BTC Mining

[Shima]

I'm a bit new to BTC and would like to start mining. Is it possible to compare (current BTC price / mining price) with other available digital currencies and see which one is better to start mining?

[1714995039]

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[1714995039]

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[1714995039]

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[beatljuice]

It changes by the minute so reload often. You'll find that Bitcoin is almost always in the top five, while other coins will be number 1 for 2 hours and then be number 23. I'm talking SHA-256 because I wouldn't by any scrypt mining equipment right now because the scrypt ASICs are coming in a few months.

http://www.coinwarz.com/cryptocurrency

Yes, I know there are some scrypt ASICs out now (Gridseed) but I've heard they are a bit dodgy, needing frequent restarts and such. Granted this is just word of mouth and may not be factual.

[go4nature]

With these low bitcoin price mining is not much profitable. You can more money in trading.

[Shima]

It changes by the minute so reload often. You'll find that Bitcoin is almost always in the top five, while other coins will be number 1 for 2 hours and then be number 23. I'm talking SHA-256 because I wouldn't by any scrypt mining equipment right now because the scrypt ASICs are coming in a few months.

http://www.coinwarz.com/cryptocurrency

Yes, I know there are some scrypt ASICs out now (Gridseed) but I've heard they are a bit dodgy, needing frequent restarts and such. Granted this is just word of mouth and may not be factual.

Thank you. I myself thought the same. Bitcoin, for sure, will have a better future.

[ChuckBuck]

At today's BTC prices don't bother.  When it's low like this, just buy and wait it out.

When BTC goes above $600 again, you can invest in mining, but buy miners in fiat not Bitcoins.