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CoinChoose.com

CoinChoose.com provides mining profitability charts for mining various crypto-currencies.  These currencies or “Alt-Coins” are essentially “knock-offs” of Bitcoin with some parameter changes.  Note that mining profitability depends on the “hash rate.”  Some coins use different algorithms for the “Proof of Work” such as SHA256 and Scrypt.  The hash rates of the different algorithms cannot be compared directly because they use different methods.

SHA256 has specialized computer chips (ASICs) that work very fast.  Scrypt uses a memory-intensive process that prevents the SHA256 specialized systems from working so the average person can still mine.  However, those algorithms attract botnets that take over user’s systems to mine for the botnet operators.

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