Cryptocurrency is one of the most exciting topic nowadays so let’s read about it again – in the list of the most profitable coins and cryptocurrencies to mine in 2018. Insider Monkey’s latest article is worth checking out it. Now, while GPU and CPU mining can be achieved through personal computers and (relatively) cheaper configurations, many coins can only be mined through ASIC (Application Specific Integrated Circuit). ASIC represents a unit (let’s say a small computer) specialized only for completing special tasks. One such ASIC was created by Samsung recently, as we have noted above. Whatever method you chose for mining, have in mind that you will spend a lot of money on hardware and also on the electricity bill.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the most profitable coins and cryptocurrencies to mine in 2018 from their list.
The first one is Steem. Steem as a starting currency which you buy for the money, and can transfer it to Steem Backed Dollars and/or Steem Power. Steem Power represents Steem that is locked for 3 months. So, the point of converting into Steem Power or Steem Dollars is that, while Steem doubles every year and because of that loses value, that is not the case witht Steem Power and Steem Dollars. The second crpytocurrency is Zcash, which is one of those high privacy cryptocurrencies meaning that payments are publicly published while user and the amount are unseen by others. It can be mined with CPU and GPU. Some of the advices on how to mine Zcash can be found in Insider Monkey’s article. At last, but not least we are mentioning Litecoin now. As one of the most profitable coins and cryptocurrencies, Litecoin works on a similar basis as Bitcoin. Nevertheless, Bitcoin is generated every 10 min, while Litecoin is generated every 2.5 min. Litecoin mining can be done through ASIC, but unlike for Bitcoin, they are harder to purchase. It is also one of the Proof-of-work coins.