By holding then converting a portion of your mined crypto’s to Bitcoin or Ethereum when the price doubles, you improve your mining profitability substantially. The smaller crypto’s are volatile, and as long as they have a good team developing and improving them, they will go up in price over time. I also run masternodes and stake different cryptocurrencies to participate in other crypto generating activities.Īlthough the leaders in the cryptocurrency mining space are BTC, ETH, LTC, DASH, ZEC, and XMR, there are benefits to mining lesser known cryptocurrencies, if you are able to hold them for a while. For example, in the past few months I have mined BTC, DGB, BCH, ETC, EXP, ETH, UBQ, ZEN, ZEC, LTC, MUE, DASH, and others. If you watch my latest youtube video, CryptoCurrency Mining Strategies and What I am Mining Sept 2017 (below), you will see that I advocate mining with many different types of miners, and mining many different types of cryptocurrencies, all at the same time.
Nvidia GPU’s are the opposite – they do better on Equihash and are decent with Ethereum. I believe AMD GPU’s are still a little overpriced and hard to buy, so I decided to build six Nvidia GPU based mining rigs.ĪMD RX 480 and 580 GPU’s work really well on Ethash mining algorithms, and do a decent job on Equihash. GPU pricing got a little crazy this year for a few months, and I took a break from building new GPU mining rigs because they were too expensive.
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