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The best cryptocurrency to mine in 2023, as found in our independent testing, is Bitcoin!
Mining cryptocurrency has been quite relevant over the years, with an increasing number of crypto investors becoming interested in the investment tool.
It’s pretty straightforward in the sense that you can mine and collect cryptocurrencies with minimal effort on a daily basis.
Still, the benefits and financial gains associated with each currency can vary.
Considering that the crypto market is known for its volatility and fast-changing environment, the various investment opportunities it provides can change within a single day or over the course of an entire year and more.
Due to this, finding the best cryptocurrency to mine in 2023 can be a challenge regardless of your experience in the industry, and this article is going to dive into some of the most profitable choices for the fiscal year.
Cloud Mining With ECOS
Before we dive into the best cryptocurrencies to mine in 2023, I’d like to dive into where you should mine cryptocurrency for the best returns with the most minimal effort.
There are multiple ways to mine cryptocurrency, one of which is through your own mining rig, which comes with a startup cost and maintenance on your part.
The other route you could take is to opt into cloud mining.
With cloud mining, you’re able to reap the benefits of mining cryptocurrency without having to manage your own rig or take on the additional electricity costs.
Mining through ECOS provides an easy way to passively collect BTC, which is easily the best cryptocurrency to mine due to its long-term growth potential.
You’ll also find that ECOS offers a variety of other services such as portfolio management, crypto wallet, an exchange, and even an ASIC shop that allows you to purchase your own mining gear for the company to manage on your behalf.
The company has been growing rapidly since 2017, and many of its customers are pretty satisfied with the results of its cloud mining services.
Aside from Bitcoin, the company wants to provide solutions for investors that are looking for the easiest crypto to mine.
ECOS is also well known for its investment portfolios for digital assets that come with multiple market indicators such as a risk and return ratio.
Whether you have experience in the crypto market or not, ECOS ensures everything on their website can be easily digested, allowing you to make an informed decision on your investments.
There are plenty of cloud mining companies on the market, but none make it as efficient and straightforward as ECOS, making them the top choice for anyone looking to mine cryptocurrency.
Best Cryptocurrency to Mine 2023
Here’s a quick look at the best cryptocurrency to mine in 2023.
- Bitcoin – 🏆 Winner!
Aside from its overall popularity on a global scale, Bitcoin is regarded as the most profitable crypto to mine for many reasons.
One of the most apparent is that it’ll have a long-standing history within the market and isn’t nearly as volatile as many others.
Considering its current value, it can be pretty advantageous to passively mine it over time, especially if you’re able to obtain it through a cloud mining service like ECOS.
Bitcoin has evolved quite a bit over the years, but its intended purpose still stands and will always be a top player in the crypto market.
There are many other cryptocurrencies you can mine, but there aren’t many that provide BTC’s long-term reliability.
Many investors regard Bitcoin as the easiest crypto to mine as it’s widely available across many cloud mining services.
In contrast, less popular coins may be harder to find within various cloud mining companies.
Overall, you can’t go wrong with mining Bitcoin, as it has a promising future in the market and our daily lives as a whole.
It’ll continue to hit new milestones over the years while providing investors with numerous opportunities to greatly benefit from the cryptocurrency.
Like any other coin in the market, BTC will also hit more highs and lows, yet mining it offers one of the safest ways to collect the cryptocurrency with minimal risk involved.
This cryptocurrency comes with a vast range of benefits for individuals, corporations, economies, and our everyday way of life.
It’s another crypto that can be regarded as the best cryptocurrency to mine.
It has seen substantial growth over the years and continues to become increasingly more prominent in the crypto market, in addition to a buzzing financial asset.
You’ll also find that many cloud mining companies provide it as an investment option, and it comes with many more benefits than just financial gain.
Some of these benefits include easy access to a financial asset without the need for a bank, peer-to-peer services, and many guarantees regarding commerce for a safer and more reliable transaction of goods and services.
In a similar fashion to BTC, Ethereum is known to many as the most profitable crypto to mine.
Like any crypto, it’s susceptible to volatility regarding the state of the market, but it’s much more stable than many other cryptocurrencies and alt-coins.
Cloud mining is becoming more popular as it becomes more widely accessible, as managing your own rig can be too much work for a lot of people.
No matter how the crypto market changes over the years, Ethereum will continue to grow to new heights, increasing its financial benefits to miners by default.
Mining crypto is an excellent way to get a piece of the most prominent coins without throwing too much risk in the mix.
Whether you’re an experienced trader or looking to get started for the first time, mining Ethereum is always a good choice.
With a primary focus on censorship-resistant and private transactions, Monero is another player in the cryptocurrency market that has garnered plenty of attention alongside BTC and ETH.
Even with the decentralized nature of the crypto market, there are still some flaws regarding the privacy of the individual investor.
Monero aims to fix this issue by providing holders with untraceable and confidential transactions, giving people more peace of mind.
Furthermore, every user of Monero is entirely anonymous by default.
The company can achieve this by using security technologies called Stealth Addresses, RingCT, and Ring Signatures.
The company claims to be the best fungible currency for these reasons, and its track record has shown they’re able to back up these claims.
After further review, it’s evident that Monero has plenty of long-term potential and is an excellent investment prospect for crypto traders.
It’s quite popular and is considered by many fans to be the best crypto to mine for the reasons mentioned above.
Many cryptocurrencies offer unique services, but they also come with perks you may not find anywhere else.
One of the most significant benefits of mining Monero is that there’s tons of room for growth.
If you start mining the cryptocurrency today, it’ll undoubtedly be worth a lot more in the future, and for the most part, your earnings will be on autopilot.
Its return on investment since launch is nearly 6000%, and even with that substantial growth, the cryptocurrency will reach many new milestones in the future.
Mining Monero allows you to get the most out of your investment without being as susceptible to the losses associated with market volatility.
Of course, whether you have your own mining rig or prefer cloud mining, there will always be costs that come with it, but none of them will come close to what you’ll earn over time through mining.
The top three in this list aren’t the only valuable cryptocurrencies to mine, regardless of their market history or popularity.
Feathercoin is another investment, and many traders believe it to be the best cryptocurrency to mine as it has tons of potential for growth.
It’s an open-source cryptocurrency that’s been actively evolving over the last decade.
With a focus on faster block processing, a miner-friendly community, and low payments fees, they’ve continued to gain the interest of crypto miners worldwide.
Feathercoin can be mined due to the company’s NeoScrypt algorithm, and each block reward is roughly 40 + 0.000313 FTC.
It’s an excellent investment option as it comes with widespread potential and financial gain that’ll benefit your portfolio long term.
Since it’s an open-source cryptocurrency, you can download their Mining software from the company’s Github page, join a mining pool, and run your operation from your computer.
You can mine many different cryptocurrencies for short or long-term financial gain, but Feathercoin should definitely be in your sights.
The cryptocurrency has shown promising growth, and it has a dedicated community of developers that are consistently working on the project’s roadmap.
If you’re looking for a low-risk, efficient cryptocurrency, Feathercoin makes it relatively easy to get started.
They eliminate the need for your own mining rig while providing sufficient earnings and a transparent community to guide you through it.
Along with NeoScrypt, you’ll find that the cryptocurrency has other protocol features such as advanced checkpointing (ACP), check sequence verification (CSV), enhanced hash rate compensation (eHRC), and more.
This is a cryptocurrency that focuses on easy digital transactions between individuals and businesses while offering low fees and fast confirmation times.
They make it easy for companies to integrate Litecoin as an accepted form of payment.
Individuals can have access to their Litecoin wallet in various formats such as mobile, desktop, hardware, and web-based wallets.
It’s a relatively straightforward cryptocurrency that’s easy to get into and has plenty of upside potential for investors.
You can mine Litecoin (LTC) with access to an ASIC machine, which is becoming more accessible remotely through companies such as ECOS.
Then all you’d need to do is download their mining software, find a mining pool that works for you, and start mining.
Its block time is 2 minutes and 19 seconds, and each block reward comes out to 12.5 LTC.
If you’re more of a long-term investor, Litecoin is hailed as the most profitable crypto to mine for many investors and will continue to benefit them as it grows in value.
Regardless of your current investment goals, mining Litecoin is a solid choice for any cryptocurrency trader, especially since mining is becoming more available with fewer requirements for the individual investor.
Aside from the potential financial gain, Litecoin will become more widely used in business and peer-to-peer transactions over time, making the LTC you mined ever more valuable in multiple use cases.
Not only will you profit from mining the cryptocurrency, but you will be able to use it for many different transactions.
Although there are many different cryptocurrencies you could mine, not all of them are easily available or the most efficient.
Some require your own mining rig, while others provide mining software, or you can opt into cloud mining services.
Horizen (ZEN) makes it simple by using their Equihash proof-of-work algorithm, which provides a block reward of 12.5 ZEN and a block time of 2.5 minutes.
It may not offer as much of an immediate return as some others, but it’s easy passive earnings that shouldn’t be ignored.
The cryptocurrency offers anonymous transactions through HTTPS and CDN, and it allows businesses and developers to build a private blockchain for an added layer of security.
Along with many other positive claims, the company has the most decentralized multi-tier node infrastructure out of the entire cryptocurrency market.
Its governance model is built for sustainability, and 60% of it goes to miners. You can mine the cryptocurrency and gain access to the benefits and services the company provides.
ZEN has many more benefits than just financial gain, which makes it an excellent prospect for any cryptocurrency investor.
You’ll also benefit from the research and development projects the company is working on.
It’ll allow them to provide more value to investors while ensuring the future health of their investments.
Miners are more than welcome to come along for the ride as it has a miner-friendly ecosystem that makes it easy to get involved and instantly start earning.
Based on the CryptoNote protocol, Haven can be mined with minimal hassle, and you can use the cryptocurrency for online transactions with ease.
Its mining algorithm is called CryptoNight, and you can expect around 6.2757 Haven (XHV) with each block reward, and it comes with a fair 2 minute block time.
The company claims the title of the world’s first stablecoin, providing investors with private stable assets that won’t succumb to the market’s expected volatility.
You can find five different mining pools on their website, and they’re known for a hassle-free approach to the entire process, making them one of the most accessible cryptocurrencies to mine on this list.
It may not be the best crypto to mine above the rest, but it still comes with plenty of value for what it has to offer.
Nevertheless, it remains considered the most profitable crypto to mine by many cryptocurrency enthusiasts.
It’s still relatively cheap and comes with a lot of upside potential for future growth.
One of the easiest cryptocurrencies to start mining, Vertcoin was created as a mining alternative to Bitcoin through the use of graphics cards.
The cryptocurrency was created soon after Litecoin started requiring ASIC machines.
Ease of use and access is a big part of the cryptocurrency market and blockchain technology, and the founders of Vertcoin believe that everyone should be able to mine cryptocurrency from their computers with little to no hassle.
On the Vertcoin website, you can easily find their “one-click” miner on their official Github, make a password and immediately start mining.
The cryptocurrency has a dedicated community on its official Discord if you need any assistance as well.
Regarding their Verthash mining algorithm, it operates in a similar fashion to Ethereum’s, and the company claims that Verthash is the most advanced mining algorithm on the market.
It also has the same block time as Litecoin and comes with plenty of room for growth in the future, as it’s currently sitting at $0.32 per coin at the time of writing.
You can mine Vertcoin easily with the use of their provided software, and it’s an excellent choice for long-term holders.
Each block reward is 25 VTC, so it doesn’t hurt to get started before FOMO kicks in.
The cryptocurrency saw a substantial spike in 2017 when much of the market was pretty volatile, but the company has stayed strong throughout the years, and it offers plenty of benefits in the long term.
There are many other cryptocurrencies I could’ve put with the last spot on this list, but none of them make mining as straightforward as Vertcoin.
No matter your individual investment style or mining preferences, there isn’t anything getting in your way of mining VTC on the side.
Even though it’s considered cheap in comparison with other cryptocurrencies on this list, the return of 25 VTC with each block comes with a massive upside in potential earnings down the road.
It’s easy to get overwhelmed with the investment options on the market, but this list contains some of the most profitable and best cryptocurrency to mine in 2023, and each one comes with unique long-term benefits.
They also have many different integrations that’ll make peer-to-peer and online transactions more efficient and secure in due time.
No matter which one you choose, mining cryptocurrency doesn’t have to be as difficult as it’s made out to be, and you can get started immediately with any of the cryptocurrencies listed above.