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10 Best Cryptocurrencies to Mine in 2024
Seeking the top cryptocurrency for mining in 2024? Bitcoin isn't the sole profitable option; explore our curated list of the best alternatives.
| Cryptocurrency | Mining rewards per block | Mining algorithm | Hardware requirements |
|---|---|---|---|
| Bitcoin (BTC) | 6.25 BTC (due to halve soon) | SHA-256 | ASIC |
| Monero (XMR) | 0.6 XMR | Randomx | CPU or GPU (ASIC- resistant) |
| Litecoin (LTC) | 6.25 LTC | Scrypt | GPU, but ASIC recommended |
| Zcash (ZEC) | 3.125 ZEC (due to halve this year) | Equihash | GPU, but ASIC recommended |
| Dogecoin (DOGE) | 10,000 DOGE | Scrypt | ASIC solo, GPU in pools |
| Dash (DASH) | 2.30967229 DASH (halves approx. every 365 days) | X11 | GPU, but ASIC recommended |
| Grin (GRIN) | 60 GRIN | Cuckatoo32+ and Cuckaroo29 | GPU or ASIC depending on algorithm |
| Ravencoin (RVN) | 2,500 RVN | KAWPOW | CPU or GPU (ASIC- resistant) |
| Vertcoin (VRT) | 12.50 VTC | Lyra2RE(v3) | CPU or GPU (ASIC- resistant) |
| Ethereum Classic (ETC) | 2.5 ETC | Etchash | GPU, but ASIC recommended |
Let's take a look at each crypto mining option in a little more depth.
Bitcoin(BTC)
Bitcoin is the largest crypto by market capitalization and the most popular cryptocurrency to mine, with a reward of 6.25 BTC per block - although this halved in April 2024. Due to competition, you'll need a top-of-the-line mining rig to mine Bitcoin successfully, as well as to join a mining pool.
Monero (XMR)
Monero is a privacy coin, with the simple goal of providing seamless and anonymous payments. Monero uses an ASIC-resistant and CPU-friendly mining algorithm, which helps prevent the centralization of mining power and makes it a popular option for home miners.
Litecoin (LTC)
Litecoin is one of the oldest cryptocurrencies and is an alternative to Bitcoin, using the same code, but with modifications to make the blockchain more efficient. Solo Litecoin mining profitability is very low, and it's unlikely that you'll see much success with a GPU - so a mining pool and dedicated ASIC rig are recommended.
Zcash (ZEC)
Zcash is a privacy-focused crypto based on Bitcoin's original code and shares many similarities with it, like halving features due to a fixed total supply. Technically, you can mine Zcash with a GPU, but it's unlikely to be profitable. The Zcash community voted against prioritizing maintaining ASIC resistance back in 2021, as such, ASIC rigs tend to be the most profitable way to mine ZEC currently.
Dogecoin (DOGE)
Dogecoin is widely considered the original memecoin, and despite the satirical start, it can now be a profitable cryptocurrency to mine. Due to competition, GPU mining solo is unlikely to give you much success, and as such you'll need an ASIC mining machine, or you can join a Dogecoin mining pool with a GPU.
Dash (DASH)
Dash is a cryptocurrency that began as a result of a hard fork from the Bitcoin blockchain, due to concerns over transaction speeds and privacy concerns. Dash is a popular option for those with a GPU looking to get started mining at home, as it's still possible to mine with a GPU, although an ASIC mining machine will still be more profitable.
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