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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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Residents of South Korea have become more active in investing in cryptocurrencies

The average amount of investments of investors from South Korea in cryptocurrency is $ 6,100, which is 64% more than last year, reports Cointelegraph. According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). Remarkably, […]

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The average amount of investments of investors from South Korea in cryptocurrency is $ 6,100, which is 64% more than last year, reports Cointelegraph .

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto-burg, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price hike and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.

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Central Bank of Tunisia and Afghanistan can create crypto bonds to attract investment

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The heads of central banks of Afghanistan and Tunisia said that their countries are considering the possibility of issuing sovereign cryptocurrency bonds. Officials reported this at the annual Spring Meetings of the Board of Governors of the International Monetary Fund and the World Bank Group in Washington.

Governor of the Central Bank of Afghanistan, Khalil Sediq, said they are seriously considering crypto bonds as a tool to attract the $ 5.8 billion private investment needed by the country's mining, energy and agricultural sectors.

Since the country is limited in opportunities for concessional lending due to the ongoing internal armed conflict, the issue could be the issue of bonds and futures for metals, said Sedik. The country hopes to use for this its reserves of lithium, estimated at more than $ 3 trillion.

The head of the Central Bank of Tunisia, Marouane El Abassi, in turn, said that the country has already established a working group, which is also seriously studying the issue of issuing sovereign bonds to Bitcoin . He recalled that Tunisia was one of the first countries in the world to issue electronic currency, an e-dinar, in which payments are received by national mail.

Publication date 04/22/2019
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How do transactions occur in the Bitcoin network? The whole cycle from start to finish

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Bitcoin (BTC) and its complexity have become a concept that many cryptocurrency users have been trying to understand since its inception. In his latest video, the famous Bitcoin enthusiast Andreas Antonopoulos and the author of the book “Mastering Bitcoin,” spoke about the life cycle of a Bitcoin transaction with a wallet from start to finish.

Antonopoulos said that since the transaction was sent from the wallet for confirmation to the Bitcoin network , the wallet creates a transaction, accumulating BTC in the user's wallet and assigning addresses. Then the user's wallet transfers the transaction information to one of the many nodes to which it is connected, from where it can be sent to “1, 2 or even 8 other nodes”.

“Then the transaction is transferred to other nodes, which can be mining nodes, e-commerce payment gateways and other options. Each of these nodes will receive a transaction from yours, and each will verify each transaction. When nodes receive transactions, they do not know whether it was created by you or was redirected, and therefore each of these transactions must be checked individually. ”

Then Antonopoulos said that if all the nodes are checked, i.e. if the payment details are correct and it is confirmed that there were no double costs in the blockchain, then the transaction information will be sent to every other node.

“As soon as a transaction reaches the mining pool , it enters the pool of unconfirmed transactions, for example, a basket in which all unconfirmed data is stored. In another way it is called mempul. The information in individual memoplahs may coincide by 99%, but there will never be complete similarity. ”

According to the expert, the memory also serves to submit the transaction to the BTC miner to add a new block, after which the race is turned on for the next block. As a rule, miners have to build a block, and then solve it with the help of Proof-of-Work , making it ultimately confirmed.

Once the unit is ready, the information will be sent mayningovomu equipment to solve the problem in this particular block, and probably after the "billion hashes" miners will block.

“As soon as PoW is resolved, the mining node will return the node back in the same way as it received. The nodes check the block on the way back, and as soon as all the nodes confirm its validity, the user's wallet will know about the confirmation of the transaction. This is the full life cycle of a transaction. ”

Publication date 04/22/2019
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Name Price24H (%)
Bitcoin (BTC)
$5,312.00
1.32%
Ethereum (ETH)
$171.05
2.00%
XRP (XRP)
$0.325595
1.89%
Bitcoin Cash (BCH)
$292.35
2.53%
EOS (EOS)
$5.21
1.92%
Stellar (XLM)
$0.114053
2.57%
Litecoin (LTC)
$76.77
1.55%
Cardano (ADA)
$0.076520
5.66%
Tether (USDT)
$1.00
-0.18%
Monero (XMR)
$69.65
2.15%
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