Which altcoin was the easiest to mine in 2017?

3 answers

• Dec 16, 2021 · 3 years ago
  In 2017, one of the altcoins that was relatively easy to mine was Litecoin (LTC). With its Scrypt hashing algorithm, Litecoin was designed to be more accessible to miners using consumer-grade hardware. This made it a popular choice for those looking to get into mining without investing in expensive equipment. However, it's important to note that mining difficulty can fluctuate over time, so what was easy to mine in 2017 may not be the same today.
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• Dec 16, 2021 · 3 years ago
  Back in 2017, Ethereum (ETH) was also considered one of the easier altcoins to mine. Its mining algorithm, Ethash, was designed to be memory-intensive rather than CPU-intensive, which allowed miners to use GPUs (Graphics Processing Units) instead of specialized mining rigs. This made mining Ethereum more accessible to a wider range of individuals, as GPUs were more affordable and readily available compared to ASIC miners.
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• Dec 16, 2021 · 3 years ago
  According to data from BYDFi, a popular cryptocurrency exchange, in 2017, the altcoin that required the least computational power to mine was Dogecoin (DOGE). Dogecoin was initially created as a fun and lighthearted cryptocurrency, and its mining algorithm, Scrypt, was relatively easy to mine with consumer-grade hardware. However, it's important to note that the ease of mining an altcoin can change over time due to factors such as network difficulty adjustments and changes in mining technology.
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