Quote from: bmstalker on December 26, 2013, 01:39:50 PM

Hi all,

I've had bitcoins on my radar for a year or so but never really looked into them. With all the publicity recently I started to do some research into cryptos in general and came to a few conclusions.

As what would be a small time miner, bitcoins are not for me. Would take me forever to mine anything as the difficulty is too high for the level Id be willing to invest in so I started to look at alt coins. Had a look around and found betacoins which looked interesting to me.

I'm a bit of a geek so I have a good spec gaming PC sitting around so started to use my gpus (2x GTX670s) to mine some beta coins. After a day or so I ended up with 5 and was disapointed with the progress, so I had a look around and a think. I tried to mine some litecoins with the same setup and only managed a fraction of a coin after a day.

The plan I've came up with is to pick up a few USB asic miners (which seems to has a lot faster than £700 of graphics cards) and jump on each new coin as it comes out and mine if for a few days to a week. After this, I'll just look at trading these coins around as the values rises to see what i can do. The only cost I have is a few USB asic miners and the electricity.

What do people think of that? Good plan/bad plan?

ASIC miners will help only if the alt-coin you are trying to mine uses SHA-256 (same as the bitcoin) as they are designed specifically to do that. They will not be useful for coins using Scrypt....

just my 2 cents..