2018 will surely be the year of uncertainty with a lot of excitement coming along with it. Mining of cryptocurrencies was already the most popular topic among many crypto traders at the beginning of 2017; now, more and more people are flirting with it. As per the growing popularity of cryptocurrency, the demand for mining equipment is also increasing day-by-day.
A few years back, becoming a miner was easy; anyone who had access to a powerful computer was able to mine. However, this scenario has been changed drastically because the old method of mining has become ineffective. In the early days of the emergence of bitcoins, mining was possible with a small CPU such as Raspberry Pi; however, with the increase of network and popularity, the mining quickly shifted to the GPU. A single GPU unit is equivalent to 30 CPU’s so it drastically increased the efficiency of mining.
Mining with GPU
The GPU, together with the hashrate, it’s of low price and power consumption; it is considered to be the best technology for mining any cryptocurrency. This kind of GPU will give the highest return over a short period of time, which is usually 6 months. In terms of speed, this may not be the fastest GPU available in the market, but it offers the best resale value as compared to others in the market.
Due to the constantly changing market of cryptocurrency, mining certain currencies today may not turn out to be profitable in a short-term scenario. For this reason, GPU or Graphics cards are the best options for mining any cryptocurrency. With the help of one or two GPU’s, one can easily mine various kinds of cryptocurrencies with a high probability of getting the best cryptocurrency in the market at that time.
One can mine many cryptocurrencies through the GPU technology where the major ones can produce better results in a short time span; read about them below:
Electroneum (ETN)
ETN is basically built on its own chain of blocks that comes from bitcoin. It aims at capturing the mobile games and online gambling market. Currently, it is easy to use mobile devices for fast transactions and easy payments.
Zcash (ZEC)
Zcash is a type of cryptocurrency which provides selective transparency for transactions.; it comes under the public blockchain but maintains privacy on details such as the sender, recipient and the amount that has been transferred.
Ethereum (ETH)
In the world of cryptocurrency, Ethereum is a popular cryptocurrency in the market. It took less than two years for ETH to become the second most used cryptocurrency after Bitcoin.
Feathercoin (FTC)
Feathercoin is a cryptocurrency which was launched as an alternative option for Bitcoin, the most popular currency. This currency came into existence in 2013 amid having a small trading volume. Feathercoin uses NeoScrypt and GPU’s can help to extract it.
Other Cryptocurrencies to Mine with GPU in 2018
A GPU in 2018 can mine the following cryptocurrencies:
ZenCash (ZEN)
Bytecoin (BCN)
LBRY (LBC)
MonaCoin (MONA)
Vertcoin (VTC)
Sibcoin (SIB)
Metaverse (ETP)
Ethereum Classic (ETC)
Ubiq (UBQ)
Monero (XMR)
Additional Note
An individual has the option of choosing their own GPU; however, the types of the GPU can vary according to one’s needs, demands, and budget.