Let me start out by saying Good Luck in your mining endeavors.
Be Very Careful which coins you mine,why?, Because you do not want to mine coins that's difficulty is too high for your hardware.
If you mine coins that have a high difficulty, and you do not have the hardware to match you are wasting time, and money.
For Instance Siacoin, while I think it is a good coin, the difficulty is too high for most gpu miners to see any profit, because the coin value is too low for the difficulty, add in the fact there is ASIC miners coming out for Siacoin and your GPU mining rigs will be useless soon enough for Sia.
If you want to mine with a CPU, or a GPU, DO NOT MINE Bitcoin, Ether, or any other coin of that caliber, because you simply will be wasting your time, and your money.
Lets use this as an example GO HERE https://whattomine.com/ and fill in the information and see just what YOU are expected to make on the coin you was going to mine.
I have an RX480 8GB 
so I selected that ok so my best bet would be to mine Musicoin at $4.51 a day profit so that would be $135 a month give or take, Worth it ??? Maybe for some it is, ok now what if I had 4 RX480 8GB Cards? $14.20 profit per day or $426 a month worth it? These are just estimates but clearly the more HASH power you have the more your going to mine, and the more profit your going to make.
OK what if I only had 1 R9 280X card and I mined Musicoin with that hmm.... ok so $0.97 a day, and about $29 a month Worth it? Probably NOT right ...
You see where I am going with this, If you do not have the Hardware to mine you are better off Investing in the coins directly IMO.
Are you Serious about mining, Do you at least know how to assemble computer hardware, I would recommend if you have some money to invest in building a miner, and if you can find any GPU's Available at the time to pick up at least 4 or these 
and a good power supply such as a 
Find a coin that offers a decent price vs. Mining Difficulty, whose developers are Active, and have strong plans for the future.
Mine the hell out of that coin, or coins.
Go to https://coinmarketcap.com/ to get an idea, find out what Exchange/s it is traded on and make an account there such as
https://bittrex.com/
https://poloniex.com
https://www.cryptopia.co.nz/
I hope this at least gives someone some idea of what is needed to mine, and actually make a profit vs. doing it for fun etc...
Thank You.
yes ...today, you need a decent hardware in order to mine coins otherwise you will be paying the electricity that you use to mine with the money you will make with the mining
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nice post
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I recommend to start mining with nicehash - very easy for new users, I made a tutorial about it:)
https://steemit.com/mining/@cardboard/the-easiest-way-to-start-mining-crypto-with-your-pc-tutorial-for-newbies
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good to know
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Just joined Bittrex 👍🏽🎉
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Thanks for great info.
Crypto Mining will always be sexy!
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good read and very informative. I've wanted to mine something but i realize it's better for me to just but.
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im glad I clicked your post. I've never seen that website.. seems better than coinwarz too
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Use the website cryptoCompare, they have all the mining profitabiltiy lists, it really comes in handy
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wonderful post
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I have 2 decent GPUs I bought before they all surged in price and I still don't think it's worth it. Really feels like you need a rig with 5 GPUs in it or something. I even looked up Burstcoin and I have 20TB and it's still not enough profit, IMO. You still need at least 50TB to make an okay return. Mining in itself it's just too inaccessible for people who can't afford the hardware.
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Great post, I love Alt Coin Mining, this was right up my alley.
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nice to see your efforts for this article here I'm using some of Mining Rigs
its really very impressive to have mining stuffs to mine coins. which can give more rewards, Bitcoin is to costly to mine now days in comparison to prior rewards. If coins are consuming more powers to mine and their values are so high that would not be a great to mine with them.
so better to mine only Low difficulty coins that could give better results in mining and profitability.
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I would like to mine altcoins
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Pretty solid advice. Of course you also need to look at the future potential of the coin and market growth. Personally I'm looking more at POS coins myself opposed to POF coins.
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That is why my post says "Find a coin that offers a decent price vs. Mining Difficulty, whose developers are Active, and have strong plans for the future". But yea POS I believe is a good place to start.
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I think it's a good place to look. All matter of opinion. Like I said, solid advice.
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Great mining profitability post, thank you.
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Simplistic but effective general idea
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better cash to hash is to buy old asic miners :-)
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As an aspiring "Miner" I was looking for information about what to mine, this is truly helpful! Thank you!
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Coin mining is pretty difficult. You also have to consider power usage.
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Thanks for the article here. I enjoyed how you broke down the numbers into understandable stats. I myself do not mine, but have thought about it on several occasions but continually run into, " if you don't already have miningequiptment then you should just invest in the coins." Which is the exact route I have taken. But it's a boating route, I would love to run a miner and actually feel like I was a part of the network. However, now I get that feeling from Steemit. Steemit has allowed me to be a participant, investor and content creator, which all add value to the network. I am happy to have found Steemit and happy to have found your article! Cheers 🍻
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Hello @madscientistx13 Thank you for the contents about mining altcoins. A week ago I started to mine eter and I could need help about it as well. I would be glad to stay in touch with you in order to learn more about this topic.
Feel free to follow me @denise.kluch
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Thank you for the tips
Sophie
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Thanks for information! :D
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Mining needs a lot of passion, if the average people want a coin if better to just buy it and avoid the cloud mining SCAM
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There are reputable cloud mining services out there, like Genesis mining. Many like myself are doing very very well with them. It is unfortunate there are those others that are scams and it makes cloud mining look bad.
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Maybe you are right but I think cloud mining is too unpredictable to call it "investiment"
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Great post, I am planning to mine altcoins while working as a Web Developer I mostly use my a Computer maybe 15 hours a day, even though it is not that much I can mine. If I can only get something extra on that 15 hours. Can you recommend a build?
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Great post madscientistx13 😎. Check out some of my Cryptocurrency recommendations!
https://steemit.com/steem/@crypto-expo/cryptocurrency-altcoins-top-20-to-invest-in-2017
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You didn't explain where to mine. Would be great if you say where, what program and how to start more ning enyting.
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