What to Mine? Where to Mine? How to Mine? Which Cryptocurrency Mining is profitable now?
Read this blog post for the answers!
Cryptocurrency mining is giving out a lot of money for miners..Mining has become a full time job for many..Mining rigs are being established...You minght only have heared of about BTC, ETH, Or LTC,
But there are still hundreds of cryptocurrencies in the market..
At present the cryptocurrency that has the greatest value in USD is the bitcoin
1 Bitcoin = $8014.16
So You may be thinking that mining bitcoin is the most profitable. But the actual thing is that mining Bitcoin now is least profitable it can also push you in a huge loss..
So then what's the most profitable to mine now??
I recommend mining ZCASH..
ZCASH(ZEC) is the most profitable Cryptocurrency to mine at this moment
ZCASH(ZEC) is the most profitable Cryptocurrency to mine at this moment
Lets see how you can make profit out of mining ZCash.
To decide this we have to take some factors in account:
- Hashrate of the pool
- Hashrate of your ASIC miner
- Value Growth Curve of that Cryptocurrency
- Block reward
Disclaimer:
Market of Cryptocurrency is changing every second..Even when you are reading this post..this line..this word..A whole new cryptocurrency can peep in to the market and can become the most profitable to mine..So you have to do a lot of research on the Web to decide which cryptocurrency is the most profitable to mine now..you should not wholly depend on this post and decide to mine ZCash..And Me and this Website is not responsible for your loss(hope it doesn't happen)..Mining and investing in Cryptocurrency needs a lot of courage to tackle the risks in the midway.. And remember that this blog post only deals with 'What to mine?' not 'Where to INVEST?' If you have the courage to face a loss then feel free to continue reading and to start investing in cryptocurrency now...
So now stick to the chair and lets discuss about those factors here..
1.Hashrate of the pool
In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. ... AntPool is the largest currently active mining pool.and after comes Slushpool (recommended to use)..
Hashrate of Slushpool at present for ZCash is 2.276 Mh/s
Hashrate of Antpool at present for Zcash is
And lets say that you had bought a ASIC miner for mining BTC before that has a Hahrate of 13.5 Th/s (Whooping thats a lot more than what you need for ZEC mining)and just want to start mining ZEC on Slushpool ..As soon as you connect your miner, Hashrate of the whole pool becomes 13.502 Th/s that means you are dominating the whole pool more that 99.9%
So now you'll get ~100% of the block reward which the whole pool mines..Block reward of ZEC is 12 ZEC
12 ZEC = $2671.2
But the truth is hashrate of the pool doesnt decide your ultimate income from mining ..
lets say that the pool has low hashrate it means that less blocks are solved per hour so even if your %of hashrate on the pool is more, you will be getting the same amount as mining with the same Hashrate in a 'pool having more hashrate' because more blocks are solved per hour and even if your share of Hashrate is less, as more blocks are solved you'll be getting the same income as before..
so Hashrate of the pool does not matter the most..'
This info is just to decide which pool you have to choose and to understand and analyze the topic in depth.
But if you Invest your time in mining ZCash with that same miner you'll be making a profit of >$100000 every day ..
The more powerful is your miner the more the profit you are going to earn..
If you still want to mine bitcoins you'll need a miner having Hashrate in Ph/s That would cost you selling all your assets.
So do some research before you decide which miner to buy..Because your Hashrate ∝ Profit
I would recommend you buying a miner of 13.5Th/s to get most of the profit
Get it from amazon by click my affiliate link below
These days GPU mining and CPU mining is not fetching profit ..So I recommend having ASIC miner as of above for mining purposes.
As of now Eternum is having the steep growth curve on average after its fall in March..
But not only the steep curve we also have to take in difficulty of the block into consideration.
By calculating all the profit subtracting pool fees and Electricity costs Profit you'll get, mining ethereum hourly is : (Subject to change) (Calculated assuming that you are now having a 13.5Th/s miner)
But whereas when we calculate the same for ZCash (Subject to change) (Calculated assuming that you are now having a 13.5Th/s miner) :
Is that unbelievable ..check yourselves on coinwarz profitability Calculator now..
Clich here to check.
Those numbers are just mind blowing .I hope I too had that miner..
So with your 13.5 Th/s miner you are going to solve hundreds of block every hour ..this fetches you a huge profit..
You are going to get 12 ZEC for every block solved successfully, it means that you are goin to become rich in just an hour.. That's really wonderful
So What?
Decided to Start mining now?
Don't know how to start mining ZCash?
Learn 'How to mine ZCash?' From here.
Help me develop this website to reach more people:
Donations are Invited:
ZCash : t1ZG3x3x5VBtUshyDksr7fNL8cdhdKryhdA
Bitcoin : 1PNqyejVkfnpGZxRbBzeU4JWE6BPaWexBL
Bitcoin Cash : qqqne7ske2anq2zn6dq34j0kphtln9zv7ypuwlhwmq
Dash : Xe67vvadiAtPPiU5h97MegzmGsh38WHwks
Dogecoin : DLAFsB1ke5iYRjG1Pb4iHmb24L89N76nXv
Ethernum : 0x0ead0cd706c020d58216d84dfe46ea07c4a05aa8
Litecoin : LSPpzC7zFMVd49k5apDHPNwy1oxauhb5EQ
Monero :4BrL51JCc9NGQ71kWhnYoDRffsDZy7m1HUU7MRU4nUMXAHNFBEJhkTZV9HdaL4gfuNBxLPc3BeMkLGaPbF5vWtANQp7SVb3cBZn1UqG287
Bye Bye !! See You in my Next post.[left-sidebar]
And lets say that you had bought a ASIC miner for mining BTC before that has a Hahrate of 13.5 Th/s (Whooping thats a lot more than what you need for ZEC mining)and just want to start mining ZEC on Slushpool ..As soon as you connect your miner, Hashrate of the whole pool becomes 13.502 Th/s that means you are dominating the whole pool more that 99.9%
So now you'll get ~100% of the block reward which the whole pool mines..Block reward of ZEC is 12 ZEC
12 ZEC = $2671.2
But the truth is hashrate of the pool doesnt decide your ultimate income from mining ..
lets say that the pool has low hashrate it means that less blocks are solved per hour so even if your %of hashrate on the pool is more, you will be getting the same amount as mining with the same Hashrate in a 'pool having more hashrate' because more blocks are solved per hour and even if your share of Hashrate is less, as more blocks are solved you'll be getting the same income as before..
so Hashrate of the pool does not matter the most..'
This info is just to decide which pool you have to choose and to understand and analyze the topic in depth.
2.Hashrate of your miner
For mining BTC your 13.5Th/s miner is just useless.It sucks 1500 Watts and gives you not more than $220 per monthBut if you Invest your time in mining ZCash with that same miner you'll be making a profit of >$100000 every day ..
The more powerful is your miner the more the profit you are going to earn..
If you still want to mine bitcoins you'll need a miner having Hashrate in Ph/s That would cost you selling all your assets.
So do some research before you decide which miner to buy..Because your Hashrate ∝ Profit
I would recommend you buying a miner of 13.5Th/s to get most of the profit
Get it from amazon by click my affiliate link below
These days GPU mining and CPU mining is not fetching profit ..So I recommend having ASIC miner as of above for mining purposes.
3.Growth curve of the Value of Cryptocurrency
I remind you again that direct value of Cryptocurrency is not a measure of profit you are going to get by mining it..You have to keep an eye on the Value Growth curve of that CryptocurrencyAs of now Eternum is having the steep growth curve on average after its fall in March..
But not only the steep curve we also have to take in difficulty of the block into consideration.
By calculating all the profit subtracting pool fees and Electricity costs Profit you'll get, mining ethereum hourly is : (Subject to change) (Calculated assuming that you are now having a 13.5Th/s miner)
| Time Frame | ETH Coins | BTC (ETH/BTC at 0.06320000) | USD (BTC at $8,272.72) | Power Cost (in USD) | Pool Fees (in USD) | Profit (in USD) |
|---|---|---|---|---|---|---|
| Hourly | 46.63722504 | 2.94747262 | $24,383.62 | $0.15 | $487.67 | $23,895.79 |
| Daily | 1119.29340101 | 70.73934294 | $585,206.78 | $3.60 | $11,704.14 | $573,499.04 |
| Weekly | 7835.05380706 | 495.17540061 | $4,096,447.44 | $25.20 | $81,928.95 | $4,014,493.29 |
| Monthly | 33578.80203025 | 2122.18028831 | $17,556,203.31 | $108.00 | $351,124.07 | $17,204,971.25 |
| Annually | 408542.09136808 | 25819.86017446 | $213,600,473.66 | $1,314.00 | $4,272,009.47 | $209,327,150.19 |
But whereas when we calculate the same for ZCash (Subject to change) (Calculated assuming that you are now having a 13.5Th/s miner) :
.
| Time Frame | ZEC Coins | BTC (ZEC/BTC at 0.02776400) | USD (BTC at $8,263.96) | Power Cost (in USD) | Pool Fees (in USD) | Profit (in USD) |
|---|---|---|---|---|---|---|
| Hourly | 7536646.58525201 | 209247.45579294 | $1,729,212,604.77 | $0.15 | $34,584,252.10 | $1,694,628,352.53 |
| Daily | 180879518.04604800 | 5021938.93903048 | $41,501,102,514.59 | $3.60 | $830,022,050.29 | $40,671,080,460.70 |
| Weekly | 1266156626.32234000 | 35153572.57321340 | $290,507,717,602.13 | $25.20 | $5,810,154,352.04 | $284,697,563,224.89 |
| Monthly | 5426385541.38145000 | 150658168.17091500 | $1,245,033,075,437.71 | $108.00 | $24,900,661,508.75 | $1,220,132,413,820.96 |
| Annually | 66021024086.80760000 | 1833007712.74613000 | $15,147,902,417,825.50 | $1,314.00 | $302,958,048,356.51 | $14,844,944,368,155.00 |
Clich here to check.
Those numbers are just mind blowing .I hope I too had that miner..
4.Block reward
You are going to get 12 ZEC for every block solved successfully, it means that you are goin to become rich in just an hour.. That's really wonderful
So What?
Decided to Start mining now?
Don't know how to start mining ZCash?
Learn 'How to mine ZCash?' From here.
Conclusion :
According to my Deep analysis in the field of cryptocurrency I have found that ZCash(ZEC) is the most profitable cryptocurrency to mine now as of 17th April 2018..This could change at any moment so its better to keep an eye on the market and don't forget to use a profitability calculator..there are lot of Cryptocurrency profitability calculators online..feel free to use them..Help me develop this website to reach more people:
Donations are Invited:
ZCash : t1ZG3x3x5VBtUshyDksr7fNL8cdhdKryhdA
Bitcoin : 1PNqyejVkfnpGZxRbBzeU4JWE6BPaWexBL
Bitcoin Cash : qqqne7ske2anq2zn6dq34j0kphtln9zv7ypuwlhwmq
Dash : Xe67vvadiAtPPiU5h97MegzmGsh38WHwks
Dogecoin : DLAFsB1ke5iYRjG1Pb4iHmb24L89N76nXv
Ethernum : 0x0ead0cd706c020d58216d84dfe46ea07c4a05aa8
Litecoin : LSPpzC7zFMVd49k5apDHPNwy1oxauhb5EQ
Monero :4BrL51JCc9NGQ71kWhnYoDRffsDZy7m1HUU7MRU4nUMXAHNFBEJhkTZV9HdaL4gfuNBxLPc3BeMkLGaPbF5vWtANQp7SVb3cBZn1UqG287
Bye Bye !! See You in my Next post.[left-sidebar]
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