In the below writeup i will share my personal secret to having success and my favorite sites to use in the evergrowing crypto mining jungle!!!
I have a 4GPU rig that cranks out 80 - 100mh/s
As a beginner in crypto one tends to mine the biggest best coin they know.
Bitcoin and Ethereum are the 2 Big Boys that come to mind.
There is nothing wrong with going this way. Both coins are proven beasts in the market. However with a tiny rig in a monster pool you are a miniscule spec in the grand scheme. When mining Ethereum i can bring in a rough $7 a day minus electricity costs.
So I've learned to search for profitability in smaller coins with smaller pools.
Find a coins net pool hashrate that is under 100Ghs total.
Make sure there is a decent market for the coin.
Small coins prices fluctuate just as much as the big boys do.
The point is...... I can earn more $ in 24hrs mining small cap coins and selling them on open market to buy whatever i want than mining that specific coin.
I am currently mining a coin trading at 0.12 - 0.18 USD
I can get roughly 3 coins per hr. Thats 0.40 an hr. x 24 hrs is close to $10 a day.
If you hang on to them and sell in a bull run it would bring your avg price per day up to $12 or $13 a day.
Also on the big boy mining pools it may be a 1Eth minimum withdraw. It might take 3 months for me to earn that.
I get hrly payouts with the small guys. So everyday or 2 I can send them to an exchange and trade them so I can get in the game.
My favorite mining pools:
aikapool.com
minerpool.net
My favorite exchanges
mercatox.com
bittrex.com
stocks.exchange
What's some of your favorite sites to mine and or exchange some people may not know of?
