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    12 Best Cryptocurrency To Mine [2022 Review And Comparison]

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    Crypto mining is a good opportunity for individuals to earn passive income. It is a process in which transactions for various cryptocurrencies are verified and then added to the blockchain digital ledger. If you’re one of the people interested in knowing which is the best cryptocurrency of mine, you have landed on the right page. Below, we will be making a list of cryptocurrencies and their advantages for mining.

    How can you mine cryptocurrency?

    Mining cryptocurrency is pretty easy. All you need is connecting a GPU or ASIC miner to a mining pool. Mining pools are required to combine the hash rate of computer processing power to increase the chances of winning block verification. Before investing I think you should know about How to Identify Fake Cryptocurrency?

    Pro-tips regarding the best cryptocurrency to mine 2022

    1. For mining the best cryptocurrency, it must generate the highest returns.
    2. Online calculators can be used to compare the returns for crypto mining.
    3. Choosing a mining platform that requires you to spend thousands of dollars on mining hardware is not wise.

    With skyrocketing valuations, cryptocurrencies are becoming more popular. Find out which cryptocurrencies could be the Next Cryptocurrency to Explode 2022.

    Fact check for crypto mining

    Due to the pandemic, many people have been involved in gaming and crypto mining. That increased the global shipment to 29.1%. It is expected that 21% of PU owners will be using GPUs in the next 5 years.

    Frequently Asked Question

    1. Which cryptocurrency is most profitable for mining?

    Answer: Currently, the best cryptocurrencies to mine are Ethereum, Monaco, Monero, Vertcoin, Grin, Monero, ZCash, Bitcoin Gold, Haven, Ravencoin, and Litecoin.

    2. Which cryptocurrency is best to invest in?

    Answer: Bitcoin, Litecoin, Ethereum, Cardano, Binance Coin, Ripple, Tron, and Dogecoin are currently the best investments. But to choose the best, you also need to understand cryptocurrency trading, ETFs, mining, and other ways of investing in cryptos.

    3. Which cryptocurrency is easy to mine?

    Answer: The answer is Monero. It can be mined using browser extensions and free software over websites.

    Full list of the top cryptocurrency to mine

    The complete list of well-known cryptocurrencies to mine are as follows- 

    1. ECOS
    2. Vertcoin
    3. Grin
    4. Monero
    5. ZCash
    6. Ravencoin
    7. Haven Protocol
    8. Ethereum Classic
    9. Litecoin
    10. Ethereum
    11. Monacoin
    12. Bitcoin Gold

    Reviews and specification of the best cryptocurrency to mine in 2022

    1. ECOS 

    Best suited for long-term investment.

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    ECOS Bitcoin mining is only profitable under certain conditions. And one of the best BTC mining providers.

    Advantages:

    • The company provides both ASIC mining and Cloud mining.
    • It has a convenient calculator on the website for choosing a mining contract.
    • Withdrawal starts from 0.001 BTC.

    Site: Cloud mining of cryptocurrency: Bitcoin (BTC) – profitable contracts | ECOS company

    2. Vertcoin

    Best suited for individual miners on the pools.

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    After Litecoin, Vertcoin was created as crypto minable by GPU. It was created to work as a GPU-mineable alternative to Bitcoin. It is one of the best cryptocurrency to mine because it supports GPU mining, and the network is decentralized as possible.

    Advantages:

    • VerthashMine can be used to mine the crypto.
    • Miners can mine individually or through a GPU mining pool.
    • Supports mining with GTX 1080, 1080 Ti, Radeon RX 560, Vega64, RTX 2080, and GTX 1660 cards.

    Specification:

    Algorithm E.g. Proof-of-Work
    Hashing function Verthash
    Network Hashrate 4.54 GH/s
    Options to mine GPU, FPGA

    Site: Vertcoin – Decentralized Peer-to-Peer Digital Currency

    3. Grin 

    It is Best suited among private transactions for individuals and companies.

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    Grin is one of the top cryptocurrencies to mine since it facilitates private transactions between individuals or platforms. The platform doesn’t allow public viewing of this amount sent or sending and receiving addresses.

    Advantages:

    • It can be mined with free software like Gminer, GrinGoldMiner, Cudo Miner, and lolMiner.
    • Users can mine using solo mining with ASICs.
    • Users can mine on different pools such as 2miners and f2pools.

    Specifications:

    Algorithm Cuckatoo32 mining Proof-of-Work algorithm
    Hashing function Cuckatoo32
    Network Hashrate 11.84 KGps
    Options to mine GPU, ASICs

    Site: Grin

    4. Monero (XMR)

    Since it is mined with CPUs, it is best suited for beginner miners.

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    Monero is considered one of the best privacy-minded coins and blockchains. It enhances the non-traceability of transactions. It has complete privacy crypto that is best for mining.

    Advantages:

    • Doesn’t use too much power when mining with CPUs.
    • Miners don’t need an expensive GPU.
    • Since 1 Monero is mined every 24 seconds, the miners get about 4.99 XMR as a reward.

    Specifications:

    Algorithm proof of work algorithm
    Hashing function RandomX; CryptoNight
    Network Hashrate 2.64 GH/s
    Options to mine x86, x86-64, ARM and GPUs, ASICs

    Site: Home | Monero – secure, private, untraceable (getmonero.org)

    5. ZCash

    Best suited for individual miners preferring private transactions.

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    Zcash is a privacy coin that ensures the confidentiality of transactions. Per transaction is as low as 0.0001 Zcash. 

    Advantages:

    • It has ASIC resistance. 
    • Very cost-effective for miners with CPU, for which it is one of the best cryptocurrency to mine.
    • Miners can also use Optiminer and EWBF Cuda software for optimization.

    Specifications:

    Algorithm proof of work algorithm
    Hashing function SHA256 hashing function
    Network Hashrate 6.76 GS/s
    Options to mine CPUs, GPU

    Site: Privacy-protecting digital currency | Zcash

    6. Ravencoin (RVN)

    It’s best suited for beginners and low investment mining.

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    It uses a peer-to-peer network trading of assets from one party to another. Crypto is based on the Bitcoin fork and trading assets from one party to another. It is considered one of the best cryptocurrencies to mine as it is preferred by beginners to start their way through.

    Advantages:

    • Allows people to mine at low initial costs since it cannot be mined with ASICs.
    • GamerHash also supports it.
    • The reward for generating a block is 5000 RVN.

    Specifications:

    Algorithm KawPoW (X16R) type of proof of work algorithm
    Hashing function  
    Network Hashrate 6.93 TH/s
    Options to mine GPU, CPUs

    Site: Home | Ravencoin

    7. Haven Protocol (XHV)

    Best Suited for holders.

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    It is based on Monero. It allows the user to convert, transfer and store monetary value directly from the wallet without involving any third party.

    Advantages:

    • It has features such as RingCT and stealth addresses for private transactions.
    • It can be in mine with the similar software that is used to mine Monero.
    • It is one of the best cryptocurrencies in mining which allows storage of monetary value in a stable form to avoid volatility crashes.

    Specifications:

    Algorithm RandomX
    Hashing function CryptoNightHaven variant
    Network Hashrate 42.162 MH/s
    Options to mine GPU, CPUs

    Site: Haven Protocol XHV – Private Money

    8. Ethereum Classic

    Best suited for the companies and organizations for running smart contracts.

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    Ethereum Classic is a fork of Ethereum which preserves the principle “Code is the law.” It facilitates individuals and organizations to execute smart contracts that work on the blockchain with minimal human interference.

    Advantages:

    • Mining is possible on a VPS server.
    • The reward for the Ethereum Classic block reward is 3.2 ETC.
    • Miners can mine the crypto using a variety of pools, including 2Miners, Ethermine, f2pool, etc.

    Specifications:

    Algorithm Etchash algorithm
    Hashing function Ethash
    Network Hashrate 31.40 TH/s
    Options to mine GPUs

    SIte: Ethereum Classic

    9. Litecoin (LTC)

    Best suited for individual investors and miners.

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    Litecoin cryptocurrency operates on the Litecoin blockchain, which employs Scrypt proof of work algorithm. A new block only takes 2.5 minutes to produce, making it one of the popular cryptocurrencies to mine among miners.

    Advantages:

    • The reward per block is 12.5 LTC.
    • Has the option to switch GPU from CPU mining.
    • Mining pools for Litecoin include Litecoinpool, MinerGate, LTC.top, Antpool. F2pool, and ViaBTC.

    Specifications:

    Algorithm Scrypt and a stream function known as salsa20
    Hashing function Scrypt
    Network Hashrate 352.97 TH/s
    Options to mine GPU, ASICs

    Site: Litecoin – Open source P2P digital currency

    10. Ethereum(ETH)

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    Eternium has earned its position as second after Bitcoin. One of the great successes of Ethereum is smart contracts.

    Advantages:

    • The reward for each new block is 2 ETH plus the transaction fee.
    • Compatible with ETHminer, CGMiner, WinEth, BFGMiner, Geth, EasyMiner, T-Rex, and Lolminer. 
    • The mining pools of Ethereum are Ethpool, NiceHash, Nanopool, and Dwarfpool.

    Specifications:

    Algorithm Proof of Stake and Proof-of-work algorithms
    Hashing function PoW and PoS
    Network Hashrate 525.12 TH/s
    Options to mine GPU, ASICs

    SIte: Home|Welcome to Ethereum

    11. Monacoin (MONA)

    Best Suited for personal miners.

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    Monacoin was first introduced in 2013 December. It has a very active community-based in Japan. The popularity gained through similar meme coins like the Dogecoin.

    Advantages:

    • You can mine Monacoin for a very small fee.
    • The reward per block is 12.5 MONA.
    • ASICs are not needed for mining.

    Specifications:

    Algorithm Lyra2REv2 algorithm
    Hashing function Lyra2REv2
    Network Hashrate 73.44 TH/s
    Options to mine GPU

    Site: Monacoin project

    12. Bitcoin Gold

    Best suited for individual miners.

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    Bitcoin Gold was introduced to support the scaling of the blockchain. It has implemented replay protection and a unique wallet address to increase safety and security funds.

    Advantages:

    • The reward for each new block of Bitcoin gold is 6.25 BTG.
    • Softwares that support the Equihash algorithm are GMiner, CUDA miner, EWBF Cuda Equihash Miner.

    Specifications:

    Algorithm Proof of work Equihash-BTG algorithm
    Hashing function Equihash-BTG
    Network Hashrate 2.20 MS/s
    Options to mine GPU
     

    Site: Bitcoin Gold | Make Bitcoin decentralized again

    How can I recover my stolen cryptos online?

    If your crypto wallet is stolen then rest assured there is a way to recover. Brokercomplaintalert.com Is one of the best sites where certified blockchain experts will recover the stolen crypto for you for a fee. You can directly contact them and all the information you will share will be strictly confidential.

    Want to know How the recovery system works? then read another article about – Bitcoin & Cryptocurrency Scams – Get Your Money Back!

    Fill in your details and one of our representatives will contact you within 1-2 business days

    Final verdict 

    Hence, The best coins and cryptocurrencies in the market offer low-cost mining options. It is important to know that it should be cheaper to start mining. And for the cheapest option, you can mine Monero and Ravencoin. It can be mined using CPUs with normal computer hardware resources.

    But if you want to select the best cryptocurrency to mine in 2022, then Bitcoin and Ethereum are by far the best choice.

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    Comments (6)

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      March 30, 2022

      […]  The price at which the NFT is asked to be created is quite changeable. Ensure that you have at least 100$ worth of Ether, but keep in mind that the minting procedure might cost you significantly more, depending on the daily operating price of the cryptocurrency. […]

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      March 31, 2022

      […] The Ethereum blockchain is used to power the majority of popular metaverse games in which players may purchase real estate. As a result, you may conduct the bulk of your purchasing and selling activities using ETH, as the vast majority of commodities available for purchase are sold as NFTs. Having various metaverse games on the same blockchain is convenient since it simplifies access, but the popularity of the Ethereum blockchain/the NFT ecosystem has surely contributed to the huge increase in the price of the cryptocurrency. […]

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      […] A cryptocurrency blockchain is built on transactions. Cryptographic hashes and other critical information are stored in a chain of connected data blocks. A blockchain comprises blocks of data transactions uploaded to the ledger. This increases transparency by enabling network users to see their transactions uploaded to the Blockchain. Review and compare the best Cryptocurrencies to help you understand how to mine cryptocurrency, and select the best cryptocurrency to mine. […]

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      April 16, 2022

      […] it has been one of the worst-performing top 10 cryptocurrencies today and in the last several days after reaching an 8 percent loss in the past seven days. The […]

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