Suppose you’re looking for ways to earn extra income in your spare time; consider crypto mining. This is one of the simplest ways to monetise your computer. In this article, we’ll look at the top ten cryptos that are currently profitable to mine.
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Bitcoin is the original cryptocurrency and remains one of the most popular options on the market today. It’s easy to mine, has a high degree of liquidity and can be exchanged easily for other currencies such as US dollars or Euros. As it was designed with ASIC-resistant algorithms, anyone with basic hardware can start mining Bitcoin, making it one of the most accessible cryptocurrencies.
The second-most popular cryptocurrency is Ethereum. It’s been around for some years and is already worth a significant amount of money – approximately $917 at the time of writing. While not as simple to mine as Bitcoin, the algorithm used by Ethereum makes it possible to generate Ether with even basic hardware, making it an ideal choice if you’re looking to get started in crypto mining without paying too much upfront.
Monero is another ASIC-resistant coin that has become quite popular in recent years. It has excellent privacy and security, which means you can easily trade or hold onto your coins without worrying about your transactions being tracked. Furthermore, Monero is a good option if you’re looking for a profitable mining platform – it uses around three times less electricity than Bitcoin and offers consistently high payouts.
Verge is another privacy-focused cryptocurrency that has been gaining popularity in recent years. It features some of the best transaction speeds in the industry, making it ideal for trading and long-term storage purposes. Like Monero, it’s also an excellent choice for people who want to get started with crypto mining but don’t have large amounts of money to invest upfront. The algorithm used by Verge means anyone with even basic hardware can get started generating XVG relatively quickly and easily.
Bytecoin is another cryptocurrency designed to be ASIC-resistant and straightforward to mine. Its efficiency and ease of use is why people trade it and why it’s quickly gained popularity among the crypto community. It’s also relatively easy to trade Bytecoin for other currencies if you find yourself with too much on your hands – just like Bitcoin, you can quickly sell it in exchange for Euros or US dollars.
Dash is one of the most popular cryptocurrencies in existence today. One of its main selling points is its transaction speed. As long as you have a good miner, you’ll be able to complete transactions almost instantly without having to pay high fees or worry about your privacy being compromised. Like many other choices on this list, Dash can be traded for Euros or US dollars relatively quickly, making it a good choice if you want to keep your crypto holdings liquid.
Zcash is another popular privacy-focused cryptocurrency that has quickly gaining traction in recent years. It’s still relatively new but offers excellent speeds and security, making it a great option if you want to get started with crypto mining without spending too much money upfront. Furthermore, as the development team behind Zcash has made a significant effort towards being ASIC-resistant, anyone with basic hardware will be able to mine this coin without paying exorbitant electricity costs or investing large sums of money upfront.
Vertcoin was designed to be ASIC-resistant, making it an excellent choice for anyone looking to get started with crypto mining. Vertcoin’s algorithm was explicitly built to prevent ASIC miners from being used in the network, which means you can easily mine this coin even if you only have basic hardware at your disposal. Furthermore, as it has already become a popular and well-traded coin, you’ll be able to sell Vertcoin relatively quickly if you ever find yourself with too much on your hands.
Litecoin is one of the most established names in cryptocurrency today. It was invented by Charlie Lee in 2011 and quickly gained popularity due to its high degree of liquidity and ease of use. As it uses the same SHA256 algorithm that Bitcoin does, it’s relatively easy to mine Litecoin even if you don’t have specialised hardware. Furthermore, as the network has been around for a long time and is pretty popular, you’ll be able to trade or sell your coins on most crypto exchanges without having to pay steep fees or go through a lengthy verification process.
Ethereum is one of the largest cryptocurrencies today and is considered by many experts to be the “next Bitcoin.” Unlike Bitcoin, however, Ethereum was designed with smart contracts built into its architecture – this allows users to create automated programs that run on top of the Ethereum blockchain and are capable of making independent decisions based on data they receive from other parties. This makes it ideal for people who want to use cryptocurrency to create automated programs or make any other type of transaction that requires an independent decision to be made.