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What are the most profitable cryptocurrencies to mine in 2018?

avatarMuaz GezaliJan 01, 2022 · 3 years ago3 answers

In 2018, which cryptocurrencies are the most profitable to mine? I'm interested in mining cryptocurrencies, but I want to make sure I choose the ones that will give me the highest returns. Can you provide some insights on the most profitable cryptocurrencies to mine this year?

What are the most profitable cryptocurrencies to mine in 2018?

3 answers

  • avatarJan 01, 2022 · 3 years ago
    When it comes to mining cryptocurrencies in 2018, there are several options that can be quite profitable. One of the most popular and profitable cryptocurrencies to mine is Bitcoin. However, due to the high level of competition and the need for specialized mining equipment, it may not be the most accessible option for everyone. Other profitable cryptocurrencies to consider include Ethereum, Monero, Zcash, and Dash. These cryptocurrencies have relatively lower mining difficulties and can still provide a good return on investment. It's important to do your research and consider factors such as mining difficulty, electricity costs, and potential future value when choosing which cryptocurrencies to mine.
  • avatarJan 01, 2022 · 3 years ago
    If you're looking for a more unique and potentially profitable cryptocurrency to mine in 2018, you might want to consider mining some of the newer altcoins. These altcoins often have lower mining difficulties and can offer higher returns compared to more established cryptocurrencies. Some examples of newer altcoins that have gained popularity include Ravencoin, Grin, and Beam. However, it's important to note that mining newer altcoins can also be riskier, as their value and popularity may fluctuate more compared to established cryptocurrencies.
  • avatarJan 01, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends considering a diversified approach to mining in 2018. While Bitcoin and Ethereum are still popular choices, it's also worth exploring other cryptocurrencies that have the potential to be profitable. Some lesser-known cryptocurrencies that could be worth mining include Vertcoin, Electroneum, and Decred. These cryptocurrencies may have lower mining difficulties and can provide an opportunity for higher returns. Remember to stay updated with the latest market trends and do thorough research before investing in any cryptocurrency mining operation.