My Crypto Mining Strategy in 2024 & What Coins I’m Mining (Nexellia)

Today I review the best coins to mine in 2024 including Nexellia with gpu mining. I discuss crypto mining for token yield vs. mining for the best profitibility.

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All of my gpu minig rigs run on hiveos mining various Proof of work coins and ghostrider/randomx on my cpu’s. In future videos, I will show how to mine AIPG, RVN, CLORE.AI, Neurai, Nexellia, Karlsen, Pyrin, Alph, Neoxa, Nexa, Zephyr, RTC, Dynex and other coins.

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0:00 GPU Mining Cryptocurrency in 2024
0:32 GPU Mining For Profit
0:30 Mining Crypto For Yield
0:47 The Coins I’m Mining in 2024
2:24 Mining Crypto for Profit
4:28 Accumulating AI Power Grid (AIPG)
5:39 My Profit Strategy
6:26 Why Unmineable Doesn’t Work
7:25 Mining Crypto For Yield
11:04 Mining Kawpow Before Summer

So what coin should you GPU mine in 2024 unfortunately it’s not an easy question there’s a couple different strategies you can choose and we’re going to go over those in this video the two main strategies for mining crypto are mining for profit or mining for yield and we’re

Going to get into those a little bit later but in short mining for profit is you’re checking for the most profitable coin every day or every couple days and then you’re switching all your rigs on the most profitable coin and then you’re going to sell that coin whenever you get

A payout mining for yield consists of finding a coin that has a low difficulty meaning not a lot of people are mining it and that way you get more coin for the same amount of GPU hasher let’s get into what coins I’m Mining and what strategy I’m using in 2024 so I’m

Currently mining for profit now a lot of more experienced miners will say that you’re going to get a much better bang for your buck if you’re mining for yield and then holding those coins but me as a smalltime minor I’m trying to squeeze every penny I can out of the minimal

Amount of gpus I have I only have 22 in my farm right now the one thing that I’m doing slightly different is that when I sell my coins every time I get a payout I’m not cashing them out to cash I’m actually selling them and then buying

The coins that I do want to accumulate in a way I’m kind of mixing between yield and profitability but I’m just mining the most profitable coins to get the most yield on the coins that I do want now if you ran a huge farm this would probably be too much to keep track

Of on a day-to-day basis but like I said earlier for me it’s not too bad and I’m trying to make this whole Farm as efficient as possible now if you decide to mine for yield that’s a little bit more of a hands-off strategy you might

Only need to check hash Ray in0 one or two times a week to check updated yield numbers and difficulties of different coins and then at that that point when you find one that has a difficulty that’s low enough that you would want to mine and accumulate that coin then you

Can switch your whole Farm onto that coin for maybe a week or two weeks at a time before you need to go back and update what you’re doing mining for yield is definitely a more hands-off uh passive approach and it can still be extremely profitable all right so when

We’re talking about mining for profitability what I’m currently doing let’s look at hashr and O and kind of break down how that works works so I’ve got my 22 gpus in here and I’m going to hit calculate with my 11 Cent Kow hour power and it’s going to pull up all the

Coins that we can mine in our current profitability so you can see neilia and that’s probably not pronounced right but that is what I’m mining right now is the most profitable coin at $10.79 in profit the next most profitable coin is only $632 in profit so

Neilia I is not a coin that I’m trying to hold right now it’s not a coin that I’m trying to accumulate because very new and I’ve looked at the white paper and the white paper doesn’t even call out the correct algorithm that it is right now the white paper calls out K

Heavy hash but you can see it uses Carlson hash so maybe you guys know why that’s wrong and maybe I’m writing it off too easily but to me if the white paper has the wrong algorithm that’s not a CO that’s going to stick around or it’s not specifically trustworthy it has

Seen an insane uh price appreciation in the last few days let’s pull that up real quick just in the last 24 hours nexil is up 150% so that is a big part of why this is the most profitable coin right now and unfortunately with my strategy I’ve been mining this coin for

The last 5 days probably and the downside of my strategy is when I’m I’m selling every time I get a payout so I’m not capitalizing on this huge price increase granted each time I do sell it’s slightly higher than the time when I was mining it but I’m not saving all

Of those coins that I mined over the last week and selling when it gets real high I’m selling him as soon as I get them because I fully expect this to tank at some point relatively soon so back to hashr in0 what coins am I trying to accumulate

Right now I had rodolph aipg in a past video and I think I may have done that too soon someone in the comments said hey take a second look at aipg it might not be as bad as you think and I did I went through the white paper and they’re

Promising a lot of things who knows if they’ll actually be able to do those things but one thing that did catch my eye is that if you have a th000 aipg and future development goes as planned they’re going to eventually introduce nodes and 1,000 aipg is the

Minimum amount to be able to run a node so the way I’m thinking about this is at a minimum I might as well accumulate 1,000 aipg over the next few months so that if things go as planned and they do release nodes that then I already have

The 1,000 to start my own node because I have a feeling that if the development does go as planned that the coin is going to be probably 3 or 4X from what it is right now and that node goes from currently about $250 worth of aipg to

Over $1,000 of aipg to get that node so I actually am trying to accumulate some aipg right now but with my profit strategy what I’m doing is I’m not mining aipg because if you notice it’s all the way down here Revenue $ 12250 profit $

349 so I’m going to be burning $9 a day in power if I mine aipg and that’s like $270 a month that’s pretty hefty for the power bill but if I just mine neilia then I can get about $15 a day in aipg when I

Mine Nexia and then sell it and then buy aipg I’m going to lose a little bit in fees but my power cost is only going to be $5 a day and that means my power bill is only going to be $150 at the end of the month which is obviously preferred

The easier way to do this is to use unminable um but I have a video coming out soon that kind of breaks down the unminable verse swapping coins and uh unfortunately unminable comes out far behind manually swapping on trade ogre I wish it didn’t because I would love to

Just have that hands off instant get paid out in the coin you want but by my calculations and I only did a day test but it still got to be within 10% of the correct numbers you’re looking at almost a 25% decrease in yield of the coins you

Want if you go the unminable route versus the trade every single day route all right so we discussed mining for profitability let’s discuss mining for yield I do this every once in a while but let me show you how I do it and what I think is currently the best way to

Find low difficulty coins if you have a better way definitely leave it down below because this is not the most streamlined process and I would love to find a better way to do this okay so if you’re mining for yield where do you find find these difficulty numbers of

These coins that you’re trying to find I normally use mining pool stats and you can see right here this is just the mining pool stats homepage and I normally sort by emissions so that you can see which coins are currently paying out the most each day but the only

Difficulty chart on this page is this 7day difficulty change right here and so that’s only showing s days and really when you’re mining for yield you’re looking for long-term trends if you’re mining for yield you want to be looking for coins that are at 6 months lows on

Their difficulty so that you’re getting more coins per hash than anytime in the prior 6 months so what I’ll do is I’ll search the coins that I want to check and so you can see up here I’ve got DX Raven CLA and this chart over here on

The right is the difficulty chart and it’s actually 6 months so this is more of the timeline that we’re trying to look at at so personally one of the main coins that I’ve been mining for yield when I do switch to yield and I will normally switch to yield when there’s

Not a huge difference between the most profitable coin and everything else at that point it’s not worth the hassle of swapping coins all the time so I’ll just mine uh the best yield coin that I’m trying to accumulate you can see DX it’s at 71 difficulty right now and you can

See at the peak within the last 6 months it was at 301 so right now you’re getting 4X the amount of DX coins for the same amount of hash rate than you would have back in October so this is where if you believe DX is going to go

Up in the future that you can make a lot of money accumulating a ton of coins while no one else is mining it and then when that price does go up you’re going to have a ton of profits let’s take a look at some of these other charts and

I’ll give you my thoughts on what I think of them ravencoin really hasn’t done too much let me know your guys thoughts on ravencoin um it was around back when I was mining ethereum and looking at the long-term price chart it’s been pretty flat doing nothing and

Um I want to say maybe I heard it was a relatively dead project maybe that’s not the case but let me know you guys thoughts on Raven it’s not something I’m considering accumulating or mining right now but chore you can see chor if you were mining in some of these lower

Difficulty times you would have gotten a lot more coin than what you’re making right now now so five all the way up to 45 so you’re making basically 9x less coins now than you were back in August so you can see how big of a difference that difficulty number makes n AI it’s

About about the same as what it’s been over the past 6 months so that technically is close to a 6-month low so that’s maybe not a terrible coin to look at to get into for yield neoa it’s at about a 6-month low that would not be a terrible coin to

Mind for yield either alium something funky is going on with this chart but alium as you know has gone way up in price so the difficulty is going to be way higher than it used to be but my second favorite coin to mine for yield right now is radiant and

That’s for a couple reasons one we’re basically at the lowest hash rate has been in 6 months and two is fpga and as6 will likely eventually come on to radiant and I’m trying to accumulate a decent bag before that happens the last thing I’ll note is I’m paying extra

Attention to kapal coins with low difficulty right now because I’m not I don’t want to mine these during the summer when my gpus are going to be in ambient temperatures of 90 or 100° in my garage this summer so I’m trying to accumulate as much Capal coins as I can

While it’s cool out and while I can get decent on my gpus so that’s about it hit that subscribe button I’ll see you guys next time Peace