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If you started mining today, what currency would you pick?

post #1 of 9
Thread Starter 
So I've become extremely curious about digital currencies, and there is a huge glut of information out about all of them. I've done enough research to know that mining Bitcoins is no longer in the realm of a casual home miner.

Ive read at least a little about Litecoins, Primecoins, Digitalcoins, etc.

My question to the folks who have been mining for a while now is, knowing what you know about the currencies out there right now, and the current prices, what currency would you pick?

Thanks!
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post #2 of 9
I'd pick litecoin since it's the second largest, trailing bitcoins.

Your returns are pretty much the same if you chose any popular Scrpyt based currencies.

Only mine bits if you have the money to pay for the ASIC, even then you are taking a huge risk if you preorder.
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post #3 of 9
Thread Starter 
From what I've read, mining bits with an ASIC is only worth it if you have one. By the time you get one if you ordered it now, it'd be a paper weight.
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post #4 of 9
Right now protoshare is great for mining with a higher end cpu.

I mine protoshare with my 3570K and Litecoi with my 7770.

Sent from my SCH-I605 using Tapatalk
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post #5 of 9
Don't touch bitcoin without an ASIC because difficulty is skyrocketing for SHA-256.
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post #6 of 9
If you're going to be trading while you mine, find a fairly volatile currency and trade while you mine.

I am mining Feathercoin (FTC) while trading it (FTC) and WorldCoin (WDC) and making quite a bit.
     
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post #7 of 9
Thread Starter 
Well here's the next question.......If I don't have an AMD GPU or a fancy newer processor, is there much point in mining anything at all or should I save up for a rig worth mining with?
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post #8 of 9
Quote:
Originally Posted by Joephis19 View Post

Well here's the next question.......If I don't have an AMD GPU or a fancy newer processor, is there much point in mining anything at all or should I save up for a rig worth mining with?
I'd just save up.
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post #9 of 9
Quote:
Originally Posted by megawatz View Post

Right now protoshare is great for mining with a higher end cpu.

I mine protoshare with my 3570K and Litecoi with my 7770.

Sent from my SCH-I605 using Tapatalk

Protoshares are very suspicious as the Bitshares they are supposed to become are thought be be a scam, so unless you're mining and dumping I would steer clear.
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