What Types of Cryptocurrency Can Be Mined with Which Mining Machines (Which Mining Machine Has the Highest Returns)

What types of cryptocurrency can be mined with which mining machines? According to CoinDesk, as of June 1, 2019, a total of four bitcoins were mined worldwide. Among the cryptocurrencies valued in BTC, there were only two options: Bitmain Antminer S19 Pro and Canaan M30s series. The Antminer L3+ had the highest BTC hash rate and energy efficiency. In terms of market value, the top ten cryptocurrencies were BCHABC (6.6 billion), DASH (+3.5 billion), and ZEC (6.11 billion).

In terms of hash rate distribution, there were also other tokens such as Litecoin and Monero, in addition to Bitcoin, that are known as “mainstream” mining coins. So, what types of cryptocurrency can be mined with which mining machine? Below are some examples for reference: Bitcoin overall network average hash rate (TH/s), Litecoin overall network average hash rate (Th/s), Litecoin overall network balanced difficulty coefficient (TWAP), Litecoin overall network average hash rate (DAA), Litecoin overall network balanced difficulty coefficient (TWAP), Litecoin overall network balanced difficulty coefficient (TWAP), Litecoin overall network uniform difficulty coefficient (ECIP). Litecoin can generate 8 exahashes per second, with block rewards decreasing over time to less than 50 Exahash.

Which Mining Machine Has the Highest Returns

Editor’s Note: This article is from HelloBTC (ID: hellobtc), written by a contributor named “A Tree Yang” and has been authorized for reposting by Odaily Star Planet Daily.

In the Bitcoin network, mining is a very important activity that allows people to gain more rewards and profits. However, it also requires certain factors to ensure security, efficiency, and returns. With more investors entering the industry, mining machine prices have increased to a certain extent, creating a significant opportunity for investors. But if you want to engage in cryptocurrency mining, here are some factors to consider:

First, how can you ensure the security of your devices? We all know that the threshold for an ordinary user to buy a computer or a mining machine is very high because many people are using mining machines without dedicated hardware or software for mining. Additionally, due to personal habits, many times we have to choose other graphics cards, such as laptops, which cannot participate in mining. Furthermore, there are many mining pools currently in the market that provide services, such as Bitmain’s AntMiner S17 Pro, which can even be fully controlled by third parties. The second point is the most direct method. By mining a new machine and running it for a period of time before putting it into production, costs can be reduced, operational risks can be lowered, and overall economic benefits can be increased. Of course, this method can also be used to pay for electricity and maintenance costs, as well as hedging against high expenses. The third aspect that investors should be aware of is which mining machines can help you achieve the highest investment return.

1. Which type of cryptocurrency has the highest mining profitability? Currently, based on the current market conditions, the mining profit of BTC/ETH is about 8,000 yuan, while the average value of the ETH network hash rate on Ethereum is about 30,000 US dollars. In comparison, other types of mining profits are higher, as shown below:

2. Which mining machine prices are the best? Currently, the mainstream Antminer T31 series (M30S+E5G+8K) can achieve a mining annualized return rate of up to 400%. A11 and Z15, as well as Canaan’s M10s mining machines, have returns as high as 950%, 275%, 105%, 525%, 670%, 360%, 1100%, and 410%, respectively. These coins are bound to have higher price increases.

From the table above, it can be seen that currently, most mining platforms still adopt the “cloud mining” model, which means that as long as you own a mining machine and hold it, you can obtain lucrative mining income.

In addition, there is also a perspective in the current market that if Bitcoin is considered as gold, then Ethereum as a future value storage for digital assets is immeasurable. Therefore, regardless of the form, it can be seen as the next stage of Bitcoin’s development.

Based on CoinMarketCap data, as of the end of 2018, […]