Quickly after the bitcoin Fork that happened on August 1st at 12:20 PM Bitcoin Cash started dropping in value.
This had the effect of BTC price going up by 300$.

ETH stayed aroung 200 all the time and now finally surpassed the 280$ mark. And is barely surpassing the 300$ mark right now.

1 week later most cryptocurrencies have gone up in price.

Wich made me think about altcoin mining again. I own multiple Xeon computers with what used to be Nvidia flagship GPU’s. So why not give it a shot?

Minergate easiiest way to earn crypto
The easiest way for beginners to start mining is probably minergate.com. Ive been using it for a couple of yours now and i feel like the ease of use does many new user a bigger favor than the small performance gain of console miners.

I have decided to mainly mine Bytecoin(BCN) and some other altcoins. I make about 5$ a week in altcoins.

Then i trade the coins on HitBTC, a large altcoin exchange site.

Here I buy low and sell high.
Going in with 5$ worth of mined alt-coins I end up with 0.061 ETH wich is about 20$.

Thats a 300% increase!

So is mining worth it?
Not at this scale.

Honestly the amount of time and electricity spent will most likely surpass your earnings in most countries.

At a larger scale however this is nothing but free money. If you can invest in a couple of recent mining cards you get a pretty solid ROI.


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