Editor's Note: This article comes fromNakamoto Shallot (ID: xcongapp), Odaily is authorized to publish.

Editor's Note: This article comes from

Nakamoto Shallot (ID: xcongapp)

Nakamoto Shallot (ID: xcongapp)

, Odaily is authorized to publish.

In the case of highly transparent hardware costs of major mining machine manufacturers and relatively limited differences in electricity costs, choosing a reasonable mining currency has become the most critical issue that needs to be considered before participating in mining. So in 2020, what currency is the best choice for mining?

Ethereum

If you have enough financial strength, then Bitcoin is still the best cryptocurrency for making money, not one of them. But for those individual miners with very limited initial investment, this is not the case. Because Bitcoin mining requires professional mining machines that use ASIC chips as the core of computing power, and the current competition in the Bitcoin mining industry is very fierce, it is also necessary to be able to obtain enough cheap electricity to control costs.

ETC

At present, the mining of Bitcoin is almost monopolized by large mines. It requires an initial investment of millions of dollars to purchase a large number of ASIC mining machines and cooling systems, and to find those countries or regions with competitive electricity prices to establish mines, so that they can obtain to a sufficiently substantial profit. At present, the value of mining rewards paid to miners by the Bitcoin network every day is still as high as $14.13 million.

Grin

For those "individual miners" with relatively limited investment, the following cryptocurrencies are actually more reasonable mining options:

Haven Protocol

Ethereum

BitTube

Ethereum, the second largest coin in the cryptocurrency world, is still the most suitable coin for individual miners. Although the profit of GPU mining has dropped significantly after the emergence of Ethereum ASIC mining machines, Ethereum still supports GPU mining so far. The previous debate on the ProgPOW algorithm was intended to resist the "invasion" of ASICs.

ETC and ETH use the same Ethash core algorithm, so it is also profitable for individual miners who use GPU mining. After the official release of Ethereum 2.0, it is expected that the hash rate of ETC will further increase, which will further increase the mining value of ETC.