How to maximize mining rewards and hold the coins you really wantsteemCreated with Sketch.

in mining •  7 years ago  (edited)

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Mining your favorite coin directly might not be the most efficient way to acquire it .

Lets Use 1.5 Khs and Sumo has an example according to https://www.cryptunit.com/?order=price24

Avg for 24 hours of mining would have been $1.50 (0.8 SUMO) not bad.

Now let's look at cryptunit again you'll see you could have got $2.1 (42.8 ETN) mining ELECTRONEUM that's $0.60 more and can be sold to buy 1.2 Sumo from Cryptopia @ current prices !

I hope this will help you become a better bag builder. Mining coins to build up your bags of your favorite coins is a great strategy. Earlier you can start mining them normally the better you'll be, Only hodl the coins you truly believe in sell the rest !

if it sells on Stock Exchange I buy BTCZ with my mining sales.
if it sell on
LiveCoin
Cryptopia
Tradeorge
I buy Sumo with my mining sales !

BTC Address

3LYfwz8TVfsSSH4CwrxryfzqEdnh2W4Hw4

LTC Address

LQ8uXEeRR38T2YTFgNrcqB8SxdB8a5y1iQ


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Have you tried mining new coins not yet listed? I've started to do that but, Haven't been doing long enough to see if makes a profit.

yes I mine most coins before they get listed try to mine them right after announcements once listed I sell currently mining Plura, I mined some Haven too before the diff went crazy high waiting for listing of that should be a nice listing price !

Do you use bitcointalk to find out about the new ones?

Yes , that and reddit. have to look everyday bitcoin talk has the worst search feature ever what a crappy forum search lol

  ·  7 years ago Reveal Comment