best cryptocurrency to mine

Reputable publications like Forbes and Newsweek won’t stop telling that ‘it’s the future of the free market,’ and they are talking about cryptocurrency. Cryptocurrency is just about on everyone’s thoughts these days.

First cryptocurrency bitcoin, launched in the early 2010s created hype among people of the tech. Since then cryptocurrency has slowly become one of the most fascinating and innovative new ways of running virtually protected transactions. An era of technology, where ever more of our data and economical motion takes place online, cryptocurrency has begun to gain eminence as a new approach of decentralizing that process.

Many who depicts the new currency module acceptance in the near future, he’s not super wrong about cryptocurrency. In the last decade or so has seen a tremendous boost in crypto’s profile and on the same page a tide of new currencies for people to excavate. (Using Blockchain software to verify the crypto transactions)

Certainly, everyone knows Bitcoin, but the question might prompt in the head, what other cryptocurrencies are out there? In 2018, a glut of other cryptocurrencies have arrived, many of which have progressed substantial user bases and no shortage of financial value. If you’re looking to start mining cryptocurrency, you need to keep a close eye on which ones are on the hike and not hasty like memecoins and dogecoins.

Based on that belief, we’ve been keeping a close eye on cryptocurrencies that have good scaling ration in 2018; to help you decide which ones you want to start mining, we’ve arranged a proper guide to the best cryptocurrencies to mine in 2018.

What is Cryptocurrency Mining?

what is cryptocurrency miningIn the easiest way to explain, crypto mining is the processing of transactions with different forms of cryptocurrency, which are verified and added to the block chain’s digital register. Every single time, when a trade is done, a crypto-miner ensures the authenticity of data and updates the blockchain with this transaction. Crypto mining is competing with other miners to solve critical mathematical problems with cryptographic hash functions to update the data in the Blockchain.

The crypto-miner who solves the code first is rewarded. By doing this, he or she can authorize the transaction and earn a small percent of cryptocurrency of their own. To stay in the competition, a crypt miner needs to have a powerful computer with specialized hardware modified for mining purposes.

Bitcoin was the best cryptocurrency to mine until July 2017 or earlier that can be obtained without a hassle, today you require costly tools to mine the currency. So if you really want to start mining without being bankrupt, put a heavy focus on alternatives, some of the cryptocurrency still can be mined with the help of a usual CPU or GPU.

How to Do it?

In the year of 2010, you could efficiently mine Bitcoins with customarily configured pc like Pentium 4, but current requirements to mining have mounted in a new hike. Now, the best way to mine cryptocurrency is to establish a mining farm, a datacenter which technically armed with advanced CPUs, cooling system, and power supply to mine crypto. However, it will cost you a fortune, so it’s better to talk about an inexpensive, alternative

  • A CPU in your computer or mediocre powerful laptops is capable of doing sophisticated algorithm that can be used to collect some kinds of altcoins.
  • A smartphone can be used to mine crypto too!! For example, the ETN (electroneum) currency was built to attract several smartphone users to cryptocurrency adoption
  • A GPU (graphics processing unit) is a particular processing device, that’s also called a ‘mining ASIC chip.’ Its price fluctuates from $100 to $3,000, but it can be way more efficient than the approaches as mentioned earlier
  • Cloud mining refers to leasing equipment in a data house for a specific fee and gets crypto in its place. That’s the ideal option for those who don’t want to exploit their technical facilities for mining.

If you understand that your PC isn’t strong enough to mine correctly, you can do it together with other Internet users. Or you can join the cryptocurrency mining pool like Slush, BTC.com, 21 Inc. and blend to reach better processing efficiency.

Best Cryptocurrency to Mine in 2018

Based on that belief, we’ve been keeping a close eye on cryptocurrencies that have good scaling ration in 2018. To help you decide which ones you want to start mining, you already knew that you could mine crypto whether using CPU or a moderate GPU, so keep that mind here we illustrate the best cryptocurrencies to mine in 2018 with CPU and GPU distinctively.

Best Cryptocurrency to Mine with GPU

The cryptocurrency mining is a Complex process to solve dense mathematical algorithms by the brute force reckonings which require the GPU’s processing capabilities.

However, there are evident cryptocurrencies that accomplished advancements without requiring application particular integrated circuits and can effectively be mined through the GPUs. We create a list of some cryptocurrency to mine with GPU, and here they are

Bytecoin

bytecoinIt is one of the best cryptocurrency to mine with GPU, as it uses an efficient Cryptonote algorithm, in order to achieve harmony throughout its network. The cryptonote protocol enables the cryptocurrency to mine with GPU, as it plugs the most anonymous peer to peer Bytecoin transactions.

The official page of the cryptocurrency coin praises Xmrig, as one of the most dependable and simple mining software for Bytecoin. Precisely, there are three different variations of the software, each exclusively designed for the usage in CPU, GPU, and AMD graphic cards singularly.

  • Original authors are Pacific-Skyline, Am-Juarez
  • Initial release date 2014
  • Written in С++
  • Platforms are Windows, Mac, Linux, FreeBSD
  • Currency types payment system

Ethereum (ETH)

EthereumThis cryptocurrency s build in such a way so that it can be mined easily with GPU, moreover; supporting the decentralization of the cryptocurrency mining. Smart contract functions have empowered the developers and users around the world in order to develop their own dispread applications.

It’s revolving complete programming language. While they use firmness effectively for the creation and development of Smart contracts within the grid. Ethminer is one of the best cryptocurrency to mine with GPU.

  • Original authors are Vitalik Buterin, Gavin Wood, Joseph Lubin
  • Initial release date 2015
  • Written in Go, C++, Rust
  • Platforms are Linux, Windows, macOS, POSIX, Raspbian
  • Currency types Decentralized computing, Blockchain, Cryptocurrency

Zcash

ZcashZcash is a smaller cryptocurrency, though the assuring entry to the world of cryptocurrency shows a lot of potentials. It works to collect data of transactions transparent just like Bitcoin, but the adding feature is that the transparency is confidential and picky. This boost an extra level of security to these transactions, while blockchain still tracks and publish transaction data, though they don’t include sender, recipient, and amount data.

If you are looking to start mining Zcash, two of the best mining pools are and Nanopool.

  • The original author is Zooko Wilcox-O’Hearn
  • Initial release date 2016
  • Written in C++
  • Platforms are Linux, Windows, macOS, POSIX, Raspbian
  • Currency types Blockchain, Open Source Cryptocurrency

Best Cryptocurrency to Mine with CPU

Mining difficulty has increased over time; individual mining at home has become powerless to keep up with large-scale mining operations that use sophisticated mining hardware.

However, if you still want to use your PC to mine than there are alternative cryptocurrencies that you can mine. Here’s the story on three of the best of these cryptocurrencies.

Monero

MoneroMonero is another type of cryptocurrency. People consider it as the most advanced anonymous digital currency. Monero farming highly depends on a proof-of-work algorithm known as CryptoNight. This platform is with certain specifications that make Monero difficult to mine. To mine it, miner needs ASICs system. It is comparatively easy to mine Monero on your PC.

To mine with just your CPU, all you need to do is install Monero mining software. Only using your computer’s processing power, you can generate new Monero coins. However, you can increase your excavation by adding some quality graphics card from AMD or NVIDIA.

Don’t forget to download the official Monero desktop wallet in order to store your coins safely.

  • The original author is Nicolas van Saberhagen
  • Initial release date 2014
  • Platforms are Windows, Linux, macOS, BSD, Solaris
  • Currency types CryptoNight proof-of-work hash algorithm

Dogecoin

DogecoinThis one of a kind popular meme-based altcoin Dogecoin is another cryptocurrency that you can only use a CPU. At first, you need to download and install the official desktop wallet from the Dogecoin website and remember to encrypt your wallet to protect your coin.

Like other alt-crypto coins, this one can give greater output with an added graphics card. Best GPU supported mining software are CGminer, CudaMiner, and GUIminer. To mine with CPU, CPU miner is the best choice. The software is free to download.

CoinEx and MultiPool are standards of mining pools that you can search for mining Dogecoin.

  • Original authors are Billy Markus, Jackson Palmer
  • Initial release date 2013
  • Platforms are Microsoft Windows, GNU/Linux, IOS, Android

Vertcoin

VertcoinVertcoin is a fairly new altcoin that has been increasing in popularity in the past year. It uses the same database as bitcoin, which is a proof-of-work algorithm to verify transactions. Though, Vertcoin is also an ASIC-resistant.

The Vertcoin squad recently published an easy-to-use one-click miner. The miner is a graphical user interface miner that facilitates mining for both CPU and GPU users.

Once you did this, input the hardware that you are using, whether it’s a CPU or GPU.

Conclusion

Mining altcoins on your PC are possible if you have the right hardware and software, however; you may have to follow several guidelines, in order to keep your stashes safe. Laptops are not the right hardware for mining since they are likely to overheat. Moreover, you are to purchase additional cooling system. If you decided to race several graphics cards at once during the mining process.

Moreover, make sure that everything is up-to-date with the updates of the software you use. Mining software, cryptocurrency wallets, and even mining pools will offer update time-to-time. This will help protect you from any vulnerability as well as potentially escalate your competence as a miner.

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Dwayne A. StatenCrypto Analyst
My name is Dwayne A. Staten and I am a blockchain and cryptocurrency investor, advisor, and analyst. I have been blogging for more than eight years now. As analytics I focus on in-depth cryptocurrency analysis for my readers. The analysis of cryptocurrencies is an important step that all should follow before doing cryptocurrency mining or before investing in cryptocurrency. When I dove into cryptocurrencies, there wasn't much resource to seek help for. So, I decided to come up with a blog to help those who want to try their luck in cryptocurrencies. Cryptocurrency analysis for well-informed crypto mining, update on the prices of currencies and the latest news about the crypto market is the area that my blog offers helpful tips in. I have an MBA from the University Of Chicago Booth School Of Business with a concentration in analytical finance and a bachelor's in mathematics from the University of Colorado. I live in Washington DC with my wife and a son.

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