With efficiency and maximum output at the forefront for all GPU miners that take their hash-game seriously it is essential to keep up with what coins are giving back the most. As the trading market fluctuates so does our profit margin and we need to adjust accordingly to stay on top with our gains.
So what are the best altcoins GPU miners could consider to shift their operations or a portion to right now???
Let's take a look to see the top 5 that make the most sense today...
#5
My rig's staple cryptocoin. ETH has been a solid consistent choice as it's cost/rewards ratio has made me a happy nerd. If my rig is mining anything all the time it is ETH. I see building a good portion of any folio with ETH as a good move since it is going to shift from a proof of work system to proof of stake, which, in my theory, will make the price jump considerably. And even from the angle of a trader I would go with ETH's stability due to the fact that it is ranked #2 on large trading platforms as the base currency of choice, second to BTC (which is not a bad place to be). With many pools to choose from it is easy to find one that fits your goals.
#4
A good coin that has solid growth. If you analyze the charts for XMR you'll see a nice incline with the low end resistance making this a steady grower. Not only is it a smart choice to hold when looking at long positions, but its CryptoNight algo is also the least taxing on your electric meter. Because it is not from the Ethash family it can be mined parallel with ETH using Claymore's Dual Miner (Claymore...big up). There are many pools for this one as well.
#3
Another good coin from the Ethash family. It hasn't shown a remarkable amount of growth, but at current profitability it's not a bad choice to mine and flip this one in the markets. Aside from its ridiculous spiking this past summer it has recently found low end resistance at around .0028 BTC (currently close to $10 USD) however, as soon as I got a deposit of ETC I would trade it for ETH, BTC or any other altcoin if long positions are your focus.
#2
And yet another altcoin from the Ethash family near the top of the charts. This one a wee-one currently weighing in at around .000006 BTC (currently close to $.03 USD). I used to joke with the teller at the bank when I did my monthly withdraw of laundry quarters- "I prefer my paycheck in change so that it feels like I got more." This altcoin will do that for you as well. Just don't put this change into the stein for a vacation or rainy day; I'd flip this one into something more stable if the long position is what you're looking for. Mining pools are easy to find for this one as well.
And last, but certainly not least.....#1 for this week of GPU mining is......
drdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrdrd PSHT! (whew!)
ZCash is king of the hill this week when it comes to GPU mining profitability. Value wise it has been humming around a similar value to ETH (not including the nice spike of 20%+ at time of writing this article). Since it is created with the Equihash algo it is another coin (like XMR's KryptoNight algo) that will pull less watts to do the crunching, which is important when calculating operation costs. I like ZCash for the long position, but wouldn't hesitate flipping it into something else. There are many mining pools out there to choose from and since it is other than Ethash it can be mined parallel ETH with Claymore's Dual Miner.
I hope you found this article to entertaining and informative! If you would like to donate a couple bits of alt to my project it would be very much appreciated.
BTC- 19dhtebhWNQjjvaaSapw4bZry8buohSaoP
ETH- 0x4ba6FC1dd8293081c5B915124ddf13F2425D7D35
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