The graphics card used for profitability calculations will be the Geforce GTX 1080 Ti as it is currently the most efficient card and all-rounder as of today. Profits will be calculated at current market prices for the coins, and Bitcoin's price at $8,200
The days of making crazy profits from GPU mining are over, but miners have not given up hope. Instead of mining popular alt coins such as Ethereum and ZCash, miners have been searching for newer startups in search of massive profits. Ravencoin being one of those coins. If you were lucky enough to stumble upon this project a few months ago when there were only a few people mining it, you could have made upwards of $100/day/Ti or even more if you sold at Raven's all time high of 917 satoshis. But profits are nothing compared to what they were then.
As Bitcoin began its latest bull run on April 12th, Raven has continued to lose value day after day. Today Raven has been trading around 400 satoshis, less than half its all time high it saw at the end of March. With the price falling and difficulty rising, profitability has been falling fast. About three weeks ago you could easily make $5/day/Ti, but today you would be lucky if you could make $2. With those profits, you would be better off mining something off Whattomine. So in this article we will explore a two alternatives to Ravencoin that currently have higher returns.
The first coin we will be exploring is Lux Coin ($3.20/day/1080Ti)
Lux Coin launched back in October of 2017 and is a proof of work/proof of stake hybrid using the Phi1612 algorithm and masternodes. It's a promising project with some unique features and with a solid road map.
Unlike Ravencoin, the price have Lux has been rapidly climbing in this latest bull run and profits have been soaring. Profits may only be $3.20/day/Ti (and even more if you stake your profits) but if Lux continues to rise like it has been and you hold Lux instead of selling, these profits could be significantly higher.
A much newer project is Frozen ($3.13/day/1080Ti)
With newer projects like this, the risk is very high but the potential rewards are much higher. Frozen launched just a few days ago, and was listed on graviex.net yesterday. If you were to sell today you'd make around $3.13 a day, but if you were to hold as the project picks up steam this could be much more. Who knows, this project could be the next Raven and profits could be insane, or it could be a complete scam and you would lose anything you put in it. But who knows. If you are willing to point some of your rigs towards Frozen for a few days with the possibility of making nothing and just wasting electricity, but with a chance of huge profits - this may be the coin for you. There aren't many pools supporting this coin yet, but the yiimp I use and like is gos.cx.