Which coin should u mine right now?

[yazher]

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.

They may be being motivated by the past stories of the people because back then they were just randomly mining Meme coins like Doge and they hit the jackpot. That's possible but the risk of not getting back your capital is pretty high. With the high inflation right in some parts of the world, people are more into taking risks than doing nothing with their money because they have a chance to change the course of their life and they taking advantage of the opportunity to get out of poverty. One of the ways is mining those new coins which might become expensive in the future.

[1714509484]

1714509484

[1714509484]

1714509484

[1714509484]

1714509484

[Shasha80]

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.

If we live in a country where electricity costs are cheap, mining cryptocurrencies can be a very promising way of making money. Especially if
we mine BTC or ETH where the price tends to continue to rise, then we can make big profits from mining. The problem is that in my country
the cost of electricity is expensive, and also my problem is the maintenance of mining hardware which costs quite a lot. That's why my intention
to try mining crypto always never materialized, because according to my calculations the possible expenses that I will spend are greater than
the profit I will get. It means mining crypto is not for me, then from that I'd better choose investing in tops coins and holding for the long term.
Which in my opinion is much more profitable than mining crypto.

[merekamo]

The easiest way to tell if ETH will be profitable in the future is to look at its current price and calculate the return on investment (ROI) of mining it.

If you see that ROI >100% then ETH will probably be one of the top altcoins to mine for quite some time. You can also see how much ETH is mined per day by looking at "gas used" or "gas paid".

If ETH has very little ETH in circulation and is hard to make money on, then it's not worth mining. Likewise if there is a lot of ETH in circulation, then it may be profitable to mine.

[Chainsmokers]

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.

They may be being motivated by the past stories of the people because back then they were just randomly mining Meme coins like Doge and they hit the jackpot. That's possible but the risk of not getting back your capital is pretty high. With the high inflation right in some parts of the world, people are more into taking risks than doing nothing with their money because they have a chance to change the course of their life and they taking advantage of the opportunity to get out of poverty. One of the ways is mining those new coins which might become expensive in the future.

The higher the risk, the higher the reward but the chance of losing is even higher, especially if they would choose to mine unestablished coins over Bitcoin. People nowadays seek hope in crypto mining than storing their funds without profiting. We're in the midst of a crisis and as much as possible, people prefer looking for better ways to earn despite the risks that they will be taking.

currently mining is much more wasteful because it requires a lot of energy to be spent, such as electricity, and of course we have to pay for the electricity,
that's why Ethereum is really making things that can change the world, namely changing PoW to PoS,
I even wonder if Bitcoin can also change the algorithm from PoW to PoS? Of course it will be more interesting if Bitcoin changes to PoS

[posi]

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.

They may be being motivated by the past stories of the people because back then they were just randomly mining Meme coins like Doge and they hit the jackpot. That's possible but the risk of not getting back your capital is pretty high. With the high inflation right in some parts of the world, people are more into taking risks than doing nothing with their money because they have a chance to change the course of their life and they taking advantage of the opportunity to get out of poverty. One of the ways is mining those new coins which might become expensive in the future.

The higher the risk, the higher the reward but the chance of losing is even higher, especially if they would choose to mine unestablished coins over Bitcoin. People nowadays seek hope in crypto mining than storing their funds without profiting. We're in the midst of a crisis and as much as possible, people prefer looking for better ways to earn despite the risks that they will be taking.

currently mining is much more wasteful because it requires a lot of energy to be spent, such as electricity, and of course we have to pay for the electricity,
that's why Ethereum is really making things that can change the world, namely changing PoW to PoS,
I even wonder if Bitcoin can also change the algorithm from PoW to PoS? Of course it will be more interesting if Bitcoin changes to PoS

Do you know what is POW and what is POS? Do you know what is the difference between bitcoin and altcoin? Are you a fan of Greenpeace? If you are a true bitcoin lover then I think you will never think so, if bitcoin moves to POS then in my opinion that is the end of bitcoin, the only decentralized currency we have. POS is not as good as you think, it is a centralized network where you will be dominated and controlled by the big players in the market. The upgrade to the POS of ETH is still a question of whether it is really good for ETH or not?