Hi guys,
Sorry to ask this again but I went through the new joiners posts and still couldn't make up my mind around it and figure out the answer.
So I would like to jump on the crypto currency boat, but I have a few questions before.
1- as I understood that bitcoin mining is becoming less profitable every day, unless you have a massive hash power, I'd like to try mining altcoins, but am I wrong thinking this is profitable ?
2- following that, are there ASIC miners (I only see those for bitcoins, unless antminers are also able to mine altcoins?)
3- last one, when scouting for a pool, would you recommend a pool/software that mines a bit of everything or a pool for each cryptocurrency I mine.
Cheers guys.
1) Profitability is directly correlated to hash as long as you are on a pool. There is no minimum or maximum hash needed to be profitable. However the most expensive/highest hashing ASIC gives you the most hashes per $$ so that reduces your ROI.
2) Correct, there are ASIC's for several coins like Bitcoin, Litecoin, Dash etc except the ASIC resistant coins like ETH, ETC.
3) Every Crypto would have its own set of pools, and one or two for each would be the best, these may not overlap. Do your research for each crypto that you are going to mine and choose from the top three pools for each.