Cryptocurrency Mining in 2023; The Most Lucrative

Dogecoin (DOGE)

The rapid growth of Dogecoin has been quite outstanding compared to many other coins that were launched at the same time and for the same reason as it. Following the influence of Elon Musk, the Chief Executive Officer of Tesla, on Dogecoin, the cryptocurrency has been widely adopted by both traders and miners in the cryptocurrency community.

Monero (XMR)

XRM fluctuates up and down almost every time, this is another reason why it should be on your watchlist of the best crypto to mine. Due to Monero’s anonymity, which is the ability to keep the identity of a sender unknown on the blockchain, it is widely adopted. Other reasons for its profitability include the commitment of its developers to keep it ASIC-resistant. Confidently, home miners will likely always find Monero mineable using a simple Graphics Processing Unit.

Peercoin (PPC)

Peercoin was launched about 11 years ago. It’s one of the few coins that works on both PoS and PoW systems. Owing to the commitment of its developers, and also being the most energy-efficient coin to mine, Peercoin is no doubt one of the most profitable coins to mine.

Horizen (ZEN)

Horizen is a profitable Graphics Processing Unit crypto miner owing to its efficiency among ASIC miners. Just like Monero, Horizen also hides senders’ identities, thereby promoting security and anonymity.

Vertcoin (VTC)

The only requirement for mining Vertoin is a Graphics Processing Unit and a special type of miner that can be downloaded, after which you can join a mining pool. While also being ASIC-resistant, Vertcoin mining is widely adopted.

Bitcoin Cash (BTC)

Bitcoin Cash has some properties in common with Bitcoin. However, Bitcoin Cash was created as a better version of Bitcoin because transactions take more time on Bitcoin. While mining Bitcoin has always been quite profitable, Bitcoin Cash seems to be catching up with great speed due to its rapid adaptation.

Ethereum Classic (ETC)

It is worth noting that Ethereum Classic cannot be mined by just any Graphics Processing Unit but with ASIC machine or a special GPU. Since the Merge, Ethereum Classic has been greatly upgraded by its developers. By being energy efficient and having a high level of scalability, Ethereum Classic has no reason not to be among the best coins to mine.

Vergecoin (XVG)

Being open-source, Verge is open to any interested miner in the world. Just like Monero and Zcash, Verge also hides the details of all the participants in a transaction, including the Ip addresses. Due to its security and scalability, Vergecoin is mostly used in private business transactions and on adult sites.

Litecoin (LTC)

Litecoin is no doubt one of the few coins that gained massive adoption in their early years. To mine Litecoin, a common GPU is needed. Just like Bitcoin Cash, Litecoin is also an improved version of Bitcoin.

Bitcoin (BTC)

Bitcoin was launched in 2009. Beginning at a very low price below 1$, Bitcoin found its way into the thousands of dollars just a few years later. Though joining a mining pool to mine will be more efficient and profitable, mining yourself too can be quite profitable even after factoring in your electricity bill.

Mining won’t always remain easy to access or profitable, so therefore, the best time to get started is now.

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