After the emergence of Bitcoin, cryptocurrency mining has become immensely popular among people. These cryptocurrencies are trusted across various platforms. Mining these proper cryptocurrencies will help you to earn lucrative rewards. A common misconception is that mining crypto is creating a new cryptocurrency. Realistically, crypto mining is nothing but solving strenuous mathematical equations for the approval of crypto transactions. In this article, we look at the most profitable cryptocurrencies that you can mine in late 2021.
Top Profitable Cryptocurrencies in 2021
1. RavenCoin
Launched in 2018, RavenCoin was named after a fictional blackbird from the popular show Game of Thrones. The crypto coin is based on Bitcoin and Ethereum. RavenCoin is one of the best coins to mine in late 2021, just like the best mixer grinder in India. It targets the transformation of decentralized mining.
RavenCoin was created to establish a blockchain that can swiftly transfer the assets of one person to another. In 2019, the developers added some crucial features like mobile wallets, messaging, etc. RavenCoin uses the KawPow protocol and functions on the X16R algorithm.
2. Monero (XMR)
Monero is among the top cryptocurrencies that are very easy to mine. The cryptocurrency is formed on CryptoNote Protocol. It carries the highest importance of equity in mining crypto.
Monero is resistant to ASIC and ranks 14th in the list of best crypto in the market. Installing the Mining rig of Monero is uncomplicated. Just gather hardware along with the wallet, and you’re good to go. Its block time is a mere 2 minutes, similar to an electric multipurpose kettle, boiling water.
3. LiteCoin (LTC)
If the technicalities are compared, LiteCoin is similar to Bitcoin. However, LiteCoin is an open-source project released with an MIT/X11 license. Miners don’t have to invest a lot of money in creating a LiteCoin mining rig. You don’t have to invest in ASIC chips.
You can easily mine it with a powerful GPU. But the most exciting factor has to be the wide range of exchange platforms coupled with the lower amount of transactional fees.
4. Ethereum Classic (ETC)
Ethereum Classic was created to continue the legacy of the original Ethereum blockchain. Presently it values around $13 billion. Users can quickly start mining by picking the right GPU for this cryptocurrency. The EtcHash algorithm used in Ethereum Classic is a modified version of Ethereum’s Ethash. It supports Smart Contracts and DAapps.
5. Zcash (ZEC)
Zcash was developed to be ASIC-resistant, barring users from easy crypto mining. However, the cryptocurrency’s value is less brittle than other cryptos in the market.
Traders who don’t like to spend a lot on commission will like it. On top of that, developers of Zcash have added additional privacy features in the cryptocurrency. It will surely appeal to many users.
Wrapping Up
There you have it. We have discussed the top 5 cryptos that you can mine in late 2021. You can opt for CPU mining, GPU mining, or ASIC mining. Whatever suits your crypto’s needs. Be a part of a mining ecosystem. Start now!
