Guide:- How to choose which crypto coin to mine

in crypto •  7 years ago  (edited)

Not every one of use have an initial capitl of $500/- to build a minning rigs so minning crypto coins like Ether, Monero, Dash etc., are out of question so its always easy to mine the coins new in market because these are usually mineable by a regular computer so we have to start early and save some coins in to the wallets and wait till the price goes up however there are several crypto currencies entering market every day so we have to find the new entries of cryto coin in the market and mine them to take advantage. I check this from https://coinmarketcap.com/new/ this shows when is the coins added.Capture.PNG However not all the coins that entered the market will not pick up one of the example I can tell is inf8 coin this is easily mineable but has no value. So we have to consider the market capital, volume, circulating supply the higher these values the better the coin will survive. I also check the price of the coin which tells value of the the coin which is directly proportional to profit of minning. Before mining it is always better to check whether we can make profit or not from a minning calculator. For this I use "https://www.coinwarz.com/calculators". Ofcourse not all crypto coins are mineable so the best way to know is form "https://coinmarketcap.com/new/" if there is a * in the circulating supply field mens this coin is not mineable other way to know is click on the coin which you want to mine and the screen clearly shows whether a coin is mineable or not.

Capture5.PNG

I hope this helps any newbies to crypto currencies - Happy minning.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @sudhichand! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You made your First Vote
You made your First Comment
You published your First Post
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @sudhichand! You received a personal award!

1 Year on Steemit

Click here to view your Board of Honor

Do not miss the last post from @steemitboard:

Saint Nicholas challenge for good boys and girls

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @sudhichand! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!