All About Bitcoin and Litecoin mining and other alternative crypto currencies
CoinWarz is another service where you can keep track of the profitability of the various alternative crypto coins in order to hunt for the most profitable one at the moment to get the best out of your hashrate, especially if you do not have a lot of it available. This service provides a mining and profit calculator that works with the supported cryptos, so you get actual profitability data based on your hashrate and power consumption for each crypto coin. It also checks and reports the best exchange rate at which exchange as this is also an important part for calculating the crypto profitability correctly. The list of alternative cryptos includes both scrypt-based ones as well as sha-256, so this service is useful not only for GPU miners, but also for ASIC miners that are interested in making some more extra profit by mining alternative cryptos instead of LTC or BTC directly.
Have in mind though that the profitability of alternative crypto currencies is very dynamic and if you start mining a crypto with very high profitability due to low network hasrate and difficulty, the situation can quickly change is a lot of other miners also follow in your footsteps. So it is important to be fast in finding the right pool and starting to mine the highest profitability crypto in order to maximize your profit – you can check our alternative crypto “cheat sheet” information that we have available here to help you in that. For example at the moment the most profitable alternative scrypt crypto is 42 (42), followed by DigiByte (DGB) and Globalcoin (GLB). The situation with SHA-256 alternative cryptos shows that eMArk (DEM) is the most profitable, followed by Betacoin (BET) and OpenSourcecoin (OSC).