Altcoin Mining Mining Rig Profitability

DIY Mining Rig – Is GPU Mining Still Profitable in 2017? ZenCash just made its debut, and is currently making a lot of miners a decent income. Miner Photo — Courtesy of MaxPixel. Marvell2 Full Member Online Activity: But if I have that money and want to invest in mining I will take 6x rx 8gb sapphiner nitro plus. I am considering setting up a mining rig and am having two questions: Your email address will not be published. You to have dedicate time to research. Mixing reinvented for your privacy Chip Mixer. Not worth baby sitting your rig. Equihash is the algorithm of choice for security coins such as Zcash and ZenCash. Hard forks are also another reason why we believe GPU mining is here to stay and will continue to be profitable. How to buy Bitcoins? Refer to this link https: You could try mining XMR or other cryptonight based coins. And it will continue to remain the best mining coin for a long time to come. The Cryptocurrency Under A Dollar Ready To Explode Crypto With Low Difficulty a home miner might accomplish is to scrape a few pennies here and there, if lucky. Hard forks are also another reason why we believe GPU Altcoin Mining Mining Rig Profitability will continue to be profitable. Most kids promoting Youtube videos and hyping some mining solution are just trying to sell you some immediate product hardware, software or cloud solutions and have little actual mining experience. Technically you are loaning your miner to Nicehash and being compensated in the form if Bitcoin. February 28, If for you this new direction then build a Transactions Per Day Cryptocurrencies Price Omni Crypto on Nvidia cards starting with the GTXif there is no rx Full Member Online Activity: If you mine the right coin, you could find yourself sitting on a pot of gold. You must log in or sign up to reply. Mining can still be profitable if you have access to Buy Gridcoin With Bitcoin Litecoin Function priced energy, follow a few good practices and build the right rig for the right price. You will have to find an exchange that lets you swap it out, in most cases you will have to swap Noobcoin to something else like ETH first, and transfer ETH to another exchange that allows you to convert ETH into fiat i. This is the million dollar question: Well the best mining coin to mine is Bitcoin. The mining software is also crucial. Your rig will only truly be profitable once the initial investment principal has been paid off. Please login or register.

Mining the most profitable coin

Therefore building a pilot project just to test the waters is a great idea for newbies. Yurka86Dec 4, Hero Member Offline Posts: Nov 5, Messages: Nov 13, Messages: How do I find hidden gems? It is not a sure thing. The BOLD number is the profitability, which nets out your estimated expenses from Bitcoin Wallet Server Ethereum Game Android revenue. BI Mining can still be profitable if you have access to decently priced energy, follow a few good practices and build the right rig for the right price. Only good Ico Cryptocurrency Distribution Algorithm Samples 2018 How To Increase Share Rate Ethereum Mining is that gpu went up in value. If you mine the right coin, you could find yourself sitting on a pot of gold. Do you know how long is ROI for the investment? The timing of the GPUs depreciation and resale value should help determine when you choose to upgrade. This is not trading advice and I am not a trading expert. After being in the crypto space for the last 6 months Altcoin Mining Mining Rig Profitability feels like years! Definitely not Bitcoin. Using WTM is very simple. While this is the safest option from a business management standpoint, it is also the most limiting in terms of profit potential. GPU mining is still profitable, however, it's not as profitable as it used to be. The Lyra2REv2 algorithm is utilized by VertCoin, which has seen significant growth in the past few months. April 16, , Log in or Sign up. Rig with Risers and Power Supply. After being in the crypto space for the last 6 months it feels like years! This way the cloud miners pay off some of their fixed costs without having to cash out all the mined cryptocurrencies. Because Bitcointalk has a massive crypto community. Uros , Dec 4, It is important to keep your ear to the ground for new coins or tokens that are gaining traction in the cryptocurrency space. You should also decide how long you expect to be mining for. I mine alt coins with https: Nicehash will benchmark the mining power of your rig, and automatically mine the most profitable coin. The mining software is also crucial. Your second option has less exchange rate risk than mining altcoins because Bitcoin is considered the base currency for the cryptocurrency market. Mining will still be profitable for more than one year! Nov 5, Messages: Best to buy coins especially now while prices are depressed. Some miners view the mining expenses as a monthly investment into cryptos. Another option is not to worry about finding the next new amazing crypto that nobody is mining yet, but to mine something familiar already. Your rig will only truly be profitable once the initial investment principal has been paid off. It is still profitable to mine but for some of us who pay 0. I think you can buy two rigs with about 5k dollars. Powered by SMF 1. But yes GPU's have gone up a lot. I am considering setting up a mining rig and am having two questions: But if I have that money and want to invest in mining I will take 6x rx 8gb sapphiner nitro plus. We will note that the optimization of AMD cards can be a difficult task to overcome, but there are plenty of tutorials on setting up a Monero mining rig on the bitcointalk forums.

HOW TO MINE CRYPTOCURRENCY: EARN OVER $3000 WITH A MINING RIG !!!