Which digital currency is the most profitable to mine with the cheapest ASIC miner?

3 answers

• Dec 26, 2021 · 3 years ago
  The most profitable digital currency to mine with the cheapest ASIC miner can vary depending on several factors. These factors include the current market price of the digital currency, the mining difficulty, and the energy cost. It's important to do thorough research and consider these factors before making a decision. Some popular digital currencies that are often considered profitable to mine include Bitcoin, Ethereum, Litecoin, and Monero.
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• Dec 26, 2021 · 3 years ago
  If you're looking to mine with the cheapest ASIC miner, it's worth considering some of the newer digital currencies that may have lower mining difficulty and higher potential for profitability. These include coins like Ravencoin, Grin, and Beam. However, keep in mind that the profitability of mining can change over time, so it's important to stay updated with the latest market trends and adjust your mining strategy accordingly.
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• Dec 26, 2021 · 3 years ago
  Based on my experience at BYDFi, I would recommend considering Bitcoin as the most profitable digital currency to mine with the cheapest ASIC miner. Bitcoin has the highest market capitalization and liquidity, making it a popular choice among miners. Additionally, Bitcoin's mining difficulty adjusts every two weeks, which helps maintain a balance between profitability and competition. However, it's always a good idea to diversify your mining portfolio and consider other digital currencies as well.
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