To understand why it is easier to mine some digital currencies than others, it helps to take a look at the different types of mining: As cryptocurrencies become more popular, so too does the number of people interested in mining them.
In the beginning, it was the most popular cryptocurrency mining method as almost any computer could do it. However, time has shown that it is slow and in many cases not very profitable.
However, the process is simple, mainly because the initial effort is low. Not all cryptocurrencies can be mined with one CPU; those that are suitable are some of the easiest cryptocurrencies to mine.
This is another very common modality that requires a GPU (Graphics Processing Unit). It’s considered a cheap and effective method because it offers quite a bit of speed.
The system of choice for “professional” miners. ASIC stands for Application Specific Integrated Circuit and is special equipment for mining cryptocurrencies, which is associated with high costs.
A company is hired to carry out the entire process for the prospect. It carries out the maintenance and monitoring for a fee.
The easiest cryptocurrencies to mine
The easiest digital currencies to mine are those that are mined on the GPU or CPU.
Here are 7 of them:
1. Grin (GRIN)
The cryptocurrency Grin, which according to CoinMarketCap has a value of 0.3112 euros at the time of writing, can be mined with GPUs. It was developed in 2019 by the MimbleWimble protocol, which aimed to build an anonymous, scalable and lightweight blockchain.
It is possible to mine Ethereum Classic with GPUs and video boards with 3 or 4 GB of memory. Ethereum Classic is a decentralized platform that executes smart contracts. Its native cryptocurrency is ETC, which is $ 40.54 at the time of writing. It was born out of Ethereum in 2016 after the hack called The DAO.
2. Ethereum Classic (ETC)
When it hit the market in 2016, it was considered the alternative cryptocurrency to Bitcoin. Even Edward Snowden supported Zcash, as his system encrypts all information and thus makes it undetectable. Zcash currently costs € 91.91 and can be dismantled with a GPU or CPU.
3. Zcash (ZEC)
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