Which are the best and profitable Altcoins for mining with GPU
Mining is required by the blockchain for almost all cryptocurrencies and the creator of the block is respected for using its computing power. Bitcoin has the highest value since its inception, so miners using AISC hardware target it and get the highest rewards possible. But it also has a drawback that it is not easy to mine bitcoins today, due to the growing opposition to mining and the rising prices of hardware and electricity. This prompted most of the miners to look for other cryptocurrencies that are easier to survive and offer decent rewards. So here is a list of some cryptocurrencies that can be seen as an alternative to bitcoin and offer good rewards using GPU.
- Ethereum
Ethereum ranks after bitcoin and is one of the biggest cryptocurrencies at present. Its normal block creation time is much less as compared to bitcoin. Also, it offers great chances to the miners using GPUs and CPUs because of the PoW algorithm.
- Monero
Monero might prove suitable to the miners using GPUs and CPUs because it concentrates on privacy. Monero is somehow similar to Ethereum because its PoW algorithm prohibits ASIC. The normal block time in monero is nearly 2 minutes and gives a 4.99 monero reward. But after the 2018 cryptocurrency attack, the monero has been showing up and downs in price.
- Litecoin
Litecoin has been ranking up in the top 10 cryptocurrencies for the past few years. It has a different algorithm named scrypt which benefits the miner with more RAM. The normal block chain time taken by Litecoin is two and half minutes and it offer’s 12.5 Litecoin as a reward.
- Zcash
Zcash was launched on October 28, 2016. Zcash is famous for its price stability and is formed by bitcoin. There’s only 21 million zcash and its normal blockchain time is only 75 seconds and offer’s 12.5 zcash as a reward.
- Dogecoin
Dogecoin was formed by Billy Marcus just for fun but it’s now one of the most popular cryptocurrencies with a ranking of 31. It has reached a market capitalization of $300 million. It uses the same algorithm as Litecoin named scrypt. Its normal blockchain time is 1 minute and offers 10000 dogecoins as a reward.
- Bitcoin gold
If you are still attracted to bitcoin even after deciding not to mine it then here’s another alternative for you. Bitcoin gold is formed under bitcoin in 2017 and is kind of similar to it. It benefits the GPU miners by using the Zhash Pow algorithm. Its normal block creation time is 10 minutes and offers 6.25 bitcoin gold as a reward. Also, the price of bitcoin gold has been stable for the past years which proves to be a good cryptocurrency to mine and why does bitcoin dominate the crypto market .
- Electroneum
Electroneum was formed by monero in the year 2017. Alike Monero, Electroneum’s priority is also privacy but in starting its main purpose was mobile games and gambling. In its infancy stage, its price wasn’t stable and keeps fluctuating; now it’s stable and captures almost 50 million market capital share. Its normal block creation time is two minutes and offers 6413 Electroneum as a reward.
- AEON
AEON is also formed under monero. AEON has been growing popular because it was concerned about users’ privacy. Its normal block creation time is 4 minutes and offers 3.68 AEON as a reward. It uses crypto-lite which helps in quick verification.
- GRIN
GRIN was created in the year 2019 and has unlimited coins. Also, its main concern is users’ privacy. It has been showing great ups and downs in price since its beginning but it rewards 60 grins with the normal block creation time of one minute.
