The Top 3 Easiest Crypto to Mine in 2021

 Bitcoin and the entire cryptocurrency ecosystem has gained immense popularity over the last decade. This fast-rising invention is arguably the most interesting innovation of our time, that’s why you’re probably here looking for the easiest crypto to mine and we’re here to help you!

Global awareness and adoption of cryptocurrencies are majorly on the rise because it is a reliable way to earn passive income.

There are many ways to earn passive income in the crypto space, like “hodling” your crypto assets amongst several other profitable options. However, of all these options, one major method stands out – Mining.

What is Crypto Mining? 

Cryptocurrency mining is simply a process by which transactions are verified and included in the blockchain digital ledger. Also, it ensures the introduction of new digital tokens to the already circulating supply.

It carries out all these functions without the need for any form of centralized body or a third party. Cryptocurrency mining requires the use of specialized computers known as Miners.

There are several methods of carrying out cryptocurrency mining. They include:

  • Cloud Mining – involves paying a firm to help carry out mining functions. The firms are usually specialized, so there’s a high chance of receiving huge returns, especially paid cloud mining.
  • CPU Mining – involves the use of processors to mine cryptocurrencies. This method was quite popular a few years back. Its popularity has, however, dwindled in recent years. Some of the best crypto to mine with CPU include; Zcash, AEON, Vertcoin, etc.
  • GPU Mining – This is arguably the most widely used and efficient method of mining cryptocurrencies. Most cloud mining corporations make use of GPU rigs. They stand out because they are efficient, cheap, and quite easy to use. Some of the best crypto to mine with GPU include; GRIN, ETH, Monero, Electroneum, etc.
  • ASIC Mining – This involves using special devices ASICs (ASICs – Application-Specific Integrated Circuits) to carry out crypto mining operations. They are quite popular because of the huge amounts of crypto they can produce within a short period of time. They are, however, a major source of controversy in the crypto mining space.

As global awareness and adoption of cryptocurrencies grew, so did the interest of people in crypto mining. There is currently a wide range of cryptocurrency to choose from when planning to carry out mining operations.

To dubbed particular crypto as “the easiest crypto to mine” requires some form of expertise and know-how on the part of the miner.

Below are several features to look out for before choosing suitable crypto for mining.

  • Rate Potential Profitability

The first step to take is to check out how profitable the crypto is. It is advisable to work with well-known cryptocurrencies as opposed to new coins. However, there are no hard and fast rules as new crypto with adequate support might really rise to the top.

  • Withdrawal Options are Available.

It doesn’t make sense to mine crypto that has no reliable method of withdrawing it. Several new coins find it difficult to get listed on exchanges.

In the event of such, the possibility of converting them to fiat or more popular cryptos like BTC or ETH is near impossible.

In choosing crypto to mine, it is advisable to choose prominent tokens or tokens already available on cryptocurrency exchanges like Binance.

  • Legally Acceptable

Several countries like China have put laws in place as touching crypto mining or mining of specific cryptocurrencies. This majorly affects privacy tokens like Zcoin and Monero.

In choosing crypto to be mined, it is important to ensure that all regulations as touching crypto mining are strictly adhered to.

  • Cost of the Crypto

As a general rule of thumb, it is expected that the more expensive crypto is, the more profitable mining it should be. However, this isn’t always the case, especially for long-term investment.

You could also locate a promising token, mine it, and wait patiently for it to grow.

  • Halving

It is usually not advisable to mine a crypto token close to its halving date, as this leads to lesser rewards and profit. So it is necessary to steer clear from cryptocurrencies close to their halving dates.

  • ElectricityCost

This is a major aspect to look into before choosing a crypto token. How much electricity is needed to mine one token? This info will help calculate the profitability of mining that particular cryptocurrency.

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