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Home Cryptocurrency Mining: Which Coins Are Worth Trying to Mine
Bitcoin has long been out of reach for home computers, but that doesn't mean mining cryptocurrencies at home is impossible. There are several alternatives that can be mined on a regular PC if you know where to start.
Dogecoin (DOGE) is a great option for beginners. Yes, it started as a meme, but has become a serious altcoin with a huge user base. The main feature of DOGE is that new coins are added every year, unlike Bitcoin's limited supply. This provides miners with a constant incentive. Currently, DOGE is trading around $0.09 with a daily increase of +1.31%. You’ll need a wallet to get started — an official or online version will do. CPU miners work on the processor, but the speed will be low. If you want to speed up the process, use an AMD or Nvidia graphics card and run cgminer or cudaminer. It’s better to join a mining pool like MultiPool, where the speed and profits are higher. After mining, coins are easily sold on major exchanges.
Ethereum Classic (ETC) gained a second wind when the main Ethereum switched to Proof of Stake in October 2022. All the computing power previously used for ETH can now be directed to ETC. You can mine it on ASIC machines or regular desktops. Currently, ETC is priced at around $8.21, with a 2.20% increase over the past 24 hours. Mined ETC can be sold through major trading platforms.
Bitcoin Gold (BTG) is a fork of the original Bitcoin, launched in 2017. The project has been somewhat quiet with updates, but market capitalization and trading volumes remain solid, so finding buyers for mined coins is not a problem. BTG uses the Equihash(144,5) algorithm. The current price is $3.05, down 0.68% over the day. Which other cryptocurrencies can be mined depends on your hardware, but these three are the most accessible for home mining.
Conclusion: If you have a decent graphics card and some free time, home cryptocurrency mining is a very real way to earn extra income. The key is to choose the right coin for your equipment and join a mining pool for the best results.