Cryptocurrency has various ways to earn and few of them are very familiar with everyone, but every time we are asking for one query that what are the best cryptocurrency to mine.
We all know, cryptocurrency got the popularity in the year 2017 when bitcoin touched its all-time high of $20,000 /BTC.
Before jumping into Best cryptocurrency to mine, let me first tell you the way on how to mine.
As I said earlier because of the popularity of cryptocurrency. Now a day’s it is very hard to mine any cryptocurrency.
But there are around 2000+ cryptocurrencies actively traded in the market which are known as Altcoins and you can mine them easily using few sophisticated
Cryptocurrency mining using Desktop
Desktop or CPU which has good enough RAM and a decent processor could help you to mine less competitive cryptocurrency.
Cryptocurrency mining using Mobile
This time the new era of mobile mining came into the picture, where trending coins like Electroneum are building open new technology to mine their coins like ETN using Mobile phones.
Cryptocurrency mining using Cloud Computing
The best part of Cloud mining is, you could buy resources for a specific period of time for mining purposes on rent and release them when you achieved your target.
Cryptocurrency mining using GPU
A Graphical Processing Unit (GPU), is the best way to mine cryptocurrency which is also known as ASICs Chip, which you could purchase from 100$- 2000$ and can mine efficiently.
Above provided ways are simple and cheaper ways to mine any cryptocurrency but it depends on what altcoin you want to mine and mining device you choose for.
Now let me introduce to you, what cryptocurrency you should focus on mining
Top 7 Best Cryptocurrency to Mine With GPU or CPU
This guide is focused on only CPU or GPU mining as it makes your job easier to mine easily with very few or close to nothing investment and in some cases using your own existing mobile or PC.
In the cryptocurrency world after Bitcoin if you have heard any name then I am sure it would be Ethereum(ETH).
Ethereum was introduced back in the year 2015 and become the second most popular choice of the crypto world because it introduced the concept of smart contract on top of the blockchain technology.
If we talk about the price of Ethereum, it is the second-largest cryptocurrency in terms of the price after Bitcoin and of course total market capitalization.
It is backed by a very strong community and big enterprises, if you do not know then probably you should check Ethereum Enterprise Alliance.
Because of its popularity, it is obviously hard to mine but not that much difficult as compared to Bitcoin, and of course
Uber, Airbnb, and many other enterprise solutions have started using Ethereum blockchain as their test projects, if got successful it would change the era of technology.
To learn more on what is Ethereum and why this is more important to mine, I recommend having a look at the future of Ethere
When it comes to answering how to mine Ethreum(ETH)?
Ethereum could be mined using two ways :
This means it supports mining using a few bucks graphics card or to get more reward you can also join the mining pool.
If you made your mind to mine Ethereum then probably the next level is to check the detailed guide on how to mine Ethereum
Monero (XMR) is an open-source cryptocurrency created in April 2014, which was more focused on providing secure, private and decentralized transactions platform.
Monero got exponential growth in the year 2017, it helps you to run your own bank where your transaction would anonymous and no one can track your activities.
There is an entire nation, North Korea is using Monero on the dark web market. Due to nationwide interest, it might have a bright future and could be the best cryptocurrency to mine for future purposes.
The best part of Monero is you can mine this using your CPU or GPU, it is not that much hard to mine.
When it comes to how to mine Monero (XMR)?
The official website recommends to install its own GUI version of the wallet and you could start mining Monero –find here more detail.
In a similar way, you can also mine Monero through the mining pool and here is a list of trusted mining pools – Pool list
I am not sure how many of you are aware of this hidden jewel but it seems like this could be the new face of cryptocurrency.
Electroneum was introduced first in the year 2017 and it is based on mobile mining technology which changed the form of crypto mining.
Electroneum offers the very first way to mining cryptocurrency through mobile devices. Which means no more need for expensive hardware or special setup.
As usual like other cryptocurrency mining using the GPU or CPU you can install the desktop application and can start from the very first day.In South Africa, many retailers have started accepting ETN to purchase mobile airtime and data and that is why I would highly recommend you to start mining of best cryptocurrency Electroneum (ETN).
Dash coin is forked from the Bitcoin protocol in the year 2014, which provides fast transaction which can not be traceable and that is why been mostly used in the dark web.
How to mine Dash Coin?
Mining of Dash coin can be done using CPU but mining through GPU can give you more rewards
Litecoin was introduced back in the year 2011 by an ex-Google engineer Charlie Lee, it was introduced to overcome the drawback of Bitcoin.
Litecoin is a peer to peer digital cryptocurrency and it offers close to zero payment fees. It is also a decentralized currency which is a much popular and well-known name after Bitcoin (BTC) and Ethereum (ETH).
How to mine Litecoin (LTC)?
Litecoin mining can be done through CPU or GPU by installing software like CPU Miner and GPU Miner and the other ways are through the mining pool.
If you have decided to mine Litecoin then why can’t you have a look for a detailed guide on Litecoin Mining?
If willing to earn free Litecoin then do not miss, Free Faucet for Litecoin and many other cryptocurreny (ETC) – Best Cryptocurrency to mine with GPU and CPU
Etehreum classic was the hard fork of Eteherum after the DOA Attack in 2016. There is a long history behind the community support of Etherum and Eteherum classic.
Almost everyone is aware of Dogecoin, the most familiar and fun of cryptocurrency.
All the fan following of Dogecoin call themselves as Shibes!
It was launched back in the year 2013 and did great contribution in helping the community, where the best example is the Dogecoin community raised 50,000 USD to send the Jamaican team to the winter Olympics.
But how to Mine Dogecoin?
Dogecoin is not that much complicated as it is also working on Proof of Work mechanism and the difficulty level is very low as compared to others.
If willing to mine then you can use three recommended ways.
- Use AMD GPU to mine the dogecoin for maximum results.
- You can also mine using your traditional CPU.
- You can participate in mining pools
Conclusion on Cryptocurrency Mining
Before investing in any mining device first make sure to identify the potential of that cryptocurrency to which you are willing to mine.
But above-provided cryptocurrencies will not cost that much to set up mining software.
This time to mine any cryptocurrency is a dream for each Crypto trader. Because that gave them the opportunity to grab free Coins.
If you are investors and also looking for the top 10 best cryptocurrencies to invest in 2019 then I would recommend reading an article that has a detailed analysis by considering 2016-2019 history.
If you are really interested in investing cheap AltCoins which are emerging right now than you should check for the below list.
Facebook has recently launched its own Libra coin to rule the crypto world, if you are willing to explore on Libra then check the detailed guide on 7 Key Points of Libra coin.
I tried my best to share the best cryptocurrency to mine using CPU or GPU. All the above-provided currencies have future potential for growth.