What is the easiest altcoin to mine in 2017?
MojiDec 28, 2021 · 3 years ago3 answers
In 2017, which altcoin was considered the easiest to mine?
3 answers
- Dec 28, 2021 · 3 years agoIn 2017, one of the easiest altcoins to mine was Litecoin. It was based on the Scrypt algorithm, which made it more accessible for miners with regular GPUs. Additionally, Litecoin had a relatively low difficulty level compared to other altcoins, making it easier for individual miners to earn rewards. However, it's important to note that the mining landscape is constantly changing, and what was once the easiest altcoin to mine may not be the same today.
- Dec 28, 2021 · 3 years agoBack in 2017, Ethereum was also considered one of the easiest altcoins to mine. With its Ethash algorithm, Ethereum mining was possible with both GPUs and CPUs. The popularity of Ethereum and its potential for future growth attracted many miners to try their luck with this altcoin. However, as Ethereum gained more traction and its difficulty increased, mining became more challenging and less profitable for individual miners.
- Dec 28, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, in 2017, the easiest altcoin to mine was Dogecoin. Dogecoin was initially created as a joke but gained a significant following. Its Scrypt algorithm and low mining difficulty made it an attractive option for beginners and those with limited mining resources. Dogecoin's friendly and supportive community also contributed to its popularity among miners.
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