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Author Topic: What crypto is the best to start with  (Read 617 times)
whalesburg
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October 31, 2017, 10:41:31 PM
 #21

hey guys im a bit new to this im wondering wich crypto is the best to start with if i wanna mine... my graphic card is  a Nvidia gforce Gtx970
Hello and welcome.


None if you only have one GPU, especially if it's an old one such as the 970. I don't recommend mining until you have well over 100k invested into crypto. And even then, mining is only worth a though if you pay 3-5 cents per KWH. Otherwise don't bother, since you won't be able to compete with the industrial scale mining farms (they drive the price down to the break even point).

thanks. i guess i should focus on the other thing my roomate told me about, the one where you just leave ur wallet always open and at some point i get a pay out im still reading on the subject but thanks for your honestly guys
That's called "Proof of Stake" (PoS) "mining". With that you get an amount that depends on how many coins you have in your wallet. So the more coins you have, the larger your reward will be. Of course that also means that if you have few coins you won't be making a lot.

If you speak multiple languages you could also look into translation bounties for earning some extra coins if that's your thing though. But the most profitable way of increasing your wealth is through investing, so I recommend reading up a lot. If you're strong at Mathematics this will be very easy for you, otherwise you'll have to study a bit harder, but in the end it'll be worth it. I would only go this way if it's interesting to you though, there's nothing worse than doing something you hate just because it makes money.

Yeah, If you have enough coins at your balance and reliable project you are able to make profit fith PoS 'mining'.
PoS is a method of protection in the cryptocurrency which based on the need of evidence storage a certain amount of funds. The algorithm of cryptocurrency are more likely to choose to confirm the next block in the chain account with plenty of funds by using this method.
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antantti
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October 31, 2017, 11:09:19 PM
 #22

970 does 330 sol/s using what 150 watts? Cost $150.

1080ti does 800 sol/s using what 150 watts? Cost $700.

Q: How cheap power you must have to 1080ti roi faster?

OP's PC isn't profitable but as a learning experience it does pretty well.
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October 31, 2017, 11:15:12 PM
 #23

970 does 330 sol/s using what 150 watts? Cost $150.

1080ti does 800 sol/s using what 150 watts? Cost $700.

Q: How cheap power you must have to 1080ti roi faster?

Op's PC isn't profitable but as a learning experience it does pretty well.
I have several 6x and a few 12x rigs and they're just barely profitable these days. I haven't really looked into better coins to mine though.

It's definitely an interesting hobby with a lot to learn from it, but not a profitable one.

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October 31, 2017, 11:19:20 PM
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hey guys im a bit new to this im wondering wich crypto is the best to start with if i wanna mine... my graphic card is  a Nvidia gforce Gtx970

Only takes one hash to find / solve a block... Have a go with that and see how you get on, if you like it / are serios then spend out on a more advanced rig with multiple cards, its a learning curve in itself (mining) but is also fun and profitable...
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October 31, 2017, 11:25:48 PM
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they're just barely profitable these days.

How much are you paying for kWh? Mining is still profitable, actually I'm really surprised it hasn't tanked more.

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October 31, 2017, 11:45:32 PM
 #26

they're just barely profitable these days.

How much are you paying for kWh? Mining is still profitable, actually I'm really surprised it hasn't tanked more.


I'm on a floating rate that has ranged from 3 to 7 cents. It is profitable still, but not very much. I wouldn't really bother with it without being able to get at least 10 full rigs in one pop. At least not for ETH. Not sure how much larger the ROI on some other coins is these days and my rigs are two hours away too, so I don't really feel like changing coins regularly anyways.

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October 31, 2017, 11:57:00 PM
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I'm on a floating rate that has ranged from 3 to 7 cents. It is profitable still, but not very much.

You are still doing an easy $1+/day/gpu. Not a goldmine but still worth the effort.
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November 01, 2017, 12:02:08 AM
 #28

I'm on a floating rate that has ranged from 3 to 7 cents. It is profitable still, but not very much.

You are still doing an easy $1+/day/gpu. Not a goldmine but still worth the effort.

I'm nowhere close to selling my GPUs, but I wouldn't specifically buy any at this point unless I found a coin with significantly higher returns. Still nice to have some "free" monthly paychecks though.

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November 01, 2017, 12:14:57 AM
 #29

I wouldn't specifically buy any at this point

True, what caught my eye was some posters killing 970 as a worthless too old mining gpu.

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