Profitable crypto mining 2022

BCH, BSV, LTC,

Whatsminer M31S 80T

December 2020

80TH/s

3400 Watt

SHA-256

$21.40

$11.73

BTC. BCH, BSV, LTC

Whatsminer M30S+ 100T

October 2020

100TH/s

3400 Watt

SHA-256

$26.75

$16.96

BTC. BCH, BSV, LTC

Avalon A1246 90T38W

January 2021

90TH/2

3420 Watt

SHA-256

$26.01

$16.16

BTC. BCH, BSV, LTC

*These figures were obtained from Asicminervalue using the current U.S. energy rate of $0.12 KW/h. The revenue figures are dynamic and are impacted by several factors.

Knowing the most profitable ASIC miners to use is an excellent step in drafting a crypto mining plan. Now, you have to consider the best way to go about mining. You can choose to set up a physical mining rig (sometimes called on-premise mining) or subscribe to a hosted mining service.

Profitable crypto mining 2022

You can find profitable algorithms and coins to mine here.

Lastly is to consider the efficiency of your equipment. What machines you invest in will largely depend on your budget and should be compared with the difficulty of the coin.

Top 10 Most Profitable Crypto Coins To Mine in 2022

Let’s dive into our list of the top coins to mine in 2022.

ZCash (ZEC)

Zero Cash launched in 2016 and offers a completely anonymous cryptocurrency.
Its mining algorithm allows using mining graphics cards, and the total coin supply is 21 million.

ZCash uses the hashing algorithm Equihash, an asymmetric memory-hard PoW algorithm built on the generalized birthday problem.

Most profitable crypto mining 2022

This could be counterproductive if you factor in the 51% attack risk, where a group of miners get together to share their computing power for a set amount of time.

In terms of market, TRC is trading at $0.02 and has a market capitalization of $1.2 million. For a year, she works in the green area, Which is positive regarding the profitability of this asset.

An interesting thing is that most of the ASICs on the market can mine this cryptocurrency, This allows to diversify the equipment with which transactions can be processed in this network.

Dash (Dash)

We end the list with a well-known cryptocurrency, Dash.
This asset is mined with ASICs – but also with GPUs – and is one of the most profitable to date.

Most profitable crypto miner 2022

The coin still remains profitable to mine and uses the Ethash hashing function.

Algorithm: Proof-of-Work

Hashing Function: Ethash

Block Mining Time: @ 400 MH/s- 9 Days

Block Mining Reward: 3.2 ETC

Official website: https://ethereumclassic.github.io/

Horizen (ZEN)

Horizen was created to be one of the most powerful cross-chain protocols for blockchain development. They have gained a lot of attention due to their focus on user privacy and security, their popularity continues to grow because of all they offer.

The network has secured its platform by offering an improved consensus with enhanced protection against 51% attacks.

Most profitable bitcoin miner 2022

And, thanks to its fast transactions and increased block size, it’s easier to mine and create transfers for lower fees.

Ethereum Classic (ETC)

Ethereum Classic is the first version of the Ethereum blockchain, with ETC its native token. Before July of 2016, Ethereum Classic was Ethereum. However, after a network hack, developers split the original Ethereum blockchain into two.
Ethereum Classic was designated as the original, and Ethereum was designated as the newer blockchain.

Just as Ethereum is proof-of-work, so too is Ethereum Classic. Mining Ethereum Classic is still lucrative for at-home miners and can be mined efficiently with GPU mining machines.
However, it can’t be mined with CPU cards.

Dogecoin (DOGE)

What started as a joke turned into an impressive market capitalization and powerful lesson for crypto investors and miners.

Crypto mining still profitable 2022

We judge each site on its reputation, transparency, the strength of its security measures, the level of customer service it provides, the fees it charges, the payment conditions it imposes, the educational material and analytical tools it provides, and the general look, feel, usability and ease of navigation that the site offers. We look at the size of the pool, how long it has been established for and the reward type it offers.

This is a new and fast-moving sector and there are plenty of rogue operators.

We therefore seek to find out how much information is available on each company in a bid to gauge its reliability. It is also important to explore how each pool distributes rewards – or example, PPS, FPPS or PPLNS – and how well it stacks up against rivals offering a similar service.

However, mining is constantly growing more competitive and difficult, so your investment will yield smaller amounts as the industry matures. Be on the lookout for all cloud mining sites that make bold claims about the returns on offer, while lacking transparency.

Some are Ponzi schemes that will rip you off.

Editor’s Recommendation

SlushPool is a great choice if you are looking for an established, trustworthy mining pool site. It was the world’s first mining pool, established by Marek Pataninus in the Czech Republic back in 2010.

SlushPool is by no means the largest pool, but it boasts a slick interface, a user-friendly dashboard and a transparent, score-based method. The transaction fee is higher than some rivals, but overall it is a great option.

If you are looking for a cloud mining site, Genesis Mining is a reliable operator.

Profitable crypto mining 20220

Theoretically, only a BTC crash where the coin price goes to zero would do this. would make all miners stop mining. Because, all of the miners’ arithmetic power, allocated to the whole network of 900 BTC per day, as long as BTC has value, even if it is only $1000.

95% of the machines will likely shut down, but a very small number, with energy point stability, low electricity prices will continue to share the 900 bitcoins per day, that is guaranteed because there is money to be made.

“Mark, as a previous Bitcoin miner yourself and now a sales and service provider to the Bitcoin mining industry, what is your thought on the core question at hand; Is Bitcoin Mining Profitable in 2022?”

Because of the entry of mainstream institutions, the industry of Bitcoin mining has turned from niche, geek and miner participation to capital and institutional participation.

Profitable crypto mining 202200

You can find similar information at WhattoMine.com.

The primary difference between the two is Coinwarz compares profitability versus mining bitcoin, while WhattoMine compares profitability versus mining Ethereum.

It is not likely you will get rich through mining any altcoin. While it is true that some people became extremely wealthy by mining bitcoin in the early days, those days are gone. Today, mining is a good way to understand how the blockchain works, and it can be a fun hobby with a small return.

If you get lucky, you might mine a coin that later goes to the moon, meaning your mining efforts could eventually be more profitable than you might imagine today.

8 Good Crypto Mining Choices for 2022

Below are eight of the top coins for crypto mining in 2022. Some are older coins that have remained resistant to ASIC mining.

Profitable crypto mining 20227

Therefore, you will want to keep an eye on it to determine if it is profitable to mine at any given time.

Many early blockchain adopters like Monero because of its privacy and anonymity. It has become very popular among GPU miners because the Monero development team is committed to keeping Monero ASIC-resistant.

They are so committed to this path that they changed their consensus algorithm earlier in 2018 in response to releasing an ASIC rig capable of mining Monero.

You can be pretty confident Monero will remain accessible for home miners using a simple GPU.

Peercoin (PPC)

Launched in August of 2012, Peercoin utilizes both proof-of-stake- and proof-of-work systems. While Peercoin may not yet be a household name, it was the first altcoin to use the ​​proof-of-stake system for processing transactions.

We assess the different contract options and durations, commissions and conditions of withdrawal, and then compare it against the market. No mining site is perfect, so we weigh up the various pros and cons of each before delivering our final assessment.

How to Mine Crypto

You have two key options when you decide to start mining crypto. You can either invest in expensive hardware and join a mining pool, or pay for a cloud mining service that outsources the process for you. Many miners prefer cloud mining, as it requires a lot less maintenance, no start up cost, a constant hash rate, and efficient mining pool management. However, it carries a significant risk of fraud, you will lack control and you risk earning lower profits.

Buying hardware requires a hefty initial investment.

You then need to pick a good ASIC miner.

You can buy cheap ASIC chips, but the speed will be poor and you will not stand much chance of beating the competition. You need to find one that offers a high hash rate and efficient energy use.

The Bitmain Antminer S19 Pro offers a hashrate of 110 TH/s and power consumption of 3250W, making it one of the best in the business. However, it costs thousands of dollars, so you need to factor that investment into your profitability analysis.

It is difficult to make a success of mining individually, so you will probably want to join a mining pool. Select one that is established and reputable.

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