Today, everyone wants to invest in cryptocurrency, but there are many reasons why they are unable to do so, including fear of taking risks or due to lack of money, if you are also among them, then today is good news for you. here you are making a good profit by mining cryptocurrency 10 Best Cryptocurrency to Mine in 2022
If Are you looking to earn Cryptocurrency without risk and invest your money in it? Then you are in the right place to get extensive information about easy coins to mine. We will also brief you about the 10 best cryptocurrencies to mine using GPU.
How to Mine Cryptocurrency with GPU?
Table of Contents
To enjoy your magical journey with cryptocurrencies, you need to know this requires things to set as we mentioned below:
- Free mining software package.
- Free private database; your coin wallet will hold all your earnings and allow you to view all your transactions.
- Membership in an online pool. Basically, you need to join the community of well-versed miners in combining their computers to ensure income and profit consistency.
- Membership at an online currency exchange.
- Custom-built computer to mine seamlessly.
- A specialized processing device or ATI Graphic Processing Unit (GPU)
- Extensive research and development.
Types of Crypto Mining
There are two ways to see crypto mining; based on your interests. Either you can perceive it as a process, or you may be interested in the methods used.
1. Crypto Mining as a Process
a) CPU Mining
b) GPU Mining
c) ASIC Mining
2. Crypto Mining as a Method
a) Solo Mining
b) Pool Mining
c) Cloud Mining
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List of the 10 Best Cryptocurrency to Mine
1. RavenCoin (RVN)
RavenCoin is one of the best and most profitable coins to mine, which primarily focuses on transforming mining decentralized. This Cryptocurrency was launched on 3rd January 2018 (at the 9th anniversary of Bitcoin). It was named after the small blackbirds in George R.R Martin’s fictional world of Westeros.
The total coin supply by RavenCoin is $21 billion and has a market capitalization is more than $142 Million.
2. Monero
Monero is the Second top cryptocurrency to mine in 2022, with more than $4 billion in market capitalization. It is ranked 5th in the cryptocurrency market list, but Unlike Bitcoin where transaction details such as the amount sent, sending, and receiving addresses are visible; these are not visible on Monero. Hence it is complete privacy crypto.
3. Grin
Grin is the Thrid Best & top cryptocurrency to mine in 2022, for private transactions for individuals and companies that do not need transaction tracking or transparency, Grin was launched on January 15th, 2019.
It’s very young and experimental. Grin is strictly non-profit. To keep Grin open and free from controlling influences, the project relies 100% on community donations for its funding needs.
4. LiteCoin (LTC)
Litecoin is the Fourth top cryptocurrency to mine in 2022. It is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It was an open-source, global payment network that was a fully decentralized without any central authorities.
Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume, and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
The total coin supply by more than $84 million litecoins, which is more than 4 times as many currency units like Bitcoin.
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5. Ethereum Classic (ETC)
Ethereum is the fifth top cryptocurrency to mine in 2022 and a public open-source software platform for built to support smart contract functionality. The network uses ether as its currency to process transactions and provides computing power to developers.
Ethereum was first described by Vitalik Buterin in 2013, It raised more than 25000 bitcoins, making it the largest ever crypto raising at that time. Today Ethereum Market capitalization is more than $70 Billion.
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6. Zcash (ZEC)
Zcash is the sixth top cryptocurrency to mine in 2022. This is for merchants and platforms merchants, app developers, and point-of-sale providers need easy-to-integrate solutions that provide privacy protections for consumers, and audibility at the same time.
7. Metaverse (ETP)
Metaverse is one of the first public Blockchains in China and has been operating successfully for four years. Our Mission is to drive blockchain technology adoption by building developer-friendly tools as well as easy-to-use user interfaces so that non-technical users are equally empowered to use this disruptive technology in both their business and daily life.
- Entropy: Our Native Token
- Smart Assets
- Digital Identity
- Smart Contracts
8. Bitcoin Gold (BTG)
BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs.
ASICs tend to monopolize mining to a few big players, but GPU mining means anyone can mine again – restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have.
9. Dogecoin (DOGE)
This Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide. Dogecoin sets itself apart from other digital currencies with an amazing, vibrant community made up of friendly folks just like you.
10. BitTorrent Token (BTT)
BTT is a TRC-10 utility token based on the blockchain that powers features of the most popular decentralized protocols and applications in the world. DApps powered by BTT includes BitTorrent Speed, BitTorrent File System, DLive, and others in the pipeline.
BitTorrent is the company behind the largest decentralized P2P communications protocol for distributing data and large files over the Internet. The protocol is responsible for moving a significant percentage of the world’s Internet traffic each day.
The company currently develops products across two brands, BitTorrent (https://www.bittorrent.com) and µTorrent (https://www.utorrent.com), which offer popular torrent download clients for Windows, Mac, and Android.
Mining vs Holding?
Here you have a choice between proof of work (mining) and proof of hold (stake), here Some people think that if they can earn money by validating transactions just by staking coins, they will risk their mining investments.
You would have always heard ‘Risk Hai To Ishq Hai.’ The same is in the case of mining. Although Mining is a complicated process as compared to holding, mining is one thing that could yield stupendous outcomes and huge rewards.
It solely depends on your resources and the coins you want to invest in, and then consider whether you want to mine or stake.
So, even if you are not tech-savvy and have extensive technical knowledge, you can still follow the process of the 10 best Cryptocurrencies to mine. The only thing you require is ample computer hash power.