It is difficult to predict what coins will be most profitable to mine in 2022. There are so many factors that could change this prediction. But, if we do a basic analysis of the coins that are currently being mined, we can see some trends.
One trend is that coins with a lower market cap have a higher profitability than coins with a higher market cap. For example, the profitability of mining Dash is much higher than mining Bitcoin Gold. Another trend is that coins with low difficulty have high profitability. This means that the more people who mine these currencies, the less profitable they are for each person mining them because all miners are fighting for fewer rewards per block mined.
The best way to predict which coin will be most profitable in 2022 is by looking at which coin has the lowest market cap and high growth potential.
The 10 most profitable coins for mining in 2022
- Bitcoin Gold (BTG)
- Current Price as on January 2022: $36.46
- Algorithm: Proof-of-Work
- Hash function: Zhash
- Hashrate: 2.29 MS/s
- BTG Difficulty: 185.39 K
- Dash (DASH)
- Current Price as on January 2022: $132.72
- Algorithm: Proof-of-Work
- Hash function: X11
- Hashrate: 4.02 PH/s
- Dash Difficulty: 147.97 M
- Dogecoin (DOGE)
- Current Price as on January 2022: $0.166
- Algorithm: Proof-of-Work
- Hash function: Scrypt
- Hashrate: 366.26 TH/s
- Dogecoin Difficulty: 4.65 M
- Ethereum Classic (ETC)
- Current Price as on January 2022: $31.80
- Algorithm: Proof-of-Work
- Hash function: Scrypt
- Hashrate: 24.21 TH/s
- ETC Difficulty: 314.07 T
- Grin (GRIN)
- Current Price as on January 2022: $0.2341
- Algorithm: Proof-of-Work
- Hash function: CuckARood-29, CuckAToo-31, Cuckaroom-29
- Hashrate: 16.21 KGps
- Grin Difficulty: 369.83 M
- LiteCoin (LTC)
- Current Price as on January 2022: $137.88
- Algorithm: Proof-of-Work
- Hash function: Scrypt
- Hashrate: 366.65 TH/s
- LiteCoin Difficulty: 12.89 M
- Metaverse (ETP)
- Current Price as on January 2022: $0.1517
- Algorithm: Proof-of-Work
- Hash function: Ethash
- Hashrate: 47.79 GH/s
- ETP Difficulty: 1 T
- Monero (XMR)
- Current Price as on January 2022: $204.60
- Algorithm: Proof-of-Work
- Hash function: CryptoNightR
- Hashrate: 2.94 GH/s
- Monero Difficulty: 387.65 G
- RavenCoin (RVN)
- Current Price as on January 2022: $0.086
- Algorithm: Proof-of-Work
- Hash function: X16R
- Hashrate 5.22 TH/s
- Ravencoin Difficulty: 70.57 K
- Zcash (ZEC)
- Current Price as on January 2022: $130.97
- Algorithm: Proof-of-Work
- Hash function: Equihash
- Hashrate: 7.48 Gs/s
- Zcash Difficulty: 64.02 M
One of the risks associated with cryptocurrency is the volatility of its value. The price can fluctuate drastically in a short amount of time. Another risk is the lack of regulation in the industry, which means that there are no rules to protect investors from frauds and scams.
We should be aware of these risks before investing in cryptocurrency because this type of investment can be very risky if you are not careful enough.