Profitable mining 2020: which coins to choose

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Avatar for Rodion
Written by
4 years ago
In community: World Today(70ff)

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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4 years ago
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Comments

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

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User's avatar Shinobi1
4 years ago

Monero is great. Our classic favorites are LTC/DOGE, meanwhile checking on Electroneum seems good.

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User's avatar Monolith
4 years ago

I look closely at doge. Invest in the long run!

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User's avatar Rodion
4 years ago

Thank you for the addition! I also can not disagree with you, Monero is one of the most promising!

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User's avatar Rodion
4 years ago

Nice article! It is interesting and educative. But my question is: "do you think Bitcoin mining is atractive presently"?

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User's avatar Olad
4 years ago

Greetings, thanks! For an ordinary mortal, it’s no longer relevant if we talk about Bitcoin.

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User's avatar Rodion
4 years ago

Yeah! Bitcoin needs to make some corrections to make it more profitable in term of mining. Let's wait and see what happens as halving is gone.

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User's avatar Olad
4 years ago

Really awesome post we can make more coins by mining but we need more graphic cards and powerful cpu to make more

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User's avatar KingTamil
4 years ago

Thank you friend! I suggest everyone to chip in a mining farm!;)

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User's avatar Rodion
4 years ago

Very nice article about profitable mining, keep doing like this

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User's avatar KingTamil
4 years ago

Thank you Your support is very important! Join our community, together we will succeed!

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User's avatar Rodion
4 years ago

Just wanna ask about driver for rx 470 best for mining now, What is the best driver because i still use amd blockchain driver, when i use adrenalin the speed is reduced.

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User's avatar Alther
4 years ago

You can mine both litecoin and dogecoin on one mining rig simultaneously.

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User's avatar quantum888
4 years ago

Yes friend you are right! Thank you for sharing your knowledge with us! :)

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User's avatar Rodion
4 years ago

Mining is costly and out of reach to many of the simple mortal beings. Luckily there are still some profitable coins out there this year that could worth the trouble, but not many though.

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User's avatar Monolith
4 years ago

For those who do not have extra money, I would advise you to start with an investment and fix your profits in time for a change in the exchange rate.

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User's avatar Rodion
4 years ago

i can understand mining cryptos like ETC...but mining BTC isn't that profitable anymore. it's very expensive

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User's avatar hamedbkh
4 years ago

I agree! Much easier and less expensive to learn to trade with professionals.

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User's avatar Rodion
4 years ago

that's correct. also the mining BTC operation itself is very very expensive. and most of the income will be used to pay the electricity bill lol

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User's avatar hamedbkh
4 years ago

Thanks for the information regarding mining . Its one if the most common way of earning cryotocurrency. I had tried electronew at my mobile long days ago but itsnot that profitable

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User's avatar Abothe
4 years ago

Oh yes, unfortunately or fortunately it is! Better to spend time studying trading :)

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User's avatar Rodion
4 years ago

very nice article about mining in 2020 is still profitable with other crypto currency bitcoin mining is got more difficulttakes more more time

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User's avatar ChemRaj
4 years ago

Mining will live, but the main development of cryptocurrencies will go to the exchange.

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User's avatar Rodion
4 years ago

Choose staking cryptos (Energi, Tezos, Atom, ETH soon).

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User's avatar Savastano
4 years ago

Thank you for the tip! I will study these areas !!;)

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User's avatar Rodion
4 years ago

Thanks for the information , I did some Monero mining 3 years ago or so on a pc , as a test it worked to some extent bit wasn't profitable. Is there is a crypto I can start mining on my CPU?? note that I have cheap electricity

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User's avatar nsfcom
4 years ago

I advise you to study more information about computer components and have a willingness to invest a few $ 1,000 for serious business! It is better to spend less on a professional, learn and start trading.

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User's avatar Rodion
4 years ago

I find this content very helpful. Now i can easy choose which cryoto to mine. And which will be more profitable withouth searching other platform .its well explain inshort

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User's avatar Abothe
4 years ago

Very pleased that you are listening to my opinion! Join our community!

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User's avatar Rodion
4 years ago

Yes it is. I feel that BTC once on uptrend will be a great wealth creator. Next 18 months. I still think better to buy and hold the coins tho.

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User's avatar StarLord
4 years ago

Don’t forget about altcoins, as some of them also have helving this year. Good luck!;)

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User's avatar Rodion
4 years ago

I do admit, this is really out of date these days. No mentions of which Miner is suitable since half of them need an ASIC, Monero is now on the RandomX algo, and other small mistakes.

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User's avatar RowanSkie
4 years ago

Nice catch. Maybe an small update to the article would fix those minor glitches.

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User's avatar Monolith
4 years ago

Of course, if you have extra money, invest in mining. If you have experience in trading and analytics, make money on the exchange. If there is nothing, then master the investment in the crypto, if there are losses, then without knowledge they will be minimal.

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User's avatar Rodion
4 years ago

But Monero being a CryptoNight algo? It's now running RandomX, pal.

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User's avatar RowanSkie
4 years ago
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