Quote from: kaotik on February 11, 2014, 02:50:55 PM

For those of you who have been mining for over 6 months, which strategy is better, get in early on a coin and hold for a couple of months or immediately pump and dump? If you have to balance between paying the bills and keeping some with hopes of a better payout, what strategy do you adopt?
How long have you held on to a coin? Do you mine several coins or stick to just one?

Thanks. I'm new to mining and would really appreciate feedback from people with experience.

Avoid new launches unless you can solo mine the first hour, if you're later then one hour then go back to the coin a few days later. Difficulty jump like crazy on the first day, result is, you will be able to mine more 2 days later then trying to fight against 5GH/s.

Take a coin with real development team. Like KDC for example. The best strategy is very difficult to say... I was mining TIPS and had a few Ms everyday and sold it at 2 satoshi agaist LTC!!! I was mining MEOW and sold it at 2 against BTC, as at that time it was a good price.

KDC is very difficult to mine, sometimes it is better to buy the coin from a exchange and not to mine it. With the current difficulty drop, KDC looks again more and more interesting to mine, and if you need to pay bills or so, then you're sure that there is enough people that want to buy your mine coins