Best Cryptocurrencies to Mine with GPU 2020 and CPU as an Alternative
Which method of crypto mining is more preferable for you: CPU mining or GPU mining? Which cryptocurrencies to choose? Take a look at our recommendations.
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 list of most profitable options of cryptocurrency to mine with GPU. However, there are several variables. And, "best" isn't necessarily the fastest or most profitable. Sometimes a balance between the two makes a coin "the best."
Which Cryptocurrency to Mine with GPU: 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 pressure, the more coins you mine. It's just that simple. Secondly, ease of transfer to cash. There is no use in mining a currency 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 greater 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.
Most Profitable Cryptocurrency to Mine with GPU
With those thoughts in mind, not so many years ago, Bitcoin was efficiently and profitably mined with nothing but a factory laptop. While that is not true today; some coins 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 productive overnight, it does start to give you a daily profit higher than you are going to get with any other coin. Though due to some factors, one if which is reliability, Ethereum is no doubt the best cryptocurrency to mine with my GPU.
# 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. But this is the best cryptocurrency to mine with GPU 2020.
# 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. Thus, if you are looking for the best cryptocurrency to mine with GPU, this is your option.
# 4 on this list is Zencash. ZEN is another coin that has 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 faithful to our stipulation that a currency must be readily 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 incredible 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.
How to Mine Cryptocurrency with GPU and What Should I Mine?
Right about now, we bet you think you are going to expect a new list. Well, we do not have another plan. The fact is that the coins listed above are the same as the ones we recommend for GPU mining.
Why? The answer is simple. Whatever you can mine profitably with CPU mining, you can drill faster with GPU mining. If you are wondering which cryptocurrency to mine with GPU, 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 specialized 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 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 prices are the only considerations when setting up a GPU mining operation for the most profitable cryptocurrency to mine with GPU.
The only real question here is ...
How long are you willing to wait to see your profits?
Even though you might choose the best cryptocurrency to mine with CPU, it might take some time until you start earning.
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 viewing $5-$10 /day profit from after your initial investment in the right graphics card for you? If you choose the best cryptocurrency to mine with Nvidia GPU, your earnings will grow faster.
Again this decision can only be made by you after you consider the available possibilities you uncover through your 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 wallet. And that is what draws us all to mining from the start.
Thanks for joining us on this exploration. Good luck with your crypto mining adventure. Happy Mining and HODLing!!!