For those without a significant sum of money to invest in a diverse, high growth, cryptocurrency portfolio, the only other way you can get into the crypto world is by mining. Now mining too, has a high barrier to entry and the more popular coins like Bitcoin and Ethereum require high power grids of GPUs. This can be expensive. Still, there are some coins that are minable with CPUs. In fact, there are some that are exclusively minable by CPUs.
CPU Mining considerations
We’re assuming that you have a mid-range computer, which you don’t currently use. You can set the highest possible hash rate for your setup. Profitability will vary based on the cost of electricity in your city. Also, more computers mining simultaneously is better.
So if you have a spare computer lying around at home, install minergate on it and here are 5 coins that you can mine successfully with your CPU –
It was one of the first anonymous cryptocurrency going back to 2012. Again, not exclusive to CPU mining. Miners have also reported that Bytecoin is best to hold and ride the market, as currently mining it on a regular computer that you probably don’t use doesn’t cover the electricity cost of running it. (depends on where you live)
You might have heard of DigitalNote as DarkNote or duckNote. Along with being a digital currency, it is an encrypted and untraceable messaging system. It uses peer-to-peer technology and fair ASIC-resistant PoW mining process to operate with no central authority. It is based on the CryptoNote anonymous technology and is a CPU mining exclusive.
AEON is a digital currency with a mobile-friendly offering. The USP is that it’s a lightweight cryptocurrency with the same privacy benefits. You can think of it like a lightweight Monero. With respect to profitability, it just about covers the cost of running an average computer at full power. Furthermore, it is a CPU exclusive.
Monero is one of the most popular CPU minable cryptocurrencies. It’s famous for the complete anonymity it provides to senders receivers. However, its popularity has also made it a slightly crowded market for miners, you will need more than one CPU to mine profitably.
Now before using your home computer for mining, remember that your returns might not be great. Mining most of these coins on a mid-level CPU might just about cover your electricity cost. However, these coins are also growing and holding them has long-term value.
Any coins we missed out? Tell us in the comments section.
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