Which coins are today the best to mine?

in #cryptocurrency7 years ago (edited)

Bitcoin-Mining.png

Mining is still profitable
Cryptocurrencies are digitally made and a lot of them can be mined. But the question that comes up is mining today is still profitable? In the earlier days it was possible to mine with your home computer. This is still possible but definatly not profitable. As the popularity of the cryptocurrencies rises every day the more and more people are getting into mining. There are also the big mines like Bitmain who still make big profits with gigantic farms and the difficulty at mining to find a block is going up day by day.

For the small miner it became hart to mine some coins like the Bitcoin. But there are still other coins to mine like Ethereum, Dash or Zcash which can be profitable. Depending on the algorithm that is used they can be mined with GPU rigs or with asics miners.

Know How is important to success
Starting to mine could look being easy but there are a lot things needed to be done right to make it profitable. It is important to know which coins are most profitable and how the difficulty is. The lower the difficulty is the better to mine they are, the more profit you can gain. The power consumption and hardware costs to build your mining farm are also a big part in this game. Ventilation and airflow to keep the system away from overheating need to be controlled and managed.

Getting into mining brings up a lot of questions and the best way to learn how to mine the most profitable way is, to learn from miners who have the technical knowledge.

  • So what are you recommendations for building up your own mining farm?
  • Which hardware to use? CPU, GPU, ASICS or even USB asics
  • Which coins are you mining and why?
  • What is important to know as a beginner?

Thank you for reading! It would be great if you can share some of your knowledge.

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