12 Best Cryptocurrency To Mine (2022 Review And Comparison)

12 Best Cryptocurrency To Mine [2022 Review And Comparison]


Crypto mining is a good opportunity for individuals to earn passive income. It is a process in which transactions for various cryptocurrencies are verified and then added to the blockchain digital ledger.


If you're one of the people interested in knowing which are the best cryptocurrencies to mine, you have landed on the right page. Below, we will be making a list of cryptocurrencies and their advantage for mining.


Best Cryptocurrencies'
Best Cryptocurrencies' 



How can you mine cryptocurrency?


Mining cryptocurrency is pretty easy. All you need is connecting a GPU or ASIC miner to a mining pool. Mining pools are required to combine the hash rate of computer processing power to increase the chances of winning block verification.


Pro-tips regarding the best cryptocurrency to mine 2022


● For mining the best cryptocurrency, it must generate the highest returns.


● Online calculators can be used to compare the returns for crypto mining.


● Choosing a mining platform that requires you to spend thousands of dollars on mining hardware is not wise.

Fact check for crypto mining


Due to the pandemic, many people have been involved in gaming and crypto mining. That increased the global shipment to 29.1%. It is expected that 21% of PU owners will be using GPUs in the next 5 years.


Frequently Asked Question


1. Which cryptocurrency is most profitable for mining?


Answer: Currently, the best cryptocurrencies to mine are Ethereum, Monaco, Monero, Vertcoin, Grin, Monero, ZCash, Bitcoin Gold, Haven, Ravencoin, and Litecoin.

2. Which cryptocurrency is best to invest in?


Answer: Bitcoin, Litecoin, Ethereum, Cardano, Binance Coin, Ripple, Tron, and Dogecoin are currently the best investments. But to choose the best, you also need to understand cryptocurrency trading, ETFs, mining, and other ways of investing in cryptos.


3. Which cryptocurrency is easy to mine?


Answer: The answer is Monero. It can be mined using browser extensions and free software over websites.


Full list of the top cryptocurrency to mine


The complete list of well-known cryptocurrencies to mine are as follows- 


  1. ECOS
  2. Vertcoin
  3. Grin
  4. Monero
  5. ZCash
  6. Ravencoin
  7. Haven Protocol
  8. Ethereum Classic
  9. Litecoin
  10. Ethereum
  11. Monacoin
  12. Bitcoin Gold

Reviews and specification of the best cryptocurrencies to mine in 2022


ECOS 

Best suited for long-term investment.


ECOS Bitcoin mining is only profitable under certain conditions. And one of the best BTC mining providers is ECOS. 


Advantages:


● The company provides both ASIC mining and cloud mining.


● It has a convenient calculator on the website for choosing a mining contract.


● Withdrawal starts from 0.001 BTC.


Site: Cloud mining of cryptocurrency: Bitcoin (BTC) - profitable contracts | ECOS company


  1. Vertcoin


Best suited for individual miners on the pools.


After Litecoin, Vertcoin was created as crypto minable by GPU. It was created to work as a GPU-mineable alternative to Bitcoin. It is one of the best cryptocurrencies to mine because it supports GPU mining, and the network is decentralized as possible.


Advantages:


● VerthashMine can be used to mine the crypto.


● Miners can mine individually or through a GPU mining pool.


● Supports mining with GTX 1080, 1080 Ti, Radeon RX 560, Vega64, RTX 2080, and GTX 1660 cards.


Specification:


  Algorithm

E.g., Proof-of-Work

 

  Hashing function

Verthash

 

  Network Hashrate

4.54 GH/s

 

  Options to mine

GPU, FPGA

 

 

Site: Vertcoin - Decentralized Peer-to-Peer Digital Currency


  1. Grin 


It is Best suited among private transactions for individuals and companies.


Grin is one of the top cryptocurrencies to mine since it facilitates private transactions between individuals or platforms. The platform doesn't allow public viewing of this amount sent or sending and receiving addresses.


Advantages:


● It can be mined with free software like Gminer, GrinGoldMiner, Cudo Miner, and lolMiner.


● Users can mine using solo mining with ASICs.


● Users can mine on different pools such as 2miners and f2pools.com.


Specifications:


  Algorithm

Cuckatoo32 mining Proof-of-Work algorithm

 

  Hashing function

Cuckatoo32

 

  Network Hashrate

11.84 KGps

 

  Options to mine

GPU, ASICs

 

 

Site: Grin

  1. Monero (XMR)


Since it is mined with CPUs, it is best suited for beginner miners.



Monero is considered one of the best privacy-minded coins and blockchains. It enhances the non-traceability of transactions. It has complete privacy crypto that is best for mining.


Advantages:


● Doesn't use too much power when mining with CPUs.


● Miners don't need an expensive GPU.


● Since 1 Monero is mined every 24 seconds, the miners get about 4.99 XMR as a reward.


Specifications:



  Algorithm

proof of work algorithm

 

  Hashing function

RandomX; CryptoNight

 

  Network Hashrate

2.64 GH/s

 

  Options to mine

x86, x86-64, ARM and GPUs, ASICs

 

 

Site: Home | Monero - secure, private, untraceable (getmonero.org)


  1. ZCash


Best suited for individual miners preferring private transactions.


Zcash is a privacy coin that ensures the confidentiality of transactions. Per transaction is as low as 0.0001 Zcash. 


Advantages:


● It has ASIC resistance. 


● Very cost-effective for miners with CPU, for which it is one of the best cryptocurrencies to mine.


● Miners can also use Optiminer and EWBF Cuda software for optimization.


Specifications:


  Algorithm

proof of work algorithm

 

  Hashing function

SHA256 hashing function

 

  Network Hashrate

6.76 GS/s

 

  Options to mine

CPUs, GPU

 

 

Site: Privacy-protecting digital currency | Zcash


  1. Ravencoin (RVN)


It's best suited for beginners and low investment mining.


It uses a peer-to-peer network trading of assets from one party to another. Crypto is based on the Bitcoin fork and trading assets from one party to another. It is considered one of the best cryptocurrencies to mine as it is preferred by beginners to start their way through.



Advantages:


● Allows people to mine at low initial costs since it cannot be mined with ASICs.


● GamerHash also supports it.


● The reward for generating a block is 5000 RVN.


Specifications:



  Algorithm

KawPoW (X16R) type of proof of work algorithm

 

  Hashing function

 

 

  Network Hashrate

6.93 TH/s

 

  Options to mine

GPU, CPUs

 

 

Site: Home | Ravencoin


  1. Haven Protocol (XHV


Best Suited for holders.


It is based on Monero. It allows the user to convert, transfer and store monetary value directly from the wallet without involving any third party.


Advantages:


● It has features such as RingCT and stealth addresses for private transactions.


● It can be in mine with the similar software that is used to mine Monero.


● It is one of the best cryptocurrencies in mining which allows storage of monetary value in a stable form to avoid volatility crashes.



Specifications:



  Algorithm


RandomX

 

  Hashing function


CryptoNightHaven variant

 

  Network Hashrate


42.162 MH/s

 

  Options to mine


GPU, CPUs

 

 

Site: Haven Protocol XHV – Private Money


  1. Ethereum Classic


Best suited for the companies and organizations for running smart contracts.


Ethereum Classic is a fork of Ethereum which preserves the principle "Code is the law." It facilitates individuals and organizations to execute smart contracts that work on the blockchain with minimal human interference.


Advantages:


● Mining is possible on a VPS server.


● The reward for the Ethereum Classic block reward is 3.2 ETC.


● Miners can mine the crypto using a variety of pools, including 2Miners, Ethermine, f2pool, etc.


Specifications:


  Algorithm


Etchash algorithm

 

  Hashing function


Ethash

 

  Network Hashrate


31.40 TH/s

 

  Options to mine


GPUs

 

 

SIte: Ethereum Classic


  1. Litecoin (LTC)


Best suited for individual investors and miners.


Litecoin cryptocurrency operates on the Litecoin blockchain, which employs Scrypt proof of work algorithm. A new block only takes 2.5 minutes to produce, making it one of the popular cryptocurrencies to mine among miners.


Advantages:


● The reward per block is 12.5 LTC.


● Has the option to switch GPU from CPU mining.


● Mining pools for Litecoin include Litecoinpool, MinerGate, LTC.top, Antpool. F2pool, and ViaBTC.


Specifications:


  Algorithm


Scrypt and a stream function known as salsa20

 

  Hashing function


Scrypt

 

  Network Hashrate


352.97 TH/s

 

  Options to mine


GPU, ASICs

 

 

Site: Litecoin - Open source P2P digital currency


  1. Ethereum(ETH)


Eternium has earned its position as second after Bitcoin. One of the great successes of Ethereum is smart contracts.


Advantages:


● The reward for each new block is 2 ETH plus the transaction fee.


● Compatible with ETHminer, CGMiner, WinEth, BFGMiner, Geth, EasyMiner, T-Rex, and Lolminer. 


● The mining pools of Ethereum are Ethpool, NiceHash, Nanopool, and Dwarfpool.



Specifications:


  Algorithm


Proof of Stake and Proof-of-work algorithms

 

  Hashing function


PoW and PoS

 

  Network Hashrate


525.12 TH/s

 

  Options to mine


GPU, ASICs

 

 

SIte: https://ethereum.org


  1. Monacoin (MONA)


Best Suited for personal miners.


Monaco was first introduced in 2013 December. It has a very active community-based in Japan. The popularity gained through similar meme coins like the Dogecoin.


Advantages:


● You can mine Monacoin for a very small fee.


● The reward per block is 12.5 MONA.


● ASICs are not needed for mining.


Specifications:


  Algorithm


Lyra2REv2 algorithm

 

  Hashing function


Lyra2REv2

 

  Network Hashrate


73.44 TH/s

 

  Options to mine


GPU

 

 

Site: Monacoin project


  1. Bitcoin Gold


Best suited for individual miners.


Bitcoin Gold was introduced to support the scaling of the blockchain. It has implemented replay protection and a unique wallet address to increase safety and security funds.


Advantages:


● The reward for each new block of Bitcoin gold is 6.25 BTG.


● Softwares that support the Equihash algorithm are GMiner, CUDA miner, EWBF Cuda Equihash Miner.


Specifications:


  Algorithm


Proof of work Equihash-BTG algorithm

 

  Hashing function


Equihash-BTG

 

  Network Hashrate


2.20 MS/s

 

  Options to mine

GPU

 

 

Site: Bitcoin Gold | Make Bitcoin decentralized again


Final verdict 

Hence, The best coins and cryptocurrencies in the market offer low-cost mining options. It is important to know that it should be cheaper to start mining. And for the cheapest option, you can mine Monero and Raven coin. It can be mined using CPUs with normal computer hardware resources.


But if you want to select the most profitable cryptocurrencies, then Bitcoin and Ethereum is by far the best choice.



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