Altcoin mining strategy

These include white papers, government data, original reporting, and interviews with industry experts. For that reason, Bitcoin is designed to evaluate and adjust the difficulty of mining every 2, blocks, or roughly every two weeks. It is possible to buy large quantities of cryptocurrencies outright, but based on the volatility of cryptocurrency, trading in your cash for Bitcoin or altcoins could quickly lead to a big loss. Easy enough to understand so far. The current up-front investment and maintenance cost required to solve the mathematical problems makes Bitcoin mining simply not profitable for individual miners using consumer-level hardware. So to figure this out you need to do some light research on a few of the coins from each algorithm.

Getting Started: Selecting the Right Mining Hardware

Been a small miner my self, I have been thinking and testing different ways to be able to achieve long term mining altcoin mining strategy. For every miner out there success can be measured differently. So first thing I did was to set a target I wanted to achieve. All you need to do is to periodically check which is the most profitable currency for your hardware. You can use the Crypto Calculator like the one on your site so see which Coin you should mine as most profitable. Once you start mining your goal is to get the most profitable and sell as fast as possible.

Cryptocurrency Mining Guide: Speculative Mining & Other Strategies

If you have been following my articles the past few months, you have seen we have covered a lot of different coins, using a lot of different mining algorithms. One thing that I feel a lot of mining youtube channels or mining publications do not cover is, how do you know what coin to mine? It is actually more complicated than that, because you need to have a mining strategy before you buy your equipment and begin mining different coins. In this guide I will be explaining how to setup your strategy before you buy your equipment, and what the different mining strategies are once you start mining. Before you decide what card and from what brand you want to buy, you need to do some research and develop a long term plan. Right now their is mainly two different path you can start your mining journey on. That is the first question you need to ask yourself.

Share This Article

Been a small miner my self, I have been thinking and testing different ways to be able to achieve long term mining success. For every miner out there success can be measured differently. So first thing I did was to set a target I wanted to achieve. All you altcoin mining strategy to do is to periodically check which is the most profitable currency for your hardware.

You can use the Crypto Calculator like the one on your site so see which Coin you should mine as most profitable. Once you start mining your goal is to get the most profitable and sell as fast as possible. That way you will get your money back and start generating profits sooner. Search for the best algorithm for your cards and check the coins that use. You can research the cryptocompare. Then there is the forums — bitcointalk.

But the traffic there is so fast that the first 30 pages contain topics the have been updated in the last 15 minutes. So even if a new Equihash crypto hits the forum, it will get pushed back so fast, that only few will see it and searching in that forum is not an option :. So, here is the trick I found to be the best and easiest way to be on the cutting edge of the latest coins from an algorithm. Once a pool adds a coin, it is really easy to setup the same pool for the next coin that uses the same Algorithm.

In the example of Equihash, you can find really new and unknown to the mass public coins like BitcoinZ, Zero, Vote Coin. There usually is a reason that no one knows about it. If you are interested in advertising on our platform, we can offer you several options including banners. Write to us at bhteam crypto-coinz. To add a coin to our platform please send us an email at bhteam crypto-coinz.

To add a pool to our platform please send us an email at bhteam crypto-coinz. We are a young team of developers and security experts based in the EU. The site was founded in and its main goal is to provide crypto financial intelligence to miners, investors, and all people that are interested in crypto currencies.

Crypto Guides. February 2, February 2, Bear1 miningmining strategysmall miners. After setting a target, I found out that there are basically two ways to achieve it. Follow the pools! Find the well known coins that use your algorithm. Find their pools — Open their ANN pages in bitcointalk. Check if there are other coins using the same Algorithm that you are searching .

How Is Litecoin Different?

He was introduced to Bitcoin in and has been involved with it ever. In order to ensure smooth functioning of the blockchain and its ability to process and verify transaction, the Bitcoin network aims to have one block produced every 10 minutes or so. This calculator has only support for Millionaire from bitcoin mining v3 bitcoin generator coins and algorithms. For that reason, Bitcoin is designed to evaluate and adjust the difficulty of mining every 2, blocks, or roughly every two weeks. Instead it altcoin mining strategy a Vertcoin team issued one-click miner. There are several ways to estimate your mining profitability with Ravencoin. I will not list any coins here that fall into these categories, since this is not steategy investment advice article, and it is better if you do your own research and find coins that you personally like. It is also one of the best cryptocurrencies to mine these qltcoin. Large-scale miners are currently making huge gains in altcoin mining throughout our facilities. The majority of cryptocurrency experts pick Ethereum as the top crypto investment right .