Table of Contents
What is the most profitable mining algorithm?
Most Profitable Cryptocurrency to Mine with GPU
| Name | Algorithm | ROI since launch |
|---|---|---|
| Bitcoin | SHA-256 | 3\% |
| Ethereum | Ethash | 279,843\% |
| Monero | RandomX | 5887\% |
| Ravencoin | KAWPOW | 39\% |
What algorithms can Asics mine?
There are two common types of ASIC miners, those that can mine SHA based coins like the Antminer S9 and those that mine Scrypt hashing algorithm based coins (see Antminer L3+).
What is the best algorithm for Cryptocurrency?
SHA-256. With the birth of Bitcoin, SHA-256 became the first mining algorithm used in technology blockchain. This is a powerful hash function It serves multiple purposes within Bitcoin and virtually all existing cryptocurrencies.
Can you mine Litecoin with ASIC?
Today, Litecoin cannot be mined efficiently with CPU or GPU graphic cards anymore. In order to competitively mine Litcoin, so-called application-specific integrated (ASIC) mining machines are needed. These ASIC mining processors have been uniquely designed to mine Litecoin.
What is the best algorithm for mining ethereum?
Ethash
While T-Rex and PhoenixMiner are superior in terms of speeds, GMiner excels when it comes to stability. Besides the popular Ethash algorithm we need to mine Ethereum, GMiner also supports ProgPoW, KawPow, Equihash, CuckooCycle, and ZHash.
Is bitcoin mining still profitable?
Bitcoin mining can still make sense and be profitable for some individuals. Equipment is more easily obtained and various efficiency machines are available. For example, some machines allow users to alter settings to lower energy requirements, thus lowering overall costs.
Are USB ASIC miner devices profitable?
You should expect lower profits with a USB ASIC miner. However, it’s essential to look at this from an ROI standpoint. A smaller investment means that you won’t go into a large deficit. Is it possible to make a net profit from a USB ASIC miner? We’ll explain more in the costs versus profitability section below. Top USB ASIC Miner Devices
What is the best coin to mine?
Currently dogecoin is the best coin to mine. Check out this site Cryptocoin Mining Information, Profitability and Calculators. It will give you detailed info on profitability of dogecoins and several other coins.