Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: Zardbeig on July 06, 2021, 10:47:51 AM
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A few weeks ago, hard drives began to fall in price, and some models are already 2 times lower than the May values. Everything is clear here: over the past month, the price of Chia has fallen by 3 times.
It becomes obvious why there is no hype for hard drives. Even if you imagine that in 2 months you will receive your 2 coins (2 Chia per block), then this will give you only $ 530. While we spent nearly $ 6,000 on 5 drives. With ever-increasing complexity, with a random chance and a falling cryptocurrency in price, it is impossible to return the investment.
So let's think about what other coins we can mine and earn.
1. Dogecoin (https://dogecoin.com/). New blocks are discovered approximately once every minute on the Dogecoin network. For comparison, Bitcoin blocks are discovered approximately once every 10 minutes.
2. Monero (https://www.getmonero.org/). A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR. So, by doing the simple math, we know that 1 XMR is mined every 24 seconds.
3. Crypton (http://utopia-ecosystem.com). You will receive Cryptons every 15 minutes (block generation time). You will also get Proof of Stake rewards on your Minimal Monthly Balance.
On the whole, such coins are worth mining as they're more eco-friendly than Bitcoin is, it requires less time for mining and fewer investments for mining.
Which eco-coin do you prefer more? Or green coins are just kind of hype now?
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Hmm, I don't know. I don't like what is happening in the crypto market. In addition, using the example of chia, I am suspicious of the projects that Elon Musk praised. Also, given the current trends, green projects are likely to be popular. Therefore, perhaps krypton is the best solution. IMHO
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Well, I'm interested if you decided to participate in their new promo action for miners https://www.altcoinstalks.com/index.php?topic=223611.0 ? If you already mine, it would be only an additional bonus for you. As you could also get a part of the prize pool. I think we'll see many new users around Utopia p2p.
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Cool. Thank you for the information, Buddy
I think that I will be happy to take part in this action. And you?
It seems like a very good ability
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Of course, I'm in. I think it's something people were waiting for. As it's a free and good opportunity to get good money in addition to mined coins. And just imagine how much you could mine during 3 months, when you can run up to 50 mining bots from 1 PC!
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You know, I took part in the last AMA, which was this week. And in its course, representatives of utopia have already told about mining. To be honest, I am very impressed with the opportunities that utopia provides. In addition, if we do not forget that the project remains eco-friendly and energy-saving.
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Nice to see when people care about the project and give a feedback to the users. As in case with chia, no one can get any answers. And eco-friendly coins are the future. Thanks to such promo actions, people can learn more about the coin.
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Yes, you are absolutely right, such promos are what the crypto market needs now. Therefore, I am glad that I had the opportunity to take part in it.
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Just don't forget to fill-in the participant's form and send the reports in a mentioned time. As in other case you won't be able to participate in the prize pool drawing and will only get your mined coins as usual.
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Okay I hope that at the end of the promo campaign, more users ' attention will be paid to Crypto and the ecosystem in particular. I believe that the decline of the crypto market is the best time for something new.
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Yes, it is. But no one promised that the coin will rise soon. No one can affect it. And on the whole, I hope that at least the idea of the project will attract new users. As when the mobile application will be released - I believe it will become #1 alt-tech project worldwide.
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It is quite possible. During the entire existence of the Utopiap2p, there has not been any data security scandal. In addition, the software developers do not hide that they support the idea of freedom of speech and anonymity.
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let us be hopeful that the coin's value will rise again anytime soon. just remember that bitcoin has fallen more than three times this year but it is slowly recovering.
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let us be hopeful that the coin's value will rise again anytime soon. just remember that bitcoin has fallen more than three times this year but it is slowly recovering.
That's logical, but you should never compare chia and Bitcoin.. Btw, have you heard about stable anonymous coins? Utopia p2p just launched UUSD stablecoin (https://utopiap2p.medium.com/utopia-p2p-introduces-anonymous-usd-stablecoin-backed-by-dai-f9fc213901db) which is 1:1 to US dollar. Now we have a chance to keep our crypto in a safe position without any risks.
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OFC, buddy! I saw the news about this on Twitter. Well, such an update can not be considered bad. I think that this has a great benefit for users.
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It's something unique at least because it unites privacy and stability in one coin. I don't think there is something similar on the crypto market so of course it will be interesting to see how it will be improved or not. As I've mentioned crypto enthusiasts are not very keen on new coins, no matter if they're unique or not.
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It's something unique at least because it unites privacy and stability in one coin. I don't think there is something similar on the crypto market so of course it will be interesting to see how it will be improved or not. As I've mentioned crypto enthusiasts are not very keen on new coins, no matter if they're unique or not.
Okay, this is very interesting, thank you. To be honest, I don't really understand these subtleties, but your explanation seems to me quite logical. Well, let's look at the reaction of the crypto community to this project.
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To see the reaction, it has to be listed on promising trading platforms first. I think it's the think that devs are working on right now. First steps are the most important for every crypto. Especially while the project is not wide known and is not fully trusted.
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To be honest, I doubt that this will happen quickly. Listing coins on reliable exchangers is very expensive. If the developers have money, the chances of the coin's success grow.
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Only a fool will launch a coin if he has no money for listing. Without that step no one would know about it and of course no one would invest in it. As there will be no chance to exchange or withdraw it. Crypton was listed and now it reached 31K active nodes. It's an amazing result even among the top-10 coins!
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Yes, this is an impressive result, especially for a fairly new project. Well, perhaps this is an indicator that the project is interesting to the crypto community. We need to observe.
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I won't say perhaps, as 30K is one of the biggest numbers around all the crypto world. Now the main thing is to rise the coin rate. I'm not sure that devs will look for the investors, so it would be interesting to look after its improvement.
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Who knows? Any project that starts its development without additional investment always needs a little more time. We can only hope that the number of users interested in the project will continue to grow.
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Thank you for the information which you have provided dear I have a question that I want to do the Crypton mining but when I downloaded it they want my VS address and I do not know that what is it. Can you help me?
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Yes that is true. It also happened to otjer cryptocurrency mining.
Like when in the bearish time, where all prices kf crypto are decreasing or very down, mining will be very difficult and mining activities may be decreasing.
That is why after 2018, mining activities decreased so much because it costs very highly but earn small