Does mining Coin based on only CPU and GPU i.e. ASIC resistant are still profitable in 2020?
Many of you may aware that Bitcoin(BTC) was mined using CPU in its early adoption period. But over the years as the competion grows towards mining, some CryptoMiner invented mining using the GPU which generate 10x more hash power as compare to CPU. This result in more reward per block for those who were using GPU rig. After 2011, small device in the size of USB ASIC which were flooding in the market and the rest story goes still now days for ASIC...and thus small players ejected eventually or have to join pool for mining...
So here is the list of coin that can be mine only using CPU and GPU from home...
Note: This is just a list of top 5 coins that you should consider. I can not give you 100% assurance that this coins will be profitable in future (it depends on many factors like Projects real world use case, Community behind the project, Coins supply and demand ratio, Security, Privacy, Fungibility of the coin, Adoption by Regulators of different countries, Blockchain Technology, etc). But i will try my best to list only those that are Promising.
Bminer coin (www.bminer.live)
FTS Coin (www.ftscoin.xyz)
Nerva Coin (www.getnerva.org)
0xMonero Coin(www.0xmonero.com)
BitcoinFlex (www.bitcoinflex.org)
There are many coins in today's crypto business but this listed coins are most promising because all of them are in initial stage (May 2020) except Nerva.
In the next article I will list PoW coins that could make you profit if adopted early.