Saturday, March 15, 2014

What coins are out there today ? and what miners to use ?

Now that your system is setup its time to determine what coin you want to mine and what miner to use.

 In the market today there is 3 kind of crypto coins in the market
 - SHA-256
- Scrypt
- Scrypt -N factor

 These are the 3 types of algorithm, and it will not be worthwhile to mine SHA coins; eg. Bitcoins, Unobtanium and others, as the Hashing power for ASIC miners are in the hundreds of Gh/s not Mh/s that we have built, which we small fry should avoid.

 ASIC miners are specialized miners that cost between three thousand to tens of thousand, which takes months to reach you after you ordered it, and by then newer models and faster models are available. in short, dun waste time on this kind of coins in my option.

More popular coin types to mine are the latter 2, Scrypt and Scrypt N, which are anti ASIC which means small fry like us could get into the game.

The types of miner in the market now for both algorithm are

- CG miner
- SG miner

Personally i am using SG miner and here is why :) comparison between CGMiner and SGMiner




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