{"results":[{"id":19356,"user_id":176,"question_id":585,"body":"1) [https://whattomine.com/](https://whattomine.com/)\n\n2) I would suggest ASIC miners if you have the money. They are more powerful for the price.\n\n3) Yes, not worth it.\n\n4) The main recommendation is to buy coins and hold. Most coins will go PoS. Do a little research. Mining will be obsolete. I sold my rig. Do the math.","create_time":"2018-06-08T08:03:02.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19357,"user_id":4708,"question_id":585,"body":"Ahem, ahem, crypto miner here from _January 2018 _(with just one card, though), it's my time to shine!\n\n1) **The most profitable cryptos depend on the video card(s) or ASIC(s)** you plan to use as mining hardware. I can only speak of video cards as I have no experience with ASICs. If you want to know which coins are most profitable for a certain model of GPU, head over to **[https://whattomine.com/](https://whattomine.com/)**, put a \"1\" in the box next to the chosen GPU, click \"_calculate_\" and you'll obtain a list from most profitable to least profitable crypto. You can actually put the exact number of GPUs you have of each type (for ex. \"2\" 1070 and \"1\" 1050Ti, and so on). Whattomine offers the best estimates I could find around the net, but they are not exact since the website assumes you're running your GPU with suggested overclock settings and at a certain power consumption value. In my case (I mine with my single 1060 6GB) whattomine's estimates are always off by 1\\-2 cents, which is anyway a negligible error.\n\n_About the returns_... Erm... Well I don't have exactly good news. Between December and late January it was still VERY profitable to mine, while right now it's profitable but nowhere near the aforementioned period. I can still mine about 80 euro cents/day while spending 40 euro cents/day, but in January I was still mining for about 1.3 euro/day if my memory serves me right.\n\n2) **To mine you just need a PC**, not even a very powerful one, **and a relatively recent GPU** (I'd go with the **10 series**). If you already have those, no upfront cost for you. If you don't... Well, right now GPUs go for MSRP, RAM is terribly overpriced, the only stuff which costs reasonable money is a Ryzen CPU + motherboard. It's not a good time to build a PC for mining only.\n\nThe recurring costs? **THE ELECTRICITY BILL**, my fellow internet stranger. Go take your utility bill from the closet, spread it open, take ALL the entries whose unit is \"**$/kWh**\" (or \"euro/kWh\", or \"₽/kWh\" etc etc depending on where you are), sum them together and write the result on a piece of paper. Now, **open Afterburner, set a maximum % value for the power consumption of the GPU, for example 60% (it won't go past that 60% while mining)**. **Find the maximum power in W that your GPU reaches in standard conditions** (it's typically written on the manufacturer's page, for example here it's 120W: [https://www.zotac.com/product/graphics_card/zotac-geforce-gtx-1060-amp-edition#spec](https://www.zotac.com/product/graphics_card/zotac-geforce-gtx-1060-amp-edition#spec)), and from that max value calculate the 60% of the max. That will be your GPU's power consumption while mining. **Now, for the rest of the PC, you have to estimate how much power all the other parts consume.** You may use **HWMonitor** to find out how much power your CPU consumes while idle (it's typically around 5\\-15W). For the other components a quick search like \"[https://www.bing.com/search?q=power+consumption+motherboard+ram&pc=MOZI&form=MOZLBR](https://www.bing.com/search?q=power+consumption+motherboard+ram&pc=MOZI&form=MOZLBR)\" will yield many pages with different estimates. Have a look around and **you'll come up with around 60\\-80W more or less** depending on your hardware and your optimism on the matter, hehe.\n\n**You now have the total power consumed by ALL your hardware (GPU, CPU, rest of the PC) in Watts**. Multiply by 24 hours (you'll mine all day, right?) and you'll have an energy value in Wh. Divide by 1000 and you'll obtain an energy value in kWh. Multiply this value by that value in $/kWh you wrote on paper and **you'll have your daily recurring energy cost in $**!\n\n3) I never tried any cloud mining platforms, they are typically **not profitable**: I mean, if I mine a cryptocurrency and I sell it to you, I'm certainly not going to make you pay _LESS_ than its current value, _a bit more_ for sure.\n\nIf you're asking about experiences with mining pools, well if you're going to mine literally any coin that hasn't been JUST launched (and by \"JUST\" I mean no more than 48h ago) then **you'll have to join a pool to earn block rewards**. Going solo is totally unprofitable unless you have a 10+ GPU rig at least.\n\n4) If you're unsure where to start but want a quick buck right now while you learn the ropes in the next couple of weeks or so, **[https://www.nicehash.com/](https://www.nicehash.com/) **is a good place to start. Download their mining management program, it will download all the miner programs it needs and, once you benchmark your GPU(s) with its benchmarking feature, you'll be good to go. I still use it often even though I can edit miner config files just fine and I've joined many pools to mine ETH, ETC, ZCash, BTCP, since Nicehash pays in BTC. If you're going to use it, I suggest you also use their internal web wallet, the minimum payouts will be smaller (1 mBTC, which I reach in about 8\\-9 days with my card right now). Then you may send their payments to a Coinbase account for selling purposes with a 0 fee transaction.\n\nAnother suggestion: **always download the mining programs either from Nicehash** (you can then copy them from the NH folder to whatever folder you desire, alter their config files and have them mine to any pool you decide) **or from their official GitHub pages**. There are many scammers out there, including those who distribute malware disguised as mining programs!\n\n**Coinfoundry is very newbie\\-friendly and has a guided configuration generator** for the most efficient miner of the coin you choose to mine; here is the page for their ETC pool: [https://coinfoundry.org/pool/etc](https://coinfoundry.org/pool/etc) .\n\nThat's all, I guess. Have fun mining!","create_time":"2018-06-08T08:03:03.000Z","reveal_time":null,"status":"PUBL","comment_count":2,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19358,"user_id":5263,"question_id":585,"body":"![: ](https://s3.amazonaws.com/cent-img-prod/76b85bef-c5c6-46f4-8b0b-222f9e792aa0.png)\n\n1 ) xmr , zcash or eth ; profits depend on your rig \n\n2) you can mine with your gaming card (graphics card) or with cpu power (lower then gpu)\n\n3) cloud mining is shady, even though there are some legit one's, they take their \\*fee\\* making it less profitable. \n\n4) mine and hodl , or","create_time":"2018-06-08T08:48:26.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19359,"user_id":5088,"question_id":585,"body":"I would talk only about my experience.\n\nI mine **bitcoin.**\n\n1. I believe other cryptos are more profitable to mine like ether, zcash, etc. But I was to lazy to create a rig from the scratch. With bitcoin you just need to buy an antminer or a dragonmint and thats it.\n1. Just need the antminer/dragonmint and PSU(Power source).\n1. Cloud mining i have never tried but what i've heard of is that doesn't work really well. Mining pools yes i use and do work are necessary when you are going to start mining. \n1. Don't believe that mining it's just plug the computer and mine. The Rigs, CPUs, Antminers, etc. All the time have problems and are very annoying. Be sure that where you are the electricity is cheap and it's profitable to mine. Otherwise I would recommend just to buy the coin you want and HODL.**Cheers ;)**","create_time":"2018-06-08T09:07:16.000Z","reveal_time":null,"status":"PUBL","comment_count":5,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19360,"user_id":4990,"question_id":585,"body":"![: ](https://s3.amazonaws.com/cent-img-prod/d4a47ecf-7cf0-422d-8ca3-b5944e435771.png)\n\n**1 ) Most profitable are : **\n\n- Monero (XMR)\n- Ethereum  (ETH)\n- ZCASH ( ZEC)\n\nMost profitable is zcash but monero is easier for your card, it won't heat up and have longer lifetime . (Subtle profitability difference ) . Return depend on your mining rig .\n\n**2) You will require a computer  (or laptop but pc is better ) with good specs.  A graphic card and electricity. ..**\n\nCost varies \n\n**3) I haven't tried cloud mining as it's shady and i it's less profitable. **\n\n**4) Mining is not profitable if you do it wrong.  **\n\n**You should see POS , and try stake mining. **\n\n**You shouldn't buy any expensive rig as it might not be worth while in the future,  better would be to buy or use a graphics card that you would use for gaming. **\n\n**Finally,  nicehash is great to get you started,  it will automatically mine the most profitable coin and pay you in btc . But they take their cut .**\n\n**Useful links : **\n\n[https://whattomine.com](https://whattomine.com)\n\n[https://www.nicehash.com](https://www.nicehash.com)\n\n[https://steemit.com/cryptocurrency/@tobiasrieper/monero-ethereum-zcash-mining-with-gtx1070-gtx970-which-coin-is-better-to-mine-profit-power-temperature-fan-speed-comparison](https://steemit.com/cryptocurrency/@tobiasrieper/monero-ethereum-zcash-mining-with-gtx1070-gtx970-which-coin-is-better-to-mine-profit-power-temperature-fan-speed-comparison)","create_time":"2018-06-08T09:07:32.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19361,"user_id":3956,"question_id":585,"body":"I can only say my thoughts as a newbie. \n\nBasic, simple, just to get a feel mining can be done on any pc really. But making a profit it not likely. You could take a gamble on a new upcoming coin and hope you mine enough before to many people jump on board. Ive tried this and waiting. Mining to known established coins are not really worth it.\n\nOr you have loads of small performing mining machine mine to a pool? This could be ok for small income and again \"finding your feet\" using pc or if your lucky servers/NAS devices that are idle but on and running anyway. In at this level at the moment and monero seems the best profit for me. I have it running on kit that is on 24/7 and just evening web surfing pc's. Im lucky to have low hashrate NAS devices i can leave it running on. Nearly money for old rope. \n\nOr you could go for a powerful rig where you need to offset your setup and power costs. I dont have experience or much knowledge of this.\n\nI see the best profits from taking a gamble at the moment. Unless you know a dead cert?","create_time":"2018-06-08T09:44:55.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19362,"user_id":4744,"question_id":585,"body":"**1 \\-** For me the most profitable cryptos for mining in my personal opinion are Bitcoins, Ethereum, ADA, Dogecoin and Electroneum.\n\nThe return I can expect depends on the equipment I have for the mining, but I am generally doing it in the cloud and the return depends on the amount of investment you make.\n\n**2 \\- **The appeal of cryptos, at least in part, is that you can use a standard PC for mining. Ethereum, as well as many other cryptomes, use hard hash memory methods, so you need the best mining GPUs with a decent amount of graphics memory.\n\nSo when you're out looking for the best mining GPU you can find, think about the memory the GPU has to offer, as well as its power and cost needs. It's important to keep the value of GPUs in mind, because when you start mining crypto coins with your GPU, like Ethereum or Monero for example, you won't be generating large amounts of crypto coins to start with. Therefore, you should try to mitigate your initial costs as much as possible to maximize your profits and start making your initial investment as soon as possible.\n\nBest GPUs for Cryptomatrix Mining 2018:\n\n\\- Nvidia GeForce GTX 1070: Low power consumption, high hash rate\n\n\\- AMD Radeon RX 580: AMD's Best GPU for Cryptomatrix Mining\n\n\\- AMD RX 480: A previous GPU, but still excellent for mining\n\n\\- Nvidia GTX 1080 Ti: A brilliant but expensive GPU\n\n**3 \\- **If you are currently using 2 cloud mining platforms the first one is Eobot which you can even start for free and then you can invest in what you are mining, or you can make your investment independently by depositing in the crypt you want to increase your mining power.\n\nAnd the second cloud mining platform I use is Hashflare where you can start with an investment of just $1.80 and increase your investment as much as possible so you can increase your mining power.\n\nHere are my links on the above platforms in case you intend to start mining in the cloud and want to register:\n\nEobot: [https://www.eobot.com/user/1020151](https://www.eobot.com/user/1020151) \n\nHashflare: [https://hashflare.io/r/D3869E3F](https://hashflare.io/r/D3869E3F)\n\n**4 \\-** There are many other options for mining in fact there is a software called Minergate that you can use on your PC and mine various types of crypts and there are several online tutorials on the subject.\n\nYou can also mine Electroneum with your cell phone virtually of course.\n\nWell these are the options to the questions I hope my answer is satisfactory as usual.","create_time":"2018-06-08T09:57:38.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19364,"user_id":3816,"question_id":585,"body":"_1) Which cryptoassets are most profitable to mine and what kind of returns can I expect?_\n\n**Mining the undervalued coins generally makes you earn great returns. _In my opinion_  some of them are Ethereum / SIA / Monero. **\n\n_2) What general equipment do I need to get started and what are the upfront and recurring costs?_\n\n**Gone are the days of individual miners with a CPU or GPU. Mining with an ASIC might give you a profit where the upfront cost will be spent on the rig itself and the electricity consumption is the recurring cost.**\n\n_3) Have you tried any cloud mining platforms or mining pools and if so, how was your experience?_\n\n**There are lots of Cloud Mining platforms, Genesis Mining and NiceHash are two of them which have garnered a lot of good public reviews. **\n\n**Personally I used to sell my Hashpower to NiceHash and continued doing that for sometime. **\n\n**The only Cloud Mining platform where I had spent a little amount of money back in 2016 is EOBOT. There are lots of negative reviews  about this multi currency cloud mining platform but personally I have made some money from them with an active account which is still working.**\n\n_4) Anything else you think would be helpful or resources you recommend._\n\n- **MITH.IO came up with the idea of social mining where instead of putting an ICO or an airdropping event they will be rewarding (Likes Based) the users of it_ LIT_ APP with the ERC\\-20 _MITH_ Tokens (Premined).**\n\n- **NIMIQ allows its users to mine NIM directly from the browser.**\n\n- **Bitzfree.com is another cloud mining platform from where I have earned BTC without spending a penny. Recently they switched to BTG**","create_time":"2018-06-08T10:13:37.000Z","reveal_time":null,"status":"PUBL","comment_count":1,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19371,"user_id":3632,"question_id":585,"body":"1 \\- Ethereum, Monero\n\n2 \\- The largest upfront cost is the rigs. Whether you're using GPUs or ASICs, there's a significant upfront cost. Recurring costs include electricity, and also consider overheating of the machines, and possibly your house. However, if you live in colder environments running mining rigs can help supplement or substitute for heating.\n\n3 \\- Cloud Mining is kind of controversial because it's pretty shady because you don't really know what you're getting, and the companies have to make money somehow, so you probably aren't getting the best. However, it's possible the companies probably will have an optimized setup and that's why they charge less, but even then, whey wouldn't they mine for themselves. I've never tried it, but it seems like it doesn't really check out, at least for me. \n\nHowever, definitely mine in a pool. It provides exponentially more consistent income than solo mining.\n\n4 \\- Be aware that if you're mining any of the larger, more difficult coins (anything popular), your ROI, even with big ASICs, will take a long, long time, so you have to be really invested in starting to mine otherwise you won't make your money back.","create_time":"2018-06-08T13:14:26.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19376,"user_id":1751,"question_id":585,"body":"1: I suggest mining ETH at the moment\n\n2: You need money to invest in the mining computer(rig) you will be mining with. It is basically an old school, desktop computer with powerful GPUs, which you can run without a monitor and without some unnecessary components.\n\nYou can of course buy pre\\-made, ready to use miners, with some additional cost, saving you the time and energy needed to build it yourself.\n\nWhat matters most is how much MH/s and W it consumes. The MH will influence your yield, the W are the energy costs to run the miner.\n\nInitial and recurring costs are really difficult to estimate, as they vary constantly, with technology getting outdated very fast, demand thus price of the components changing. The recurring cost is even more difficult to be estimated, since it varies from your local electricity price. What can be calculated accurately though, is the amount it will use, and then you can use that info and do the final math accordingly. \n\nAvg price per 200MH/s mining rig \\- 2500$ at the moment. Varies. For the same MH, price will generally drop with time, but yield as well. Unless other factors come into play such as elevated or decreased buying demands.\n\nAvg consumption of miners : 200W(can go up to 1000W with more powerful and/or less efficient miners).\n\n3: Some cloud mining platforms have built up their reputation, such as Genesis(they have sold out all their contracts atm) and Hashflare(at least this is what I am aware of). This does not guarantee you no risk though. They can go bankrupt, disappear, prices of crypto can go down dramatically, and many of those sites do not actually give you a guaranteed yield, so this is quite unreliable stream of income, unfortunately. \n\nMy personal choice, if I was about to start mining, is get the rigs myself. This way you have more control in your own hands, not to start the topic of decentralizing the mining power among more individual people.\n\n4: I can recommend you 99 Bitcoins website \\- [https://99bitcoins.com/guide-ethereum-mining-how-to-mine-ethereum/](https://99bitcoins.com/guide-ethereum-mining-how-to-mine-ethereum/), the article I linked, as well, many others also. Very valuable website.\n\n![: ](https://s3.amazonaws.com/cent-img-prod/dd772f5d-a6cd-4a76-b131-2f3e8ac4e577.png)","create_time":"2018-06-08T14:07:09.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19377,"user_id":5532,"question_id":585,"body":"So, first of all to let you know, mining, especially with big currencies, has become very competitive. Honestly now it's only large mining farm that are located near cheap electricity that are able to make a bog profit. This being said, mining can still be interesting and somewhat profitable, so this is what you can expect:\n\n![: ](https://s3.amazonaws.com/cent-img-prod/fd8c69a9-7ccd-4a19-b84f-5670db59c65a.png)\n\n1. _Which cryptoassets are most profitable to mine and what kind of returns can I expect?_\n\n**Generally, if you mine coins that or growing or not as popular you will get more profit if they continue their growth, Like I said previously, Bitcoin for example is very hard to mine, especially without investing in a large amount of miners. Btter options seem like Ethereum or Moreno, you could also try to risk a bit and mine smaller coins (this guy mines Loki **[https://www.youtube.com/watch?v=JpN0n0Csi2A](https://www.youtube.com/watch?v=JpN0n0Csi2A)**).**\n\n**(this tells you what is best to mine at any given time:** [https://whattomine.com/](https://whattomine.com/)**)**\n\n2. _What general equipment do I need to get started and what are the upfront and recurring costs?_\n\n**Equipment varies, but like I said, if you want a good profit, unfortunately you are going to have to invest a lot. The best way to go are specifyc miners or powerful gpu's. The costs depend a lot on your electricity cost, here is a useful calculator for all that: **[https://www.cryptocompare.com/mining/calculator/eth?)HashingPower=20&HashingUnit=MH%2Fs&PowerConsumption=140&CostPerkWh=0.12&MiningPoolFee=1](https://www.cryptocompare.com/mining/calculator/eth?)HashingPower=20&HashingUnit=MH%2Fs&PowerConsumption=140&CostPerkWh=0.12&MiningPoolFee=1)**).**\n\n3. _Have you tried any cloud mining platforms or mining pools and if so, how was your experience?_\n\n**I have tried eobot, they are legit and overall a good experience. The contracts last 10 years, but I do not recommend cloud mining unless you are really going to invest a good amount or have in mind very long term goals. Here is my referral if you want to sign up and try, they give you a bit of currency or mining power everyday: **[https://www.eobot.com/user/1629145](https://www.eobot.com/user/1629145)**.**\n\n4. _Anything else you think would be helpful or resources you recommend._\n\n**Especially with cloud mining, be careful for scams. They are not uncommon, and they can seem legit or give some profit in the beginning in order to make you trust them. Research every site or service you use well, and only deposit funds into places you trust!**\n\nI hope my answer was useful, good luck and have a good day!","create_time":"2018-06-08T14:23:31.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19378,"user_id":5675,"question_id":585,"body":"1. Monero in my opinion 2. Google maybe 3. Do not use cloud mining, u better just invest the money in it cos the price is reasonable atm. 4. I still reckon I just buy some monero and just hold it","create_time":"2018-06-08T14:47:03.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19380,"user_id":6607,"question_id":585,"body":"I’m by no means a crypto mining expert but I have tried mining half a dozen different cryptos. I’d highly recommend that you look into mining merit (MRT). The team just launched an awesome light wallet with one click mining built into it and their iOS app just got approved.\n\nThey also partnered with Parachute token so their community is growing daily with parachuters.\n\nHop on the Merit Telegram to find out more: [https://t.me/meritocracy](https://t.me/meritocracy)\n\nMerit website:\n\n[https://www.merit.me](https://www.merit.me)","create_time":"2018-06-08T17:28:24.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19384,"user_id":3598,"question_id":585,"body":"I suggest you drops mining, it is getting too costly to earn enough and there are many competitors out there which invested a lot of money.... ","create_time":"2018-06-08T18:23:28.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19393,"user_id":2799,"question_id":585,"body":"4) Don’t spend any money on mining equipment. If this space is what we think it is, buy the right product instead of purchasing expensive equipment. If you aren’t going to research thoroughly by the expensive equipment and mine away.","create_time":"2018-06-08T20:57:20.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19394,"user_id":2076,"question_id":585,"body":"1. You need alot of GPU power \\- invest heavily\n\n2. You will need to identify Cryptos that are easy to mine.\n\n3. You need to go on Github to find out exactly how to mine a certain Crypto\n\n4. You need to be very patient. ","create_time":"2018-06-08T21:03:56.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19398,"user_id":6608,"question_id":585,"body":"I used the claymore miner with nanopool. It was very easy for a novice like me to set up","create_time":"2018-06-08T23:16:34.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19406,"user_id":5753,"question_id":585,"body":"@pavan: \n\n1)  Currently I am mining Luxcoin from home with my average video card gpu.  I use a free software download called \"Awesome Miner\".  You can pay for an upgraded version to run more rigs and cards, the free version allows 2 rigs to run on the same free version UI.  I chose Luxcoin because it is a hybrid PoW and PoS coin.  I don't have a ton of hashing power, but that is ok, because after I mine the coin I can stake it via PoS in my web wallet or qt wallet.  You are guaranteed to receive @ least 1 Luxcoin per day, regardless of how much you hold.  The people with more coins will receive payments more frequently over low volume holders.  I strongly suggest visiting their webpage on more info on Luxcoin: [https://luxcore.io/](https://luxcore.io/)  \n\n2)  General equipment, is easy, a computer with an AMD or Nvidia graphics card.  Then download the free \"Awesome Miner\" software. Download the free wallets and begin to mine and stake.  It will only cost you electricity and if you need to buy a computer or graphics card now.\n\n3)  Cloud Mining is a pure rip off, DO NOT DO IT.  You will lose money due to the crazy volatility of the Crypto market right now.  After the fees and constant upgrades, just to buy up some hashes, you will lose on your investment.  You will be better off mining as I mentioned above.\n\n4)  Also, I am looking into GIN Coin, another very impressive project.  They are already listed on CMCap as Luxcoin is, they are both already valued over $7 per coin.  GIN Coin here: [https://gincoin.io/](https://gincoin.io/)\n\nTake a good look @ LuxCoin and GINcoin, two awesome projects, amazing tech and very new.  Their mining difficulty is very low and you can find pools that have low hashing, so you can get a better amount of the block rewards.\n\nI strongly suggest using Pick\\-axe Pro mining pool: [https://pickaxe.pro/](https://pickaxe.pro/) or Mining Pool Hub: [https://miningpoolhub.com/](https://miningpoolhub.com/)\n\nLastly, good luck and DO NOT DO CLOUD MINING, it is a RIP\\-OFF.  Mine your own coin like Lux, then stake it.  It is the best thing since sliced bread, lol.  \n\nI hope this helps, take care.  :D","create_time":"2018-06-09T01:40:48.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19407,"user_id":5526,"question_id":585,"body":"Hi @pavan,\n\nSo first all of, what is mining?\n\n**Nodes known as \"miners compete to solve a difficult math question through hashing guesses until they achieve the correct hash.** This makes it a lot more difficult for hackers or dishonest nodes to conduct an attack. The successful miner/pool will then earn a reward (new coins).\n\n![: ](https://s3.amazonaws.com/cent-img-prod/b12c02a2-a7e0-4ddc-87ac-9c3f41c60012.png)\n\nNow to your questions. \n\n1) Which cryptoassets are most profitable to mine and what kind of returns can I expect?\n\nFirst and foremost, there are many existing mining calculators to check the mining profitability of a coin depending on your setup and electricity fee.\n\n[https://whattomine.com/](https://whattomine.com/)\n\n[https://www.coinwarz.com/cryptocurrency](https://www.coinwarz.com/cryptocurrency)\n\n![: ](https://s3.amazonaws.com/cent-img-prod/7baa8407-08d8-4fbc-9228-0b8cd2c7a42a.png)\n\n**Whether or not mining is profitable depends on your setup and electricity cost.**\n\nFor a CPU miner, I wouldn't really advise mining. There is no profit to be achieved in 2018. If you must, I advise mining **Monero,** which is ASIC resistant.\n\nGPU mining opens up a lot more options. As @jamonayy has already said, simply head to [https://whattomine.com/](https://whattomine.com/) and enter your setup details over there. It will offer the best estimates of what to mine and is probably more accurate than my guess. Of course you could just mine **Dogecoin/Monero/Ethereum.**\n\nI personally have no experience with ASIC mining. I do know that it is most commonly used for **Bitcoin** mining. Be aware that there is a lot of competition for bigger coins, so be careful.\n\n2) There are many choices for equipment, but whatever you choose, the only way to achieve profit would be to invest **a lot. **\n\nThe Bitmain Antminer costs 898USD on bitshop usa.\n\nFor GPU mining, you would need a frame to allow you to put multiple GPUs, the more the better. You would also need a cheap CPU, and everything else that comes in a computer. Use **recent high end** GPUs.\n\n3) Cloud mining.\n\nI have not tried this before but here is some information.\n\n[https://www.techradar.com/news/best-cloud-mining-providers-of-2018](https://www.techradar.com/news/best-cloud-mining-providers-of-2018)\n\nCloudmining is split into 2, you either rent a mining rig, or you rent hashpower. Both can be profitable, but both also would cost a lot of investment. Remember when renting a mining rig that you are also paying for rent, and also other costs that would lead it to be more expensive than building one. All forms of cloudmining is long term, so be wary before you start.\n\nEobot\n\nHashFlare\n\nGenisis\n\nare 3 popular platforms.","create_time":"2018-06-09T02:14:49.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19408,"user_id":1416,"question_id":585,"body":"I've been using Genesis Mining for a while now and it's definitely worth it. You should also check out MinerGate, which is free and makes it easy to join a cloud minning pool for a bunch of different coins. ","create_time":"2018-06-09T04:30:44.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19411,"user_id":3448,"question_id":585,"body":"I really recommend reading this article: [https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b](https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b)\n\nEventho I been around since pretty much Bitcoin I never mined anything.\n\nThere is something about the whole concept I have visceral dislike for (but that's just me).\n\nAside that, I have some friends who \\- on the contrary \\- have made this almost into a profession. They tend to mine whatever Nicehash.\n\nMy other buddies in Czech mine ZCash and Equihash stuff and turn good profits, but again, it all very much depends on how much you pay for electricity.\n\nHere's another related interesting article as to the whole madness of proof of work mining and where it's headed: [https://blockexplorer.com/news/large-gpu-mining-farms-lte-interference/](https://blockexplorer.com/news/large-gpu-mining-farms-lte-interference/)\n\nAlso: [https://bitcoinwisdom.com/bitcoin/difficulty](https://bitcoinwisdom.com/bitcoin/difficulty)\n\nBTC hashrate up 5 exahash in just the last 2 weeks.\n\nEach time you make a BTC transaction it's like Godzilla steps.\n\nThis is some truly unprecedented insanity.","create_time":"2018-06-09T07:20:22.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19418,"user_id":3765,"question_id":585,"body":"Get a computer","create_time":"2018-06-09T11:14:07.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19421,"user_id":2999,"question_id":585,"body":"Last time I remember hearing the most profitable coin to mine, Zcash was the highest ranked. You need a good GPU at least, and if they're available, an ASIC. I haven't tried cloud mining, but Nicehash is pretty reliable.","create_time":"2018-06-09T14:20:07.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19427,"user_id":5280,"question_id":585,"body":"_I will tell you the opinion I have on mining after some personal research here and there_.\n\nI firstly heard of **crypto mining** some years ago and decided to not try it because, you know, it's a new thing, who knows where will it go, I'm afraid to lose money or to overheat and break my pc and so on. \n\nFor the next years I checked how the things were going and calculated the **price of electricity** needed to run the pc but in the end I always decide to let the idea go away because I was always busy to do random stuff.\n\nWith last year's **huge spikes** I dived again in researching information. The **margin** between **profit** and **loss** is thin and if something goes wrong you lose money. It's not profitable to have just one pc but you need a rig with several GPUs in order to mine profitably. Especially with all these mining farm that are sprouting everywhere the risk is to **overheat** the pc and gain nothing. Maybe I will **regret** this choice once again in the future but **I don't think mining is really profitable these days unless you are willing to invest a huge sum** both on hardware and electricity. I am not well informed on cloud mining but I'm a bit suspicious about the profitability. I've also heard about **asic** dedicated hardware but im not able to give you much information about it. \n\n_In the end it's an investment on all fronts and you should be aware that you could lose alle the money you invest. I'm not discouraging you but make some calculations before starting! Hope you liked my little story!_","create_time":"2018-06-09T16:31:25.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19432,"user_id":3404,"question_id":585,"body":"Wow, so many long and boring answers, some totally beating around the bush.\n\n1. Look up mining calculators.\n\n2. It depends: ASICs? Good hashrate, higher price. GPUs? Lower hasrate, better price.\n\n3. From what I've read so far, cloud mining does not seem so profitable. As for mining pools, it's better to mine most coins while in a pool. \n\n4. Read everything about hashpower, GPUs, ASICs, pools, fees etc.","create_time":"2018-06-09T20:34:04.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19434,"user_id":3227,"question_id":585,"body":"REVIEW MY ANSWERS\n\n1) Which cryptoassets are most profitable to mine and what kind of returns can I expect?\n\nYou need to check the Calculators, define well you power cost and the equipement you have then the calculators will inform you the best COIN for your HW.\n\n2) What general equipment do I need to get started and what are the upfront and recurring costs?\n\nHere Depends, if you go for GPU you will spend arround 3K€ to have something good, depending your power cost you need to calculate how mutch time you will pay the investment, then you have the ASICs but one more time you need to do some MATH.\n\n3) Have you tried any cloud mining platforms or mining pools and if so, how was your experience? \n\nThis is not profit because they need to earn and in their profit was the money we will receive\n\n4) Anything else you think would be helpful or resources you recommend.\n\nCheck MasterNodes seems to be good for now","create_time":"2018-06-09T21:13:33.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19458,"user_id":5829,"question_id":585,"body":"There are no Basics when it comes to crypto mining. Google, bloggers, etct will all tell you that or make it seem so eas, but if you actually try it yourself, it's a whole lot more complicated than they make it seem.  First thing is figure out which coin you want to try to mine and which algorithm goes with that coin so that way you know if you need a CPU GPU or an Asic.  CPUs are just about a thing of the past  but there's a few coins that you can do but not many. Gpu mining it seems is the most comon, but asics will give you the most return but you'll be out of pocket up front the most.  It seems like a lot of coins or trying to go Asic resistant so do your research there as well but you really want to see if it is profitable to mine a certain coin first and foremost with both the software or Hardware costs and electricity cost but if you're not sure or don't know how to do it don't jump in and buy or spend a lot of money at first.  Familiarize yourself with terminology and try sites like minergate to give u a basics 101,  would be my best suggestions. Happy mining","create_time":"2018-06-10T04:27:26.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19463,"user_id":5754,"question_id":585,"body":"**Some basics of Bitcoin mining**\n\nBitcoin is a decentralized virtual currency and, unlike the fiduciary currency, it does not have a central governing body; This currency is not controlled by anyone and is not generated according to the decisions taken by any country. Bitcoin works in a public network, where users make transactions that other users can follow, which makes it very\n\ntransparent. These transactions are distributed throughout the network through nodes that ensure that all parties involved are aware of any transaction that takes place.\n\nBitcoin has gradually proven to be a crucial element of current financial times, especially with the increasing dependence on technology in all fields around the world. This currency has gained much popularity and is being used in many transactions, including the purchase of other cryptocurrencies. It currently tops the list of the most profitable and popular digital currencies in the world.\n\n![: ](https://s3.amazonaws.com/cent-img-prod/1ea2a2cf-c00c-4c3f-ac01-6b4aea6349de.png)\n\n**Bitcoin Mining**\n\nBitcoin Mining is the Bitcoin transaction verification process in which these transaction records are added to the general population register of the system known as the blockchain. The chain of blocks is framed by the superposition of blocks that transmit information during the confirmation procedure of verification of a particular transaction. The Bitcoin mining process is an integral component of the system; It is responsible for the responsibility of introducing new Bitcoins in the market.\n\nMining can be carried out by anyone; it involves obtaining transactions, compiling them in blocks and tackling computationally difficult tasks in the form of puzzles. A particular task can be carried out by many people. However, the first to solve it is able to add the block to the public ledger. As a result, they are rewarded with transaction fees and an incentive for the new bitcoins.\n\n![: ](https://s3.amazonaws.com/cent-img-prod/342ed576-f9bd-4cab-ac4d-c7ccbac5654d.png)\n\nTerms associated with Bitcoin Mining\n\nHash rate\n\nHash is the scientific issue that PCs used by miners need to unravel; therefore, the hash rate is the speed at which the problem is being explained. Essentially, this is how the mining is completed and the new coins are downloaded.\n\nThe hash rate depends on some factors such as the hardware and the number of miners. The Hash Index can be measured in:\n\nMega hash per second (MH / s)\n\nGiga hash per second (GH / s)\n\nTera hash per second (TH / s)\n\nPeta hash per second (PH / s)\n\n**Bitcoins in a block**\n\nEach block in the network provides a reward to the miners once the transactions have been verified. Moreover, the number of bitcoins that are released for each resolved block varies and decreases every four years. The change is produced by halving the number of bitcoins released. At its conception, the number of bitcoins released in each block was 50 and have gradually been reduced by half to the current 12.5 bitcoins per block. This practice, together with the difficulty of extracting bitcoin, is established in the Bitcoin network to ensure that the final bitcoin currency is extracted in 2140.\n\n![: ](https://s3.amazonaws.com/cent-img-prod/85b739cc-c25c-419a-b9fe-bc538ca59f62.png)\n\nBitcoin Mining Difficulty\n\nThe Bitcoin mining difficulty works hand in hand with the hash rate. The Bitcoin network operates in such a way that a constant number of bitcoins is created at regular intervals of the extraction procedure; normally 10 minutes. Subsequently, this implies that an increase in the hash rate makes it difficult to extract the bitcoins. The fewer miners, the less difficult it is to extract.\n\nHow Bitcoin Mining works\n\nBitcoin mining is basically the process by which new currencies are presented to the market. The term mining is used in this case to refer to the process of discovery and acquisition of coins. This process reflects the traditional processes of mining and, in particular, gold mining; both introduce new coins and are extracted from their cores and, what is more important, they are rewarding.\n\nThe bitcoin mining process requires that any person or organization interested acquire a set of hardware and invest in its management. Technically, this means that a fast computer that can execute many calculations per second is necessary for an effective miner. However, the power consumption of these computers and their cooling systems can sometimes be a bit expensive in relation to the benefits generated.\n\nIn the technical sense, the bitcoin mining process involves the execution of a cryptographic hash function through a mining hardware in a block header. This is simply to use mining programming to use arbitrary values ​​to calculate the solution of the crushing function. The subsequent value or hash must be equivalent to or less than the coveted agreement. In addition, you need a specific number of zeros at the beginning. These calculations are executed as many times as possible within the system. The first miner who acquires the desired result manages to put the block in the chain of blocks and claim the reward; this usually occurs once every ten minutes.\n\nIn the early days, normal desktop computers with CPUs had the ability to support Bitcoin mining. With the increase in the popularity of Bitcoin and a significant increase in the monetary value of Bitcoin Mining, this had to change.\n\n**The evolution of the Bitcoin Mining hardware**\n\nGPU\n\nThe Graphic Processing Unit was introduced about 2 years after the start of the Bitcoin network. The GPU replaced the Central Processing Unit, which had proved to be inefficient and slow. There was a significant change in the number of mined Bitcoins; GPUs provided between 50 and 100 times more power for mining. One system in particular, the ATI Radeon 5870, was the GPU of choice, since it was the most cost\\-effective system.\n\nThere are three main types of cloud mining that include:\n\nMining hosted virtually\n\nLeased hash power\n\nMining houses\n\n![: ](https://s3.amazonaws.com/cent-img-prod/07d7cb04-ea01-40bd-98bf-a67b33c691c0.png)\n\nThe mining of Bitcoin is a difficult task, since it is expensive and time\\-consuming. This is the desired property that the developers of the network intended to maintain, since it is the property that guarantees the security of Bitcoins.\n\nBitcoin mining can be considered a very lucrative investment, but the benefits can only be obtained through a heavy investment in the necessary hardware for mining. This is because in the long term, more people will become miners and therefore there will be fewer coins available per miner since the levels of difficulty will increase causing a greater loss of energy among the miners. Bitcoin price fluctuations could also pose a threat, since low prices cause losses even for successful miners in each block. Thus, the purchase of Bitcoins remains a better option for small\\-scale investors, while Bitcoin mining remains the territory of large\\-scale investors or security\\-minded miners who are not interested in the benefits of mining.","create_time":"2018-06-10T06:08:30.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19467,"user_id":5799,"question_id":585,"body":"What are the basics of mining crypto?\n\n1) Understanding the protocol they use \\- proof of work or proof of stake. \n\n2) knowing the underlying hash function and how your hardware will be useful for it. \n\nI want to know:\n\n1 and 2\n\nDepends on hardware you have and what coin you choose and how to opt to mine \\- solo or in pool. \n\nFor instance for Bitcoin that uses sha256 nothing below ASIC will yield considerable profit. For coins using equihash algorithm like zcash , zencash, zclassic , btg and hushcoin graphic cards with high ram and high memory bus rate will be best. Though you should also look for power consumed by that GPU and cost of electricity in city you are mining.  You can use Nvidia 1060 and 1080 tu as they are most efficient. For gaining most profit from cryptonight alogrithm that is monero and monero original you may prefer AMD CPU. We can discuss the hash functions and how the parllel cores and core memory are linked if you want to dig deep. \n\nYou can go on website whattomine to see which coin will give most profit with your hardware setting and electricity cost. \n\nAlso the whattomine website is not entire story. In order to maximize profit you should choose if you will mine solo or if you will mine in a pool. Coins with low difficulty that can give you more block reward per day than your costs should be mined solo. Coins with high difficulty should be mined in pool. Also in pooling you should check if you want to go for pay per share or pay per last n shares. The second one is always more profitable if you see pool produces atleast one or two block rewards per day. Again this needs its own thread for discussion but this is the basic crux of it. \n\n3) Have you tried any cloud mining platforms or mining pools and if so, how was your experience?\n\nCloud mining isn't much profitable. If you do want to go that way, think of renting very high hash power on nicehash (rather than cloud mining contract) then mine solo. \n\n4) Anything else you think would be helpful or resources you recommend.\n\nWell you tell , what else would you like to know? ","create_time":"2018-06-10T12:19:08.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19480,"user_id":6535,"question_id":585,"body":"Am currently mining Electroneum and Graft I think Electroneum is currently profitable. All you need is a Good Gpu at least combination of any Nvidia GPUs can earn you some profits, Electroneum mining is pretty easy to set up. Currently am mining on Spacepool. On one of my 1050ti I get at least 14daily after the upgrade. I believe to make profit in mining now you have to go for upcoming Cryptocurrencies. With few miners.","create_time":"2018-06-10T18:42:19.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19514,"user_id":5016,"question_id":585,"body":"\\* THE BASICS OF CRYPTOCURRENCY MINING.\n\nThe cryptocurrency market was absolutely on fire in 2017, delivering what might be the best year for any asset class on record. After beginning the year with an aggregate market cap of just $17.7 billion, digital currencies combined to finish the year at $613 billion, representing an increase in value of more than 3,300%.\n\nYet most people don't understand much about virtual currencies. Sure, more people than ever have probably heard about bitcoin, and they may have heard about some of its closest rivals by market cap, such as Ethereum and Ripple, but they don't have the faintest idea what purpose they serve or how they really work\n\nIMAGE SOURCE: GETTY IMAGES.\n\nWhat is cryptocurrency mining?\n\nCryptocurrency mining is one of the most commonly used methods of validating transactions that have been executed over a blockchain network. Not only does blockchain work to protect transaction data through encryption, as well as store this data in a decentralized manner (i.e., on hard drives and servers all over the world) so as to keep a single entity from gaining control of a network, but also the primary goal is to ensure that the same crypto token isn't spent twice. In effect, \"mining\" is one means of making sure that cryptocurrency transactions are accurate and true, such that they can never be compromised in the future.\n\nHow cryptocurrency mining works\n\nCryptocurrency mining itself refers to a type of validation model known as \"proof\\-of\\-work\" (PoW). There are two common validation types, and we'll look at the other, known as proof\\-of\\-stake, in a moment.\n\nIn the PoW model which bitcoin, Ethereum, Bitcoin Cash, and Litecoin use, or businesses compete with one another with high\\-powered computers to be the first to solve complex mathematical equations that are essentially part of the encryption mechanism. These equations correspond to a group of transactions, which is known as a block. The first individual, group, or business that solves these transactions, and in the process validates the accuracy of these transactions within a block, receives a \"block reward.\" A block reward is paid out as digital tokens of the currency that's being validated.\n\nAs an example, the current block reward for bitcoin is 12.5 tokens. That means whoever is the first to correctly solve equations for a block is paid 12.5 tokens. With bitcoin near $9,500 per coin, that works out to a nearly $119,000 haul.\n\nHard drives and graphics processing units attached to a monitor. \n\nIMAGE SOURCE: GETTY IMAGES.\n\nAre there disadvantages to the PoW model?\n\nThere are two major concerns attached to the PoW model. First, it's an extremely electricity\\-intensive practice. To mine virtual currencies, massive mining centers with graphics processing units and/or ASIC (application\\-specific integrated circuit) chips are set up to handle this validation and processing. The electricity costs, depending on where an operation is located, can be enormous. It could also, in theory, be a drain on local or national electric grids, depending on how large digital networks and mining farms become.\n\nThe other issue is that the PoW model has a security vulnerability, at least for smaller digital currencies. Any individual or group that can gain control of 51% of a networks computing power could essentially hold that network and digital currency hostage. Networks the size of bitcoin, Ethereum, and Litecoin have next to nothing to worry about. However, newly issued coins with fewer participants could be susceptible. \n\nIs all PoW mining the same?\n\nThough cryptocurrency mining might often be lumped in as one big free\\-for\\-all, there are differences in the equipment being used to validate transactions. For bitcoin, miners need to use highly specialized and expensive ASIC chips because of the difficulty in validating bitcoin transactions. Meanwhile, most other virtual currencies allow miners to use some variation of graphics processing units from the likes of NVIDIA or Advanced Micro Devices to proof transactions. However, the difficulty in this mining can still vary from one cryptocurrency to the next.\n\nIMAGE SOURCE: GETTY IMAGES.\n\nWhat's the alternative?\n\nEven though there are technically a number of proofing alternatives, the biggest competitor to the PoW model is the proof\\-of\\-stake (PoS) model. With PoS, there are no high\\-powered computers and mining farms sucking up electricity to validate transactions. Instead, stakeholders of a digital currency receive the randomized right to validate transactions. In plainer terms, the more of a cryptocurrency that you own, the more likely it is that you'll be chosen to validate a block of transactions. Those who are chosen don't receive a \"block reward\" when complete. Instead, they receive the aggregate fees from the transactions that were proofed.\n\nThe obvious advantage of this platform is that it's considerably lower cost. There's also no worry that hackers will gain control of 51% of a network's computing power with the PoS model. For hackers to gain control of a PoS\\-backed network, they'd need to control 51% of all outstanding virtual coins, which could get quite expensive.\n\nThen again, it's not perfect. Arguably the biggest issue with the PoS model is that major stakeholders can have a much larger say in the future path of a digital network. Whereas PoW networks are massive and incorporate the opinions of a lot of people, PoS networks lose some of the decentralization that makes cryptocurrencies special, thusly allowing larger players to shape future technical and economic pathways for a cryptocurrency. \n\nIt's tough to say which method developers will prefer in the years to come, but at least when someone talks about \"cryptocurrency mining\" in the future, you'll know exactly what they mean.","create_time":"2018-06-11T11:52:42.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19537,"user_id":4791,"question_id":585,"body":"eth","create_time":"2018-06-11T20:30:27.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19577,"user_id":2061,"question_id":585,"body":"Since Bitcoin is the first cryptocurrency that dictates the destiny of all others, I am gonna use it as an example …\n\nBitcoin mining is simply just converting a sha2 hash (of a block with some random data added on) into an integer and seeing if it is less than some value. Finding that number is, computationally, very difficult.\n\nOnce that is found, a new block is added, and the finder is free to add bitcoins to their own wallet.\n\nEvery block a miner creates also includes a special transaction called the coinbase, which transfers brand new bitcoins from nowhere into an address belonging to the miner. So the miner gives bitcoin to himself, and that's a very important aspect to bitcoin.\n\nWhen you are the first to come up with a valid block, you've basically dictated what it said.\n\nThese mining solutions are a) attached to a new block of transactions, and b) proof that someone spent a large number of computing cycles on it after seeing the previous block update.\n\nTogether, those ensure that the entire network agrees on the transaction order, thus resolving attempts at double\\-spending. It ensures this by telling everyone to trust the unbroken transaction record (\"block chain\") with the most total computation invested in it. Since everyone can verify how much computation that is, you can trust that everyone throughout the network will agree on what order transactions happened in \\-\\- and thus which one to go with if a coin is spent more than once\n\n**You might think that miner can do whatever he wants**: give himself a thousand coins, create fake transactions, etc, and there's no central power to stop him...\n\nThe crucial piece to the puzzle though is no one else on the network will recognize his fake coins/transactions \\- if the vast majority disagree with him, he is ignored.\n\nEvery single person on the network is the \"central power\" that stops him.\n\nThe other key to the system is that each new block is based off some previous block, and the \"correct\" (currently accepted) state of the system is the longest chain of blocks.\n\n**Since it's so hard to solve blocks,** the farther back in the main chain a block is, the higher the probability that it will always remain in the accepted chain.\n\nBitcoin is just simply a distributed record of money transactions stored in a chain blocks.\n\nThe only catch is the SHA2 hash of each block must be less than some value meaning that miners have to bruteforce calculate hashes of the block by randomizing some data in it until it passes.\n\nBecause of the hashing, it is secured from being tampered by other people on the network so it can be trusted.","create_time":"2018-06-12T07:15:28.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19595,"user_id":4645,"question_id":585,"body":"Great questions and answers. Although I am not into mining, I know a guy who mine 1 BTC when it was really cheap and sold it for like $1500. Must be kicking his own ass now.","create_time":"2018-06-12T07:50:15.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19656,"user_id":6662,"question_id":585,"body":"**1) Which cryptoassets are most profitable to mine and what kind of returns can I expect?**\n\nThis answer to this question depends on many factors such as existing resources, cost of electricity, and the speculative nature of the cryptocurrencies and the opportunity it provides. \n\nYou have to look into specific on the type of cryptocurrency, its underlying function and algorithm, the price actions of the market and its use case.\n\nWhen most people referred to mining cryptocurrencies they are referring to the cryptocurrencies with Proof of Works (POWs) system, which relied on using your computer power (GPU or CPU based) to solve algorithms within the block to compute the transactions and then get reward in transaction fees whether from new block generation or transaction fees (miner fees) paid by those who use the network. \n\nThis requires the miners to leave their devices that generate hashing powers (CPU, GPU, ASICs, etc.) online and consume a lot of electricity.\n\nExample of the above can be given to crypto assets like Bitcoin, Ethereum, and Monero.\n\nThen you also have Proof of Stake system, which use the ownership of the assets to validates transaction and then get reward for it from generating new blocks or get paid in transacion fees. Example of these POS coins are PIVX, OKCash, and ReddCoins.\n\nThis will requires the miners or stakers to leave the device with the wallet online. Thus, you do not a device with high computing power and it will cost less in term of investment in equipment and electricity. However, it will require you to put your investment toward the type of cryptoassets you choose to stakes.\n\nYou also have cryptocurrencies that use both feautures like DASH that use both POWs and POS Masternode to provide double layer of security in their transaction.\n\nIn addition, there are also the type of cryptoassets that use Delegated system, in which is similar to POS system, where you own an assets and get paid in dividend as a representation of owning the value in network In this case you just have to own the assets and will earn additional assets, whether your device is online or offline. Example of these coins would be NEO and also upcoming Ontology.\n\nI would say the most profitable type of coins to mine will depends on your situation and the strategy of you are liquidating the coins back to fiat cash. \n\nFor example, if you were mining Bitcoin back in 2011 and sell them right away, you would be achieve small profit versus mine and hold and then sell in December 2017, where the profitability is the greatest at a given time. \n\nIn comparison, mining Bitcoin is more likely to incurred short term loss as it is consume a lot of electricity. However, if the price of Bitcoin appreciate in the future, you could be in the profit.\n\nPersonally, I would mine Monero and any other Cryptonight V7 script blockchains and hold them off to be sell in later years as the price might appreciate in the future.\n\nI would also invest in POS or Delegated System assets that have potential use in the future and let it generate over time and sell them off later for more profit.\n\nIf you mine or stake and sell right away expect your rate of return to be breaking even or small amount of profit. Mine and hold most of your coins and sell them off later as appreciative assets.\n\n**2) What general equipment do I need to get started and what are the upfront and recurring costs?**\n\nAs I mentioned above, this will depends on the type assets you would get into and how big of the operation you would want it to be.\n\nFor POWs without ASIC miners you will need mostly GPUs units (Graphic Cards), which is over priced at the moment. I would say you need at least US$2,000 to generate any reasonable return in form crypto assets that you want.\n\nYou can use normal PC to mine Monero, but it will not generate a lot in comparison to a mining rigs with dedicated GPU units.\n\nFor ASICs, you will have to buy the specific ASICs to mine certain type of cryptocurrencies. I would recommend browsing the ASICs miners from Bitmain, who have units for Bitcoins and Litecoins and other currencies.\n\nThus, for POWs the initial cost will be the cost of the devices (US$2,000 or more) and then the cost of electricity and internet, replacement of device, and other such as Pool Fees, etc.\n\nFor POS and delegated coins, you will just need a PC and an investment into certain type of assets to stake within the network.\n\nThus, the initial cost will be the amount of money you put into assets and then leave it to stake in your wallet. The recurring cost will be the electricity and internet to leave that PC with the wallet online. \n\n**3) Have you tried any cloud mining platforms or mining pools and if so, how was your experience?**\n\nI would take most cloud mining platforms with cautions as most of the run a ponzi schemes with the exception to the few businesses.\n\nFor the most part, if you mine with POWs, you will have to join the pool because solo mining is almost impossible with most coins. My experience is good so far, I mine Monero with supportxmr pool, and never have any problems. I got paid with Moneros into my wallet everytime I reach my threshold and the fees they took out is very reasonable.\n\n**4) Anything else you think would be helpful or resources you recommend.**\n\nI would started off with Monero since it has low entry barrier for miners and their subreddit for Monero Mining is very friendly. Once you have experience then start mining something else.\n\nGood luck on your journey of mining and help supporting cryptocurrencies community. ","create_time":"2018-06-12T22:05:02.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19664,"user_id":6667,"question_id":585,"body":"1) Which cryptoassets are most profitable to mine and what kind of returns can I expect?\n\nIf you want a stable reliable crypto, LTC is it, since its price volatility is no where near that of BTC. If you have SHA\\-256 asics lying around and are in it for the long stretch, check out LCC as well, otherwise BCH is a good bet.\n\n2) What general equipment do I need to get started and what are the upfront and recurring costs?\n\nFor LTC, you can now pickup L3+s at a steal. If you are getting SHA\\-256, asicminer is something to look at before you shell out cash for the S9i or holdout for the S11. Things to really consider are your electrical and cooling setup. Speaking of cooling, check out the water cooling setup from syscooling.\n\n3) Have you tried any cloud mining platforms or mining pools and if so, how was your experience?\n\nI have not tried cloud mining, but it seems like kissing through a condom, without the decreased pleasure factor and most cloud mining ops seem really shady.\n\n4) Anything else you think would be helpful or resources you recommend.\n\nIf power costs are an issue, make lemonade with sours. One idea I am playing with is generating power from exhaust air out of the hot chamber of my mining room setup. What nudged me was a setup by Hugh Piggott. Here are some other links that caught my eye:\n\n[https://homesteading.com/diy-wind-turbine-generators-living-off-the-grid/](https://homesteading.com/diy-wind-turbine-generators-living-off-the-grid/)\n\n[https://www.popularmechanics.com/science/environment/how-to/g118/make-your-own-miniature-wind-turbine/](https://www.popularmechanics.com/science/environment/how-to/g118/make-your-own-miniature-wind-turbine/) \n\n[https://www.scoraigwind.com/pmgbooklet/itpmg.pdf](https://www.scoraigwind.com/pmgbooklet/itpmg.pdf)\n\nGetting into mining has really guided me into going beyond IT into other innovative areas.","create_time":"2018-06-13T00:32:24.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19666,"user_id":5269,"question_id":585,"body":"**1. **Your profitability with any asset will be a _almost _direct result of your costs to mine (e.g. hardware and electricity).  However the _caveat _to this if you are lucky enough to mine a coin that subsequently moons in value.  All _known _coins have lots of competition right now, even in a bear market.  I would recommend an lesser known coin like Ravencoin.  If you have to buy brand new hardware and pay for electricity prices in most places in the developed world you ROI will not be that much greater than your setup costs for at least the first year.  \n\n- Find a place that has cheap electricity\n- Try to buy used equipment\n- Mine a coin that isn't so valuable right now but that you think has a good protocol and will increase in usage and value over time\n\n**2. **To do non ASICs mining you will need to either build your equipment up, Motherboards, processor, ram, GPUS, PSU, or buy a pre\\-fabricated rig. A cheap RIG will be over $1000 and could cost up to $3000.  Again try to buy used equipment wherever possible.  If you want to mine ASICs cryptocurrencies you unfortunately have only options of a few companies.  Plus you will might be faced with minimum order number.  The recurring costs won't be much for hardware, other than the electricity. Unless you are running the mining software from source code you will probably want to using a miningOS like simple mining, which you will have to pay around 2$ per rig per month. You also must realize that miners have a max 2\\-3 year life before you will have to repurpose them to mine another coin, or sell the parts, because the hashrate and technology for most of these chains keeps getting more difficult.  Think economies of scale and go big or go home.\n\n**3.  **I have used cloud mining and it can be a good option if you 1. don't have space or don't like hearing the mining noise in your house. 2. can't get cheap electricity.  However, similar to purchasing ASICs machines from manufacturers you must realize they are running a business and if they could generate more income mining themselves the probably would.  Don't expect your ROI to be much higher than your initial investment, unless of course you can determine a coin to mine that is not that difficult but will increase in hashpower and value over time.  In 2015 it was easy to mine 5 Ether a day, but with the same equipment now it would take 5\\-years to mine that much Ethereum.\n\n**4.  **Try to decide how much it would cost you to invest to start mining and then think about if you would invest that much money in a cryptoasset today.  It might very well be that you could get comparative returns from just buying and holding the asset.  If you are interested in the tech, then start out with a Rig and see how you like the experience, but don't expect it to be anything other than a hobby.  If you actually want to make money off of mining at this point IMHO you need to treat it like a business and scale it as big as you can in order to maximize your return.","create_time":"2018-06-13T02:21:27.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19682,"user_id":6671,"question_id":585,"body":"1、挖矿的收益取决于挖出来的币价与投入成本的差。投入成本包括不限于硬件成本、电力成本、维护成本等。而币价每天都在变动，很难计算出稳定的收益比率。只能基于前期挖矿的盈利来估算预期。\n\n推荐一个挖矿收益计算的网站，可以估算下各种主流币的收益。\n\n[https://www.smzdw.org/](https://www.smzdw.org/)\n\n另外推荐一个基于dag技术的新币种，xdag。website is  xdag.io\n\nyou can mining xdag with cpu or gpu,just your computer can mine the coin,it is the early begining of the coin,maybe xdag will be next bitcoin in the future.\n\n2、币种不同，挖矿算法不同，使用的硬件设备也不同。\n\n较为主流的设备分为ASIC 矿机、GPU矿机以及各类专用矿机。\n\nyou can find all kinds of mining machines on [https://www.bitmain.com/](https://www.bitmain.com/)\n\n3、云挖矿平台没有尝试过，不知道安全性怎么样。\n\n如果挖BTC、ETH之类的主流币种，不加入矿池的话，基本上很难挖到的。每个矿池分配收益的比例不一样，可以选择适合你的设备和接入方式的。\n\n4、硬件挖矿的算力基本都被大的矿池垄断了，个人可以尝试内容挖矿，通过一些内容平台输出来获得相应的代币奖励，也算是一种不错的挖矿方式。\n\nfor example,you can post all kinds of blog on steemit.com to earn the steem token.","create_time":"2018-06-13T08:03:42.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19707,"user_id":2123,"question_id":585,"body":"Blockchain Mining Basics\n\nFirst, let’s look at what mining actually is and how it’s linked to blockchain security. Some parts of the “mining” metaphor are apt, but it falls down in places. Often, you hear people describing miners as finding or making currency. In fact, without getting too technical, the miners are doing computations that protect the integrity and security of the distributed blockchain ledger that tracks each transaction. In exchange for completing those calculations, miners are paid out in the currency they’re mining.\n\nThis led to the first decision we had to make. We had to pick a currency to mine. Bitcoin is the most popular, but it turns out it is not the most profitable to mine. In fact, Bitcoin is now so competitive for mining rewards that special purposes computers built with Application Specific Integrated Circuits (ASICs) are practically required. General\\-purpose computers are just too slow to earn you much of anything in the Bitcoin ecosystem.\n\nHowever, it turns out that there are many cryptocurrencies that you can mine. The second most popular currency is called Ethereum, and it has a reputation for profitable mining. So, with a little research, we embarked on a project to mine Ethereum. Here’s what we learned.\n\nCPU vs. GPU\n\nEthereum is also very competitive, and if you want to get sizable payouts your computer needs to be fast at the types of hashing operations required by the blockchain network. An Intel\\-style Central Processing Unit (CPU) chip, even the fastest on the market today, isn’t very fast at hashing. However, there is another type of chip that’s far faster. It’s called a Graphics Processing Unit (GPU). As the name implies, these are designed to accelerate graphics — usually 3D graphics for games. However, they are also blazingly fast for Ethereum hashing. This means you will need a system with a modern GPU to get reasonable payouts.\n\nAs a basis for comparison, my 2\\-year\\-old, home\\-office iMac has a quad\\-core 3.2 GHz Intel Core i5 and 32 gig of RAM. It’s a fast, and pretty expensive computer. However, the GPU that’s built into the system has too little memory and is not compatible with the task of mining. It turns out a system with a newer, compatible GPU will be over 100\\-times faster than my Mac’s CPU. I experimented with some mining on my Mac, but we’d only be able to earn pennies. It wasn’t worth it.","create_time":"2018-06-13T11:23:16.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19752,"user_id":6678,"question_id":585,"body":"Its Simple, try and understand in a very practical manner no technical words. The word mining is exactly as same as mining any precious metal is done. Here the mining word is connected to mining that cryto currency.\n\nThis image has one example of how Bitcoins are mined and what are the mining purposes.\n\nExchanges like buybtc . in India are helping people with explaining them the process of how Bitcoins or cryptocurrency works.","create_time":"2018-06-13T19:44:24.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19757,"user_id":6680,"question_id":585,"body":"1) It depends.\n\n2) You need to an graphics card that supports crypto\\-mining. I recommend GTX 1080Ti to start crypto\\-mining as an individual. With the all costs It takes almost 4.000$\n\n3) I don’t recommend cloud mining. Most of them are scam.\n\n4) You can buy ready\\-to\\-use mining sets.","create_time":"2018-06-13T22:12:25.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19773,"user_id":5264,"question_id":585,"body":"Getting a rig","create_time":"2018-06-14T11:44:41.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19777,"user_id":2216,"question_id":585,"body":"When it comes to making money with Bitcoincurrencies I’m a self\\-confessed geek. I eat, sleep & breathe Bitcoincurrencies & the technology behind them. I’ve mastered the art of making money through Bitcoin trading; Bitcoin, Neo, Ethereum & others… I’m talking VERY BIG MONEY! Today, I can honestly say I’m ready for a new challenge of helping normal, everyday people in mastering this as well! I know for a fact that you’re going to LOVE what I’m about to share with you & for 3 reasons: \n\n1st Reason: No matter who you are, where you live or how old you are… My software & strategies will work for you! Will make you money & lots of it!\n\n2nd Reason: It won’t cost you a penny to get INSTANT ACCESS TODAY!Get full support & discover how to start now. \n\n3rd Reason: I’ll show you how using blockchain technology it’s mathematically impossible to lose & how profits are easily created daily. \n\nToday, we'll show you how savvy investors got – and stayed – rich during the tech boom and how you can follow the same path with cryptocurrencies.\n\nYou see, everyone realized the incredible commercial potential of the Internet back in the 1990s. The Nasdaq surged 530% between 1995 and 2000, as investors piled money into Internet stocks.\n\nThe hype wouldn't last, as only a few companies proved they could profitably harness the Internet's potential.\n\nThe Nasdaq eventually crashed, plummeting 75% starting in early 2000. Internet companies were hit hard, as 3,892 were acquired at discounts, and another 962 were outright shuttered, according to Webmergers Inc.\n\nInvestors piled into the hottest new innovation and ended up getting burned. That's the cautionary tale you've heard about the tech bubble time and time again.\n\nBut it's not the whole story.\n\nInvestors who knew where to put their money got spectacularly rich…","create_time":"2018-06-14T14:58:05.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":19804,"user_id":5393,"question_id":585,"body":"**1) Which cryptoassets are most profitable to mine and what kind of returns can I expect?**\n\nETN (Electroneum) huge potential coin and pretty profitable even though the market is in a dump\n\n**2) What general equipment do I need to get started and what are the upfront and recurring costs?**\n\nyou need a rig obviously\n\n**3) Have you tried any cloud mining platforms or mining pools and if so, how was your experience?**\n\nNot recommending mining pools, most of them are scammers and ponzis\n\ncheers","create_time":"2018-06-15T05:44:56.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":null,"root_answer_id":null,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":84000,"user_id":5263,"question_id":585,"body":"What are your specs? Bitcoin is hardly profitable, considering you have great specs, you can change to mining other and double profits ","create_time":"2018-06-08T09:18:56.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":19359,"root_answer_id":19359,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":84038,"user_id":1390,"question_id":585,"body":"This is a damn good answer written from actual experience. ","create_time":"2018-06-12T09:13:34.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":19357,"root_answer_id":19357,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":84054,"user_id":5829,"question_id":585,"body":"I'm sorry but I have to disagree with you on just about every point you made and here's why, your\n\n1.undervalued going most profitable, which I agree but you list ETH and Monero.  Probably two of the most mind coins in the whole ecosystem and yes I agree ethereum is undervalued narrow there's better coins that had the same utility and therefore I don't consider these to flit the classification of undervalued coins due to the first point of both of them mainly being the most mind coins.\n\n2. Gone are the days of CPU and GPU mining what rock are you living under or are you saying that due to the Asics which a lot of coins are starting to try to go Asic resistant and will and then once everyone realizes the problem with the 51% attacks on POS coins most will realize that poww coins while they do consume a lot of resources to mine is still probably the best algorithm today's date and I could list several several pow coins that are more than profitable, I am running three different ones with just my CPU no graphics cards or anything and see a steady return daily the coins might not be worth that much but you can always exchange them or hold.\n\n3..  to even ask if they've considered Cloud mining is a joke all Cloud mining is is someone with numerous amounts of hashrate via the hardware renting out those rates to poor susceptible moons.  In order for any Cloud mining to be profitable you have to pay an extremely high amount of upfront cost for the hashrate and who knows if those pools would be still in business by the time your payouts start rolling in or depending on how you set those up but Cloud mining is a farce and should not be suggested to anybody.\n\n4. Bitzfree, lmao, sorry but would you mind sharing exactly how much BTC that you received and in order to receive that certain amount how much USD did you have to pay . Second part of that is why do you think they switch to BTG?","create_time":"2018-06-12T23:53:24.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":19364,"root_answer_id":19364,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":99265,"user_id":4708,"question_id":585,"body":"Thank you for the kind words, @matthew!","create_time":"2018-06-12T12:05:43.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":84038,"root_answer_id":19357,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":99266,"user_id":5088,"question_id":585,"body":"@player99 where I am is profitable because the electricity is super cheap. But yes the difficulty is increasing a lot (since december the tips for miner are way more down than before). \n\nSo I think right now is not good to buy an S9 and mine bitcoin because i believe bitmain in any moment will come with the next machine \"the S11\" and the difficulty will increase a lot.\n\nI have antminers so the only coin that i could switch is bitcoin cash. Maybe is more profitable and I could change to btc but i hate that coin and I'm too lazy to do that process.\n\nI'm not sure 100% sure but what i heard of is that a rig is more profitable and of course you can mine many coins with that. However, is much more expensive to create one.\n\nIf you need any hel let me know i will try to help you ;)","create_time":"2018-06-09T00:09:43.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":84000,"root_answer_id":19359,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":107026,"user_id":5263,"question_id":585,"body":"Ty , i didn't post the bounty 😅.\nhttps://www.coinwarz.com/miningprofitability/sha-256\nYou can mine all these , soon you might have to leave bitcoin . I don't think it should be too much trouble to swap ...","create_time":"2018-06-09T04:45:48.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":99266,"root_answer_id":19359,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":108927,"user_id":5088,"question_id":585,"body":"@player99 don't worry bro, you are welcome. we are here to help each others. thks for the info","create_time":"2018-06-11T22:20:32.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":107026,"root_answer_id":19359,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0},{"id":109879,"user_id":5263,"question_id":585,"body":"Np bro . Love the community 😄","create_time":"2018-06-12T18:48:30.000Z","reveal_time":null,"status":"PUBL","comment_count":0,"parent_answer_id":108927,"root_answer_id":19359,"tip_total":0,"upvote_count":0,"tip_users":0,"tip_cents":0}]}