Ninjastic
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Board Altcoin Discussion
Re: Mining Altcoins ?
by
InvestICO2L
on 10/06/2018, 23:33:15 UTC
Quote from: Emperor of Man on June 06, 2018, 07:52:29 AM
Quote from: Nicolaus Copernicus on May 20, 2018, 03:22:47 PM
Hey guys,
I am planning to mine altcoins in the next year. What do you think, is it worth the time and capital ?
Depends on many factors. The local price you pay for electricity, how much you're paying for equipment, the weather and how difficult it is to keep the equipment cold, and most importantly, how much is your ability to hodl your altcoins for the right moment and not selling them immediately.

Mining worked perfect years ago. These days with higher difficulty it's hard to say, but I believe it's still good if you add hodling to it.  Smiley
Exactly. The price that you have to pay for electricity is much high, in my country almost miner all complain about the price this year because it increased significantly. There are many good coins to do mining such as Vertcoin, Hodl coin, Verge and so on . I give you an offer to mine Vertcoin. It includes some reasons. First up, you have much more convenient when mining vertcoin, anyone may mine it to get a benefit. Especially you are able to mine it with a normal computer. Next, Vertcoin uses lightning network for instant blockchain transactions. In a nutshell, you would have more advantages when mining vertcoin. However, I advise you to find more information and have an intimate knowledge before mining any coin.