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Author Topic: What cryptocurrencies mining can make profit now ?  (Read 177 times)
serinzo (OP)
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August 22, 2023, 06:43:27 PM
 #1

Hello Everyone ,
I am Abdulrahman 

please suggest to me cryptocurrencies that we can start mining on it and make profit
i have no previous experience with mining 

my electricity cost : 0.048 USD/kWh

Thanks & Regards
examplens
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August 22, 2023, 06:57:30 PM
 #2

Hello Everyone ,
I am Abdulrahman 

please suggest to me cryptocurrencies that we can start mining on it and make profit
i have no previous experience with mining 

You need to change the priority a little about what you need to know about mining. First, you need to familiarize yourself with the entire mining process, especially the hardware. Once you understand that, then you yourself will know how to check the profitability.
If you already have graphic cards, probably you can get some info on whattomine.com

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BitMaxz
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August 22, 2023, 07:53:05 PM
 #3

Mining calculators will help you determine which coins are profitable to mine. If you have a GPU rig then whattomine(already mentioned above) but if you are planning to buy ASIC units to mine altcoins then check this tool asicminervalue.com then edit the power cost with your current electricity cost.

For ASIC, Kaspa is currently the most profitable altcoin to mine with Antminer KS3 units.

About GPU I don't know what coins are currently profitable to mine it seems almost all GPU profits have dropped heavily compared to last year.
It's not worth mining on GPU rigs compared to ASIC miners.

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c.h.
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serinzo (OP)
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August 22, 2023, 08:15:44 PM
 #4

Hello Everyone ,
I am Abdulrahman 

please suggest to me cryptocurrencies that we can start mining on it and make profit
i have no previous experience with mining 

You need to change the priority a little about what you need to know about mining. First, you need to familiarize yourself with the entire mining process, especially the hardware. Once you understand that, then you yourself will know how to check the profitability.
If you already have graphic cards, probably you can get some info on whattomine.com

Appreciate your suggestion that really helpful
serinzo (OP)
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August 22, 2023, 08:35:27 PM
 #5

Mining calculators will help you determine which coins are profitable to mine. If you have a GPU rig then whattomine(already mentioned above) but if you are planning to buy ASIC units to mine altcoins then check this tool asicminervalue.com then edit the power cost with your current electricity cost.

For ASIC, Kaspa is currently the most profitable altcoin to mine with Antminer KS3 units.

About GPU I don't know what coins are currently profitable to mine it seems almost all GPU profits have dropped heavily compared to last year.
It's not worth mining on GPU rigs compared to ASIC miners.

Appreciate your response Man you save me

do you suggest to buy " Bitmain -Antminer S9 13.5T SHA256 1280W Asic Miner " To mine Scrypt Coins Like Dogecoin
i see someone offered for sale on and he write its support Scrypt
as i see in calculator its will make  thousands of dollars every day that's why i think something wrong

please check below screenshot
https://prnt.sc/8mxk1ONWsq5Y
https://prnt.sc/x3rIrEAjtOcp

Thnaks man
BitMaxz
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August 23, 2023, 01:51:07 AM
 #6

Appreciate your response Man you save me

do you suggest to buy " Bitmain -Antminer S9 13.5T SHA256 1280W Asic Miner " To mine Scrypt Coins Like Dogecoin
i see someone offered for sale on and he write its support Scrypt
as i see in calculator its will make  thousands of dollars every day that's why i think something wrong

That's a scam Antminer S9 can only mine BTC or any Sha256 coins you will never mine a dogecoin with an S9 miner.

Mining Dogecoin has specific hardware to mine this coin any ASIC hardware that supports Scrypt algo can mine Doge sample Antminer L7.


Be careful on dealing with someone always ask here on the forum if you are dealing with a trusted seller.

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sesterceshop
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August 23, 2023, 06:37:41 AM
 #7

Other than the Antminer L7, you can also check out the Innosilicon A10 Pro+, Whatsminer M21S, Goldshell LT6, Goldshell LT5 Pro, or the Antminer L3+. Just make sure to do your research and calculate the profitability of mining Dogecoin before you buy. The profitability of mining can change over time, so it's important to keep an eye on the market.
serinzo (OP)
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August 23, 2023, 09:41:35 AM
 #8

Other than the Antminer L7, you can also check out the Innosilicon A10 Pro+, Whatsminer M21S, Goldshell LT6, Goldshell LT5 Pro, or the Antminer L3+. Just make sure to do your research and calculate the profitability of mining Dogecoin before you buy. The profitability of mining can change over time, so it's important to keep an eye on the market.

I don't know what the issues always I isee no profit at all in all miners even my electricity it's cheap 0.048 USD /w
sxemini
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August 23, 2023, 10:51:42 AM
 #9

Ok then first learn how to calculate the profitability before you start anything.

Is it so hard to understand how you calculate the profitability on whattomine for example? i mean you must fill in some numbers and thats it.

And this is only to protect you, we saw so many new users in the past, and they are blindet by some numbers and at the end, they loose so much. The question about the S9 and mining scrypt show your current knowledge, and this is not much. So first try to learn more about mining and all around this. It is not so easy as all think.
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August 23, 2023, 04:50:27 PM
 #10

Other than the Antminer L7, you can also check out the Innosilicon A10 Pro+, Whatsminer M21S, Goldshell LT6, Goldshell LT5 Pro, or the Antminer L3+. Just make sure to do your research and calculate the profitability of mining Dogecoin before you buy. The profitability of mining can change over time, so it's important to keep an eye on the market.

I don't know what the issues always I isee no profit at all in all miners even my electricity it's cheap 0.048 USD /w
Start with ASICs on SHA-256 and Scrypt algorithms, if you have the opportunity to make a room and an electrician for these ASICs.
See the profit of ASICs on websites
https://www.asicminervalue.com/
https://www.hashrate.no/asics
Do not buy Bitmain Antminer KS3 (8.3Th), these ASICs drop profit very quickly. But the payback period of ASIC should be no more than a year. Don't forget to consider the Bitcoin halving in 2024.
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September 02, 2023, 12:25:02 PM
 #11

Hello Everyone ,
I am Abdulrahman 

please suggest to me cryptocurrencies that we can start mining on it and make profit
i have no previous experience with mining 

my electricity cost : 0.048 USD/kWh

Thanks & Regards
well with that cost better to maximize btc mining instead with asic, to be honest alt seems less support now, and with that profit from mining you can buy low cap alt to maximize gain for mid term holding
dont forget to paid your electric from mining profit, dont use your money to fund electric,

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Bitcoin_Arena
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September 02, 2023, 11:54:10 PM
 #12

I don't know what the issues always I isee no profit at all in all miners even my electricity it's cheap 0.048 USD /w
I think you are having some issues even using the mining profitability calculators. For example, in the first case you feed in the values under the Scrypt instead of SHA256 which matches with the specific miner you talked of

Secondly, you filled in the wrong values inflating the hashing power, that's why you saw abnormal looking profits.

If you use the right values and algorithm, you will be barely making any profits. In fact, right now it's estimated at -$0.72. That's how it is currently in this market. Mining most coins isn't that profitable

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September 03, 2023, 12:53:43 PM
 #13

If a beginner confuses ASICs and algorithms, then there is a good website for him, where he only needs to set the cost of electricity. Unfortunately, the Nelyaz site uses a price value of 0.048 and only 0.04 or 0.05, but this is not a problem, although it is better for him to use a value of 0.05.
https://www.asicminervalue.com/
Antminer X5 is not in the top for some reason.
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September 06, 2023, 09:06:28 AM
 #14

Embark on the SUNX journey towards a sustainable and profitable mining adventure. For further details and to stay updated, visit our Bitcointalk forum thread at https://bitcointalk.org/index.php?topic=5465819.0.
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