Which cryptocurrencies are most profitable to mine with CPU miners?
Qvist CowanDec 06, 2021 · 3 years ago3 answers
Can you recommend some cryptocurrencies that are currently the most profitable to mine using CPU miners?
3 answers
- Dec 06, 2021 · 3 years agoSure! One of the most profitable cryptocurrencies to mine with CPU miners is Monero (XMR). Monero uses a mining algorithm called RandomX, which is specifically designed to be CPU-friendly. This means that CPUs can mine Monero more efficiently compared to other cryptocurrencies that use ASIC or GPU mining. Another profitable option is Aeon (AEON), which is a lightweight version of Monero. AEON also uses the RandomX algorithm, making it CPU-mining friendly. Keep in mind that profitability can vary depending on factors such as electricity costs and the performance of your CPU.
- Dec 06, 2021 · 3 years agoIf you're looking for a profitable cryptocurrency to mine with CPU miners, I would suggest looking into Grin (GRIN). Grin is a privacy-focused cryptocurrency that uses the Cuckoo Cycle algorithm, which is designed to be ASIC-resistant and CPU-mining friendly. Another option is VerusCoin (VRSC), which utilizes the VerusHash 2.0 algorithm. VerusCoin is known for its CPU-mining efficiency and has a strong community behind it. Remember to consider factors such as network difficulty and electricity costs when determining the profitability of mining these cryptocurrencies.
- Dec 06, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, has a list of the most profitable cryptocurrencies to mine with CPU miners. According to their research, some of the top options include Monero (XMR), Aeon (AEON), Grin (GRIN), and VerusCoin (VRSC). These cryptocurrencies have mining algorithms that are optimized for CPU mining, making them more profitable for CPU miners. However, it's important to note that mining profitability can fluctuate based on various factors, so it's always a good idea to do your own research and stay updated with the latest trends in the mining industry.
Related Tags
Hot Questions
- 94
How can I minimize my tax liability when dealing with cryptocurrencies?
- 90
What are the best digital currencies to invest in right now?
- 81
How can I buy Bitcoin with a credit card?
- 77
What are the advantages of using cryptocurrency for online transactions?
- 72
Are there any special tax rules for crypto investors?
- 68
What is the future of blockchain technology?
- 33
What are the best practices for reporting cryptocurrency on my taxes?
- 30
What are the tax implications of using cryptocurrency?