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Best cryptos to mine
28.09.2018
183Views
With new coins constantly being introduced, it can be hard to know which coins are best cryptos to mine. Miners are actually necessary for the blockchain to function as they are responsible for securing and verifying the transactions of blocks onto the blockchain.

Miners achieve this by solving complex mathematical puzzles with the help of powerful computers. When a puzzle is solved the transactions are verified and a new block can be added to the blockchain. For this service, miners are paid in newly minted crypto coins and block rewards. As mining is energy intensive, it is important to have an understanding of some of the best cryptos to mine.

Monero

Monero is considered one of the most advanced cryptocurrencies. It is also one of the most accessible coins for new miners. All that is needed to mine Monero is Monero’s mining software which can be downloaded onto an ordinary PC. Like Bitcoin, Monero uses proof of work to incentivize miners to secure the network and validate new transactions, while also ensuring the creation of new coins. Make sure to download the Monero desktop wallet to safety store freshly mined coins.

Electroneum

Electroneum is similar to Monero. This is good news for miners because it is also a very easy coin to mine.  All you need to do is download the Electroneum wallet, which has an internal mining function. Even better, mining Electroneum is mobile friendly and can be mined directly from a smartphone. In order to secure higher returns, it is also recommended that you join a mining pool.  

Zencash

Zencash runs on the Equihash algorithm. Like the previous coins, it is necessary to have the Zencash wallet before you start mining.  The wallet is available at Zencash’s official website. If you are planning to mine Zencash, it is also advisable that you join a mining pool. This will insure your ability to mine quickly, thus increasing returns.

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