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To understand why it is easier to mine some digital currencies than others, it helps to look at the different types of mining: As cryptocurrencies grow in popularity, so do the number of people interested in mining them.
In the beginning it was the most popular cryptocurrency mining method because almost any computer could do it. However, time has shown that it is slow and, in many occasions, not very profitable.
CPU mining
However, the process is simple, mainly because the initial outlay is low. Not all cryptocurrencies can be mined with a CPU; those that are suitable are among the easiest cryptocurrencies to mine.
GPU Mining
This is another very common modality, for which a GPU (Graphics Processing Unit) is needed. It is considered a cheap and effective method, as it offers quite a lot of speed.
ASIC mining
Cloud mining
The system of choice for “professional” miners. ASIC stands for Application Specific Integrated Circuit, and it’s a specific equipment for mining cryptocurrencies that comes at a high cost.
A company is contracted to perform the entire process for the interested party. It performs the maintenance and supervision in exchange for the payment of a fee.
The easiest cryptocurrencies to mine
The easiest digital currencies to mine are those that are mined on the GPU or CPU.
Here are 7 of them:
1. Grin (GRIN)
The cryptocurrency Grin, which at the time of writing has a value, according to CoinMarketCap, of €0.3112, can be mined with GPUs. It was developed in 2019 through the MimbleWimble protocol, which aimed to build an anonymous, scalable and lightweight blockchain.
It is possible to mine Ethereum Classic with GPUs and video boards with 3 or 4 GB of memory. Ethereum Classic is a decentralized platform that runs smart contracts. Its native cryptocurrency is ETC, which is priced at €40.54 at the time of writing. It was born from Ethereum in 2016 after the hack known as The DAO.
2. Ethereum Classic (ETC)
When it was launched in 2016, it was said to be the alternative cryptocurrency to bitcoin. Even Edward Snowden supported Zcash, since its system encrypts all information, making it untraceable. Currently, Zcash is priced at €91.91 and can be mined with GPU or CPU.
3. Zcash (ZEC)
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