Complete list of mining Cryptocurrencies
Mining cryptocurrencies are undoubtedly a profitable business and a person can make significant wealth simply by investing in cryptocurrencies mining. People are often confused to choose the right cryptocurrency for mining. So in this article, by examining the different types of mining. we will introduce you to a complete list of mining cryptocurrencies so that you can easily choose the cryptocurrencies you want.
Definition of Mining
In the past, the term mining was only to refer to the mining of metals, oil, and mines, but with the advent of cryptocurrencies, especially bitcoin, the nature of the word mining has changed. Mining is a complex and complex process in which an expert system, usually an ATS computer or supercomputer, solves complex encryption equations and obtains cryptocurrencies in this way. In the following, we will introduce 2 different types of cryptocurrencies mining.
Types of mining
1- Mining through GPU
With the increasing advancement of technology, the old computer mechanisms became more efficient. For example, computer systems were initially for collecting data and solve administrative problems, but their main problem was the low speed of the processor in Internet transactions. For this reason, GPUs have replaced the old systems and process users’ queries at a very high speed according to mathematical logic and arithmetic.
In fact, the GPU is for improving the graphic resolution of computer games, but it was not long before cryptocurrencies activists realized that these graphics cards had so much power in the hashing process that they could be for mining cryptocurrencies.
If you want to use GPUs to mine cryptocurrencies, you have to choose specific currencies because the GPU is not suitable for extracting some cryptocurrencies. Currencies that we mine using the GPU or the same as the graphics card are:
1- Bitcoin
Bitcoin is the king of cryptocurrencies and has snatched the lead from its other counterparts. Investing in BTC requires powerful and fast machines, which is why computer systems with powerful GPUs are a good option for bitcoin mining.
2- Ethereum (ETH)
Ethereum is the second largest currency cryptocurrency. Ethereum’s main strength is that it allows users to develop decentralized applications through its decentralized platform. In addition, Ethereum is by no means a minority cryptocurrencies, so to mine Ethereum coins You have to use very powerful GPU equipment.
Ethereum has a SHA-3 or Secure algorithm and the software that is widely for Ethereum mining is ETHminer, which you can prepare and start extracting Ethereum .
3- Classic Ethereum (ETC)
The Classic Ethereum is originally a hard fork version of the current Ethereum, but is still traded as a lucrative cryptocurrencies in the market. Not bad to know that the block reward (Block Reward) of its coins is more than the current version of Ethereum.
4- LiteCoin
LiteCoin is not an ordinary currency code, but has the highest turnover in the market. In addition, high-level Hash Power blocks are required to build blocks, so the use of weak processors to mine this currency is not recommended at all.
5- Bitcoin Gold (BTG)
Bitcoin Gold started in 2017 and is actually a soft fork from BTC. Block Rewards in BTG is the same as its father, Bitcoin, but its value varies. However, its mining algorithms are similar to Bitcoin and can be easily mined via the GPU.
6- DogeCoin
Another Altcoin that can be easily mined through GPUs is the Dodge Quinn. Of course, for Dodge Quinn mining, you will not need powerful systems to solve heavy mathematical calculations, and ordinary computers can be used.
7- VertCoin
Vertcoin is a fledgling cryptocurrencies with small scalability, but keep in mind that, like Bitcoin, it is as resistant to ASIC circuits as the Proof-of-Work model. To mine Vertcoin, you can download its software from the Internet and start the mining process through its very simple user interface.
8- Zcoin
Zcoin, like Bitcoin, is a private currency but does not have the popularity and circulation of BTC or Ethereum. Therefore, you will not need high-end GPUs for mining, and its software can be easily downloaded from the Chinese blockchain website of Zcoin.
2- Mining through CPU
A central processing unit (CPU) can be for loading transaction data on the blockchain. The CPU actually provides the energy for the computer system to perform mathematical calculations. Initially, this method was used to mine bitcoins, but because it has a very high hash rate, it is not very cost-effective. In addition, there are fewer computing and logic units (ALUs) in the CPU, so valuable cryptocurrencies such as Bitcoin and Ethereum cannot be mined this way.
1- Monero (Monero XMR)
Monroe currency code is on Proof-of-Work algorithms, which means that it can run through computers and laptops. After earning Monroe tokens, you can easily convert them to Bitcoin and then receive the equivalent in Rials. In fact, the most important advantage of cryptocurrencies is that they can be converted into common currencies in the world.
2- Horizon
The most important advantage of Horizon cryptocurrencies (ZEN) is that transactions between two people remain completely anonymous. In addition, the domain used in this currency network makes the transaction history untraceable, thus increasing the security of this platform. Give. Horizon currency, like Monroe, can be easily mined via the CPU.
3- Electroneum (ETN)
Electronum officially started operating in the Chinese blockchain world in 2017 and managed to attract many users. In fact, mobile users can easily mine electronic currency and benefit from its rewards. In addition to mobile, this currency can also be mined through the CPU.
4- Bytecoin
The stock value of this cryptocurrency has grown a lot, and according to the founders, bitcoin mining has nothing to do with ASIC circuits and can easily be mined on a CPU platform.
5- DashCoin (DASH)
DashCoin is actually a combination of cryptocurrency and cash. With DashCoin you will be able to perform all your financial transactions around the world with the highest level of security. Dash’s very simple software has made it very popular among users.
6- AEON currency code
AEON stands for Anonymous Electronic Coins, and as the name implies, the main purpose of this cryptocurrency is to increase security by keeping users anonymous. This currency code can be easily mined via mobile and CPU.
7- GRIN
One of the most profitable cryptocurrencies in 2020 will definitely be the GRIN. The currency reserve of this coin has made it more and more attractive and popular among cryptocurrencies activists. This currency code can be easily mined through the CPU.
8- Polkadot currency code
The Polkadot currency code was introduced by a Swiss research institute as a currency code against Ethereum . This currency code is on the Chinese blockchain, and trading with it will be cheaper and faster than other cryptocurrencies due to the way it is. Mining of this currency code is possible with the help of CPU.
9- Aion ciphers
Cryptite-light PoW algorithms with ion cryptos are one of the most suitable cryptos for CPU mining. This algorithm reduces the gap between CPU and GPU, which increases the speed threefold and is a very good advantage.
10- Ravencoin currency code
RavenCoin cryptocurrencies in the cryptocurrency market is one of the most popular cryptocurrencies among users, which despite entering the market in 2018 with the X16R algorithm, has been the best currency to extract. (The reward for extracting these ciphers is about 5,000 RavenCoin.)
11- Other extractable cryptocurrencies available in Crypto Market:
- Decred
- Bytecoin
- Bitcoin Diamond
- DigiByte
- Verge
- Siacoin
- Bytom
- Komodo
- Bitcoin Cash
- Bitcoin SV
- HyperCash
- Metaverse ETP
3- Hard disk mining
1- Chia currency code
Chia cryptocurrency created a new wave in the mining industry in the early days. But declining yields and the lack of joint farms were serious disadvantages of this cryptocurrency. To mine Chia currency password, you need to draw a plan, which is time consuming for GPUs. But plans can be directly on the hard drive. Recently, a plotter tool called MadMax came, which increased the speed of drawing a plan or map. If the speed and capacity of the SSD is sufficient, it is possible to draw consecutive plans at high speed and less than 30 minutes for each plan.
4- Mobile Mining
Alternatively, you can mine cryptocurrency by using a mobile phone and installing a software application. The mobile device must be of high quality and compatible with the mining application. Poor mobile devices keep you from continuing. In addition to the fact that the computing process consumes a lot of energy. So the mobile phone battery will be destroyed.
last word
Since the competition in the field of cryptocurrency mining, especially bitcoin. It has become very tight and intense, so you have to pay a lot of money to buy mining devices and pay for electricity. Which is definitely bitcoin mining if you do not have enough capital. Kevin can’t do you much good. Therefore, by examining the currencies introduced in this article, you can go to mining other currencies and earn money by keeping or selling them in exchange offices.
