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Author Topic: Which coin should u mine right now?  (Read 1345 times)

Offline Ramesh Das

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Which coin should u mine right now?
« on: September 16, 2022, 11:11:49 AM »
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

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Which coin should u mine right now?
« on: September 16, 2022, 11:11:49 AM »

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Re: Which coin should u mine right now?
« Reply #1 on: September 16, 2022, 01:39:49 PM »


There are still many PoW digital coins out there so if you are a miner you go ahead and explore the many options under your wrist. Miners know what they are doing and the plan for Ethereum to shift from PoW to PoS did not took place overnight so I am sure that they are all prepared and many of them have already shifted to other profitable mining activities weeks ago.

Offline herorameshdas

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Re: Which coin should u mine right now?
« Reply #2 on: September 17, 2022, 06:44:31 AM »
I'm sure its not profitable with current price equals 10$ - 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.
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Re: Which coin should u mine right now?
« Reply #3 on: September 17, 2022, 07:31:20 AM »
https://miningpoolstats.stream/
I used search data from the website above to see the Hashrate of miners, I think there are many other potential coins to be mined, Kadena I think is good, you can see the full list there and the pool of miners
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Re: Which coin should u mine right now?
« Reply #4 on: September 17, 2022, 07:38:34 AM »
A few years ago, I used Nicehash because I don't need to commit to a particular coin. I just mine the most profitable algorithm and stack BTC, not sure today if they support other coin payments. This way, you don't need to sell a shitcoin in a small market. You can also trade BTC to XRP for example for a cheaper and faster withdrawal, or better with lightning network for free.
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Offline shuvenker999

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Re: Which coin should u mine right now?
« Reply #5 on: September 17, 2022, 08:17:20 AM »
It is a bear market trend, so I think buying directly on the market is the most beneficial. Mining it raw is good, yes but buying them will solve us maintenance expenses and other stuff. Besides if we buy, it is a guaranteed coins/token while if we mine, we need time, pool mining might be helpful but at the current price it points that Buying is way better.

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Offline xaumana

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Re: Which coin should u mine right now?
« Reply #6 on: September 17, 2022, 04:11:16 PM »
I've never been a miner myself, and I can't really say I understand mining economics. But I always thought, if I ever become a miner, I would mine XMR and AR.

Sure, it may not be lucrative... But hey - you can bet your head XMR would never fork to a PoS, so your mining business will have economic security in this regard (lol, no pun intended). Yeah, I guess regulations may lead to XMR delistings... but I don't think current delistings so far had any noticeably bad effect.

Same thing with AR. Basically, if I was a miner, I would like to have security for my business - to know that there won't be some DAO that decides to go PoS all of a sudden and basically force me to shift my whole business model. If I want the venture to be more lucrative, well, I guess I should increase my investment in it.

I may be confused and wrong, again - not a miner. But I'm not far from the idea of becoming a miner and that's how I would go about it I guess.

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Re: Which coin should u mine right now?
« Reply #6 on: September 17, 2022, 04:11:16 PM »


Offline nakmantu99

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Re: Which coin should u mine right now?
« Reply #7 on: September 18, 2022, 04:23:16 PM »
It is a bear market trend, so I think buying directly on the market is the most beneficial. Mining it raw is good, yes but buying them will solve us maintenance expenses and other stuff. Besides if we buy, it is a guaranteed coins/token while if we mine, we need time, pool mining might be helpful but at the current price it points that Buying is way better.

Mining is very expensive and we must buy equipment and pay electricity.
I think I agree with you, at bearish season we should buy and hold.
That's my way to gain profit now.
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Offline Hope4life

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Re: Which coin should u mine right now?
« Reply #8 on: September 18, 2022, 04:37:55 PM »
I know after the eth merge the miners will slowly look for other coins to mine and of course increase the demand which will drive up the price. Some coins to glance at like Ravencoin, Ethereum classic, and Beam. But the thing is mining is expensive caused it's require more hardware to do the work and it's need more energy consumption.

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Re: Which coin should u mine right now?
« Reply #9 on: September 18, 2022, 04:45:08 PM »
Currently, I am not mining for any coins. I even started selling the graphics cards I had. I can say I've done enough damage. Bitcoin caught me at a very bad time. I can say that I will never do mining again.

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Re: Which coin should u mine right now?
« Reply #10 on: September 18, 2022, 11:28:36 PM »
Mining is also investing money and time in the crypto market, so you should choose coins with real potential. Our advice to miners, of course, is to get involved in the Bitcoin mining market. However, at present, some Altcoins are also very potential such as ETC, RVN or FLUX. You should refer to these coins for the best mining plan.
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Offline I-Bit

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Re: Which coin should u mine right now?
« Reply #11 on: September 18, 2022, 11:48:18 PM »
Are you sure that you are ging to me right now? We have seen how mining activities right now is very decreasing. However because of the high cost of mining.
But if you have been ready with he cost and risk, mining Bitcoin is always number 1. Then followd by mining Ethereum and also Doge coin

Offline Jaephoenix

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Re: Which coin should u mine right now?
« Reply #12 on: September 19, 2022, 12:29:28 AM »
think the Ethereum genealogy isn't entirely gone from mining. You still got Ethereum Classic to mine. So point your miner workers to their mining pools and get a-hashing now. I think the difficulty would be low after its initial pump and subsequent correction. Another option is Litecoin. It still has some use cases especially after its partnership with Atari and of course it has a burgeoning community right now

Offline naitik01

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Re: Which coin should u mine right now?
« Reply #13 on: September 19, 2022, 07:05:54 AM »
In my opinion, it is necessary to analyze the coin before taking it. So that before investing its move can be understood and negativity can be studied so that there is no loss in it in the coming time. Any of the top ten coins can be taken first.

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Offline pelana vreo

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Re: Which coin should u mine right now?
« Reply #14 on: September 19, 2022, 07:59:27 AM »


Mining is very expensive and we must buy equipment and pay electricity.
I think I agree with you, at bearish season we should buy and hold.
That's my way to gain profit now.
[/quote]
Mining equipment is expensive, that's what makes the price of Ethereum go up, because many miners are holding holders, I think there are still many coins that can be mined and the price can go up close to Ethereum, this happens because ETH coins can no longer be mined and existing mining equipment can be used to mine the coins on this list https://coinmarketcap.com/currencies/ethereum-pow

 

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