Which cryptocurrencies are worth digging in 2022? As the first cryptocurrency, Bitcoin has become more and more difficult to dig coins in recent years, and it is obviously a bit strenuous. So, what kind of currency is worth investing in mining?
Bitcoin is the most powerful and oldest cryptocurrency in the world. However, it is not the best cryptocurrency. You might think, which one is the best coin for me? Or, what is the top cryptocurrency that can produce extraordinary returns? Here are ten types of cryptocurrencies worth digging:
1.ravencoin (RVN)
Ravencoin is one of the most profitable tokens, mainly focusing on decentralized mining. It uses the name of George RR · Black Bird in Martin's fictional Vestlo world.
This cryptocurrency was launched on January 3, 2018 (the 9th anniversary of Bitcoin was born). The token aims to achieve seamless and instant payment. In 2019, developers launched a powerful tokens, such as using mobile wallets with seed phrases, better compatibility, and easy use of RVN voting.
The main goal of Ravencoin is to create an optimized blockchain to transfer the assets from one person to another. The main reason for it to be recommended to the miners is that it has been used in the X16R algorithm and the KawPow protocol.
Ethereum and Bitcoin are the basis for asset transfer. Ravencoin's total coin supply is US $ 21 billion, with a market value of more than 135 million US dollars.
The return on investment is 39%:
Algorithm: workload proof
Current price: 0.1634 US dollars
Hash function: x16r
Block mining reward: 5,0000rvn
2. Monroecoin (XMR)
Monero is a hash function using RandomX cryptocurrency. It is based on cryptocurrencies. Cryptonote has the greatest equity significance in mining and encryption.
Monroe coin is one of the most worthy cryptocurrencies in 2022, with a market value of more than $ 3 billion. It ranks 14th in the cryptocurrency market ranking, and is also a kind of resistance ASIC, similar to Verticoin.
The best part is to set up a mining device for this cryptocurrency. You only need to get the mining hardware with the wallet to configure it.
In addition, the issue time of cryptocurrencies is 2 minutes, but the maximum supply is not mentioned.
Current mining reward: 2.15xmr/block
Algorithm: workload proof
Current price: $ 456.56
Hash function: Cryptonightr
Network computing power: 1.86GH/s
Number of blocks: 2,272,762
3. Litecoin (LTC)
Litecoin is a MIT/X open source software project published under 11 permits. It is a point -to -point cryptocurrency, established in October 2011. Technically, it is the same as Bitcoin.
Mining Litecoin will never be a wrong decision because it is a powerful cryptocurrency and is widely used by users. In addition, it is using the SCRYPT protocol, which means you don't need to buy ASIC chips; and it can easily use GPUs for mining.
In addition, its volatility is smaller than other counterfeit currency, so it can be easily exchanged on various platforms. In addition, it is a high -speed coin with a lower transaction cost.
Investment return rate is 743.42%
Algorithm: workload proof
Current price: $ 359.08
Hash function: SCRYPT
Block mining reward: 12.5LTC
4. Ethereum Classic (ETC)
Ethereum classics are a cryptocurrency, which aims to maintain the original Ethereum blockchain. This spectacular encryption platform was launched in July 2016. At present, its market value has exceeded $ 13 billion. This cryptocurrency recently set the upper limit of the coin supply to $ 210 million.
It ranks 16th in the world's top cryptocurrency list. Ethereum classics are Ethash modified mining algorithms called Etchash, which supports DAPP and smart contracts.
It is very easy to start mining such cryptocurrencies, as long as you buy wallets and graphics cards that support this cryptocurrency. In addition, the blocking time of this cryptocurrency is 13 seconds less than another cryptocurrency.
The return on investment is 525.52%
Algorithm: workload proof
Current price: $ 292.10
Hash function: Ethash
Block mining reward: 3.2ETC
How to use GPU mining Ethereum classic:
Buy and configure GPU. Install Ether Classic Mining Software or other software GPU mining software that supports Ether Classic mining. ClaymoreDualethereum, EthMiner, Minergate, GMINER and NBMiner.
Study and join the mining pool: Ether Classic has multiple mining pools, including XNPOOL, EtherMine, 2Miners, F2Pool, Nanopool and MiningPoolHub.
Mining pool configuration wallet: This configuration is completed by mining software, depending on the relevant software. Some wallets can be used to generate wallet address AtomicWallet, Coinomi, Myetherwallet and many hardware wallets.
5.zcash (ZEC)
The design of this cryptocurrency has ASIC resistance, which makes the task of miners' mining coins challenging. Zcash was established in 2016.
ZCASH is not as fragile as other cryptocurrencies, so its long -term sustainability is not as fragile as other cryptocurrencies. Compared with other coins of Zcash, it is equipped with more privacy functions.
Traders usually prefer it because it is a simple and worry -free fake coin for transactions and sales. In addition, the commission here is also reasonable.
Zcash is classified as easy to minimize coins because its algorithm allows it to use GPU for mining.
The return on investment is -99.29%
Algorithm: workload proof
Current price: $ 307.11
Hash function: Equihash
Block mining reward: 10ZEC
How to use GPU mining zcash:
Buy on your computer. Install and configure your GPU. Install all the drivers, and then install the GPU mining software, such as NVIDIAEWBFMINER.
Set the wallet address. They include equipment for mobile devices Nighthawk wallet .ZECWALLETLITE, etc.
Download and install the ZCASH mining program. You don't need to download the complete zcash blockchain or miner with complex commands.
Register and configure the mining pool. Some of the mine pools that need to consider this cryptocurrency include zhash.pro.zpoolequihash.bitfly.2miners.luckPool and Minergate.
Start mining.
6. Bitcoin Gold (BTG)
Regardless of Bitcoin gold, GPU mining is incomplete. It is used for the best cryptocurrency for the GPU to get rid of. In addition to kicking out. ASIC is different from other cottage coins, and miners have the least investment.
The main purpose of this cryptocurrency is to reduce the risk of miners. The approach of Bitcoin gold developers is to minimize risks, so investors do not have to give up it, even if the price of cryptocurrencies has fallen sharply, BTGANTMINER. The best part is that you can guide your hash computing power on any coin you want.
To achieve the goal of transforming thermodynamic energy into digital assets. So, if you are considering mining cryptocurrencies, go!
The return on investment is -96.93%
Algorithm: workload proof
Current price: $ 118.7
Lollow function: zhash
Block mining reward: 12.5BTG
How to use GPU mining Bitcoin gold:
For example, creating a bitcoin on Guarda or AtomicWallet
Buy and install your GPU. For example, install the mining software UnmineableMinersoftware. Others include ewbfminer.optiminer and Claymore's zcash/btgminer.
Join the mining pool:
Including miningpoolhub.com.2miners.com.bsmith.io.zergpool.com.suprnova.cc.k1Pool.com.
Connect the mining pool to the hardware through the mining software. Each software has different requirements for the configuration of the mining pool, so be sure to check from the mining pool or mining software website.
7. Doge (Doge)
Dog currency is a cryptocurrency, which is composed of Billymarkus. This cryptocurrency was far ahead in the rebound of the cottage currency, breaking many records without any sign of slowing down.
First of all, it is a full -featured cryptocurrency that can store value and use it for transactions.
This tokens do not have the upper limit of supply, which means that it is not considered a tool for hedging inflation.
Use the SCRYPT protocol similar to Litecoin because it does not allow you to buy expensive machines, which will allow you to buy expensive machine Doge to add to your investment portfolio. However, this does not mean that you should use your personal computer or laptop to mine this coin. In order to make it seamlessly, you can use its GPU/CPU to ensure its efficient performance.
The best software using GPUs for mining dog coins includes CUDAMINER.CGMiner and Guiminer. However, if you use its CPU for mining this coin, please use it CPUMINER.
The return on investment is 216.51%
Algorithm: workload proof
Current price: $ 0.558
Hash function: SCRYPT
Block mining reward: 10,0000DOGE
How to use GPU mining dog currency:
Buy and set up GPUs. Install GPU mining software, such as CUDAMINER.CGMINER.EasyMiner.
Create Doge wallet: for example, in dogecoin.com.trustwallet.dogechain, etc.
Add a mine pool and use its configuration hardware: the dog currency mining pool includes AIKAPOOL.LitecoinPool.1coinPool.multipool and Prohashing.
Start mining.
8. Green Coin (VTC)
If you are looking for the best tokens, you can choose Vertcoin. Use this cryptocurrency Lyra2re to verify the workload of the transaction. ASIC resistance and classified as GPU mining coins.
Anti -ASIC showed that Vertcoin's founder decided not to limit my coins. This increases the possibility of an unpopular ASIC cryptocurrency. The possibility of fair distribution of cryptocurrencies globally is controlled by mining companies and mining pools.
Vertcoin has two pools according to your computing power, named Network1 and Network2 respectively. If you have more than two graphics cards, select Network1. If you have two or more graphics cards, select Network2. Remember to remember If you choose network 1, this coin supports NVIDIA and AMD graphics cards.
Algorithm: workload proof
Hash function: verthash
Block reward-25
Blocking time-2 minutes 30 seconds
Current price: $ 1.32
How to use GPU mining vertcoin:
Purchase GPU: There are hundreds of GPUs that can be used alone or in mining devices. They include NVIDIGEFORCERTX3060LHR or anything taller than it.
Download and install VTC wallet: you can download from the vertcoin website. After that, I would like to come up with a wallet address.
Select a mining pool based on reward and profit potential: you can use multiple mining pools here, including EasyMine.online.supernova.cc and MinInPoolHub.com.
Set your mining equipment and adjust the settings according to the manufacturer's related mining equipment GPU mining software. For example, you can use its CCMiner and SGMiner as tokens.
On the software, the specific mining pool (URL. Miner. Username and password) provided by its website to the mining pool you chose.
9. Caldano (ada)
Caldano is a powerful cryptocurrency and is expected to have a very bright future. Cryptocurrencies have flexible networks and fast transactions, providing seamless user experience. In addition, its USP also includes scalability, sustainability and interoperability.
Through transactions, mining and ETF investment in Caldano, you can earn enough money. First of all, it is a programmable blockchain with potential beyond Ethereum and Litecoin.
Cardano can be used as other applications and digital currency platforms. ADA also released products for identity management and product traceability. In addition, it is also used for Ouroboros to help create blocks and verify transactions on the blockchain.
Algorithm: Proof of equity
The return on investment is -2.64%
Market value -0.03734
Current price: $ 1.26
10. Grin (Grin)
Unlike Bitcoin, the supply of Grin is unlimited, which makes it attractive to mine tools. Its market value is US $ 66.87 million, and the circulation supply is US $ 72.54 million.
GRIN recently launched in 2019, allowing encrypted users to mine without investing in a lot of investment. In addition, the selection of cryptocurrency CUCKOO to resist ASIC by recycling.
In the long run, the process that follows the grid does not allow any remaining transaction information on the network to force its privacy.
Grin is a lightweight protocol application, which aims to be more scalability than other privacy currencies and lower storage density.
The return on investment is -95.43%
Algorithm: workload proof
Current price: $ 8.70
Hash function: Cuckarood-29.CuckToo-31.CuckAM-29
Mining reward: 60grin per piece
How to use GPU mining GRIN:
For example, set the GRIN wallet with the GRIN ++ wallet. You can also consider other similar Samourai.BreadWallet and Greenadress wallets.
Add one or more research GRIN mining pool: you can try separate mining pools, such as AEternitySolo.mimblewimblecoINSOLO.CortexSolo and Grinsolo.
Set up GPUs and install GMINER.OLMINER and GringoldMiner mining software.
For example, setting the mining software by setting up a .bat file and running miners.
thehourbitcoin.com
recallcoin.com
Type of cryptocurrency mining
There are two methods for cryptocurrency mining; according to your interests. You can think of it as a process, or you may be interested in the method you use.
1. Cryptocurrency mining as a process
a): CPU mining
CPU mining is a processor -based mining. The best part of the CPU mining is that you can get its CPU and experience the mining process to exercise it. Therefore, we are investing in GPU and ASIC first to try the CPU mining.
However, when this mining has passed, it is no longer used. There are many reasons, including:
It is very slow
The average hash rate is 0.7mh/second
High power consumption
CPU mining is far inferior to ASIC and GPU mining. You may not be able to successfully verify your transactions with it.
b): GPU mining
This is a graphics -based mining. Basically, this is the computer video card required by the game.
GPU miners are very flexible and have different cryptocurrencies with potential mining. If the market loses or looks up, this will allow you to switch between coins. In addition, it also has various advantages, especially in the field of games, video editors and streaming media.
The main disadvantage of GPU mining is that compared with ASIC, it consumes a lot of electricity. In addition, it also involves complex calculations. You may also need to wait patiently because it may take some time to restore initial investment.
c): ASIC mining
ASIC mining is suitable for specific algorithms. Dig cryptocurrencies on special equipment.
First, it is a computer component built for specific types of applications. However, it is better than CPUs and GPUs in terms of performance, because its operation speed is much faster than both, and the hash rate is as high as 14th/s. Therefore, it will bring greater profits in general.
2. cryptocurrency mining as a method
For miners who are not proficient in technology and just want to enjoy this project without technical knowledge, this is an ideal choice. These miners have different encryption methods, including:
a): Mining alone
As the name suggests, this is a personal mining you start working after buying your own device. Independent miners do not rely on other miners, and they will be rewarded every time they unlock new coins.
Although the reward is full of hope and attractiveness, competition is also challenging for a single mining. If the miners want to be the first person to verify the transaction, they need to invest a lot of funds.
Only when you have a lot of money to invest, you can consider mining alone.
b): Mining pool mining
Not everyone can invest a lot of funds to minimize the best coins. Developers have found a way to solve this problem, that is, mining pool mining.
This method promotes the process of encrypted mining and received returns. In order to join this huge mining pool mining ocean, miners need a server, which combines the computing power of all other miners. They want to join the mining pool. Therefore, this method increases the possibility of getting rich rewards by unlocking new coins.
c): cloud mining
After checking the high -priced equipment required for mining, those who want to reduce the risk of the risk and the cloud mining options.
The main advantage of cloud mining is to help expand the availability of cryptocurrencies. In addition, the technology also allows encrypted users to rent computer power supply from industrial mining services.
Therefore, you can easily find the best cryptocurrency, the least investment. In addition, you can exit at any time without any additional investment pressure.
Cryptocurrency mining clause:
Hash rate-Miners have the opportunity to speculate the hash multiple times.
The design D design of GPU-GPU rendering 3. GPU can produce more than CPU guessing.
CPU-CPU This is the computer's brain, which handles the command of information. In addition, this is the cheapest method of mining cryptocurrencies.
ASIC-special integrated circuit is a chip designed for mining cryptocurrencies. However, they consume a lot of electricity, but one of the best mining resources.
The main purpose of the mining machine-mining machine is to increase the beh rate of the secondary, because it is a CPU, a GPU and ASIC combination chip.
Proof of workload -when it involves the security of any cryptocurrency, the workload proof is very important. This is because it makes the deceitful encryption network very expensive and almost impossible. The work proof is the process of guessing hash, which is the basic security function of most blockchain networks.
The above content introduces which cryptocurrencies are worth digging. If you want to make money by investing in mining, you can choose one of the ten types of cryptocurrencies that are worth digging above and earn benefits for mining.
What coins are worth mining? 10 best cryptocurrency to mine in 2022