There is a lot of talk regarding which crypto should be mined, and it can be quite confusing to know which one you should mine. This article will give you the best information to help you decide.
If we look at the facts about cryptocurrency mining, we can see that there are few factors to consider:
Scalability – the quicker a network can process transactions, the less work miners have to do up-front. With great throughput comes lower costs and higher profitability for miners. DAG based cryptocurrencies such as Bytecoin and Monero have extremely high transaction times and this makes them less profitable than SPV based ones such as Electroneum and Bitcoin Cash (more on this later). Another important factor in determining which type of coin is most profitable is its Proof-of-Work algorithm (PoW). PoW stands for ‘Proof of Work’, meaning that the mining process requires true computational power (hashrate) from both your CPU or GPU card rather than Hashing Power ie how much electricity do they consume etc. The more energy efficient your hardware resource is; the cheaper electricity costs become due to less consumption/electricity use. However it also depends on your geographical location: some countries like India provide cheap electricity (also known as wholesale price), while many other countries like Japan and Denmark charge higher energy prices compared with many other developed nations per kWh consumed. Once again it all depends on your own personal situation… More details here… Support network – big