This article lists cryptocurrencies whose mining makes a profit in 2020.
TOP 10 cryptocurrencies for mining
1. Ethereum Classic
Ethereum Classic can be mined using the GPU. At the time of writing, ETC is one of the most profitable coins.
Algorithm: PoW
Hash Function: Ethash
Current price: $ 6.00
Reward: 4 ETC
2. Bitcoin
Bitcoin is still the leader in the list of cryptocurrencies, and the current share of dominance is 67.2%, according to CoinMarketCap. On May 12, 2020, the remuneration for the BTC block was halved - from 12.5 to 6.25 BTC. However, coin mining is still extremely competitive.
Algorithm: PoW
Hash Function: SHA-256
Current price: $ 8914
Reward: 6.25 BTC
3. Litecoin
Litecoin is one of the most successful BTC forks. Since it uses the Scrypt protocol, mining is possible even on weak hardware.
Algorithm: PoW
Hash Function: Scrypt
Current price: $ 42.33
Reward: 12.5 LTC
4. Ravencoin
Ravencoin is a global cryptocurrency that occupies 52nd position in the CoinMarketCap ranking with a market capitalization of more than $ 119 million. Miners choose this coin because of the X16R algorithm.
Algorithm: PoW
Hash Function: X16R
Current price: $ 0.036818
Reward: 5000 RVN
5. Grin
Grin is a relatively new cryptocurrency on this list. Based on the MimbleWimble consensus algorithm, which ensures the confidentiality of transactions on the network.
Algorithm: PoW
Hash Function: MimbleWimble
Current price: $ 2.81
Reward: 60 GRIN
6. Electroneum
Electroneum is an ASIC resistant coin that can be freely mined using the CPU and GPU. In addition, the Electroneum team has developed a mobile application for iOS and Android, which serves as a wallet and also allows mining.
Algorithm: PoW
Hash Function: CryptoNight
Current price: $ 0.005246
Reward: 7,000 ETN
7. Monero
Despite the high transaction fees, XMR users still value it for its exceptional level of anonymity. Monero can be mined using the GPU.
Algorithm: PoW
Hash Function: CryptoNightR
Current price: $ 62.55
Reward: 2.47 XMR
8. ZCash
The current fee for ZCash's cryptocurrency privacy-oriented transactions is small, so some people find it more convenient to trade and sell.
Algorithm: PoW
Hash Function: Equihash
Current price: $ 56.16
Mining reward: 10 ZEC
9. Bitcoin Gold
Bitcoin Gold is a very popular cryptocurrency created specifically for GPU mining. Currently, it is among the 39 world cryptocurrencies with a market capitalization of $ 157 million.
Algorithm: PoW
Hash Function: Zhash
Current price: $ 8.95
Mining reward: 12.5 BTG
10. Dogecoin
Created once for the sake of Dogecoin's joke, now it takes 29th place in the world in cryptocurrencies with a market capitalization of $ 308 million. Like Litecoin, Dogecoin uses the Scrypt protocol for mining.
Algorithm: PoW
Hash Function: Scrypt
Current price: $ 0.002838 USD
Reward: 10,000 DOGE
Crypto mining is still a lucrative industry. But keep in mind that the more popular cryptocurrency, the more difficult it is to mine.
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I think monero is the best to mine because there reward ratio is much higher than others but some coin like ravin and grin coin also a best