How to maximize mining rewards and hold the coins you really want
Mining your favorite coin directly might not be the most efficient way to acquire it .
Lets Use 1.5 Khs and Sumo has an example according to https://www.cryptunit.com/?order=price24
Avg for 24 hours of mining would have been $1.50 (0.8 SUMO) not bad.
Now let's look at cryptunit again you'll see you could have got $2.1 (42.8 ETN) mining ELECTRONEUM that's $0.60 more and can be sold to buy 1.2 Sumo from Cryptopia @ current prices !
I hope this will help you become a better bag builder. Mining coins to build up your bags of your favorite coins is a great strategy. Earlier you can start mining them normally the better you'll be, Only hodl the coins you truly believe in sell the rest !
if it sells on Stock Exchange I buy BTCZ with my mining sales.
if it sell on
LiveCoin
Cryptopia
Tradeorge
I buy Sumo with my mining sales !
BTC Address
3LYfwz8TVfsSSH4CwrxryfzqEdnh2W4Hw4
LTC Address
LQ8uXEeRR38T2YTFgNrcqB8SxdB8a5y1iQ
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Have you tried mining new coins not yet listed? I've started to do that but, Haven't been doing long enough to see if makes a profit.
yes I mine most coins before they get listed try to mine them right after announcements once listed I sell currently mining Plura, I mined some Haven too before the diff went crazy high waiting for listing of that should be a nice listing price !
Do you use bitcointalk to find out about the new ones?
Yes , that and reddit. have to look everyday bitcoin talk has the worst search feature ever what a crappy forum search lol
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