CryptoMarkets

Best Coins to Mine: Top 5

0

Cryptocurrencies are today at their peak. As we write this article, the price of Bitcoin is over $40,000, and the good news is that you can earn cryptocurrencies for free.

For example, in 2009, you could mine Bitcoins from your computer, and mining one block would have given you 50 BTC in return.

Those 50 BTC would be worth $2,068,000 today. So, the best time to start mining cryptocurrencies is right now. And remember, mining Bitcoin is not the best option. Keep reading so you learn which the best coins to mine today are.

What are the best cryptos to mine?

We must say that we can’t answer this question without considering some key factors. First, although one thing is for sure, Bitcoin is not the best crypto to mine today.

To find out which crypto is the best, you need to think about what you need. In general, it depends on two different things: which crypto is more profitable and which one is easier to mine.

About the easiest one, we have to refer to the resources required to mine. Here, probably the best crypto to mine is Monero which doesn’t require an ASIC. Instead, you can use a CPU or a GPU, making it accessible to beginners.

Among the most profitable ones are Vertcoin, Litecoin, Ravencoin, and others. The profitability, however, is dependent on the electricity consumption and cost in your area.

Top three steps to mine

Many investors and crypto fans mine for fun or to make a profit. Everyone has a different approach on how to mine to make the best out of the mining. However, three steps are common for successful miners. Let’s take a look.

Study

Even if you are investing just a little, it is essential to research and analyze the market before investing. Then, search for the coins whose future seems brighter and your possibilities to invest in them, so you can see some results that motivate you to keep doing it.

Getting the equipment

Some cryptos allow you to mine with little resources, but that is not the case for the most important ones. Most coins require some specialized technology. Also, the electric supply must be reliable and cheap. This impacts directly on the profitability.

Don’t set and forget

The idea of generating incomes without looking at the machine is attractive, but in a volatile market such as cryptos, one must follow the market and adjust. That’s why, when investing in equipment, you consider buying equipment that allows you to mine other coins in case the one you started mining plumbs.

Vertcoin (VTC)

VTC chart

VTC chart

Vertcoin is a digital currency that can transfer between two recipients on the internet. Vertcoin’s (VTC) original mission remains intact: to deliver a financial system whose users own it despite constantly changing market conditions.

What is Vertcoin?

David Muller created Vertcoin in 2014 to address the problems Bitcoin faced in keeping the mining for the small users on their laptops and computers. Instead, Vertcoin is an ASIC-resistant coin seeking a more democratic and decentralized currency not controlled by big corporations or banks.

How to mine Vertcoin?

Vertcoin is a cryptocurrency as any other based on blockchain technology. However, Vertcoin uses a Lyre2REv2 algorithm compared to other cryptocurrencies, so it cannot be mined by ASICs but only for CPUs and GPUs.

VTC price prediction 2025

VTC price chart 

VTC price chart

VTC is currently quoting at $0.4586. It reached its highest price in December 2017, quoting at $12. For 2025 we expect the coin to consolidate above $1.4, but it could even get over $2.

Monero (XMR)

XMR chart

XMR chart

Monero uses a special form of cryptography to ensure that its transactions are 100% untraceable and unlinkable. Monero (XMR) is a cryptocurrency that relies on the Crypto Note protocol to ensure privacy.

What is Monero?

In 2014, Monero was released as a coin intended to improve privacy and decentralization procedures. Monero is famous for its low hardware requirements.

How to mine Monero?

You can mine Monero through Windows, macOS, Linux, Android, and FreeBSD, and it can be performed on most computers since it doesn’t require ASICs like bitcoin. Instead, Monero’s website lists the hardware compatible with its mining.

XMR price prediction 2025

XMR price chart 

XMR price chart

XMR is currently quoting at $241.4. It has been trending up since March 2020, and it reached its highest price in May 2021 when quoting at $520.5. By 2025 we expect the coin to reach its all-time high and keep rising at least $700.

Ravencoin (RVN)

RVN chart

RVN chart

Unlike other blockchains, Ravencoin is centered on peer-to-peer asset transfers. As with Monero, RVN is focused solely on asset transfers.

What is Ravencoin?

It is a network created to transfer assets from one user to another with peer-to-peer transactions (P2P). It was launched in 2018 and built on a Bitcoin fork. Its name is a reference to the TV show Game of Thrones.

How to mine Ravencoin?

Like other cryptos fitting to avoid centralization, Ravencoin can only be mined with GPU and is ASICs-resistant. In 2020, it adopted the algorithm KAWPOW to allow more people to mine Ravencoins and not let ASICs mine most coins.

RVN price prediction 2025

RVN price chart 

RVN price chart

RVN is currently quoting at $0.0950. It reached its highest price in February 2021, quoting at $0.2903. For 2025 we see Ravencoin still far away from even $0.5. Instead, it looks like it will consolidate close to its all-time high and consolidate close to it

Ethereum Classic (ETC)

ETC chart

ETC chart

With Ethereum Classic, you’ll find decentralized smart contracts, meaning that there will be no downtime, censorship, or fraud in the operation of your applications.

What is Ethereum Classic?

Ethereum Classic was formed in 2016 from a hack on Ethereum. The original crypto was divided into two. Ethereum classic is the identical blockchain that began the network, and what we now call Ethereum is the new Ethereum.

How to mine Ethereum Classic?

It uses the algorithm Ethash to be ASIC resistant, but now it is possible to mine with ASIC. However, you can mine Ethereum Classic from your PC with CPU and GPU, so all three options are suitable for mining this token.

ETC price prediction 2025

ETC price chart

ETC price chart

ETC is currently quoting at $47.07. It reached its highest price in May 2021, quoting $175. As with all cryptocurrencies, it is difficult to predict how a coin will perform, but we see ETC over its all-time high by 2025 and close to $200.

Aeternity (AE)

AE chart

AE chart

Along with providing a platform for decentralized applications of the future, Aeternity is also an open-source blockchain protocol that aims for scalability. Erlang is a functional programming language that powers the platform. Similarly, Sophia is an available language.

What is Aeternity?

Aeternity claims to be a smart contract blockchain network that is decentralized. The coin also claims to amend the error of Ethereum, which makes it run faster than other currencies.

How to mine Aeternity?

Aeternity is based on the Cuckoo Cycle algorithm, which supports GPU and CPU mining. So, just create an Aeternity wallet, install the mining software and start mining through your GPU or CPU-based machine.

AE price prediction 2025

AE price chart

AE price chart

ETC is currently quoting at $0.0839. It reached its highest price in April 2019, quoting $0.7228. We expect the crypto to be below $1 in 2025 but above its all-time high.

Best 5 five exchanges for buying cryptocurrency

Once you start mining and getting some cryptos into your wallet, you may want to trade them to buy other types of cryptos and diversify your portfolio. Some of the best exchanges for crypto buying are:

  • Coinbase
  • Binance
  • Gemini
  • Cash app
  • eToro

True Range Pro Review

Previous article

Happy Neuron Review

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Crypto