Introduction to Crypto Mining
Crypto mining offers an amazing opportunity to earn a passive income. Mining is the means of generating fresh crypto coins and verifying the transactions involving latest coins. You can earn specific rewards if you happen to take part in the mining process. If you wish to mine cryptocurrencies, you have to be aware of essentially the most profitable ones offering top mining rewards.
Best Crypto To Mine
This list incorporates the name of the highest most profitable crypto assets and the explanations to speculate in them.
1. Bitcoin
Despite the rise of altcoins and various other cryptocurrencies, Bitcoin has retained its value because the star of the crypto market. You can mine Bitcoin using powerful ASIC computers and compete with other miners to validate its blocks. Though there may be loads of competition in Bitcoin mining, you’ll be able to still earn an excellent profit by joining a mining pool. At the time of writing, 1 Bitcoin is $21,436.36. Its market cap is $409,207,323,472, and a circulating supply of 19,078,293.00 BTC. The current hash rate of Bitcoin is 197.04 EH/s. You must follow the Proof-of-Work mechanism for mining Bitcoin. You can find an enormous variety of crypto wallets that support Bitcoin, including:
- Exodus
- Electrum
- Ledger Nano X
- Mycelium
- Trezor Model T
- Ledger Nano S
2. Ethereum
Sitting just behind Bitcoin in the full market cap is Ethereum. Due to the network’s multiple options to diversify your assets, Ethereum has recently gained much popularity. At the time of writing, 1 Ether coin is valued at $1,231.38 with a complete market cap of $13,267,287,341 and a circulating supply of 121,318,526.37 ETH. The current hash rate of Ether is 926.39 Th/s. You can mine Ether using the identical methods as mining Bitcoin. However, Ethereum plans to shift to the Proof-of-Stake (PoS) mechanism for mining. The best wallets for Ethereum are:
- MetaMask
- Trezor
- Rainbow Wallet
- Guarda
- Argent
- Atomic Wallet
- Jaxx
- Exodus
- MyEtherWallet
3. Ravencoin
Ravencoin is a beginner-friendly crypto coin you’ll be able to mine using GPU-based mining systems. The KawPoW hashing algorithm used on the network makes it ASIC-resistant. Miners can earn as much as 5000 RVN for each valid block they add to the mine. Currently, one Ravencoin is trading at $0.02659. At the time of writing, it has a market cap of $279,144,868, and 10.47B RVN is the full circulating supply. It has a hash rate of three.24 Th/s. The supported crypto wallets are:
- Electrum community wallet
- Atomic Wallet
- Cobo Wallet
- Coinpayments Wallet
- Crypto.com Wallet
- Dove Wallet
- D’CENT Wallet
- Exodus Wallet
- Edge Wallet
4. LiteCoin
LiteCoin mining is loads just like Bitcoin mining. It uses the SCRYPT protocol that lets you mine with a straightforward GPU-based system. However, if you wish to step it up, you’ll be able to put money into a correct ASIC system and mine with a pool. At the time of writing, this crypto coin has a hash rate of 367.97 TH/s, and one LiteCoin trades for $57.94 while the present market cap is $4,086,311,325. The total circulating supply is 70,594,143.78 LTC. The best wallets to store this coin are:
- Ledger Nano X
- Ledger Nano S
- Trezor T
- Ledger Live
- Electrum LTC
- Litecoin Core
- Lite wallet iOS
- Jaxx
5. ECOS
ECOS or EcoDollar may be an amazing alternative if you happen to are on the lookout for a long-term investment. At the time of writing, one ECOS is the same as $0.0002146. It has a complete circulating supply of 100,002,530,027 ECOS. You can use ASIC computers or cloud mining services to mine this cryptocurrency. This blockchain uses the Proof-of-Work (PoW) consensus mechanism. It generates 1 million latest coins per 30 days, and as compensation to the coin owners, EcoDollar awards additional coins to owners who put money into their MasterNodes server. ECOS has a mining wallet to store its coins and supports Windows, Linux, and Mac.
6. Vertcoin
This is a novel coin; you’ll be able to only mine it individually or through GPU mining pools. You cannot use a CPU or ASICs to mine this digital coin. To mine individually, you’ll be able to easily download the one-click miner from Vertcoin’s website. At the time of writing, 1 Vertcoin has a price of $0.1543, a market cap of $9,940,361, and a complete circulating supply of 64,438,735.00 VTC. 1.4063 GH/s is the present hash rate of Vertcoin. You can use the next wallets for Vertcoin:
- Trezor Model T
- Trezor One
- Ledger Nano X
- Ledger Nano S
- Coinomi
- Vertcoin Core Wallet
- Guarda Wallet
- Edge Wallet
- Paper Wallet
- Vertcoin Exchange Wallet
7. ZCash
ZCash is a cryptocurrency that is ideal for individual miners. You can mine on this blockchain using GPU systems and the EWBF Zcash Miner Windows miner. You also can mine using CPUs which makes it very beginner-friendly. As it’s ASIC-resistant, this blockchain can have less competition and be easier to mine. You also can use GUI miner, console & Android mining app. Each block takes 75 seconds to mine, and also you get a reward of three.125 ZECs. At the time of writing, one ZCash coin trades for $66.38. The market cap is $975,706,062, and the full circulating supply is 14,695,418.75 ZEC. The current hash rate of ZCash is 7.79 GS/s. The best crypto wallets for ZCash are:
- Nighthawk
- ZecWallet Lite
- Edge
- Unstoppable
Conclusion
If you would like to make considerable profits and earn rewards through crypto mining, consult with this list of essentially the most profitable cryptos to mine. The most profitable cryptos to mine are those that provide low-cost options. Although Ravencoin and Vertcoin may be great for beginners, Bitcoin and Ethereum ought to be your preference.
