Maximize Your Mining ROI

Don't Lose Money Mining

When you're a miner, you know you'll need to keep an eye on your electricity bill.
It's important that you can convert your power into revenue. If you don't, you lose money.

There are loads of strategies to make sure you get the most out of your mining, so don't take the tips I'll be giving you below as the ultimate answer.
Still, these tips have proved themselves to be very valuable.

Here we go!

Make The Most Out Of Your Mining Efforts

1. Mine Ethereum Until The Last Moment

As you probably know, Ethereum will move to a proof of stake protocol, which will make mining not an option anymore.
However, when it comes to market cap, Ethereum is still in second place. On top of that, it hosts many other coins. There's no reason you should stop profiting from it.
Keep mining Ethereum as long as you can and consider every mined ETH as an investment in the proof of stake participation.

2. Don't Rule Out Bitcoin Premium Clones

By using the term 'premium clones', I'm referring to coins like Bitcoin Gold and Bitcoin Cash.
Since the code base they use is almost identical to that of Bitcoin, most significant pools will accept them.
The future of these coins can't be predicted, but they provide liquidity and for now they can be used as an alternative to allocate a part of your mining power to during technical milestones, like a hard fork or a platform upgrade.

3. Privacy Tokens

Be sure to use a part of your mining power for privacy oriented tokens, like ZCash and Monero.
The value of these privacy tokens - which are untraceable assets - is growing and if Bitcoin keeps being the main bet, the altcoins that take privacy seriously are probably the ones that will survive in the long run.

4. Find The Right Emerging Tokens

Many emerging tokens can be mined with good results, although it's not easy to find out which ones are worth it and which are not.

Some tips:

Do some research and find out how supportive mining pools are
Check the current market cap. A big market cap is a good sign
Take your time to check out the people behind it. To create a good coin, it isn't enough to have a strong tech team anymore. Since there are loads of competitors out there, a team with strong marketing skills is absolutely necessary if a coin wants to become successful.

Remarks

There's no need to say that - next to these tips - you should keep on doing your standard research.

Find the specifics of each separate algorithm to find out if you need more (Bitcoin) or less (emergency tokens) intensive computer gear.
Evaluate cost versus perormance - make sure you don't lose money while mining

The main purpose of the tips in this article is supporting you in developing your own, personal mining strategy.

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