Cryptocurrency is the digital currency that is not regulated by any central authority. It is mined using high-end computers and software by solving complex algorithms. There are various cryptocurrencies available in the market which can be mined using the procedure. Although you might be confused about choosing the best cryptocurrency which will be the better choice for mining. In this article, we will discuss the best cryptocurrency available for mining.
Best Cryptocurrency for Mining:
There are various cryptocurrencies available for mining, even if the Bitcoin is the most famous one still there are several others that are best for the purpose. These are the best cryptocurrencies for investors. You need to know that GPU is much required for mining these cryptocurrencies on your computer.
- Ethereum (ETH):
This is an open-source cryptocurrency on the Ethereum network, which is having many similar functionalities like most of the cryptocurrencies. This entire digital currency is based on the Ethash proof algorithm, and you can mine it by using 4 to 6 GPUs. It is recommended to choose the best quality of GPU for mining which will provide you with a good quantity of the outcome. NVIDIA and AMD GPUs are recommended for mining this digital currency.
- Ethereum Classic (ETC):
This particular digital currency is having similar coding and Ethereum is inspired by this. Another Ethash proof algorithm but it is having higher block rewards compared to Ethereum. This is one of the most profitable digital currency which can be mined using GPU rigs. NVIDIA and AMD are the recommended brand of GPUs for mining Ethereum classic cryptocurrency.
- BitTube (TUBE):
This is one of the most recommended cryptocurrencies which is basically advisable for value miners. It is a peer-to-peer transactional digital currency, along with that it is also having a live streaming platform along with censor-free video sharing. It is completely based on blockchain technology and IPFS. This platform is much similar to YouTube but it is having an ad-free environment. Viewers and creators can earn TUBE, which is entirely depending on the air time, subscription and various other factors. Just like most of the cryptocurrency, it is also recommended to use Nvidia and AMD GPU for mining this digital currency.
- Bitcoin Gold (BTG):
If you are familiarised with the mining of digital currencies, then you have probably heard of Bitcoin gold. Bitcoin gold is a fork of Bitcoin which was developed in the year of 2017. It is also having similar block timing and block reward compared to Bitcoin itself. It uses the Zhash algorithm which ASIC resistant and best for mining with GPU.
Wrapping Things Up:
Before you start mining any cryptocurrency you need to keep few things in mind. Cryptocurrency is the long-term investment that is used for trading and getting profit by buying and selling. We have collected complete information about the best cryptocurrency for mining from different sources and posted them in this article for you. Share this important article with others, so that they get to know about the best cryptocurrency for mining.