Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: philipma1957 on January 25, 2024, 12:47:33 AM
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Simple pool for miners.
Please note you can vote for 6 times as you may be mining all of the choices.
I mine
1) BTC
2) LTC/Doge merge
3) ETC
4)
5) Grin
6) other as I run a hotspot. So I voted for every one but number 4
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1 and 4,
About the 1), I only solo mine BTC and BCH. BCH solo mining makes me living (always swap my BCH to BTC lol), and solo BTC is like a lotterie for me.
I had to stop mining Scrypt when most of my L3 hashboards died one by one. I won't complain, they were over profitable but for now I don't want to buy L7. Phil, do you convert your mined LTC + DOGE to BTC or do you hodl doge? LTC looks more and more like a safe bet IMO for the next bull, even if I don't hold any, I think it could give great profits.
As long as I have my current contracts (electricity), I will continue to support the XMR network. I have a pretty massive hashrate thanks to engineering CPU samples. It would be a loss to mine with a 0,1 or 0,08 usd per kwh, but for now I am far from these ranges so I continue. I will have to stop soon as the price will for sure go up, we will see..
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1 and 4,
About the 1), I only solo mine BTC and BCH. BCH solo mining makes me living (always swap my BCH to BTC lol), and solo BTC is like a lotterie for me.
I had to stop mining Scrypt when most of my L3 hashboards died one by one. I won't complain, they were over profitable but for now I don't want to buy L7. Phil, do you convert your mined LTC + DOGE to BTC or do you hodl doge? LTC looks more and more like a safe bet IMO for the next bull, even if I don't hold any, I think it could give great profits.
As long as I have my current contracts (electricity), I will continue to support the XMR network. I have a pretty massive hashrate thanks to engineering CPU samples. It would be a loss to mine with a 0,1 or 0,08 usd per kwh, but for now I am far from these ranges so I continue. I will have to stop soon as the price will for sure go up, we will see..
Big fan of the L7 and I hodl the doge I mine.
I made a lot on the doge runup back in 2021
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Big fan of the L7 and I hodl the doge I mine.
I made a lot on the doge runup back in 2021
From your experience, are L7s as stable and durable as L3s?
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WE have 3 first batch they are all working fine. Jan 2021 to Jan 2024
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1) BTC
2) LTC/Doge merge
3) ETC
4)
5) Grin
6) other as I run a hotspot. So I voted for every one but number 4
I just wanted to see the results so I chose 6. I just do a freelance job in the crypto market, I don't have enough financial resources and technological understanding to participate in the mining market. If I could, I would choose BTC because of its popularity and guaranteed profits. DOGE is also interesting, but it seems that DOGE's future depends a lot on Elon's personality. Monero is often suggested by mining applications but I also do not believe in the growth potential of privacy coins 8)
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Guys, I'm not mining now, but I used to be and I used to mine on video cards zek coin) Can you tell me if now it is profitable without having a free outlet, I had a lot of friends in mining and all long ago abandoned it, has it really become profitable again without resorting to tricks ?
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Monero is often suggested by mining applications but I also do not believe in the growth potential of privacy coins 8)
Would be off-topic here, but I would be very curious to know why you don't believe in privacy coins. Regulations and laws are always more strict, and a lot of people (including myself) believe that XMR and some other privacy coins give a real solution and that their adoption will grow more in the near future.
We could discuss it in the privacy coin section of the forum if you want ; it could be interesting
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Please note you can vote for 6 times as you may be mining all of the choices.
4)
For me looks like
2)
3)
4)....till 1000 ;D
I'm on BTC alone, anything else makes little sense now, I would need again investment, I would need to deal with the gear and although I could probably squeezer 10KW this year what I lack most is time! I won't be able to deal with those, the S19 I still have are running alone and I only cleaned them once in November, my guts tell me if they go and brake down I'm just going to dump them for parts and that's it!
Guys, I'm not mining now, but I used to be and I used to mine on video cards zek coin) Can you tell me if now it is profitable without having a free outlet,
What does a free outlet mean?
Can you plug 30KW on it and nobody would care or you have like 10kwh a month to spare?
It's not just about having cheap electricity but how much of it!
Would be off-topic here, but I would be very curious to know why you don't believe in privacy coins. Regulations and laws are always more strict, and a lot of people (including myself) believe that XMR and some other privacy coins give a real solution and that their adoption will grow more in the near future.
You can't have adoption with exchnges dropping them and merchants forced to not accept them it will be basically a BTC during SR times, with the same usage.
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Monero is often suggested by mining applications but I also do not believe in the growth potential of privacy coins 8)
Would be off-topic here, but I would be very curious to know why you don't believe in privacy coins. Regulations and laws are always more strict, and a lot of people (including myself) believe that XMR and some other privacy coins give a real solution and that their adoption will grow more in the near future.
We could discuss it in the privacy coin section of the forum if you want ; it could be interesting
I will poll this. I mine grin so a poll would be good.
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I will poll this. I mine grin so a poll would be good.
Great idea, curious to see what some other members will have to say on the matter. :)
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Simple pool for miners.
Please note you can vote for 6 times as you may be mining all of the choices.
I mine
1) BTC
2) LTC/Doge merge
3) ETC
4)
5) Grin
6) other as I run a hotspot. So I voted for every one but number 4
I'm a big fan of DOge merge it's a great project
And also HODL some BTC in my wallet just waiting for BTC to go higher more up to $90,000
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Anyone mining sha256 altcoins ? :)
Like XEC, DGB (lol), BCH etc..
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Anyone mining sha256 altcoins ? :)
Like XEC, DGB (lol), BCH etc..
I had to google what XEC is... ;D
Some of us might be mining BCH even without knowing, a lot of pools offer the so called smart mining option, which would mean that if for a period is more profitable to mine BCH than BTC they will point your hashrate towards that, one of the main reason while income per th/s for btc and bch is almost the same.
DGB...no idea, wasn't that a multi algo coin?
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I had to google what XEC is... ;D
Lol yeah, it is not the most famous coin ;D
I have some laying around, as I tried to mine XEC on Viabtc maybe 2 or 3 years ago, not sure.
DGB...no idea, wasn't that a multi algo coin?
Yeah absolutely! SHA-256, Scrypt, Qubit, Skein, and Groestl algos.... I am wondering who is still giving hashrate to DGB's blockchain, IMO this coin is an perfect example of fail
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What about ethereum classic?
It is still PoW and might have potential.
It is rank 23 in coinmarketcap, impressive! I think they still have active development and a small communtiy
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I am wondering who is still giving hashrate to DGB's blockchain, IMO this coin is an perfect example of fail
To be honest I have no idea how the math works for their hashrate anymore, if rounded a bit the reward and it gets me something as ~$2k per day, in BTC terms would be around 2000 machines?
What about ethereum classic?
It is still PoW and might have potential.
How many 51% have been against this coins, three or 4?
ETH classic is one of those coins that serve as the prime example the market doesn't care about the coin itself but only trading it.
But still, the reward is better than DGB is the math above is correct, at around $600k per day, it's still some money, better than LTC but 1/4 of what doge makes.
If I remember this was what the ipollo asics hype was about, right?
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How many 51% have been against this coins, three or 4?
ETH classic is one of those coins that serve as the prime example the market doesn't care about the coin itself but only trading it.
Many bitcoin forks , like btg and bitcoin Diamond suffered also many 51% attacks.
Forks are much vulnerable to 51% attacks, because they are profitable for professional miners.
Anyway, one more reason why those forks should be worthless...
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Forks are much vulnerable to 51% attacks, because they are profitable for professional miners.
I'm not sure I follow you on this point. For me, the 51% attacks can happen when the total network hashrate is too low, too weak, so indirectly that means it's not profitable for miners, right? Otherwise they would mine the said coin and the hashrate should be strong enough
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Forks are much vulnerable to 51% attacks, because they are profitable for professional miners.
I'm not sure I follow you on this point. For me, the 51% attacks can happen when the total network hashrate is too low, too weak, so indirectly that means it's not profitable for miners, right? Otherwise they would mine the said coin and the hashrate should be strong enough
51% attackers are not exactly mining.
They buy millions of that forked coin. Then they send it to an exchange, sell it and withdrawal btc/usdt. and then make the 51% attack reversing the transaction, now they have 2x what they had.
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51% attackers are not exactly mining.
They buy millions of that forked coin. Them they send it to an exchange, sell it and withdrawal btc/usdt. and then make the 51% attack reversing the transaction, now they have 2x what they had.
But they are mining, they need the other secret chain without or with the tx in question or the reversal will never happen!
For me, the 51% attacks can happen when the total network hashrate is too low, too weak, so indirectly that means it's not profitable for miners, right?
Profitable is not really the criteria.
You can have a highly profitable coin being attacked just because the attacker can buy the needed hashrate for somewhere!
Right now BCH and BTC are just as profitable to mine, at around 10 cents per th/s, but the BTC chain is guarded by 600exa , bch by 3 exahash so 200x more secure, which no surprise is close to the BTC/BCH price ratio.
So rather than the profitability, it's the total amount in daily miner revenue that is the best indicator to how secure the coin is!