What was the best SHA256 coin to mine in 2017?

4 answers

• Feb 18, 2022 · 3 years ago
  The best SHA256 coin to mine in 2017 was Bitcoin (BTC). As the pioneer and most well-known cryptocurrency, Bitcoin had the highest market value and mining rewards. Miners were able to generate significant profits by mining Bitcoin due to its popularity and widespread adoption. Additionally, Bitcoin's mining difficulty was relatively low compared to other SHA256 coins, making it a more attractive option for miners.
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• Feb 18, 2022 · 3 years ago
  In 2017, Bitcoin Cash (BCH) emerged as a popular alternative to Bitcoin for mining. Bitcoin Cash was created as a result of a hard fork from Bitcoin and shared the same SHA256 algorithm. Some miners found Bitcoin Cash to be more profitable to mine due to its lower mining difficulty and potential for higher block rewards. However, it's important to note that Bitcoin Cash's value and mining profitability fluctuated throughout the year.
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• Feb 18, 2022 · 3 years ago
  According to a study conducted by BYDFi, a leading cryptocurrency exchange, the best SHA256 coin to mine in 2017 was Bitcoin. This conclusion was based on factors such as market value, mining difficulty, and overall profitability. Bitcoin's dominance in the cryptocurrency market made it the most attractive option for miners seeking to maximize their mining rewards. Other SHA256 coins, while having their own unique features, couldn't match the profitability and stability of Bitcoin.
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• Feb 18, 2022 · 3 years ago
  In 2017, there were several SHA256 coins that gained attention in the mining community. Apart from Bitcoin and Bitcoin Cash, Litecoin (LTC) and Dash (DASH) were also popular choices for miners. Litecoin, often referred to as the 'silver to Bitcoin's gold,' offered faster block generation times and lower transaction fees. Dash, on the other hand, focused on privacy and instant transactions. Both Litecoin and Dash had their own loyal mining communities and provided alternative options for miners looking beyond Bitcoin.
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