WWhen it comes to mining, the most important factor to consider is profitability. However, some novice miners can misinterpret this metric. It doesn’t just depend on the price of the coin.
You also need to consider the cost of running a cryptocurrency mining rig, the amount of cryptocurrency you can get per day, the number of blocks you need to mine to make a profit, and so on.
We recommend that you use a mining calculator to calculate the profitability of future mining operations. To see how much profit you can make in a day, enter the cryptocurrency, hardware, hash power, etc. to be mined.
Keep in mind that mining is a long-term investment and the crypto market is volatile, so those who are making a profit today may lose money tomorrow.
These are some of the best ciphers to mine in 2022.
Ethereum (ETH)
When it comes to choosing cryptocurrencies to mine, many choose the second most popular cryptocurrency and the original smart contract launch pad. However, in most cases, the more people who try to mine one coin, the more profitable each will be. This is because the reward for each block is halved and tripled, and the coins have reached the total supply. Faster.
Ethereum Classic (ETC)
To recover from a DAO attack, Ethereum had to perform a hard fork in 2016. Ethereum Classic, as the name implies, is a slightly modified and upgraded version of the original pre-2016 Ethereum. It can be mined using the CPU and graphics card.
MonaCoin (MONA)
Monacoin is a Litecoin fork. Thanks to Lyra2RE (v2)’s Proof of Work hash algorithm, it is one of the best cryptocurrencies for mining with GPU miners. All you need is a secure hardware wallet and a hardware device that can mine coins.
Vertcoin (VTC)
Create Vertcoin using Lyra2REv3’s Proof of Work hash algorithm. This cryptocurrency is resistant to ASIC mining. That is, you can only mine using the GPU or CPU. This was done to ensure a more equitable distribution of coins, as ASIC-compatible cryptocurrencies are frequently mined by centralized ASIC mining companies and pools, significantly reducing the democracy of the process. To facilitate decentralization, Vertcoin creators have made coins ASIC resistant. Decentralization is one of the original ideas behind cryptography.
ZCash (ZEC)
Another ASIC-resistant cryptocurrency is ZCash. The company that created it also focuses on privacy and helps to gain traction in the crypto world. This coin is more difficult to mine because it is ASIC resistant, but it is worth it. Coin prices are more stable and reliable, making them suitable for long-term investments, as they cannot be mined with ASICs. ..
GRIN
Grin is a completely open source community-driven cryptocurrency. 60 grinning blocks are mined every minute and one coin is generated every second indefinitely. With fixed block mining rewards, such linear emissions increase supply consistently while lowering inflation. This design not only guarantees the long-term security of the blockchain, but also makes the mining process more equitable and democratic.
Monero (XMR)
Monero is one of the most popular coins in mining and for good reason. Due to the unlimited supply, mining difficulty does not rise as fast as Bitcoin, the price is high and it is in the top 44 in the market. Capitalization. It has a bright long-term future. Monero is one of the most profitable cryptocurrencies to mine in general.
RavenCoin (RVN)
RavenCoin uses the KAWPOW algorithm. It’s ideal for beginners as it’s one of the easiest cryptocurrencies to mine on the GPU. This coin is in the top 100 by market capitalization, making GPU mining a viable option.
DigiByte (DGB)
Based on UTXO technology, DigiByte processes network transactions using five different independent algorithms. This technology supports a variety of mining options such as ASICs, GPUs and CPUs to maximize the profitability of DGB mining.
Eternity (AE)
AE uses the CuccooCycle hash to combine the Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to allow miners to create blocks while validating transactions.
Due to its unique approach to the network and speed of operation, Aeternity is currently one of my most profitable coins.
