We here at CryptoDetail have looked deeply into crypto mining. We have outlined the best methods, the most expensive methods, and the outright scams. We have also given you our 2018 list of most profitable coins to mine. However, there are a number of variables. And, "best" isn't necessarily the fastest or most profitable. Sometimes a balance between the two makes a coin "the best".
Two Thoughts in Mind
Aside from the whole point of view debate here; we are going to approach this with a few thoughts in mind. First, low difficulty. The lower the difficulty the more coins you mine. It's just that simple. Secondly, ease of transfer to cash. There is no use in mining a coin that you can't liquidate at will.
With those two thoughts in mind, we also have to consider more immediate profits. Just because a coin has a higher difficulty doesn't necessarily mean we knock it off both our CPU and GPU listings. With the higher hash rate on GPU mining, there is going to be a different list to be sure.
If you are in a position to be able to choose between CPU mining (which can be done for free, except for your electric bill increase) and GPU mining (which costs a bit more at the outset because you are buying hardware right off the bat); we recommend GPU mining. This method of mining will give you a far higher hash rate. And, as we all know, mining is not about getting rewarded just for working; it is for getting the work done first. So, GPU is preferable to CPU mining; just to get that extra edge.
Our Top 5 Cryptos For CPU Mining
With those thoughts in mind; not so many years ago, Bitcoin was easily and profitably mined with nothing but a factory laptop. While that is not true today; there are a number of coins that can be successfully mined with a CPU:
# 1 on our list is (yep; you are never going to talk us out of this) Ethereum. While CPU mining ETH is not going to make you rich overnight; it does start to give you a daily profit higher than you are going to get with any other coin.
# 2 on our list is Bytecoin. The price of this obscure little coin, commonly known as BCN, shot through the roof in 2017 as its potential was fully realized by many in the cryptosphere. Still, this coin remains one that is accessible by all. Its low difficulty makes it one that can also be mined rather quickly too. With CPU mining this is a slow, steady income showing immediate results.
# 3 on this list is Monero. XMR is an old favorite here at CryptoDetail, and around the cryptosphere. While it has its positive points; again, it is Monero's lower difficulty and excellent price that make CPU mining so attractive. XMR mining with this method will, as with the others, begin showing profits immediately.
# 4 on this list is Zencash. ZEN is another coin that has the low difficulty allowing us to mine it with a CPU. And, for those of you who have never heard of Zencash; be sure to check it out. There is much that is positive about this coin. And, to remain true to our stipulation that a coin must be easily liquidated; ZEN can be converted to any number of cryptos right on Changelly and ShapeShift.
And, last, but not least, is our # 5 choice in CPU minable cryptos - Dogecoin. The amazing stability of this coin is something we have discussed at length in the past. That, as well as its low difficulty and easy conversion to more liquid coins, is what puts Doge on our list.
And What Should You Mine With GPUs?
Right about now we bet you think you are going to expect a new list. Well, we do not have another list. The fact is that the coins listed above are the exact same as the ones we recommend for GPU mining.
Why? The answer is simple. Whatever you can mine profitably with CPU mining; you can mine faster with GPU mining. So, we take those same coins; Ethereum, Bytecoin, Monero, Zencash and Doge; and crank up the GPUs. With GPU mining you are making more coins, a lot faster.
So here goes Our list again:
The difference here is that CPU mining can be done with a factory standard laptop or desktop computer. And, GPU mining requires a special graphics card to maximize your mining profitability. And, since you have to buy special hardware for GPU mining, actually making a profit takes a bit of time in comparison with CPU mining; which shows a profit the same day you begin.
As always we must recommend (demand) that you do your own due diligence here. CPU and GPU mining depend heavily on your local electric supply and cost. So, you need to factor in that all-important cost. Beyond electricity, there is no additional cost for CPU mining. And, aside from buying the right graphics card, your electric costs are the only considerations when setting up a GPU mining operation.
The only real question here is ...
How long are you willing to wait to see your profits?
Do you want to see $1-$2 /day racking up in your wallet with CPU mining? Or, do you want to wait a few months to start seeing $5-$10 /day profit from after your initial investment in the right graphics card for you?
Again this decision can only be made by you after you consider the available possibilities you uncover through your own due diligence, and pick the options that work best for you, your situation, and, yes, your personality.
We here at CryptoDetail engage in both CPU and GPU mining. Both have their pros and cons to be sure. And, as we said above, GPU mining is most definitely the more profitable in the long run.
Either way, you are going to have fun watching cryptos "magically" appear in your own wallet. And that is what draws us all to mining from the start.
Thanks for joining us on this exploration. Good luck on your own crypto mining adventure. Happy Mining and HODLing!!!
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