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What kinds of questions do you ask about a coin before you decide whether or not it is worth mining?


  • Staff

    How to evaluate a coin

    What kinds of questions do you ask about a coin before you decide whether or not it is worth mining?

    These are some:

    What are my expected earnings for a coin?

    • Number of Coins Mined
    • USD, GBP, etc.

    Has the difficulty gone up/down for this coin recently?

    How has the news been on this coin lately?

    • Mostly Positive?
    • Mostly Negative?
    • Neutral?

    What is the use case for the coin I plan to mine?

    • Utility?
    • Security/Equity?

    Is this coin on a top 5 exchange?

    • Which exchanges?

    What are the financials for the coin?

    • Market Cap
    • % Market Share
    • Price history
    • Volume
    • Momentum/Moving Average

    Who makes up the team for the coin?

    • Do they have a relevant background to make this coin a success?
    • Is their work history completely unrelated?

    Has this coin reached any major milestones?

    • What does the development path look like?

    How many supporters do they have?

    • Discord Members
    • Twitter Followers
    • Facebook Likes
    • Instagram Followers
    • Reddit Subscribers
    • Etc.

    Got anything to add? Comment below!

    Credit: The_Brutally_Honest from /r/GpuMining


  • Staff

    Continuing to innovate / how innovative they are -Lolliedieb


  • Staff

    Hey pimps we need your help --- what major "niches" in crypto are worth diversifying into for when the bull run comes back? How do you categorize your coins? You could do it by purpose:

    Value holders / Blue chips (BTC, LTC, etc.)
    DAGs (NANO, IOTA, etc.)
    Privacy (XMR, ZEC, GRIN, etc.)
    Smart contracts (ETH, EOS, TRX, etc.)
    Exchanges (BNB, KCS, etc.)
    Gaming (ENJ, etc.)
    Decentralized Finance (REP, KNC, ZRX, etc.)


 



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