In this guide, we look at the best cryptocurrencies for GPU mining in 2021. Small home miners can still mine these digital coins profitably from home with the right GPU configuration and reasonable power costs.
Before we talk about GPU (personal computer) crypto-currency mining, let’s take a look at how major crypto-currencies like Bitcoin and Ethereum are mined. Most of the largest and best-known cryptographic tokens are operated with ASIC (Application Specific Integrated Circuit) mining equipment, designed for a single task: operating a specific cryptographic asset. But they can be expensive. If you don’t continually update your ASIC miner to the latest version as soon as it comes out, it can be difficult to compete with other, more experienced miners all vying for rewards for the same coin.
These are some of the cryptographic assets that can be successfully deployed with your GPU:
Vertcoin is a peer-to-peer cryptocurrency that uses an application-specific integrated circuit (ASIC), proof-of-work (PoW) mechanism, Lyra2REv3, to encourage miners. ASIC’s resilience means that VertCoin’s founders want it to be distributed more fairly so that everyone can mine it and not be controlled by centralized mining companies and ASIC pools.
The cryptocurrency was created in January 2014 and is based on the bitcoin code. The duration of the blockchain is comparable to Litecoin (2.5 minutes) and the coin supply is limited to 84 million.
To mine Vertcoin with a GPU, download the miner in one click by visiting the Vertcoin website. Also download a Vertcoin wallet from the same website to store the VTCs you will be mining.
Monero is a privacy-oriented currency based on the CryptoNote protocol that uses the RandomX hash function. Bitcointalk user thankful_for_today created a bytecoin codebase for BitMonero in 2014. The community then changed the name to Monero.
XMR is just as ASIC-resistant as Vertcoin, making it one of the cryptocurrencies that can be profitably mined from home with GPUs. In addition, the installation of the mining unit is simple. Once you have purchased the mining equipment and wallet, download and configure the mining software.
The blocking time of Monero is two minutes and the maximum impact is unlimited.
Ravencoin is one of the best cryptocurrencies for GPU mining. It focuses on the decentralization of mining. The result is that anyone can effectively mine RVN at home with the proper mining setup. The cryptocurrency uses an algorithm known as KAWPOW.
The developers behind Ravencoin launched the crypto-currency in November 2018. The Ravencoin protocol is based on the Bitcoin fork code. However, Ravencoin differs from Bitcoin in that project owners can issue and transfer assets and sub-assets. Moreover, the duration of the blockchain is one minute and the total coin supply is 21 billion.
Download the mining software and configure it for RVN mining. Then join one of the RVN mining pools found here.
Port Protocol (XHV)
Haven Protocol is a fork of Monero, meaning it has the same privacy features, but offers price stability through its synthetic stablecoin, xUSD.
XHV uses the CryptoNight Heavy algorithm, which is ASIC-resistant and not compatible with Nicehash. Therefore, you can mine this crypto currency at home with a compatible graphics card and mining software. The developers behind this project released the Haven protocol core network in July 2020.
The duration of the XHV block is 120 seconds and there were approximately 14.2 million coins in circulation as of March 2021.
Ethereum Classic (ETC)
Ethereum Classic is a hard fork of Ethereum that aims to preserve the original Ethereum blockchain. The Ethereum Classic blockchain also supports DApps and smart contracts. The ETC was launched in July 2016.
Ethereum Classic uses a modified version of Ethereum’s Ethash algorithm called EtcHash. The change, also known as the Thanos update, provided better access to GPU miners. Therefore, miners with GPUs of 3 and 4 GB can exploit ETCs. ETC developers snapped up Thanos in November 2020.
You can start mining ETCs by buying a wallet that supports this crypto currency and one or more graphics cards. Then download and configure mining software like GMiner. Once you are done, your installation will start extracting ETCs for you.
The ETC delivery limit is 210,700,000 and the lockout time is approximately 13 seconds.
Monacoin is a spin-off of Litecoin that an anonymous developer, Mr. Watanabe, based on the ASCII cat character Mona. Mona is a popular internet meme in Japan that originated in 2000.
Monacoin uses the Lyra2RE(v2) proof-of-work algorithm and has a 15 minute lock time. Moreover, the total stock of coins is 105,120,000. The Lyra2RE(v2) algorithm makes MONA one of the best cryptocurrencies for GPU mining.
The mining process is similar to other GPU-based cryptographic variants. After you purchase the wallet and graphics card, download and configure the mining software.
The currency was launched in 2013, and many merchants in Japan accept it as a means of payment.
Aeternity is another popular minimalist GPU crypto-currency founded in 2016 by Yanislav Malakhov. The Aeternity blockchain uses both proof-of-work and proof-of-share consensus mechanisms. The proof-of-work mechanism is called Cuckoo Cycle, an ASIC-resistant, low-power algorithm.
To mine AE with a GPU, buy a card with at least 4GB of memory and download the mining software. Then put it in place and you have AE in your wallet.
The main unit of the Aeternity device is created every 180 seconds. In addition, the team behind this project did not maximize the delivery of parts.
Beam is another cryptocurrency that miners can mine at home with GPUs with at least 4 GB of memory. Beam uses a modified version of the PoW Equihash (150.5) mining algorithm, called Beam Hash III. It also works with the Mimblewimble and LelantusMW protocols. The team behind Beam launched the project in 2018.
The maximum amount of coins is 262,800,000 and the removal time is about one minute.
Mining software compatible with Nvidia and AMD graphics cards is available on the Beam website. You just need to download and configure this software to start mining BEAM.
Komodo is another GPU-based crypto currency that uses the Equihash PoW mining algorithm. The development of this blockchain began in 2014. Komodo will provide secure and interoperable blockchain solutions to enterprises starting in 2019.
Komodo was originally a fork of Zcash, but the developers have since updated it with new features like smart contracts. In addition, Komodo uses a PoW consensus mechanism called delayed PoW (dPoW). dPoW uses the Bitcoin blockchain to secure the Komodo blockchain.
You can buy KMD by downloading the mining software and setting it up with your wallet and mining pool.
The total stock of CMDs is 200 million and the lock time is 60 seconds.
Feathercoin is an open source crypto-currency that supports GPU miners. Miners working at home can also use processors, but GPUs are more efficient. The mining algorithm is NeoScrypt, which favors GPU mining.
The origin of the scroll dates back to April 2013, making it one of the oldest altars. It also offers easy payments with its quick lock time of one minute. Feathercoin also offers cheap payments. The total stock of coins is 336 million.
You need software like Cudaminer to exploit FTCs. Moreover, the Feathercoin community recommends P2Pool as the best mining pool.
Just because you can use a particular crypto currency with a GPU doesn’t necessarily mean you should or that you can do it profitably. Do your homework to better understand the crypto currency perspective you can offer me. Does it have a viable application? Is the number of users increasing? Should I keep or sell my cryptocurrencies immediately?
Keep in mind that mining cryptocurrencies is not without risk, as the value of the Kipto you mine can fluctuate greatly. You should never invest more in mining than you can afford to lose.
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