What are the easiest coins to mine in 2017?
Muhammad Qasim ZeeDec 30, 2021 · 3 years ago1 answers
I'm interested in mining cryptocurrencies and I want to know which coins were the easiest to mine in 2017. Can you provide me with a list of the easiest coins to mine during that year? I'm looking for coins that required minimal computational power and had a low entry barrier for mining. Additionally, it would be great if you could also mention any specific mining algorithms or hardware requirements for each coin.
1 answers
- Dec 30, 2021 · 3 years agoWhen it comes to easy coins to mine in 2017, one cannot ignore the popularity of Bitcoin Cash (BCH). It used the SHA-256 algorithm, which was the same as Bitcoin (BTC), but with a lower difficulty level. This made it more accessible for miners with less powerful hardware. Another coin that gained attention was Bytecoin (BCN). It used the CryptoNight algorithm, similar to Monero, which made it possible to mine with CPUs and GPUs. Lastly, let's not forget about Ripple (XRP). Although it cannot be mined in the traditional sense, it was relatively easy to acquire through other means, such as exchanges or participating in the Ripple network.
Related Tags
Hot Questions
- 56
What are the best digital currencies to invest in right now?
- 51
What are the tax implications of using cryptocurrency?
- 49
How does cryptocurrency affect my tax return?
- 35
What is the future of blockchain technology?
- 32
Are there any special tax rules for crypto investors?
- 30
What are the advantages of using cryptocurrency for online transactions?
- 15
How can I buy Bitcoin with a credit card?
- 10
What are the best practices for reporting cryptocurrency on my taxes?