Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Fact on October 22, 2017, 01:05:59 PM
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Would like to make a list of these easy to mine altcoins ....
Here's some important info you need to know first:
It is possible to mine any of the Proof-of-Work coins with a laptop. That covers most of the alt-coins in existence. Proof-of-work Hashing algorithms are what make mining possible.
The problem is that millions of people are trying to do the exact same thing as you, so your chances of actually making money from mining it are slim to none.
For mining to be profitable, a person either needs a huge amount of resources and access to extremely cheap electricity or they need to start mining the coin long before it becomes popular.
Some people mine coins that are no longer popular or perhaps even considered dead coins, in the hopes that one day they will become popular again. This strategy is completely hit and miss.
The reason why mining is no longer profitable is because of specialized hardware called ASICs
ASICs : short for Application-specific integrated circuit
ASIC are specialized chips that can do the work 100s - 1000s of times faster and more efficiently than any CPU or GPU.
Therefore any coin that can be mined with an ASIC is completely unprofitable for anyone who does not use ASICs.
Because ASICs are so lucrative they are being developed for most of the Proof-of-work Algorithms.
In response to the rise of ASICs some developers have tried to make Proof-of-work algorithms that are ASIC-Resistant. Altcoins using these ASIC resistant algorithms were initially quite successful. So successful in fact, that other smart people figured out how to make ASICs for them. And so it is has become a vicious cycle.
Here is an tiny incomplete list of Cryptocurrencies and their Proof-Of-Work (Hash Algorythms).
Litecoin was initially designed to be Bitcoin ASIC resitant, until someone developed a Scrypt ASIC.
Dash (aka Dark Coin) was designed to be ASIC resistant, until someone developed an X11 ASIC.
Vertcoin was initially designed to be memory intensive and thus ASIC resistant. until someone developed a Scrypt-N ASIC, so then they changed their Proof-of-Work to use something called Lyra2RE
Monero was another coin designed to be ASIC resistant by implementing CryptoNight. I see that some people have developed a Cryptonight FPGA (FPGA is an early stage before ASIC)
Etherium as far as I know does not have ASICs developed for it yet although it is only a matter of time before either ASICs become prevalent OR they drop Proof of work completely.
ZCash is another coin that was designed to be ASIC resistant. It is unknown whether people are working on ASICs for this coin.
The bottom line is that mining with standard hardware (PCs, laptops etc) is generally considered not profitable and should only be done for educational or entertainment purposes.
Caveat: This is of course unless you are willing to put in the huge amount of time and effort required to research the thousands of alt coins in development and mine the promising ones well before they become popular.
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Monera is good one
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You need to also consider the cost of electricity, if you are in a high cost country not much point trying to mine at all.
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I would not use a laptop for this. This very much wears out the car. I think that from myning my laptop will quickly fail
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Monera is good one
Yes, the production of this coin is loaded by the processor. The extraction of such a coin can be done on a laptop
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I think that you can use a laptop for mining only for coins with a low level of production complexity.
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It seems to me that in addition to Monero on the laptop can not get anything. Too little power, for other coins
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This is a good topic. I'm new to mining. I'll follow this thread for more tips.
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This is a good topic. I'm new to mining. I'll follow this thread for more tips.
If you are a beginner, then maybe you will be interested to visit special websites for mining. Miner gate, for example. There you can download a special program for mining. Just be careful with this
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Why do you need this? You can spoil your laptop. There are many more effective ways of earning a crypto currency
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A good idea. After all, I still work all day for a laptop. This can be used for coin mining
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You can't use a laptop for mining, that's my opininion, it's not worthy.
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Only CPU mining can be done on laptop and i don't think that is going to be profitable
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Is there any coin that is profitable to mine it with quite good CPU?
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it will cost u electricity more than you produce and u will take for ever to make 1$
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Hmmm nice topic
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If you live your laptop 24/7 mining, for sure you are going to burn you processor soon
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if you used laptop better if you have powerful CPU like Intelcorei7 7Gen to make it profitable for mining ;)
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it will cost u electricity more than you produce and u will take for ever to make 1$
I you really sure that it wI'll take forever to make a doolar.
Please enlighten me
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even dogecoin is difficult to mine now, there are tokens that are for staking to collect and earn no need to use high end hardware.
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It is never profitable to mine coins using LAPTOP . It wll kill your system , causing more loss , from electricity to the dage to your laptop .
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This mining of a thing self...how one can learn this in details anyone here can volunteer to help out?
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Mining these days is hard, level of difficulty rises and it consumes so much electricity and resources. Better to consider staking coins instead.
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I mine Bytecoin and Aeon with minergate on my laptop.
Of course this is not my personal laptop, it's a laptop from work and I use it on weekends. ;)
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Would like to make a list of these easy to mine altcoins ....
Here's some important info you need to know first:
It is possible to mine any of the Proof-of-Work coins with a laptop. That covers most of the alt-coins in existence. Proof-of-work Hashing algorithms are what make mining possible.
The problem is that millions of people are trying to do the exact same thing as you, so your chances of actually making money from mining it are slim to none.
For mining to be profitable, a person either needs a huge amount of resources and access to extremely cheap electricity or they need to start mining the coin long before it becomes popular.
Some people mine coins that are no longer popular or perhaps even considered dead coins, in the hopes that one day they will become popular again. This strategy is completely hit and miss.
The reason why mining is no longer profitable is because of specialized hardware called ASICs
ASICs : short for Application-specific integrated circuit
ASIC are specialized chips that can do the work 100s - 1000s of times faster and more efficiently than any CPU or GPU.
Therefore any coin that can be mined with an ASIC is completely unprofitable for anyone who does not use ASICs.
Because ASICs are so lucrative they are being developed for most of the Proof-of-work Algorithms.
In response to the rise of ASICs some developers have tried to make Proof-of-work algorithms that are ASIC-Resistant. Altcoins using these ASIC resistant algorithms were initially quite successful. So successful in fact, that other smart people figured out how to make ASICs for them. And so it is has become a vicious cycle.
Here is an tiny incomplete list of Cryptocurrencies and their Proof-Of-Work (Hash Algorythms).
Litecoin was initially designed to be Bitcoin ASIC resitant, until someone developed a Scrypt ASIC.
Dash (aka Dark Coin) was designed to be ASIC resistant, until someone developed an X11 ASIC.
Vertcoin was initially designed to be memory intensive and thus ASIC resistant. until someone developed a Scrypt-N ASIC, so then they changed their Proof-of-Work to use something called Lyra2RE
Monero was another coin designed to be ASIC resistant by implementing CryptoNight. I see that some people have developed a Cryptonight FPGA (FPGA is an early stage before ASIC)
Etherium as far as I know does not have ASICs developed for it yet although it is only a matter of time before either ASICs become prevalent OR they drop Proof of work completely.
ZCash is another coin that was designed to be ASIC resistant. It is unknown whether people are working on ASICs for this coin.
The bottom line is that mining with standard hardware (PCs, laptops etc) is generally considered not profitable and should only be done for educational or entertainment purposes.
Caveat: This is of course unless you are willing to put in the huge amount of time and effort required to research the thousands of alt coins in development and mine the promising ones well before they become popular.
Thank you for providing such wast knowledge about mining.
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The mining with laptop is not profitable. Even than for experience you try coinpot.co for mining Bitcoin and Altcoin. This is very simple and easy.
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you can stake DeepOnion on your laptop.
read this topic to understand.
https://deeponion.org/community/threads/tutorial-deeponion-staking.2057/
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You can mine Doge, Litecoin, Dash altcoins through Coinpot web site on laptop.
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This is information is really helpful and needed. thanks for the post.
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Lots of people swear on mining Monero on laptops is ok, I tend to mind DCY, BCN also.
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Mining on laptop is no longer recommended.
But I still use laptop for staking some coins
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I have tried mining Monero coins with the most sophisticated smartphones. But it's very slow, even though the speed is maximal. And this has an impact on my smartphone. The smartphone is slow and overheating.
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Mining when the price of crypto has decreased? I think it costs more like electricity. I think this is useless when the market conditions are bad.