The process of mining cryptocurrencies was easy in the past to gradually complicate with time until it became what it is now a great difficulty, as mining using the personal computer has become from the past, and it is imperative to use special devices for this purpose.
But in contrast, there are some cryptocurrencies that the average user can mine and make some profit from.
In this article we will learn about the most profitable digital currencies in mining in 2020?
1- Bitcoin:
Bitcoin is one of the most profitable currencies, but it follows that there must be an acceptable capital to purchase the necessary equipment and devices.
Bitcoin mining process has become a very complex process and is subject to a wide range of variables such as appliances, and electricity costs.
Even if necessary hardware and equipment are available, individual mining is very difficult and it is best to join mining groups.
Bitcoin is mainly mining by large companies that invest millions of dollars in thousands of ASIC mining equipment and refrigeration systems, and operate in countries that provide competitive electricity prices.
2- Ethereum:
The second cryptocurrency is in terms of total market value, and it is also one of the most popular cryptocurrencies after Bitcoin.
While ASIC devices can be used for Bitcoin mining, Etherium resists them and is not allowed to be used as it relies on the ProgPOW algorithm.
However, it seems that the process of mining etherium will become from the past, especially after the decision to move to the certification mechanism through quotas and to abandon mining.
3- Ethereum Classic:
Ethereum Classic coin can be mining with GPU graphics cards at home, and the ETC segmentation rate is expected to increase after the transition of Ethereum towards Ethereum 2.0.
4- Grin coin:
Grin mining is profitable for miners, as it does not require ASIC devices as it was designed similarly to ethereum coin resistant to ASIC devices and supports the philosophy that mining is for everyone.
5- Haven Protocol coin:
The algorithm used in Haven coin is the PoW algorithm that is also used by monero and several other cryptocurrencies.
The Nvidia GPU is more convenient to extract this coin efficiently and better than AMD cards, and both can also be used for Haven mining.
6- BitTube Currency:
The BitTube project is a decentralized YouTube alternative that uses blockchain.
Creators are paid as TUBE codes.
BitTube uses the mining mechanism to extract coins by using graphics cards in the mining process.
There are also many small digital currencies that make good profits through the mining process.
But they are small projects that may disappear at any moment, be hacked or appear to be a scam.
For this reason, these smaller projects pose a risk to miners who are trying to get a return on the equipment they bought and get a return on.
So the mining project should be taken carefully, researched well, and audited before proceeding to the process to see if the project is economically viable or not.