When it comes to mining, some myths or mixed-up opinions circulate in the crypto market. As an investor, or if you are planning to enter this market, you must know the depth of the best cryptocurrency to mine, which we will try to summarize in this article.
Don’t assume that the price of a coin will lead you to profit; there are several other factors, too, which include crypto mining rig capacity, uncertainty which increases the risk factors, etc.
There are some of the best cryptos to mine in 2022:
Here is some best cryptocurrency to mine for beginners, so you will surely get an idea of what to mine and how:
1. Ethereum
After Bitcoin, it is the fastest mining cryptocurrency & second most popular and legitimate coin for investment. People are making substantial profits from mining. It’s a solo coin by earning maximum reward from each block which is excellent from an investing point of view.
2. Ethereum Classic
Its mining can be done with the assistance of a CPU and graphics card. You can call it an updated or premium version of essential Ethereum to have some worthy modifications, and it was introduced.
3. Monacoin (MONA)
Monacoin Mona is one of the best cryptocurrencies to mine with GPU and is a trusted coin for a secure investment. But keep in mind that a wallet in hardware format is required with a hardware device to perform mining in this coin.
4. Vertcoin (VTC)
Similar to other cryptocurrency coins, vertcoin mining can only get possible through GPU or CPU access. ASIC mining was a technique that promoted monopoly, and there was less freedom to move for other cryptocurrency coins. Vertcoin was established to keep all currencies balanced, which was mined before in fixed mining hardware, etc. To enhance decentralization, vertcoin played an initial role.
5. Zcash (ZEC)
This coin is also an impactful cryptocurrency working on a similar rule of boycotting ASIC mining to demolish centralization. The key element of this bitcoin is its high-profile privacy element, making it more compatible and strong in the coin mining industry. This coin can help you generate a less risky profit as a safe investment, allowing investors to choose it for long-term investment planning.
6. Grin
The method of this coin is unlike others. They produce a single currency in a minute by 60 grins per second. This coin ensures you a fixed amount of return which clears investors’ doubt, and that’s how they increase their supply. It strengthens the overall blockchain process by avoiding centralization in which other coin mining coins cannot get traded in the market. With these principles, they are earning investors’ attention and trust.
7. Monero (XMR)
You can count this one in an ongoing list of best cryptocurrencies to mine. Monero is being traded with unlimited supply, which makes the process of mining more convenient due to fewer hurdles and mining difficulties. Although it is costly compared to other cryptocurrencies, it is undoubtedly said it is the most profitable cryptocurrency with a reliable and secure investment.
8. Raven Coin (RVN)
Raven coin mining is the most accessible crypto to the mine due to its defined algorithm and safer investment and return process less complicated than other competitors. You must go for it if you are considering the best cryptocurrency to mine with GPU. Moreover, it is ideal for beginners.
9. Digibyte (DGB)
This cryptocurrency works somehow from the principles and procedures of the cryptocurrencies mentioned above. They focus on generating a higher profit by supporting both centralization and decentralization, which means that they are in favor of GPU and ASIC mining. Investors consider this as they are operating by adopting a unique mindset and ideology.
10. Aeternity
This mining cryptocurrency works by ensuring that every transaction must be free from any fraud or scam. To minimize these factors, they allow miners to mine and have their transactions cleared during the process. Investors appreciate their methodology as they are the most profitable crypto to mine.
