Many of you may know by now that unless you have a very powerful asic mining machine, bitcoin mining is not worth it anymore. These mining machines can be very expensive and many not even get their investment returned. I myself have not quite mining bitcoin but my totals are much less, because of this I have decided to start mining alternate currencies with my graphics cards. I currently have a 4890 and a 5770, while these cards are nothing spectacular they have been able to get me off to a decent start in the Alt currency world.
One in particular in Dogecoin. This coin has received much attention as of late and it is normally the number one most profitable coin on multipool.us. Over the past week I have gained around 2,600 dogecoin alone just from being on the most profitable port. I would have much more, but I am on the port to mine several different coins in hopes that one of them may get popular and valuable soon.
If you believe that you have a half decent graphics card then you can check out this chart to see what you are able to https://litecoin.info/Mining_hardware_comparison. Dogecoin also has their own dedicated wallet just like bitcoin and others that can be downloaded from http://dogecoin.com/
Set-up is very similar to that of bitcoin, but ASIC miners will not work to mine coins that are not SHA-256 algorithm.
Lastly, if you are interested in creating a coin of your own and you have .05 BTC to spare, then coingen.io may be of interest to you. They will create the coin for you and you are the one that is responsible of making it popular and setting it up with a pool. You never know, you could create the next big coin that gets popular.
I will be adding a dogecoin address to my blog if anyone is generous enough to donate to me. I will also be sending dogecoin out soon to those who subscribe here, promote my blog, and have a wallet. I am willing to send people who help me other currencies that I mine as well.
No comments:
Post a Comment