When deciding on the cryptocurrency to mine, one needs to take into consideration the mining difficulty of each coin, the processing power that will be required, and the cost of the energy that the mining computers will consume. Some coins require very expensive computer hardware. All these factors and more will determine the profitability of the mining process and, hence, the choice of which coin to mine. Instead of creating your own mining farm, you could consider cloud mining, which would have a very different profit calculation. In this case, you are giving money to someone else to do all the mining work. Generally, it is a question of the profitability of the mining process as well as the predicted future viability of a coin. If a coin will crash in the near future then it is probably not worth mining now.
What cryptocurrency to mine?
Category:
Mining
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