The cryptocurrency has experienced several ups and downs over the past couple of years, while GPU mining does not lose popularity and is still profitable.
One of the popular ways to make a profit isuse a mining farm with multiple video cards to mine cryptocurrency. Such farms with hundreds of video cards most often work around the clock, seven days a week.
The volatility of the crypto market leaves an open question - "What altcoin to mine?" Consider mining altcoins with nvidia and AMD in 2021.
Ethereum looks to be doing well in 2021 thanks to the rise in popularity of DeFi and the upcoming network refresh. Since the beginning of the year, ETH has been breaking all price records.
Litecoin is one of the most successful hard forksbitcoin. Since it uses the Scrypt protocol, it can be mined even on fairly weak hardware, making it one of the best GPU mining coins out there. It is also less volatile than many other altcoins and offers high speed and moderate transaction fees. The current capitalization of the project is $ 5.3 billion.
Ravencoin is another bitcoin hard fork thatboasts high liquidity. It is currently ranked 41st on the Coinmarketcap rankings with a market cap of over $ 155 million. Miners prefer Ravencoin because of its X16R algorithm. The coin can be mined even on a not very powerful PC.
Meme coin ranks 29th in the world amongcryptocurrencies. Its market capitalization is $ 346 million. This year the price of DOGE has increased by several hundred percent. Like Litecoin, Dogecoin uses the Scrypt protocol for mining. This means that miners do not need to use ASICs to mine a block.
Since it is a very popular altcoin, miners must be prepared for the high difficulty of mining it. It runs on both GPU and CPU.
Ethereum Classic can be mined with a pairGPUs. It has a higher block reward of 4 ETC and is one of the most profitable cryptocurrencies to mine. It works well with both Nvidia and AMD graphics cards.
So which cryptocurrency to mine in 2021?
In addition to these five options, there are many morecoins that can be mined on video cards. You can usually find information about them on sites like Coinwarz, Minergate, or Whattomine. They compare the profitability of mining various cryptocurrencies with BTC to determine if it is profitable to mine a particular altcoin.
Before deciding what to mine,you should visit one of the sites mentioned. Your individual rate of return may differ slightly as the calculator does not take into account complexity and exchange rate fluctuations, stale / rejected / orphan rates, pool efficiency, and pool fees.
In addition, there is cloud miningaltcoins. This is the rental of computing power for mining cryptocurrency from online sites. It is enough to conclude a contract with a cloud mining site for a specified period and use their equipment without physically transferring it.
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