Top 5 Cryptos You Can Mine at Home in 2023

May 23, 2023 Blockgates Monero Comments Off on Top 5 Cryptos You Can Mine at Home in 2023

Monero, ZCash, and Ravencoin are among the top 5 cryptos you can mine at home in 2023

From buying GPUs (or ASICs) to power supplies and other computer components, cryptocurrency mining is incredibly expensive. The easiest cryptocurrency to mine is one that doesn’t require you to build a massive crypto mining rig. For every complex equation solved, miners receive a small “fee” for their efforts. Mining is important as it helps verify transactions on the blockchain. Here are the top 5 cryptos you can mine at home in 2023.

  1. Monero

Monero (XMR) is one of the easiest cryptocurrencies to mine using a home computer. Monero is a privacy-focused crypto based on the CryptoNote protocol and utilizes the RandomX hash function to create increasingly complicated mathematical equations. You can either mine solo or join a mining pool, where your computer’s resources will be used with others in the pool to mine XMR. It is among the top 5 cryptos you can mine at home.

  1. Zcash

Launched in 2016, Zcash (ZEC) is a leading privacy-centric digital currency. For mining crypto at home, Zcash’s most important feature is that it employs the Equihash algorithm which is designed to be ASIC resistant. As a result, the home miner with a GPU can participate.

  1. Ravencoin

Ravencoin is based on the Bitcoin code. As such, it was designed for instant and smooth asset transfer between users. However, over time, developers have also added features like messaging, voting, compatibility, etc. It is powered by the KowPow protocol, which makes it ASIC resistant.

  1. Bitcoin Gold

It is a Bitcoin fork, which essentially means it’s a spinoff of the world’s most popular cryptocurrency. Bitcoin is mined using specialized mining equipment, whereas Bitcoin Gold was designed specifically for mining using regular hardware.

  1. Horizen

Launched in 2017, Horizen and its native cryptocurrency ZEN is a proof-of-work, equihash-based cryptocurrency and is mineable with a GPU. The project aims to ensure data integrity and privacy freedom by enabling real-world use cases within a secure interoperable blockchain ecosystem.