10 Best Cryptocurrency To Mine In 2022

This article will provide you with a list of the best cryptocurrency to mine in 2022. Crypto mining offers people an opportunity to earn passive income daily. It is a process through which distributed nodes on a given cryptocurrency blockchain confirm transactions sent through the network by other investors/users.

Advertisement

These node(s) run a copy of the blockchain involved and use the software to verify that the transactions sent are valid and legit as per the requirements of the blockchain.

KEY TAKEAWAYS 

• You will learn what crypto mining is 

Advertisement

• List of the best cryptocurrency to Mine in 2022

• Each listed crypto is written with their various features 

• Answers to some frequently asked questions on cryptocurrency mining.

Advertisement

Best Cryptocurrency to Mine
Credit:sofi.com

10 Best Cryptocurrency to Mine in 2022

Mining pools allow people (miners) to combine the computer processing power or hash rate, increasing the chances of winning block verification. The verification process is a competition in which many people (miners) compete to verify a block. Only the winning miner wins the rewards.

Below is a list of the 10 best cryptocurrencies to Mine Now 

1. Ethereum

Profitably mining Ethereum requires a GPU, and a fast GPU miner will take close to 63.7 days to mine one ETH. However, the chances are better with pool mining, as with all other cryptos.

Advertisement

Soon ETH will be based on the Beacon Chain, a PoS (proof-of-stake) blockchain which will change mining on the blockchain. For now, ETH is based on the Proof of Work mining algorithm.

Features:

• Ethereum generates or creates a block in seconds, and the block reward is 2 Eth with transaction fees.

• It Can be mined with BFGMiner, Geth, EasyMiner, ETHminer, CGMiner, WinEth, T-Rex, and Lolminer.

Advertisement

• ETH mining pools include Nanopool, Dwarfpool, Ethpool, and NiceHash, 

2. Monero (XMR)

The platform is Best for beginner miners since it can be mined with CPUs.

Monero is one of the best privacy-minded blockchains and coins and enhances the non-traceability of transactions. Unlike BTC, where transaction details such as sending and receiving addresses and the amount sent are visible, these are not visible on the Monero platform. Hence it is a complete privacy cryptocurrency.

Features:

• People don’t have to invest a lot of money buying CPUs for mining, and it does not use much power when mining with CPUs.

• 1 Monero is mined every 24 seconds. The reward for miners is 4.99 XMR.

• It Can be mined solo with GPUs recommended.

• Pools for mining Monero include xmr.nanopool.org, MineXMR.com, SupportXMR.com, and monero.crypto-pool.fr.

3. Bitcoin Gold

Bitcoin Gold (BTG) is a Bitcoin fork created to support the scaling of the blockchain. It advocated the adoption of the proof-of-work algorithm called Equihash to ensure that major miners (people) – specifically the miners using ASICs were not favored in the mining process.

It implements replay protection and unique wallet addresses to increase the security and safety of funds. Bitcoin Gold is listed on many cryptocurrency exchanges and has less than 100 reachable nodes. The highest number of nodes is found in the United States and Germany.

Features:

• It still takes up to 10 minutes to mine a block on BTG. The block reward for this crypto is 6.25 BTG.

• Some of the software for mining BTG includes EWBF Cuda Equihash Miner, GMiner, and CUDA miner, among others that support the Equihash algorithm.

• Pools to mine Bitcoin Gold include minergate.com, ccgmining.com, hashflare.io, and nicehash.com.

4. Ravencoin (RVN)

Ravencoin (RVN) uses a peer-to-peer network to facilitate the trading or transaction of assets from one party to another. The coin is based on a Bitcoin fork and is based on the community with no ICO or master nodes.

Examples of clients include Medici Ventures, who completed a $3.6 million securities token transfer using Ravencoin’s blockchain. Medici Ventures, owned by Overstock.com, is also a funder of this project.

Features:

• It Cannot be mined with ASICs, allowing individuals to mine at low initial costs.

• Popular software people can use to mine this coin includes NBMiner, BMiner, and DamoMiner. MinerGate also allows people to mine it on phones.

• It Can be mined with multiple mining pools, including Flypool, HeroMiners, Skypool, 2Miners, Blocksmith, Bsod, Coinotron, MiningPoolHub, Nanopool, Suprnova, and WoolyPooly.

• GamerHash supports the mining of cryptocurrency.

• Block is mined or created every minute to generate a block reward of 5,000 RVN.

5. ECOS

BTC mining is very profitable under certain conditions. Right now, people should not mine Bitcoin on home computers. They should buy special equipment – ASIC or use cloud mining.

ECOS is one of the best bitcoin mining providers in the mining industry.

Features

• The ECOS company provides both options – cloud mining and ASIC mining.

• The minimum price for a cloud mining contract in ECOS is $50.

• Convenient calculator on the platform for choosing a mining contract.

• Daily payments in bitcoin and detailed transaction history.

• Withdrawals from 0.001 BTC.

• The platform has a convenient mobile app. The app is available on the App Store and Google Play. Tools such as exchanges, wallets, and investment portfolios are available.

6. Vertcoin

Vertcoin was created as crypto mineable by GPU. It was created to work as a GPU-mineable alternative to BTC (Bitcoin) and succumbed to ASIC control. Because the network supports GPU mining, the platform is as decentralized as possible.

Features:

• The platform is not mineable with ASICs or CPU cards.

• VerthashMine software is to be used to mine cryptocurrency.

• Mined with Radion RX 560, Vega64, RTX 2080, GTX 1080, 1080 Ti, and GTX 1660 cards.

• It can be mined on GPU mining pools or individually.

• Some pools to consider include miningpoolhub.com, Coinotron.com, Zpool.ca, and Bitpoolmining.com.

7. Grin

The platform is best for private transactions for companies and individuals that do not need transparency or transaction tracking.

Grin is one of the cryptocurrencies referred to as privacy coins. It facilitates private transactions on platforms or between individuals.

 The platform does not allow public viewing of the amount sent or receiving and sending addresses. The Grin platform uses the MimbleWimble protocol for scalability and to ensure the privacy of transactions.

Features:

• It can be mined with GrinGoldMiner, Cudo Miner, Gminer, and lolMiner GPU mining software.

• It Can be mined on pools such as f2pools.com and 2miner.

• It Can be mined through solo mining with ASICs.

• It is lightweight, and it scales based on its not the number of transactions

8. Haven Protocol (XHV)

Haven Protocol (XHV) is private crypto based on Monero. The network allows people to transfer, convert, and store monetary value directly from the wallet without involving any transfer, custodians, middlemen, and third parties.

The network allows people to convert Haven cryptocurrency to other fiat-pegged tokens directly from their wallets. The network provides synthetic fiat and cryptocurrencies such as xAU (Gold), xUSD, xCNY, or xBTC for easy swapping and conversion.

Features:

• The network inherits Monero’s privacy features, such as stealth addresses and RingCT. Hence, the network can be used for private sending and receiving.

• Having gold, fiat-pegged, and silver-pegged coins allows storage of monetary value in a stable form to avoid volatility crashes. After mining, people can convert and store.

• Looking for Haven mining pools? Try Fracking Miner, Hashvault, Hero Miners, Miner Rocks, FairPool, and Hashpool.

• Software to use to mine Haven Protocol (XHV) includes CryptoDredge, BLOC GUI Miner, and SRBMineR.

9. Ethereum Classic

The network is best for organizations and companies who want to run smart contracts. Ethereum Classic (ETC) is a fork of Ethereum.

It preserves the principle “Code is Law,” to mean it facilitates people and organizations to execute coded business instructions or smart contracts that work on the blockchain with minimal human interference.

Features:

• Mainly mined with Claymore Miner, FinMiner, Ethminer, GMiner, and NBMiner GPU miners. Cruxminer, NBMiner, GMiner, lolMiner, Nanominer, and OpenETC Pool are some software people can use to mine ETC.

• The cryptocurrency can be mined using a variety of pools, including Ethermine, f2pool, Nanopool.org, 2Miners, and P2pool, among others.

• It Can also be mined on a VPS server.

• Ethereum Classic (ETC) block reward is 3.2 ETC. Each block is created or mined after every 10.3 seconds.

10. Litecoin (LTC)

Litecoin (LTC) ensures speedy transactions. The coin was released under the MIT/X11 license and based on research on cryptos. The coin uses a decentralized ledger and an open-source cryptographic protocol.

LTC was forked from Bitcoin with the plan of being mineable with a GPU and a CPU when generating blocks on Bitcoin with a GPU and CPU became hard or impossible. However, LTC can now only be mined profitably with ASICs.

Features:

• A block is mined or created within 2.5 minutes; the current reward per block is 12.5 Litecoin. It will be half in 4 years.

• It Can be mined with CPUminer, CGminer Litecoin, Easy Miner, MultiMiner, GUIMiner Scrypt, and Awesome Miner. These allow people to switch to GPU mining from CPU mining.

• For ASIC miners, the platform will most likely be pre-installed in the hardware. Otherwise, people can use the free ASIC/FPGA miner or other software.

• Litecoin mining pools include Litecoinpool, MinerGate, LTC.top, and Antpool. F2pool, and ViaBTC.

Read also:

How to Mine Ethereum on Android Phones

Top 5 Best Ethereum Asic Miner You Should Consider in 2022

Nicehash Miner Review: Is Nicehash Miner Legit

Conclusion 

The best cryptos and coins to mine today are those coins that offer low-cost mining options. The coin should be cheaper to start to mine.

If people are looking for the cheapest cryptocurrency to mine, Ravencoin and Monero will be good options. Monero coin can be mined on CPUs with normal computer hardware resources.

Nevertheless, Ethereum and Bitcoin should be people’s top choices if they are looking for the most profitable cryptos to mine.

Most cryptos require having at least a GPU to Mine, but the most profitable crypto requires investing in ASICs. It might be expensive. However, we recommend mining on a crypto mining pool once people have the mining software and hardware ready.

FAQS

What is the most profitable miner?

• Vertcoin.

• Bitcoin.

• Monero.

• Ravencoin.

What crypto is the fastest to mine?

Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites.

Which coin is best for CPU mining?

If people are looking for the cheapest cryptocurrency to mine, Ravencoin and Monero will be good options. Monero coin can be mined on CPUs with normal computer hardware resources.

Nevertheless, Ethereum and Bitcoin should be people’s top choices if they are looking for the most profitable cryptos to mine.

You can learn more from the video below:

Get Latest Market Updates!

Enter your name & email to get started!

We don’t spam! Read our privacy policy for more info.

Sharing is caring...

Advertisement

Leave a Comment