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cryptocurrency and related discussion
Best coins to mine with CPU for the year 2018
submitted 5 years ago by rahulkukreja from infofuge.com
[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 0 fun5 insightful - 1 fun - 5 years ago (9 children)
You can also try WhatToMine using their worst video card, the 280x, to approximate CPU mining: like this
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 5 years ago (8 children)
and yes that's negative profit so beware unless you have free power.
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (7 children)
Yeah mining is overplayed. Only people who can make it work is people who either have cheap access to powerful computers, or people with free/cheap power. It was good 6 years ago but now everyone and their brother is doing it.
[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 5 years ago (6 children)
Yep. I stopped mining when summer hit. The extra heat wasn't worth the $3 a day I was making. I got in during the bubble, I think I barely broke even on my 5 video cards. Ahh well was an adventure. If I was smart I'd sell the cards asap.
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (5 children)
Sounds fun. I mined dogecoin in 2012. I started mining on day 5 of the coin's release. I made a million dogecoins in 1 day.
I think the key to profitable cryptomining is getting in extremely early to new coins that might actually go somewhere, then sitting on those coins for a couple years.
But it's still a lot of work for not much reward. And I burned out a couple expensive video cards, which set me back more than I earned in the end. But I just had them laying around, so it was a net win.
Too bad I don't live somewhere cold, then I could actually use it to heat my house and save money that way too. I've heard iceland is ideal, because it's cold and has very cheap hydro and geothermal power.
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (4 children)
Yeah getting in early sounds reasonable. I missed the doge wave, but maybe your investment will pay off big someday. I like the micro tipping idea, I wonder why it died off.
I figure that the real profits are in trading, but I'm struggling to figure out how to trade most of the time, because everything trends with Bitcoin. A guy at work made a pretty solid argument for KIN growing, I'm going to buy some of that.
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (3 children)
I wonder why it died off.
I think because the software was so clunky and poorly integrated.
As far as investing, I think a weighted "index fund" of top cryptos is a good way to go. It's important not to overdiversify, but I think bitcoin isn't going to be the top coin for much longer because of its inherent flaws, like really expensive and slow transactions.
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (2 children)
Good call, I need to diversify my BTC holdings for sure. The index fund approach sounds great for long term holding. I guess the only real trading I can see that makes sense is jumping in and out of fiat as BTC rises and falls. I hate wall street but love trading, what a mess.
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (1 child)
Yeah, buy and hold is where it's at, imo. If you want to jump in and out, you could also jump between BTC and non-BTC, as they seem to be on slightly different cycles (the non-BTC booming after the BTC booms and people seek to diversify). BTC is losing overall marketshare slowly.
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (0 children)
Agreed, BTC will fade out. What we really need to do is launch a MIC boycott index or mutual fund and talk people into putting their 401ks into it, but I'll save that pitch for another day. Happy friday man.
[–]actuallytwolamas 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 5 years ago (0 children)
Elicoin is pretty good candidate.
[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 0 fun5 insightful - 1 fun - (9 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (8 children)
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (7 children)
[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - (6 children)
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (5 children)
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (4 children)
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (3 children)
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (2 children)
[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (1 child)
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)
[–]actuallytwolamas 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)