Post
Topic
Board Altcoin Discussion
Topic OP
Where To Begin?
by
CoinMan87
on 08/07/2015, 21:11:19 UTC
This is one of those things where you feel like you wish you had gotten in 3-4 years ago lol. I'm a believer in the crypto revolution and do believe in its long-term viability despite the growing pains. However after a few brief days of research it seems actually mining bitcoin is no longer worth the time and it seems the general consensus is the same for Litecoin. I've turned my attention to other altcoins such as Dashcoin (previously called Darkcoin) and Startcoin. I've heard about Dogecoin, Namecoin and some others...but it just doesn't seem to make much sense to me to invest in something that isn't close to being worth even a penny (Dogecoin). Namecoin looks like it has potential...it's been riding high over the past 3 months. Dashcoin however is worth $3, however from what I've read Dashcoins are hard to mine. Not sure why though. I've also heard about this ShadowCash coin. Is this something to be mined like the others? Or is there another way of obtaining them?

What are your opinions on Cloud Mining? Is Cloud mining available for other coins or just Bitcoins? I was browsing Cex.io and was thinking about giving cloud mining a chance before investing in a rig that may not be profitable anyway.

Or am I going about it the wrong way? Should I be looking to mine coins that aren't really worth anything and wait for the day they might get a big boost? In which case Dogecoin and other coins like it would make sense.