For those of you wondering what coins to mine/invest this week, here’s my picks:
- Millionairecoin – Launching today, this X11 coin might be good since there’s only 1 million coins involved, start mining at Mil.Pool.Mn! This coin is already on the market at Poloniex.
- Pyramidscoin – Launching tomorrow, this X11 coin is PoW only, you may be able to profit if you mine during launch or invest when it lists on the market.
- CryptoWon – Launching Tuesday June 10th, CryptoWon is slightly-funky coin based on North Korea, labor period (PoW) is only for a week, miners/investors who get in early could see some good profits.
Also Watcoin and Flashcoin are launching later this week, keep on eye on those!
Last week, I mined a ton of Honorcoins with my 18 graphic card rigs, made around 380K Honorcoins, which are worth near 4-5 BTC atm. I think that was my best mining efforts so far, couple thousand bucks for just 24 hours of mining. (Cost me $50 in electricity for 24 hours)
If you really want to get ahead of the mining curve, you really need to throw away your ASIC miners today (just dump them on eBay). If you look at all Scrypt coins, most of them are dying slow death due to influx of ASIC miners.
On the other hand, you could make a ton with graphic card rigs with X11/X13 coins right now. I do predict another price jump with AMD graphic cards in couple months, just like it did last year and also the year before in 2012 with original Bitcoin miners.
I almost sold off all my rigs couple months back when ASICs came out on the market but I am glad I kept them as they are now making more money than ASICs. Moral of the story? Stick with your original plan, there will always be coins you can only mine with graphic card rigs. I see all the ASIC companies literally going out of business atm, I think that’s good for miners, and no more scammy products that lose value 5X months after buying them. (My gridseeds are worth 5X times less than what I paid for 3 months back, my graphic card rigs are still worth near 75% of what I paid for after 6 months!)Like my stuff? You can send me coins!
Want to Contact Me? I am on Twitter 24/7!
First time to digital currency?
Please see What is a Litecoin? FIRST!!!