply after being listed by exchanges, it seems that many miners are not interested in this coin and people also dump it to make a profit. The future of ETHW is not very optimistic. Personally, I would bet on ETC, I believe this is a good time to mine ETC as well as hold ETC.

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September 19, 2022, 06:09:44 AM
 #32

Concerning raven he had a fever surge a few days, today he lost as has most coins huge value... Regarding ETHPOW for 3 days it suffers a fall that has divided the price by 8... I am a miner currently I mine Kas but in reduced staff 80% of my GPUs are off and I think for a long time... The crypto winter is more and more visible and I am sure that in the long run nothing really profitable will arrive on the GPUPOW market... On the other hand, being a miner is also a passion and money has nothing in there...By the way I 'm paying Electricity fee 0.174kWh
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September 19, 2022, 06:27:45 AM
 #33

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
How about this list https://miningpoolstats.stream/
There you can see the Hashrate increase of the mineable coins, recently I saw the hashrate increase on the Ergo network. Ergo is not listed on major exchanges, on the contrary with Kadena, the founder of Kadena is JPMorgan, I believe these two coins will be the choice of many miners in the future.

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September 19, 2022, 06:51:06 AM
 #34

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/


to be honest ethpow its look like with eth classic nothing special Sad and yes the price most likely will down because its 1:1 for ethhodler and people get for free why not selling it and then the market right now is bearish so it got getting worse

i mean if i were you try to check whattomine first if impossible to mine try mine using ASIC or just sale your GPU right now before the price getting plumet after eth merge success and upcoming GPU is very near

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Cuda911
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September 19, 2022, 08:27:37 AM
 #35

You have been lied to OP, there is no GPU coin that's profitable right now, the terms profitable is either you earning good dollar rate per 24 hours or the dollar rate is down but you are getting more coins every 24hours due to low mining difficulty, right now this is not the case, all my GPUS earned me 1,000,000 shiba inu every 24hours and now it's just 100,000 shib every 24hours, difficulty is insanely high on coins that are not profitable.

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September 19, 2022, 09:11:06 AM
 #36

I have sold majority of my graphic cards when the merge was announced, I knew its going to get bloody because Ethereum was the only profitable coin at the time and others aren't as profitable, now that ETh is no more mineable other small coins will be flooded with hashrate so no profit will be available for anyone.

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September 19, 2022, 09:58:46 AM
 #37

Aside from RVN, most of the POW coins benefited after the consolidation ended. However, RVN and ETC remained the most prominent ones among the POW coins. Unexpectedly, when ETHW dropped sharply after being listed by exchanges, it seems that many miners are not interested in this coin and people also dump it to make a profit. The future of ETHW is not very optimistic. Personally, I would bet on ETC, I believe this is a good time to mine ETC as well as hold ETC.

Judging from the price, it seems like $ETHW has no future than $ETC, but if we refer to the market capitalization, I think that the low price of $ETHW like now is a very good opportunity to make big profits in the future. Moreover, $ETHW is already listed on major exchanges such as FTX, Huobi, Kraken and others.

Whatever you mine after The Merge on Ethereum, I hope you find the right coin for your long-term investment needs.

R


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September 19, 2022, 10:20:18 AM
 #38

After the ethereum merge dogecoin have took the second position as the largest cryptocurrency to operate on the proof of work consensus. This makes dogecoin to be one among the leading cryptocurrency for investment amidst it's role as a memecoin. Dogecoin too an old coin to survive in the market and that makes a good choice for the miners. For sure this will bring good profit, but not a big one at the shortest.

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September 19, 2022, 10:38:39 AM
 #39

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
mining bitcoin is the best solution right now. and if you want to hold ethw it's better to buy little by little from the results of mining bitcoin. because we also will never know which coins will provide huge profits for the next 1-4 years.
although the current market price is very bad but trying to mine bitcoin is not a loss because you can calculate all of the electricity costs and the results you get from mining BTC. but you may have to spend a little more money to upgrade your computer to mine BTC with slightly higher ram

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September 19, 2022, 11:04:14 AM
 #40


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

ETH mining profitability depends on the mining hardware you choose to use, your energy costs, the prevailing hashrate and market conditions at the time of your investment. To find out whether ETH mining is currently profitable, we just need to plug in some numbers. Your electricity cost will depend on how much money per kW/h you pay for your power. You can enter your energy price into a kWh calculator and it will estimate how many dollars you are paying per kWh.

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