Mining

Top 14 Best and Profitable Altcoins to Mine With GPU in 2024.

Mining is the essential process for many cryptocurrencies, maintaining decentralization by rewarding the creator of a block, aka the miner, for utilizing their computational power.

With the mention of reward, mining also become a way to earn cryptocurrencies using hardware components.

Today, miners use ASIC hardware to get high rewards by targeting Bitcoin, which has a higher value and has dominated the crypto space since its inception.

However, mining Bitcoin has become harder and harder every day due to competition in mining and the increasing prices of hardware and electricity.

On top of that, Bitcoin halving cuts the mining reward in half every four years.

These problems have led many miners, like you, to look for alternative mining options, such as GPUs, which are easily available at a low cost to target different cryptocurrencies with low competition and good value to get more rewards.

In this post, I’m highlighting some of those cryptocurrencies that provide profitable rewards using GPUs.

1. Ethereum (ETH).

ethereum-log

Ethereum is the second-biggest cryptocurrency after Bitcoin, providing financial fuel for many Dapps.

From a mining perspective, it is the best crypto to consider mining with GPUs and CPUs because its Proof-of-Work (PoW) algorithm, Ethash, is designed to be ASIC-resistant, giving GPU and CPU miners a significant opportunity.

Also, the average block creation time is between 10 to 19 seconds, compared to Bitcoin’s 10 minutes. The creation time is fast, and the block reward is 2 ETH per block, which is around $426 as per the current price status.

Price of Ethereum is a bit volatile like Bitcoin, but being the second-largest coin. It is considered as one of the best crypto to mine with GPU.

2. Monero (XMR).

Monero-logo

Monero is one of the most reliable cryptocurrency for both CPU and GPU miner because it focuses on privacy using its obfuscated public ledger.

Like Ethereum, Monero’s PoW algorithm, RandomX, is also ASIC-resistant.

In Monero, the average block creation time is 2 minutes, giving a 4.99 XMR block reward.

The price of Monero fluctuating especially after 2018 crypto boom but in the crypto market, Monero considered as the low spec miners coin.

3. Ethereum Classic (ETC).

ethereum-classis-logo

As a name shows it is a classic version of Ethereum, meaning Ethereum forked from the Ethereum Classic in 2016 due to the flaw in a DAO project.

Like in Ethereum Ethereum Classic also uses the Ethash PoW algorithm but giving the slightly better reward of 3.2 ETC with average block creation time 13 seconds.

4. Bitcoin Gold (BTG).

Bitcoin-gold-logo

If your affection toward Bitcoin continues after deciding not to mine it, here is a different version of Bitcoin you’d like to mine using GPU.

Bitcoin Gold forked coin from Bitcoin in 2017, aiming to make mining ASIC resistance and democratic way by creating a version of Bitcoin that is mineable with GPUs.

BTG works the same as Bitcoin, giving you 6.25 BTG as a mining reward, and blocks are created every 10 minutes. However, it uses the Zhash PoW algorithm, which is ASIC-resistant, giving preference to GPU miners.

The price of BTG also has not fluctuated too much for 2 years, so this is another green signal for you to go ahead with BTG with GPU.

5. Litecoin (LTC).

Litecoin-logo

Litecoin is not an ASIC-resistant coin like the ones above on the list, but it uses a different consensus algorithm called Scrypt, which allows systems with the largest amount of random access memory (RAM) for mining.

So, it doesn’t matter if you have ASIC or GPUs to mine Litecoin; you just need more RAM.

Also, Litecoin is consistently ranking in top 20 cryptocurrencies from the past couple of years with the mining reward of 12.5 LTC and having average block creation time of 2.5 minutes.

6. Zcash (ZEC).

Zcash-logo

Zcash is a another coin on this list forked from Bitcoin in October 28, 2016.

Since its creation, it massively introduced to popular exchange platforms, and prices are stable.

Zcash, created from Bitcoin, inherits some characteristics of Bitcoin, such as only 21 million Zcash available and a block reward of 12.5 ZEC. However, it stands out from Bitcoin by introducing shielded transactions focusing on user privacy and using the Equihash PoW algorithm for ASIC resistance, also boosting the block creation time to 75 seconds.

7. Dogecoin (DOGE).

Dogecoin, a crypto asset created for fun by Billy Markus, suddenly became popular and now has over a $5 billion market cap.

Like Litecoin, Dogecoin also uses the Scrypt PoW mining algorithm, but Dogecoin is quite famous, so there is a middle-level competition to mine it. However, you can easily use your GPUs to mine DOGE.

For mining Dogecoin, you receive 10,000 DOGE as a reward per block, which has 1-minute block creation time.

8. Ravencoin (RVN).

Ravencoin-logo

Ravencoin is another Bitcoin child on this list created on January 3rd, 2018.

Since its creation, Ravencoin has shown good growth because of its strong set of features such as a mobile wallet, messaging, enhanced compatibility, among others.

Now, Ravencoin standing at #125th rank having more than $100 million market capitalization.

Like other Bitcoin forks, Ravencoin does not inherit anything from Bitcoin; it stands out from Bitcoin by having 21 billion in supply instead of 21 million and using the X16R PoW algorithm, also having a 1-minute block creation time.

For GPU miners like you, Ravencoin is one of the best fits because its X16R algorithm is ASIC-resistant and gives a 5,000 RVN mining reward.

9. Electorneum (ETN).

Electorneum-logo

In 2017, Electorneum was created as a result of a fork from Monero.

Like Monero, Electorneum also focused on user privacy, but its main intention is to serve the mobile games and online gambling market.

In the beginning days, Electroneum showed much volatility, but for the past 1 year, it has shown stable growth, and now it has more than a $50 million market capitalization with more than 10 billion ETN in circulation.

For mining, Electroneum uses the ASIC-resistant CryptoNight algorithm, giving miners 6,413.56 ETN as a block reward with a 2-minute block creation time.

10. Aeon(AEON).

aeon-logo

Aeon is another hard-forked coin from Monero and is now considered the lightweight version of Monero.

AEON (Anonymous Electronic Online Coin) has shown steady growth for the past year because of its focus on privacy and anonymity for the end-user.

Due to its mobile-friendly status, Aeon is considered one of the best coins for home mining on CPUs, giving 3.68 AEONs as a block reward for miners where every block is created every 4 minutes.

For mining, Aeon uses its own version of the CryptoNote protocol called Crypto-Lite, allowing faster verifications and ASIC resistance.

11. Vertcoin (VTC).

vertcoin-logo

Thanks to its own 1-click miner, a program meant to make mining more accessible to the general public, Vertcoin is a GPU friendly coin.

Vertcoin was born in 2014 as a Litecoin fork and billed as the ‘The People’s Coin’, by allowing anyone with a personal computer to join the Vertcoin network.

Now, Vertcoin uses the Lyra2RE ASIC resistance PoW algorithm and offers miners 25 VTC mining reward with a 2.50 minutes block creation time.

From a pricing perspective, its price status showed too much volatility in the beginning days, but for the past two years, prices have been stable and show steady growth.

12. TUBE.

TUBE-logo

If you’re a value miner (who doesn’t care too much about profit but rather mines cryptocurrencies based on their use case and probable life), you should give a shot to TUBE.

TUBE is a financial fuel to the BitTube, a peer-to-peer free video-sharing platform based on IPFS and blockchain technology.

BitTube offers an ad-free monetization solution that pays a cryptocurrency (TUBE) based on premium subscriptions, video-on-demand, tips and donations, and watch time of any type of content.

Tube uses the mining algorithm Cryptonight Saber, which is a modification of Cryptonight heavy, and pays you 140 TUBEs as a reward with 2 minutes of block creation time.

13. Aion(AION).

Aion is the digital asset of the Open Application Network (OAN), which allows the creation and hosting of Open Apps. Open Apps are programs that put users back in control and are universally accessible across platforms.

In the beginning days, AION was an ERC-20 token on the Ethereum blockchain, but they launched their mainnet in 2018 called Kilimanjaro.

This is also the best crypto to mine, especially for the value miners. The reason is its price stability since its mainnet launch, and it has the fastest block creation time compared to those above on the list, having 10 seconds and giving miners 1.5 AIONs as the block reward.

For the quick block creation, AION uses the ASIC resistance PoW mining algorithm called Equihash.

14. Grin(GRIN).

Grin-logo

Grin, launched in early 2019, uses the MimbleWimble protocol, which focuses on privacy, fungibility, and has unlimited coins, which is certainly attractive for miners.

Like the majority of coins on the list, Grin is not a completely ASIC-resistant coin. Instead of being ASIC-resistant, Grin chose to be both, using two PoW algorithms: Cuckatoo31+, which is ASIC-friendly, and Cuckaroo29, which is ASIC-resistant. The proof-of-work balances mining rewards between the two every 24 hours.

Since it’s launch, Grin showed some big fluctuations in the price, but as a miner, you get 60 GRIN as a block reward and blocks created each minute.

Conclusion.

These are the best altcoins to mine with GPUs because the majority of coins on this list are ASIC-resistant, as I told you in the beginning. ASICs are somehow creating a path to the monopoly in Bitcoin mining.

The only way to survive from ASICs is to focus on mining other cryptocurrencies. That’s why I created a list of some of the best options available for you.

But the list is not ultimate; you can choose your own altcoin excluded from the list.

Ok, now tell me which coin you have chosen or are going to choose in the comments.

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