"Best" Coin To Mine?

babygeezus

Just wanted to know your guys' thoughts. New to mining. Any info is appreciated :slight_smile: .

tym3k

Don't mine, it's not profitable unless you have a mining factory in China or something like that.

Amielzky

I think mining is not profitable now, but if you really want to try mining, i suggest to mine ETH. I saw many people mining it

babygeezus

Do you mind going into some more detail? I've read lots about mining different coins, what makes it not profitable?

mmasters

Where is the best place to learn about building a machine for mining?

tym3k

you need special hardware to mine efficiently and that hardware is very expensive. Additionally, you electricity costs are often more or the same as your earnings and even if you earn a bit, you still have to cover the hardware expenses. After that all you earn (after deducting electricity) if profit. But that will happen after a few years and the difficulty is going up.

babygeezus

I'm not buying hardware, I'm simply using the hardware I already have to mine while I'm not using my computer.

tym3k

pc hardware is not really optimized for mining, if you don't have to pay for electricity and want to get some coins for free, then sure you can do it. But otherwise you will pay more for electricity than you will mine.

Paul_Fisch

Mining is profitable right when new coins launch. I made around 1 btc mining zec during its launch weekend.

babygeezus

Will keep that in mind . Well according to everyone here mining isn't too profitable, so I'll just wait till I get my first payout then get out. Thanks guys!

b3no

Oh yes ZEC. I made 20 BTC in the first 20min mining, bunch of AWS machines. The price was crazy!

Pluviophil3

Where is the best place to learn about building a machine for mining?

yater

Anybody have experience with cloud mining?

guy_akanishi

How about burst? https://www.burst-team.us/index.php/how-to-mine/

gingafyd

I harvest XEM, through delegated harvesting. Basically XEM is a long term hold for me anyways, and this allows me to collect additional XEM's for free. Through delegated harvesting my system isn't even turned on, someone else does that part for me. Not making huge profits, but it is a good setup for long term holders.

Claudio

You need a pc and several graphic cards like rx 480 maybe some risers You can begin with minergate it s easy And try to configurate an other configuration for mining in console mode Under ubuntu or win It s not very profitable but when you know how to do you can mine new crypto when they appear or undervalued cryptos and stack them and wait that they rise You can find all informations on internet To begin use a lone graphic card and go minergate Try moondoge with tablet or smartphone if you never did it

Claudio

Yes you can try burst if you have huge hard drive It cost less power and be most profitable A good idea of investment too

selenss

Guys what's mining? lol

psylidon

has someone experiense with Hashing24 mining? Do you think its worth to try?

mmasters

What do you think about cloud mining? A viable option?