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What Altcoins Can Be Mined (Mining Altcoins to Get Rich)

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What altcoins can be mined? Which mining machines support mining altcoins and wh

What Altcoins Can Be Mined (Mining Altcoins to Get Rich)

What altcoins can be mined? Which mining machines support mining altcoins and which coins can be mined?

According to coinmarketcap data, as of now, the main altcoins in the market are XMR, ZEC, and EOS. ZEC ranks first in terms of market capitalization; XLM ranks second, followed by DASH, with a market value of about 800 million US dollars (excluding EOS). It is also worth noting that Zcash has launched its own cryptocurrency exchange, SlushPool. There are two very important indicators worth paying attention to in these projects:

1. Bitcoin has the largest circulation;
2. BTC has significant price fluctuations;
3. Bitcoin has a low correlation with other mainstream digital assets;
4. Transaction fees on the Bitcoin network are relatively high, and each transaction requires a certain amount of electricity fees.

Mining Altcoins to Get Rich

According to Bitcoin.com, there has been a frenzy in the cryptocurrency market recently. Many people have started mining altcoins to get rich. Some miners choose to buy mainstream cryptocurrencies such as BCH and BSV on Binance, but in reality, they are only buying Bitcoin. Some people buy altcoins on exchanges at prices much lower than their actual value, while others hold more altcoins than their expected returns. Some believe that these investors are able to make money because they don’t understand the market trends, while others are aware of the high volatility of the market, such as during bullish trends.

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