I normally hate the altcoin world but my old miner just isn't worth much on the bitcoin network. What might I mine that has a reasonable trade in value for bitcoin. Ideally I can use poloniex to trade or some other respected exchange. I don't want to hodl the altcoin, just mine it and sell.
The problem is that there is so much available hashrate that the profitablity of SHA256 coins hardly goes over that of BTC.
I have a batch of obsolete miners that I've been keeping ready for a nice run on an altcoin but problem is that unless you mine and hold and hope for an upgoing trend of the coin there's not much money to be made.
I think that makes a lot of sense. I don't usually keep up with the altcoin world so I suppose that even if such a run happens, I'll prolly be the last to know about it
If you have an account at Multipool.us, check this page: https://www.multipool.us/stats.php?alg=sha256
You can see at the top:
(MP) BTC 299.1 TH/s 6h9m 1.00000000 0.00001024
PPC 3.6 TH/s 42h57m 0.00123395 0.00000941
Where 1 is the baseline profitability and 0,00123395 the profitability of the next one in line
Biggest problem is that, even if it tips above the BTC % you won't be able to securely sell all your coins for that amount after they've matured