Some cryptocurrencies are easier and less expensive to mine / mine than others.
The birth of cryptocurrencies also introduced the concept of mining, thanks to the PoW (Proof of Work) consensus protocol, named for it because proof must be provided that a problem has been solved and a certain amount of energy has been consumed to achieve that result.
The computing power, in this case, is provided by computer processors that can be CPU (Central Processing Units) or GPU (Graphics Processing Units), that is, graphics cards which have proven to be formidable for mining algorithms.
In addition, there are also specially designed machines called SO CBut they are not welcomed by most cryptocurrency communities because their purpose is to use power for profit instead of supporting the network.
In fact, there is a real market for mining farms, so if the mined cryptocurrency doesn't work above a certain value, then the miners shut down the machines and wait for better times.
Anyway, in this article we want to talk about small miners or those who have so much unused power and, in this case, as a marginal activity, they can personally experience how mining works.
Before entering these virtual mines, it is advisable to take into account some factors:
- The hardware with which we want to mine, CPU or GPU. In the case of GPUs, a distinction must be made between an AMD or Nvidia card;
- Evaluate what to extract for short-term profit;
- Evaluate what to mine for long-term profit, therefore, to accumulate a certain cryptocurrency.
How to choose the ideal cryptocurrency to mine
Fortunately, to find out what cryptocurrency there are, there are several online platforms that allow you to roughly estimate how much you can get from a given cryptocurrency, for example one of these websites is What to Mine.
But which cryptocurrency is the easiest to mine / mine and which has an interesting cost / benefit ratio?
Surely this is not a simple answer because all cryptocurrencies require a minimum of configuration.
You must also decide if you mine alone or with a pool. In the latter case, you must enter the group parameters.
However, what we can do is determine which cryptocurrencies are the best.
Short term, Zcoin (XZC) seems to be a good choice as it provides all the guidance on how to mine according to your hardware.
If we want to make the most of our CPU, then the quintessential cryptocurrency is without a doubt Monero (XMR).
Finally, in the long run, the best ones are Bitcoin (BTC) and Ethereum (ETH). Regarding the latter, however, it should be added that with the advent of PoS (Proof of Stake) its value could increase considerably.