Regarding mining crypto currencies, there is no all-purpose answer. The best crypto to mine depends on a number of factors, including the crypto currency’s popularity, price, and difficulty.
Cryptocurrencies that are more popular tend to be more profitable to mine because there is more demand for them. However, these currencies are also typically more difficult to mine because the competition is higher.
Price is also a factor to consider when deciding which crypto currency to mine. If a currency is worth more, you will obviously make more profit by mining it. However, it is important to remember that the price of a crypto currency can fluctuate greatly, so what may be profitable today may not be tomorrow.
Finally, difficulty plays a role in deciding which crypto is best to mine. The difficulty level refers to how hard it is for miners to solve the mathematical problems needed to add new blocks of transactions on to the block chain. Currencies with a higher difficulty level are typically less profitable because they require more work for less reward.
Vertcoin
The Vertcoin team is committed to keeping the coin ASIC-resistant and decentralizing the mining process. To do this, they have implemented several unique features, including Stealth Addresses and Atomic Swaps.
Stealth Addresses allow users to create public keys that are not publicly linked to their real identity. This increases privacy and security, as well as helps to prevent fraud and theft.
Atomic Swaps allow two parties to swap coins without the need for a third party exchange. This helps to keep costs down and makes Vertcoin more versatile than other coins that require exchanges.
Vertcoin also has Lightning Network support, which allows for instant transactions without the need for confirmations from miners. This makes Vertcoin ideal for small purchases or micropayments.
Grin
Grin was launched in January 2019 by John Tromp and Andrew Poelstra. Its supply is capped at 60 million coins. Grin’s Proof of Work algorithm is Cuckaroo29, which is ASIC resistant.
Grin’s main advantage is its privacy features. It uses zero-knowledge proofs to allow for anonymous transactions. Grin also has no block chain, which makes it more scalable than other crypto currencies.
However, Grin does have some disadvantages. Its lack of a block chain means that it is more vulnerable to 51% attacks than other crypto currencies. Additionally, its small community means that it has less liquidity than other coins.
Monero
Monero is a decentralized crypto currency that focuses on privacy, security, and fungibility. It is one of the leading coins in the space and has a strong community backing it. Monero is mined using a proof-of-work algorithm and can be mined with CPU or GPU hardware.
ZCash
Regarding privacy and anonymity, Zcash is one of the best crypto currencies out there. Transactions on the Zcash block chain are completely private and secure thanks to the use of zk-SNARKS technology. This makes it very difficult for anyone to track or spy on users of the currency. Additionally, Zcash is ASIC resistant, meaning that it can’t be mined with specialised mining hardware. This makes it more accessible to miners who don’t want to invest in expensive equipment.
Zcash also has a strong community backing it and is constantly innovating with new features and improvements being made regularly. Overall, Zcash is an excellent choice for those looking for a privacy-focused crypto currency that is also easy to mine.”
Ravencoin
Ravencoin was created in early 2018 by Bruce Fenton, with the help of several other developers including Tron Black and Amir Eslampanah. The project was initially funded by over $500k USD worth of ravens (the project’s native crypto currency) which were sold in a private sale.
The Ravencoin block chain went live on October 31st, 2018 and has since grown to become one of the most active block chains in existence with over 4 million unique transactions taking place on the network.
Haven Protocol
If you are looking for a crypto currency to mine, you may want to consider Haven Protocol. Haven Protocol is a privacy-focused crypto currency that offers users a number of benefits. For one, it uses a unique algorithm that makes it resistant to ASIC mining, meaning that anyone with a regular computer can mine it. Additionally, Haven Protocol has built-in mechanisms to help protect against 51% attacks and provides users with the option to store their funds in an encrypted format.
Ethereum Classic
Ethereum Classic is a continuation of the original Ethereum block chain – the classic version preserving un tampered history; free from external interference and subjective tampering of transactions.
Ethereum Classic is a public, open-source, block chain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum Classic also provides a value token called “classic ether”, which can be transferred between participants, stored in a crypto currency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on crypto currency exchanges under the ticker symbol ETC.
