Bitcoin

Which Cryptocurrency is best for Mine?

Getting Started:

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.

Where Cryptocurrency is Illegal?

Getting Started:

Cryptocurrency at the future of digital payment with digital currencies around the globe. If the investors are looking for buying and selling cryptocurrency then they should consider various points. Most of the cases, the legal or illegal status of cryptocurrency is entirely depending on the country and the location along with the activity. In this article, we will discuss where the cryptocurrency is illegal around the globe.

Countries Where Cryptocurrency is Illegal:

In most of the parts around the globe, cryptocurrency is welcomed. But due to several security reasons, various countries have banned them from using. Although it is unclear about the banning cryptocurrency due to decentralization, as they might be a threat to the financial system in that particular country. 

Cryptocurrencies are not having any proper regulation, and they are pending to be approved of getting regulation. From March 2019, 9 different countries around the globe have officially waiting for the pending regulation and the uses of cryptocurrency officials. The countries are listed below.

  1. Afghanistan
  2. Pakistan
  3. Algeria
  4. Bangladesh
  5. Bolivia
  6. Vanuatu
  7. Saudi Arabia
  8. The Republic of Macedonia
  9. Vietnam

Although there are several illegal activities being done using cryptocurrencies which is rather impossible to trace. This could be one of the major reasons for a few of the countries being banning them in order to avoid illegal activities. Most of the cases cryptocurrencies are used for funding terror organizations and transfer illegal funds across the countries. 

Officially these countries have restricted Bitcoin and you cannot use cryptocurrencies for any mode of payment. As a result, any financial service providers and banking institutions are restricted to using cryptocurrency exchanges. So basically, it is illegal to use cryptocurrencies in these countries due to severe restriction.

  1. China
  2. India
  3. Indonesia
  4. Ecuador
  5. Zambia
  6. Morocco
  7. Egypt
  8. Nepal
  9. Qatar
  10. American Samoa

Even after ban and restrictions in several countries, there are no available for stopping the usage of cryptocurrencies. As it is not regulated by any authorities, so it is basically impossible for the country to ban it entirely. Various uses and investors are still using cryptocurrencies in these countries by using various websites for trading purposes. 

Until and unless the user is having an accessible internet connection, then they can easily use cryptocurrencies as there is no provision in such countries. Even most of them are using VPN are various other services in order to mask their IP address in order to use cryptocurrency services. Still, it is recommended to restrict the usage of Bitcoin or any other cryptocurrency in case your country has officially restricted or banned it.

Wrapping Things Up:

Most of the countries are providing support for cryptocurrencies, but still, there are few of the countries where it is still not supported. We have gathered complete information regarding the status of cryptocurrency being legal or illegal from different sources and posted them in this article for you. Share this useful article with others, so that they get to you know about countries where cryptocurrencies are illegal.