What are the best crypto currencies for mining in 2021?

3 answers

• Dec 28, 2021 · 3 years ago
  When it comes to mining cryptocurrencies in 2021, there are several options that you can consider. Bitcoin (BTC) is still the most popular and widely mined cryptocurrency, but due to its high difficulty level and energy consumption, it may not be the most profitable option for everyone. Other cryptocurrencies like Ethereum (ETH) and Litecoin (LTC) are also popular choices for mining. These cryptocurrencies have lower difficulty levels compared to Bitcoin, which means that mining them can be more profitable. Additionally, there are some newer cryptocurrencies like Ravencoin (RVN) and Monero (XMR) that have gained popularity among miners due to their potential for growth and profitability. Ultimately, the best cryptocurrency for mining in 2021 will depend on various factors such as your mining setup, electricity costs, and personal preferences.
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• Dec 28, 2021 · 3 years ago
  If you're looking for a cryptocurrency that offers high mining profitability in 2021, Ethereum (ETH) is definitely worth considering. With the recent upgrade to Ethereum 2.0, the network is transitioning from proof-of-work (PoW) to proof-of-stake (PoS), which means that mining will no longer be necessary. However, until the full transition is complete, Ethereum can still be mined using traditional mining rigs. Another cryptocurrency to consider is Ravencoin (RVN), which was specifically designed for mining and asset transfer. It has gained popularity among miners due to its ASIC-resistant algorithm and potential for growth. Keep in mind that mining profitability can fluctuate based on various factors such as network difficulty, electricity costs, and market conditions. It's always a good idea to do thorough research and stay updated on the latest trends before investing in mining equipment or choosing a cryptocurrency to mine.
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• Dec 28, 2021 · 3 years ago
  According to a recent report by BYDFi, the best cryptocurrencies for mining in 2021 include Ethereum (ETH), Ravencoin (RVN), and Monero (XMR). Ethereum is a popular choice due to its high market capitalization and potential for growth. Ravencoin, on the other hand, has gained attention for its focus on asset transfer and its ASIC-resistant algorithm. Monero is known for its strong privacy features, making it a preferred choice for those who value anonymity. However, it's important to note that mining profitability can vary based on factors such as network difficulty, electricity costs, and market conditions. It's always recommended to do thorough research and consider your own circumstances before making any mining investments.
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