Top 10 Most Profitable Coins and Cryptocurrencies to Mine in 2018
Why Search for the Most Profitable Coins?
Mining cryptocurrency can be a lucrative venture, but not all coins are created equal. Some coins are more profitable to mine than others, and it's important to do your research before you invest in mining equipment. In this article, we'll take a look at the 10 most profitable coins and cryptocurrencies to mine in 2018.
Overall Best Cryptocurrency to Mine in 2018
Zcash
Zcash is a privacy-focused cryptocurrency that has been gaining in popularity in recent months. It's one of the most profitable coins to mine, and it's also relatively easy to mine. Zcash uses a unique mining algorithm called Equihash, which is designed to be resistant to ASIC miners. This means that it's possible to mine Zcash with a regular GPU, making it a good option for small-scale miners.
Other Profitable Cryptocurrencies to Mine in 2018
In addition to Zcash, there are a number of other profitable cryptocurrencies to mine in 2018. These include:
- Ethereum
- Monero
- Dash
- Litecoin
- Bitcoin Gold
- Ravencoin
- Vertcoin
- Dogecoin
- Bytecoin
Factors to Consider When Choosing a Cryptocurrency to Mine
When choosing a cryptocurrency to mine, there are a number of factors to consider, including:
- Profitability: The most important factor to consider is the profitability of the coin. This will depend on the current market price of the coin, as well as the difficulty of mining it.
- Mining difficulty: The difficulty of mining a coin is another important factor to consider. The more difficult it is to mine a coin, the less profitable it will be.
- Mining algorithm: The mining algorithm used by a coin will also affect its profitability. Some algorithms are more efficient than others, and this can make a big difference in your profits.
- Equipment costs: The cost of mining equipment is also an important consideration. Some coins can be mined with relatively inexpensive equipment, while others require more expensive equipment.
Conclusion
Investing in cryptocurrency mining can be a costly decision. However, by doing your research and choosing the right coins to mine, you can increase your chances of profitability. The 10 coins listed above are some of the most profitable coins to mine in 2018, and they offer a good starting point for your research.
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