Altcoin Mining:Top 5 Altcoins to Mine in 2023
According to the editor, cryptocurrency mining is an interesting and potentially profitable attempt, and many skilled people are fascinated by it. It involves using computers to solve complex mathematical equations to verify and confirm encrypted transactions. The best way to benefit from the volatility of cryptocurrencies is to acquire alternative currencies. However, mining with counterfeit coins is also worth trying, and it is not difficult. The following are the currencies you can choose to mine counterfeit coins.
1. Wright coin
Letcoin is a bifurcation of Bitcoin, so it inherits the same basic block structure. It uses Scrypt as its hash algorithm, which is easier to implement on GPU than SHA-256 of Bitcoin. Therefore, Lightcoin mining is more suitable for GPU than BTC mining. If you are not careful, this may have a great impact on your hardware.
The blocking time of Letcoin is 2.5 minutes faster than Bitcoin, while that of BTC is 10 minutes. Blocks are generated more frequently, so transactions are completed faster. The difficulty is to adjust every three and a half days, not every block in 2016 like Bitcoin. It is still possible to use GPU to mine Wright coins. However, there are ASICs for encryption mining, which are more powerful. Even so, when looking at the mining of counterfeit coins, the Wright coin may still be worth exploring.
2. Dog coin
Dog money is a kind of cryptocurrency, which is created as a joke. According to the creator Jackson Palmer, a friend released a picture of a firewood dog with the words "such a currency" to respond to the critical point of increasing popularity of cryptocurrency. This inspired him to create dog coins in 2013.
Dogcoin is based on the same blockchain technology as Bitcoin and Letcoin. Although it is very popular, it has no direct practical use cases. Most of its value comes from the hype and speculation of Elon Musk. When it comes to mining as an alternative currency, DOGE is a very easy choice.
3. Ethereum Classic
Ethereum Classic is a decentralized platform for running smart contracts. This is the original Ethereum blockchain, which continues to exist as an Ethereum classic. The Ethereum Classics came into being because they disagreed with the development mode of Ethereum. Developers want to keep things as they are, so they decide not to make any major changes. This includes the dispute over the rescue of Dao and its investors.
Since Ethereum turned to equity certificate, ETC mining has become very popular. However, it is not clear whether those who mine counterfeit coins will stay at ETC or switch to other currencies.
4. Monroe coin
Monroe is one of the most widely used currencies in the dark net market. Based on the CryptoNote protocol, it is designed to have ASIC resistance, so any CPU or GPU can mine it. Monroe coin uses ring signature to hide sender address, transaction amount and transaction amount. The popularity of Monroe coins has increased over time because its strong community and development team can keep up with new technologies, making it difficult for law enforcement agencies to track transactions.
Although mining is popular because of Bitcoin, many cryptocurrencies use the same system to protect their blockchain. With the integration and specialization of mining industry, there are fewer counterfeit coins that can be mined with GPU every day; Small miners must join a larger mine pool to get even a small reward. In 2023, GPU can still be used to mine counterfeit coins.