Which Cryptocurrencies to Mine?
Which Cryptocurrencies to Mine – better Bitcoins or others?
Before revealing which cryptocurrencies to mine, let´s disciss first, what Cryptocurrencies are. Cryptocurrencies are virtual currency units that are becoming increasingly popular as a means of payment.
Making the right choice is necessary to mine cryptocurrency profitably in 2018. Many new cryptographic currencies have appeared lately.
Nowadays, it’s no longer necessary to use only Bitcoin, even if the cryptocurrency is one of the most popular with a high value. It’s almost impossible to mine them without the help of special equipment.
Another point to consider is how to handle mining multiple cryptocurrency types. They are not inaccessible at their asking price and can be mined without any particular difficulties.
Even with an everyday computer, mining efforts can yield impressive results. As you can see, there are more possibilites about which cryptocurrencies to mine.
Of course, you can also mine Bitcoins on your laptop, but doing so is inefficient and unprofitable. However, it’s important to show caution when choosing which cryptocurrencies to mine.
Which cryptocurrencies to mine? Make the Right Choice
Don’t look at the current price of the cryptocurrency, but rather how easy it is to mine and what profit projections look like. For example, if it grows in price, it will be able to recover the investments spent on its extraction. In addition, the choice of cryptocurrency and mining service depends on whether it is possible to withdraw funds.
Which cryptocurrencies to mine? The Best Cryptographic Currencies for Mining
Everyone is interested in simple but profitable ways of making more money, even when this money has a virtual format. However, if the currency can be exchanged for real money, it means that a real deal is to be had and deserves special attention.
These currencies can be assigned to several virtual delegates. This article aims to uncover the most promising cryptographic currencies online today.
They can be mined from virtually any device, including a conventional computer, provided it has a sufficient processor speed and an appropriate graphics card.
It’s important to remember that the choice of graphics card is a rather vital matter, due to the fact that using a video card was abandoned during Bitcoin mining. It simply became too expensive.
As a result, income from mining is practically lost against the background of costs. This article outlines the most promising alternatives that are beneficial for planned 2018 cryptocurrency mining.
Which cryptocurrencies to mine? A Selection of Popular Cryptocurrencies
Ethereum. This currency still seems like an heir of Bitcoin, but it is growing incredibly quickly. It only cost 40 dollars at the beginning of 2017, and 893 dollars one year later.
But currency is unstable and this must be recognized. There are inherent leaps in the price – if it costs more than $800 dollars today, the price may drop to $600-700 tomorrow.
Therefore, you should consider whether this currency is worth it before investing in mining.
Lightcoin. Another very interesting choice for mining. The cost of this cryptocurrency won’t make you sweat, with modest prices of £250 per piece. The competition in the mining of this cryptocurrency is minimal, which makes mining it relatively easy.
In addition, experts say that Lightcoin is the most stable currency available and its exchange rate is subject to minor jumps.
Dash is a promising currency was added to the rating recently. This is one of the youngest options out there, but it has already received plenty of attention.
Experts say that it has a chance to grow to several thousand dollars. Consider that the asking costs were $11 just a few months ago, yet are an impressive $1,165 today.
Each of these cryptocurrencies can be described as the most profitable choice for mining, but only thorough practice will show whether this is truly the case.
What Crypto-Based Currencies Actually Mine?
Some will say that mining in 2018 is no longer profitable and many will agree with this statement. However, the validity of this ultimately depends on the choice of currency you’re focusing on.
Bitcoin Mining is certainly no longer profitable, but what other options are out there? Turn to the service website “WhattoMine.com” for more input on which cryptocurrencies to mine.
This service is specially designed for those working in mining. It allows you to calculate the most profitable cryptographic currency that you can with your graphics card or ASICs.
On the page, select which type of hardware (graphics card or ASICs) you are using, then enter the correct information in the requested fields. Performance of your equipment, including hashing speed and energy consumption, are essential pieces of info that need to be entered.
When done, hit “Calculate” and you will get information about how much you can earn if you mine this or that – which cryptocurrencies to mine.
Cryptocurrencies to mine – Mining On What?
CPU (mining on the processor). Given the current complexity, such a mine is no longer profitable.
Mining on the operative memory, for example, if the currency uses the encryption algorithm Scrypt. You could mine, but it’s not really very profitable nowadays.
GPU (Mining on the graphics card). The disadvantages of this method are quite great. The energy consumption and the price of a good graphics card are pricey, but despite these disadvantages, this type of mining is by far one of the best options out there.
For example, in comparison to the same mining on the ASICs, you can always sell on the graphics card at a good price. There is always a demand and in the case of damage, it can be replaced during its warranty period.
The best graphics card for mining is the GTX 1070 with 28 Mh/s, along with cheaper versions like the RX 470 and 480.
ASICs (Application Specific Integrated Circuits). These units have been specially developed for the mining of cryptocurrencies.
However, the high costs and the high risks are a downside, since they are difficult to repair in the event of damage. This is the conclusion about which cryptocurrencies to mine.