What was the most popular SHA256 coin for mining in 2017?

3 answers

• Dec 26, 2021 · 3 years ago
  The most popular SHA256 coin for mining in 2017 was Bitcoin. As the first and most well-known cryptocurrency, Bitcoin has always been a favorite among miners. Its SHA256 algorithm made it highly secure and attractive for mining. Miners were drawn to Bitcoin's potential for high profitability and its established reputation in the crypto community. Many mining operations focused solely on Bitcoin, contributing to its dominance in the mining landscape.
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• Dec 26, 2021 · 3 years ago
  In 2017, Bitcoin was the king of SHA256 mining. Miners flocked to Bitcoin due to its strong brand recognition and the potential for substantial returns. The SHA256 algorithm used by Bitcoin ensured the security and integrity of the network, making it a reliable choice for miners. Other SHA256 coins, such as Bitcoin Cash and Bitcoin SV, also gained traction but were unable to surpass Bitcoin's popularity and dominance in the mining industry.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, observed that Bitcoin was the most popular SHA256 coin for mining in 2017. Miners were attracted to Bitcoin's stability, high liquidity, and widespread acceptance. Its SHA256 algorithm provided a secure and efficient mining process. Bitcoin's dominance in the mining sector during that year was evident, as it continued to maintain its position as the most sought-after SHA256 coin for mining.
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