What are the most profitable cryptocurrencies to mine in 2021?
As a fantasy sports enthusiast, you need some coins, right? And mining is one way you can earn them. Cryptocurrency mining is a costly affair. As a miner, you want to focus on only those with a high return on your investment. Read on to discover the most profitable cryptocurrencies to mine.
But before we list the coins, it’s important that you know what to consider before you make a decision on the cryptocurrencies to mine.
You need to go for cryptocurrencies that you can easily mine at home using your GPU or CPU.
Before you settle on which cryptocurrency to mine, you want to ensure there are exchanges available to convert it to fiat. This is particularly important if you intend to spend part of your earnings.
Some countries restrict cryptocurrency mining. As such, you want to make sure that it’s legal to mine cryptocurrency in your country before venturing into it.
Now that you know the factors to consider before you venture into cryptocurrency mining, here are the most profitable digital currencies to mine.
Ethereum Classic (ETC) tops the list of the most profitable coins to mine in 2021. An Ethereum (ETH) hard fork, Ethereum Classic supports smart contracts as well. ETC is profitable because you can mine it on a GPU or CPU.
This is a privacy-centric coin introduced in 2017 as ZenCash. The coin is profitable to mine because you can make about $4 a day, and you can mine it with a GPU.
Third on the list of the most profitable cryptocurrencies to mine is ZCash (ZEC). It offers low transactional fees and great privacy. Released in 2016, ZCash is profitable to mine because you can earn about $3 a day, and it supports GPU mining.
Started in 2014, Verge (XVG) is fourth on the list of the most profitable coins to mine in 2021. It offers anonymous and fast transactions. The main reasons this coin is popular among miners is because you can mine it using a GPU, and you can earn about $3 a day.
Introduced in 2012, Peercoin (PPC) focusses on low transaction costs and security. It’s profitable to mine because it supports GPU mining, and you can earn about $3 a day from mining it.
It’s still profitable to mine Bitcoin. Although very profitable in its early days, this has since changed owing to the halving of the block reward and the difficulty in mining it. It uses the POW mechanism and the SHA-256 algorithm. Released in 2009, it’s the world’s top digital currency in terms of price and market capitalization. What’s more, you can trade it on all major exchanges, and it’s designed to allow peer-to-peer transactions.
Seventh on our list of the most profitable coins to mine in 2021 is Litecoin (LTC), released in 2011. LTC mining is profitable for a number of reasons. You don’t need those expensive ASIC miners since you can use your GPU. You can earn $1 a day mining LTC. Finally, as a BTC hard fork, you get to enjoy fast payments.
As a blockchain-based fantasy sports platform, Fanspel ensures you enjoy your fantasy sports experience. With any cryptocurrency, you get to enjoy a whole world of fun.
