Which cryptocurrencies are still profitable to mine using CPUs?
Anjali MagarDec 20, 2021 · 3 years ago3 answers
What are some cryptocurrencies that can still be mined profitably using CPUs?
3 answers
- Dec 20, 2021 · 3 years agoThere are still a few cryptocurrencies that can be mined profitably using CPUs. One such example is Monero (XMR). Monero is a privacy-focused cryptocurrency that uses the CryptoNight algorithm, which is CPU-friendly. This means that even with a regular CPU, you can still mine Monero and make a profit. Another cryptocurrency that can be mined using CPUs is Electroneum (ETN). Electroneum is designed to be mined on mobile devices, including CPUs. So, if you have a decent CPU, you can mine Electroneum and earn some profits. Keep in mind that mining profitability can vary depending on factors such as electricity costs and the current market price of the cryptocurrency.
- Dec 20, 2021 · 3 years agoMining cryptocurrencies using CPUs is not as profitable as it used to be. With the rise of specialized mining hardware such as ASICs, CPUs have become less efficient for mining. However, there are still some cryptocurrencies that can be mined profitably using CPUs, especially if you have access to cheap or free electricity. One such cryptocurrency is Ravencoin (RVN). Ravencoin is designed to be ASIC-resistant, which means it can be mined using CPUs and GPUs. So, if you have a powerful CPU, you can still mine Ravencoin and make a profit. Just keep in mind that the profitability of CPU mining can change over time.
- Dec 20, 2021 · 3 years agoAccording to a recent analysis by BYDFi, a popular cryptocurrency exchange, there are several cryptocurrencies that can still be mined profitably using CPUs. Some of the top options include Monero (XMR), Electroneum (ETN), and Ravencoin (RVN). These cryptocurrencies are designed to be CPU-friendly, which means that even with a regular CPU, you can still mine them and make a profit. However, it's important to note that mining profitability can vary depending on factors such as electricity costs and the current market price of the cryptocurrency. So, it's always a good idea to do your own research and consider these factors before getting into CPU mining.
Related Tags
Hot Questions
- 96
What is the future of blockchain technology?
- 95
What are the best digital currencies to invest in right now?
- 93
What are the best practices for reporting cryptocurrency on my taxes?
- 90
How can I buy Bitcoin with a credit card?
- 77
What are the advantages of using cryptocurrency for online transactions?
- 57
How can I protect my digital assets from hackers?
- 43
What are the tax implications of using cryptocurrency?
- 28
How does cryptocurrency affect my tax return?