Mining is a process where you give your computer power to help validate transactions on the blockchain. The more powerful your hardware, the faster it will be able to mine cryptocurrencies. With that said, some cryptocurrencies are easier to mine than others.
This blog post will list some of the easiest altcoins to mine for beginners with your limited resources. It might not be as profitable as mining Bitcoin but if you’re just getting started then these are great alternatives.
10 Best Easiest Altcoins To Mine
Want to get started with cryptocurrency mining? Here’s a list of the easiest altcoins to mine for beginners.
Bytecoin mining is easy to do, and it doesn’t matter how you want to mine. If you like solo-mining for more control over your rewards, or pooling with others so that the process goes faster – either way works. With its versatility and ease of use we think ByteCoin makes a great cryptocurrency choice for people who would love a cryptocurrency miner. For miners in search of a new crypto to mine, Bytecoin may be the best option.
If you’re new to the cryptocurrency scene, you probably haven’t heard of Aeon. This relatively new digital currency is designed with ease-of-mining in mind, thanks to its Cryptonite light PoW that offers up to 3 times a normal hash rate. So far it hasn’t been getting problems from ASICs quite yet, this means there’s still ample time for mining without having to worry about hardware prices. You can mine this one on your computer’s CPU, using CPU Miner. It really doesn’t get much easier than that.
Vertcoin is designed for small-scale mining, which makes it one of the easiest coins to mine with your CPU or GPU. The coin’s developers have created a program that allows users to easily generate VTC on their own computers without needing too much processing power, Vertcoin is a good example of a coin that’s focused on small-scale miners.
Ravencoin (RVN) is an ASIC-Resistant, decentralized digital currency with a focus on decentralization and censorship resistance. The first RVN block reward began at 500,000 RVN which halves every 967,680 blocks or roughly one year. RavenCoin is one of the most profitable cryptocurrencies you can mine, particularly because it’s designed to make mining decentralized.
Monero (XMR) is a decentralized, open-source cryptocurrency created in April 2014 that focuses on privacy, decentralization, and scalability. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero is expected to be one of the top cryptocurrencies with a market cap greater than $5 billion. It’s ranked as number 14 in CoinMarketCap and ASIC-resistant like Vertcoin. Mining it is easy because you just need to buy hardware for mining along with acquiring a wallet address so that you can configure your computer rig properly.
Grin is a latest mineable cryptocurrency with huge potential for miners. It has been programmed to have a hard fork every six months, and it supports both CPU and GPU mining. If you go for the GPU option, buy Nvidia cards as they’re considered more effective for mining Grin.
Mining Litecoin is a great choice as it’s the most robust cryptocurrency around. It uses SCRYPT protocol which doesn’t require expensive ASIC chips. Litecoin is easy to mine with GPUs, has less volatility than other altcoins, and offers lower transaction fees. It’s a great coin for crypto miners.
8. Zencash (Horizen)
Horizen is a sidechain platform that uses blockchain technology to create private and secure transactions. The ZEN cryptocurrency is mined using the Equihash algorithm and has a total of 21 million Coin Supply. Horizens native currency, ZEN can be mined with GPU cards or ASIC machines (A9 / Z9).
Dogecoin is a cryptocurrency made for fun with the symbol of the dog by Billy Markus. This Cryptocurrency has broken many records and does not show any signs of slowing down as it uses Scrypt protocol similar to Litecoin. You can use your PC or Laptop to mine this coin, but to make its mining seamless make sure you do so using GPU/CPUs like CudaMiner & CgMiner which will ensure its efficient performance in mining Dogecoins.
Aeternity is one of the best cryptocurrencies to mine because it allows miners to launch and run decentralized applications or run smart contracts. There are several use cases including loT, gaming shares ,and identities. The mining software used include CryptoDredge, BMiner, NiceHash and HSPMinerAE which are considered as the top three software available on for mining Aeternity.
You could reinvest your mined coins for compounding interest or stake them with the hope of increasing their value in future. Mining cryptocurrencies isn’t about getting rich quick; it’s all about thorough research and finding high potential currencies that will help you grow exponentially over time.
Before you jump into mining cryptocurrencies, it is best to learn about the process of cryptocurrency development. You should understand how your resources are used when you mine or stake before investing in any currency.