View Single Post
  #317  
Old 9th November 2017, 01:30 PM
moltuae's Avatar
moltuae moltuae is offline
RIP 27/02/2021 :-(
 
Join Date: Sep 2014
Location: East Lancs.
Posts: 2,679
Default

You could also look at the Trezor hardware wallet. I haven't got one yet (it's on my 'to do' list though) but I know a few people who use them.

Hash-rate is a measure of performance of the hardware so it shouldn't change with difficulty. I'm not familiar with ethermine.org though. It's possible they calculate a relative/effective hash-rate.

The best coins to mine aren't necessarily the higher value coins or the ones with the greater market cap (I tend to use this site for comparison: https://coinmarketcap.com ). In fact, often a newer coin can be more profitable, if the price is high relative to mining difficulty. This site is good for comparing mining profitability: https://whattomine.com

I went down that mining route a little myself initially then I got lazy and just started using NiceHash instead. The problem with mining individual coins is that you need to spend a lot of time monitoring profitability and switching between different coins. If you're prepared to do that you can probably make a little more profit than you can by using NiceHash, but you'll have earned it. Having said that, it can be fun mining different coins and pools, and it could prove profitable if you pick a promising new coin.

You could also consider 'staking'. Some coins are generated by Proof of Stake (PoS) rather than Proof of Work (PoW, aka mining), and some use a combination of both PoS and PoW. With PoS you earn new coins just by holding (and sometimes 'locking') coins in a wallet.
__________________
Mark
------------------------------------------------------
2002 FE S8 Ebony Black Pearl
------------------------------------------------------

------------------------------------------------------
Cars Owned:
The Tesla Era: 2020 Model S Performance Ludicrous+ (present)
(Black, with all black premium interior and carbon fibre décor, 21" sonic carbon twin turbine wheels and FSD capability)

The Audi Era: '97 A8 4.2 (Ming Blue) --> '96 A8 4.2 QS (Dark Green) --> '02 FE S8 (present)
The Citroen Era: '84 BX 1.6 RS --> '89 BX 1.9 DTR Turbo --> '94 XM 2.0L Turbo --> '96 XM 2.0L Turbo Exclusive --> '00 Xantia Activa 2.0L Turbo
The Banger Era: '76 1.2L Lada VAZ-2101 (Ruski Fiat 124) --> '80 1.7L Morris Ital HL, finished in Ermine White and Rust
Reply With Quote