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What better to mine in 2019? Which mining cryptocurrency is most profitable

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Mining cryptocurrency is a process that checks the correctness of transactions and adds them to the blockchain registry. Let's talk about which cryptocurrency is better to mine in 2019.

In the process of mining, miners (computers) compete with each other in solving complex mathematical problems associated with cryptographic hash functions. Those who find a solution first receive payment.

Mining is conducted in various ways. The classic way is to create a mining farm that will cost you a fortune. This requires complex computers, systems for their cooling and efficient power supply.

However, there are alternative types of mining. Thanks to the development of the cryptocurrency sector, mining can also be performed using a computer processor. It is easy and does not require any special technical skills.

Mining can also be carried out via smartphones using platforms such as Electroneum (ETN) . In other cases, you can use graphics processors (GPU) or ASIC miners. But the most convenient and profitable option is – cloud mining .

The best cryptocurrencies for mining

Over the years, Bitcoin has been the best cryptocurrency for mining. However, over time, the mining of bitcoins has ceased to be profitable due to the fact that this requires more computational power. However, there are several altcoins that are beneficial for mining. Here are some of them.

Coin mining grin

Grin's cryptocurrency is based on the Mimblewimble protocol. This network is distinguished by increased confidentiality, scalability and reduced blockchain size. Despite the limited supply of coins, Grin Coin gained recognition even among altcoin opponents. This is one of the best cryptocurrencies for mining, which became known in 2019, when several major websites stated that this protocol is capable of solving many current problems in crypto.

Grin mining requires Nvidia graphics cards with the markings 1070, 1070ti, 1080, 1080ti, 2070, 2080, 2080ti, however, some AMD cards will do.

You can download the official miner (software) for Grin and join the mining pools F2Pool, Grinmint, Sparkpool, Pool.BTC, which account for 40%, 16%, 25% and 16% of the computing power for this coin, respectively.

Mining Ethereum using graphics cards

Ethereum is the third cryptocurrency in the world by market capitalization. It can also be mined using graphics processors. This is one of the best cryptocurrencies for mining, as the coin is valued for its smart contracting functions. Ethminer video card is recommended for etirium mining, which is quite expensive, although it is worth it.

In general, the mining of ether is difficult, but it increases the profitability of such an enterprise. Now the etithium mining attracts fewer miners, and you can get a significant income if you use the most optimal equipment.

Mining Litecoin using ASIC miners

Lightcoin is a peer-to-peer (P2P) cryptocurrency that allows cross-border payments. Compared to other cryptocurrencies, Litecoin transaction confirmation is faster, and this makes it one of the best cryptocurrencies for mining.

In terms of equipment in the mining of lightcoin, there are fewer alternatives. One of the most affordable options is the ASIC miner Antminer L3 ++, which is the most optimal for the price (about $ 400) and power consumption, as well as its hashrate.

For lightcoin mining, you can connect to pools such as Litecoin Pool, Antpool and LTC.top. In addition, you can use the Litecoin Core client to store your lightcoins.

Useful site for miners WhatToMine.com

WhatToMine is the leading profit calculator for miners . The information on the site is the result of combining various data and analyzing them, which makes it possible to isolate advantageous coins.

Over the past years, the profit from mining has decreased, and such platforms can be very useful for assessing the profitability of investments in cryptocurrency. You need to enter the name of the equipment used, the number of your devices and the cost of electricity in your area. By clicking the Calculate button, you will receive recommendations on the best cryptocurrency for mining.

Conclusion

Mining cryptocurrency can be profitable if you have the right hardware, software and some technical knowledge. In addition, you should know how to protect your investment.

This approach will allow you to receive passive income by choosing the best coins for mining. But before you invest money in any digital assets, examine everything that concerns them in order to feel financially secure.

Publication date 02/08/2019
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Unknown trader bought Bitcoin at the rate of $ 19,400

On a little-known Brazilian cryptocurrency exchange with limited liquidity, an unknown trader purchased Bitcoin at a price that significantly exceeded the market, reports CCN. So, for 0.0047 BTC he paid 340 Brazilian reais ($ 91). At this rate, 1 BTC would have cost him $ 19,400. The current market price of 0.0047 BTC is just over $ 18. By assumption CCN, the deal was […]

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On a little-known Brazilian cryptocurrency exchange with limited liquidity, an unknown trader purchased Bitcoin at a price that significantly exceeded the market, reports CCN .

So, for 0.0047 BTC he paid 340 Brazilian reais ($ 91). At this rate, 1 BTC would have cost him $ 19,400.

The current market price of 0.0047 BTC is a little over $ 18.

According to CCN, the deal was concluded as a result of the inexperience of the trader.

“He placed a large order for the purchase and thus emptied the entire glass of sales orders. Before buying out a bitcoin share at a price of $ 19,400, he also bought out bids at a price of $ 16,000, $ 13,000 and $ 10,000, ”the portal writes.

We add that the maximum rate of Bitcoin on the Brazilian stock exchanges in December 2017 reached $ 18,900.

Recall that in July 2018, Binance suspended the operation after one of the users paid 96 BTC for one Syscoin token .

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In France, there will be another 10,000 points to buy cryptocurrencies for the euro

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French cryptocurrency startup Digycode is expanding its network. The company plans to open 10 thousand points for the sale of cryptocurrencies in France, cooperating in this matter with the payment giant Ingenico. The startup has already shared this good news on Twitter.

According to DailyHodl, a crypto startup will offer prepaid coupons, which can be purchased in three available options (20, 50 or 200 euros). A potential customer must go to the Digycode website and redeem a coupon. In this case, the euro will be converted into any of the selected currencies:

“Digycode integration is the result of a fruitful collaboration between Digital Service and Ingenico. By the way, tobacco shops equipped with Devlyx can offer our development to their customers. ”

Recall that in France they actively implement cryptocurrencies . We recently reported that by the end of February, 6.5 thousand tobacco shops will be equipped with devices for selling digital currencies. This is done, first of all, for those people who experience difficulties with buying Bitcoin online .

Publication date 18.02.2019
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The price of Bitcoin reached a monthly maximum, the bulls are preparing for a breakthrough for $ 4,000

On Monday, February 18, the price of the first cryptocurrency reached $ 3,700 at the Bitstamp exchange, thereby updating the monthly maximum. In the opinion of CoinDesk Markets analyst Omkar Godboul, this confirmed the formation of a downward wedge, a reversal pattern, which indicates a rapid change in trend. Nevertheless, Godboul noted that bitcoin is still stuck in a symmetrical triangle on the daily chart. At the same time […]

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On Monday, February 18, the price of the first cryptocurrency reached $ 3,700 at the Bitstamp exchange, thereby updating the monthly maximum. In the opinion of CoinDesk Markets analyst Omkar Godboul, this confirmed the formation of a downward wedge, a reversal pattern, which indicates a rapid change in trend.

Nevertheless, Godboul noted that bitcoin is still stuck in a symmetrical triangle on the daily chart. At the same time, the inverted head and shoulders on the four-hour chart speak in favor of breaking through the upper boundary of the triangle at $ 3,760, which will open the way to $ 4,030.

Note that today's growth of Bitcoin is supported by high volumes and an increasing number of long positions (38,237 BTC on Bitfinex). A break above $ 3,760 will change the situation on the daily chart in favor of the bulls, but failure will increase the chances of bears to return to $ 3,300.

The 5-day and 10-day moving averages (MA) on the daily chart point to the possibility of success for the bulls, while the 14-day RSI reached 61, the highest since September 2018.

It is noteworthy that on the four-hour chart RSI shows overbought. This may indicate a possible rollback before the rally to the specified values, says Godboul.

Meanwhile, Ethereum again entrenched in second place CoinMarketCap. Over the past 24 hours, the coin has grown by almost 10% and is close to the $ 140 mark. EOS and Bitcoin Cash come on the heels: they have 6.5% growth.

CoinMarketCap data

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