Last Updated on March 28, 2023 by cryptocreed
Want to start cryptocurrency mining?
If you are planning to mine cryptocurrency then don’t go with Bitcoin. Mining Bitcoin is not profitable anymore for normal miners.
But as we know the crypto world is not limited, if you can’t mine Bitcoin then there are altcoins to mine. There are a number of altcoins to mine.
In this article, I am going to list the 10 best and easiest cryptocurrencies to mine. This guide is for beginners. There are many different ways to earn cryptocurrency like holding and arbitrage.
Let’s begin with basic information
What Is Cryptocurrency Mining?
Cryptocurrency mining is the process of solving mathematical equations with the help of a computer. The process doesn’t mean creating a new cryptocurrency it means mining the part of cryptocurrency by verifying blockchain transactions.
Easiest Cryptocurrency To Mine In 2023
I am sure you know about cryptocurrency mining but in case you don’t know then you should check out our Bitcoin Mining category.
Below is the best cryptocurrency to mine easily.
Grin
Grin coin was launched in the year 2019 by an unknown person. Bitcoin has a limited supply but Grin doesn’t. You can mine an unlimited number of coins.
Grin is a minimalistic, lightweight cryptocurrency, implementing the Mimblewimble protocol for a unique balance of privacy and scalability.
You can mine Grin using CPU or GPU but GPU mining is more profitable. To mine through GPU you need Nvidia or AMD Cards.
If you’re using GPUs, Gminer and lolMiner are the best software for Grin coins.
Grin Specification
- Mining reward: 60 Grin/block
- Block time: 1 minute
- Estimate revenue: $1.30/day
- Algorithm: PoW
- Hashing function: MimbleWimble
Best Grin Mining Pool
F2Pool and 2miners are some of the best mining pools for Grin coin.
Trading On: HitBTC, Binance, KuCoin
Monero
The Monero is formerly known as BitMonero which was first introduced in April 2014 by BitcoinTalk user thankful_for_today, It was the fork of Bytecoin (which uses CryptoNote technology). But some controversial changes were planned to implement which the community doesn’t like.
Don’t know the history of Monero? Click here to know what is Monero. Also, check out how to start the Monero mining article.
Monero is known for its Privacy, Secure, and Decentralized. CPUs and GPUs work great for mining Monero. Monero is the most secure and easiest cryptocurrency to mine.
Monero Specification
- Mining reward: 1.73 XMR/block
- Block time: 2 minute
- Estimate revenue: $1.30/day
- Algorithm: PoW
- Hashing function: CryptoNightR
- Network Hashrate: 1.86 GH/s
Best Monero Mining Pool
There are some best Monero mining pools like MineXMR and NanoPool.
Trading On: HitBTC, Binance, KuCoin
Ethereum Classic
Ethereum Classis is the fork of Ethereum. It was forked in the year 2016. It has a total supply of 210,700,000 ETC.
Ethereum Classic is one of the easiest Cryptocurrencies to mine in recent years. It is also worthy of mine because it is trusted by millions of users and backed by known devs.
If you want to start mining ETC then you have to go with ASICs, because this is the only method to mine ETC profitably. You can also mine using Desktop but not wort of it.
Ethereum Classic Specification
- Mining reward: 3.1/block
- Block time: 13.75 seconds
- Estimate revenue: $5.00/day
- Algorithm: PoW
- Hashing function: Etchash
- Network Hashrate: 24.88 Th/s
Best ETC Coin Mining Pool
Here is the list of ETC coin mining pools you can choose anyone from the list.
Trading On: HitBTC, Binance, KuCoin
RavenCoin
RavenCoin is another easiest cryptocurrency to mine. The coin was launched in the year 2018 and active since then. It was launched as a bitcoin fork.
RavenCoin uses the X16R algorithm. They have a list of their own wallet and exchanges that support RVN coins. Till now already more than 40% of coins are mined.
This is the easiest cryptocurrency to mine on a laptop but not profitable for sure.
Raven Coin Specification
- Mining reward: 5,000 RVN/block
- Block time: 1 minute
- Estimate revenue: $2.00/day
- Algorithm: PoW
- Hashing function: KAWPOW – which replaced X16R and X16RV2
- Network Hashrate: 1.63 TH/s
Best RVN Coin Mining Pool
NanoPool is the best mining pool. You can find a list of mining pools that accepts RVN here.
Trading On: Okex, Binance, KuCoin
ZCash
Zcash or ZEC is another privacy-focused cryptocurrency. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.
You will be surprised to know that the All-Time High of this coin was 5,941.80 USD and the All-Time Low was $18.94 and currently trading near $297.29.
If you don’t have a ZEC wallet then you can get one from here a list of Zcash Wallet.
Zcash Coin Specification
- Mining reward: 2.50 ZEC/block
- Block time: 1m 15s
- Estimate revenue: $1.90/day
- Algorithm: PoW
- Hashing function: Equihash
- Network Hashrate: 7.88 Gh/s
Best Zcash Coin Mining Pool
FlyPool is the best ZEC mining pool which is owned by BitFly.
Trading On: Okex, Binance, KuCoin
Aeon
Aeon is there since 2014 but is not much famous. It is originally a fork of the Monero coin and yes it is a privacy coin based on the CryptoNote protocol.
You can mine Aeon coin using Windows CPUs, and AMB and Nvidia GPUs.
Aeon Coin Specification
- Mining reward: 2.26/block
- Block time: 4m
- Estimate revenue: $2.30/day
- Algorithm: PoW
- Hashing function: K12
- Network Hashrate: 19.24 Th/s
Best Zcash Coin Mining Pool
ZergPool and Miner Rocks are some of the best Aeon mining pools.
QuarkChain QKC
QuarkChain is an Ethereum-based cryptocurrency token. CPU mining adopts the Qkchash algorithm, which is proposed by QuarkChain and is resistant to ASIC.
The QKC aims to deliver 100K plus on-chain TPS (Transaction-Per-Second) for now they have already achieved 66K plus TPS.
QuarkChain Specification
- Mining reward: 2.52/block
- Block time: 9.75s
- Estimate revenue: $2.21/day
- Algorithm: Ethash
- Hashing function: PoW
- Network Hashrate: 13.57 Gh/s
Best QKC Coin Mining Pool
OntoPool and Qpool are some of the best Aeon mining pools.
Trading On: Okex, Binance, KuCoin
Dogecoin
Thanks to Elon Musk Dogecoin become one of the most famous cryptocurrencies nowadays. I am sure you know about Dogecoin or maybe you have heard of them.
Because of their price, it is one of the easiest cryptocurrencies to mine. People predict that the price of Dogecoin will raise more and more hence it is a good idea to mine and HODL some of DOGE.
If you are not mine then there are many websites from where you can buy dogecoin. But make sure you store your DOGE cryptocurrency in a trusted and secured dogecoin wallet.
DOGE is currently standing in the top 5 cryptocurrencies.
Dogecoin Specification
- Mining reward: 10,000/block
- Block time: 1.30 seconds
- Estimate revenue: $10.50 day
- Algorithm: Scrypt
- Hashing function: Proof-Of-Work
- Network Hashrate: 348.47 Th/s
Best DOGE Coin Mining Pool
AikaPool is one of the best Doge mining pools. Litecoin official mining pool is also supporting Dogecoin mining.
Trading On: Okex, Binance, KuCoin
Vertcoin
As per their website, Vertcoin is not funded nor controlled by any entity, it is simply an open-source GPU Bitcoin variant that mirrors BTC development.
The coin was launched in 2014 and currently has a daily market cap of $83 million as per coinmarketcap.
Their website mentioned that mining with CPU is also possible and easy. They have published a good and simple guide on how to mine cryptocurrency on pc.
VTC Specification
- Mining reward: 25/block
- Block time: 2.33 seconds
- Estimate revenue: $11.03 day
- Algorithm: Lyra2RE
- Hashing function: Proof-Of-Work
- Network Hashrate: 4.04 Gh/s
Best VTC Coin Mining Pool
Zergpool is one of the best mining pools for VTC coin.
Trading On: Okex, Binance, KuCoin
Electroneum
Electroneum is a Monero-based cryptocurrency coin. This is the last cryptocurrency on our list that you can mine easily. As per some websites, it is the first UK-based cryptocurrency for mobile payment.
The current rate of this coin is around $0.01552 but the all-time high was near $0.20 which was in starting of the coin. More than 2 million people are already started using their mobile app.
It is one of the easiest cryptocurrencies to mine on android.
ETN Specification
- Mining reward: 7004/block
- Block time: 1.60 seconds
- Estimate revenue: $4.36 day
- Algorithm: CryptoNight
- Hashing function: Proof-Of-Work
- Network Hashrate: 7.28 Gh/s
Note: ETN no longer supports SPU mining, still you can mine using CPU. Or purchase through the below-supported exchanges.
Trading On: Okex, Binance, KuCoin
Frequently Asked Question
Which is the easiest cryptocurrency to mine?
If you have enough mining equipment then all cryptocurrencies are profitable and easy to mine. Bitcoin is easy with mining farms and some others are through GPU.
