Post
Topic
Board Speculation (Altcoins)
Re: Is Ethereum the only altcoin worth(even a little) to mine at the moment?
by
NeuroticFish
on 26/06/2020, 09:43:54 UTC
Hello all,

I was lately checking the options for minable altcoins and apart from ETH I couldn't see anything else worth mining at the time being. I know that mining is almost dead now, but considering a future altcoins price increase, Ethereum seems the safest bet.

When ETC 2 come, then things may change.

What alternative options would you consider for altcoin mining?

Mining should never get mixed with price speculation. Why would you mine at a loss now hoping for a price increase? Why don't you just buy and hold if that's the only reason? This way the profit would be bigger.
So.. find a coin you can mine at a profit. If you don't find such a coin, better don't mine. If you've found a profitable coin, mine as long as you are on profit (very careful with the electricity price!!) and sell/convert into any coin you want to hold or into fiat if you don't care about holding.