Is altcoin mining worth participating in? How to calculate the income?

Altcoin mining is still worth participating, but it needs to be evaluated with caution. The profit calculation needs to consider the currency price, computing power difficulty, electricity bill and equipment cost. 1. Still-minable altcoins include ETC, RVN, ERG and KAS. 2. Whether mining makes money depends on the currency price, difficulty of computing power, electricity bills and equipment costs, and areas with low electricity bills still have profits.

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Is altcoin mining worth participating in? How to calculate the income?

In recent years, as Bitcoin mining has gradually been monopolized by large mining farms, many retail miners have turned to altcoin mining (such as ETH, RVN, ERG, etc.). But is mining still profitable? How to calculate the profit? This article will analyze in detail.

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1. Current Situation of Altcoin Mining in 2024

1. Which altcoins can be mined?

The main altcoins that still support POW (Proof of Work) mining include:

• Ethereum Classic (ETC) – After ETH converted to POS, ETC became the main choice for GPU miners.

• Ravencoin (RVN) – ASIC-resistant, suitable for graphics card mining.

• Ergo (ERG) – Low market capitalization but technologically advanced, using Autolykos algorithm.

• Kaspa (KAS) – The emerging PoW coin, adopting the GHOSTDAG protocol, but ASIC has dominated the market.

POS (proof of stake) coins (such as ETH, SOL) cannot be mined, and can only stake (staking) and earn interest.

2. Is mining still profitable?

Depends on 4 core factors:
✅ Coin Price – If the coin price rises, mining income may double.
✅ Computing power difficulty – More miners joining will lead to a decrease in returns.
✅ Electricity Cost – Areas with electricity bills below $0.1/kWh are still profitable.
✅ Equipment Cost – Second-hand graphics card/mining machine prices affect this return cycle.

Example (2024 data):

Currency	Computing power (1 RTX 3070)	Daily income (USD)	Electricity bill ($0.1/kWh)	Net income
ETC	60 MH/s	$1.2	$0.6	$0.6
RVN	30 MH/s (KAWPOW)	$0.8	$0.6	$0.2
ERG	120 MH/s	$0.9	$0.6	$0.3

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