Despite the fact that mining Bitcoin on a personal computer is no longer relevant, there are alternative cryptocurrencies that can still be mined at home with certain efforts.
The ideal cryptocurrency for home mining is one that does not require the creation of powerful mining equipment.
Dogecoin (DOGE)
Although this digital currency originally appeared as a meme, Dogecoin (DOGE) gained widespread recognition thanks to Elon Musk and transformed into an altcoin with an impressive user base. Unlike the limited supply of Bitcoin, DOGE is designed to release new coins annually, which creates additional motivation for miners.
To start mining DOGE, you need to create a wallet - this can be the official Dogecoin wallet or an online version. For CPU mining, the CPU miner program will suffice, although the speed will be low. To increase efficiency, it is recommended to use AMD or Nvidia graphics cards. When mining with GPUs, you can use cgminer or cudaminer.
Although individual mining is possible, it is more profitable to join a pool, such as MultiPool, which provides higher speed and profitability. After mining DOGE, it can be sold on the Gate exchange.
Ethereum Classic (ETC)
The main goal of the Ethereum Classic project was to preserve the original Ethereum blockchain, providing an alternative for those who categorically disagreed with the restoration of Ethereum after the DAO incident and the course chosen by the Ethereum Foundation. Mining standard Ethereum became impossible after the Ethereum blockchain transitioned to a proof-of-stake mechanism in October 2022. This proved beneficial for Ethereum Classic, as resources previously used in mining ETH can now be easily redirected to mining ETC.
Despite the possibility of mining ETC on ASIC devices, it can also be mined on regular computers. After mining Ethereum Classic, it can be sold on Gate.
Bitcoin Gold (BTG)
Bitcoin Gold (BTG) appeared in 2017 as a fork of the original Bitcoin blockchain. Initially, the project had an ambitious roadmap aimed at improving the scalability and development potential of Bit (BTC), however, in recent years, the project's activity has decreased, and updates to the roadmap have ceased. Nevertheless, BTG still has significant market capitalization and daily trading volumes, allowing BTG miners to easily find buyers.
Bitcoin Gold uses the Equihash-BTG algorithm, also known as Equihash(144,5) or Zhash, and its price dynamics are usually closely correlated with the price movements of the original Bit. After mining BTG, it can be traded on Gate.
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Cryptocurrencies for mining on a home PC
Despite the fact that mining Bitcoin on a personal computer is no longer relevant, there are alternative cryptocurrencies that can still be mined at home with certain efforts.
The ideal cryptocurrency for home mining is one that does not require the creation of powerful mining equipment.
Dogecoin (DOGE)
Although this digital currency originally appeared as a meme, Dogecoin (DOGE) gained widespread recognition thanks to Elon Musk and transformed into an altcoin with an impressive user base. Unlike the limited supply of Bitcoin, DOGE is designed to release new coins annually, which creates additional motivation for miners.
To start mining DOGE, you need to create a wallet - this can be the official Dogecoin wallet or an online version. For CPU mining, the CPU miner program will suffice, although the speed will be low. To increase efficiency, it is recommended to use AMD or Nvidia graphics cards. When mining with GPUs, you can use cgminer or cudaminer.
Although individual mining is possible, it is more profitable to join a pool, such as MultiPool, which provides higher speed and profitability. After mining DOGE, it can be sold on the Gate exchange.
Ethereum Classic (ETC)
The main goal of the Ethereum Classic project was to preserve the original Ethereum blockchain, providing an alternative for those who categorically disagreed with the restoration of Ethereum after the DAO incident and the course chosen by the Ethereum Foundation. Mining standard Ethereum became impossible after the Ethereum blockchain transitioned to a proof-of-stake mechanism in October 2022. This proved beneficial for Ethereum Classic, as resources previously used in mining ETH can now be easily redirected to mining ETC.
Despite the possibility of mining ETC on ASIC devices, it can also be mined on regular computers. After mining Ethereum Classic, it can be sold on Gate.
Bitcoin Gold (BTG)
Bitcoin Gold (BTG) appeared in 2017 as a fork of the original Bitcoin blockchain. Initially, the project had an ambitious roadmap aimed at improving the scalability and development potential of Bit (BTC), however, in recent years, the project's activity has decreased, and updates to the roadmap have ceased. Nevertheless, BTG still has significant market capitalization and daily trading volumes, allowing BTG miners to easily find buyers.
Bitcoin Gold uses the Equihash-BTG algorithm, also known as Equihash(144,5) or Zhash, and its price dynamics are usually closely correlated with the price movements of the original Bit. After mining BTG, it can be traded on Gate.
Warning: this publication contains materials and opinions from third parties. It is not a financial recommendation. It may include sponsored content.