The easiest cryptocurrency to mine can be determined by the following factors:
- The cost of mining hardware, the cost of electricity, and the difficulty level of mining.
- The availability of cloud mining services or contract miners.
- The current price of the cryptocurrency in relation to its difficulty level (inflation).
- The length of time it takes for a miner to generate coins (block time).
- Whether there is a limit on the number of coins that can be mined (halving).
- Other factors that may affect mining profitability such as whether one is mining solo or with a pool, and whether one has access to cheap electricity or not.
- Whether there are any other factors that may affect profitability such as transaction fees on exchanges.
Easiest cryptocurrency to mine
If you’re just getting ready to start mining, it can be a good idea to mine a crypto that doesn’t require you to buy a super-powerful mining rig. Below you will find a list of the best cryptocurrencies that are known for being easy to mine.
- Aeon (AEON)
- Block time: 240 seconds.
- Best hardware to use: GPU, CPU
- Hash function: Cryptonight Lite V7
- Block time: 1 minute
- Best hardware to use: FPGA or ASIC
- Hash function: Scrypt-based
- Block time: 10 minutes
- Best hardware to use: GPU
- Hash function: Equihash
Be sure to do your own research and carefully assess the risks before you start mining and investing in cryptocurrency.