Current Provider Offers: Best VPS For Mining 2020
Crypto mining is one of different ways to profit from cryptocurrencies, especially for people who don’t want to put their capital at risk by trading cryptocurrencies on broker platforms. Mining will never bring the returns of successful altcoin trades, but it delivers stable returns without the risk of losses.
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The times when you could mine Bitcoin at home are long ago. This cryptocurrency not only is the most popular and most expensive one – it can even be called the mother of all cryptocurrencies and the crypto reserve currency. For private households it is impossible to mine Bitcoin since you need special equipment that only mining companies can afford.
Top VPS Hosting Providers**:
** Note that the hosters mentioned above might tolerate crypto mining activities as long as you don’t run scripts that force a maximum CPU usage exceeding the CPU of your VPS plan. So crypto mining is not explicitly forbidden with those VPS hosters according to their terms of service, but there are clauses that refer to mining activities, such as at Virmach:
But which coins promise the highest returns in 2019 while being easily minable at home without super expensive extra equipment? Many new cryptocurrencies have appeared and it gets harder and harder to keep the overview.
There are couple of altcoins that count as worth mining, still or especially in 2019. They are not that expensive and some can be mined without special difficulties, even with an ordinary computer like Monero (XMR) – the best anonymous coin there is.
Which Cryptocurrency To Mine – The Right Choice
When choosing the right cryptocurrency, you should be careful. Don’t look at the price, how much the cryptocurrency currently costs, but how easy it is to mine and how good the prospects are for the particular altcoin. For example, long-term growth in price should be very likely and it should be able to recover the investments you spent on its extraction.
In addition, the choice of cryptocurrency and mining service depends on whether it is possible to withdraw funds.
This article tries to accumulate the most promising cryptocurrencies. Altcoins that can be mined from virtually any device, including a computer, provided it has a powerful processor and a suitable graphics card.
By the way, the topic of the graphics card is particularly acute, because with Bitcoin mining the use of a video card was abandoned – it became too expensive. Therefore, the income from mining is practically lost against the background of the costs.
But this article describes the most promising alternatives that are beneficial for mining cryptocurrencies in 2019. Here are some of them:
One of the coins that can be mined by individuals is Monero. So it’s definitely worth looking for the best VPS for Monero mining since this coin is being created through CPU mining which can easily be executed by a external rented server. So you can easily mine Monero on your home desktop computer. Additionally you could even mine XMR on your mobile phone.
Ethereum. This currency will prove itself as heir to Bitcoin, but it is growing incredibly fast. If it cost only $40 at the beginning of 2017, it will cost $893 at that time, i.e. one year later.
But the currency is unstable and must be recognized. There are inherent jumps in price – if it costs more than $800 today, the price could fall to $600-700 a piece tomorrow.
Therefore, you should think before investing in mining of this cryptocurrency.
Litecoin. Also a very interesting option for mining. The cost of this coin does not make you sweat. Everything is more than modest &ndas; only 250 dollars per Litecoin at the time of writing this post.
Competition in the mining of this cryptocurrency is minimal, which makes LTC mining much easier. In addition, experts say that Lightcoin is the most stable currency available and its exchange rate is subject to smaller jumps.
A promising currency was added to the rating. She belongs to the “youngest”, but has already made a lot of noise. Experts say DASH has a chance to grow to several thousand dollars. Start with the fact that a few months ago it still cost 11 dollars and is now worth 1165 dollars.
Each of these cryptocurrencies can be described as the most profitable coins for mining, but whether this is really the case will be shown in practice.
Here even more coins you should have a look at as they can be mined at home:
Doge Coin (DOGE)
Profitability Of Mining
Some will say that mining in 2019 is no longer profitable and many will agree with you. But in spite of everything, it depends on the cryptocurrency.
To find out which altcoins can still be mined for reasonable profits, there is the service “WhattoMine.com“.
This service is specially developed for those who work in mining. It allows you to calculate the most profitable cryptocurrency you can mine with your graphics card or Asics.
On the page, select the type of hardware (graphics card or Asic), then enter the correct information in the specific areas: Performance of your devices (hashing speed) and energy consumption.
Then press “Calculate” and you will receive information on how much you can earn when you mine this or that cryptocurrency.
Which Hardware To Use
CPU (Mining on the processor). Given the current complexity, such mining is no longer profitable.
Mining on the operational memory, for example, if the currency uses the Scrypt encryption algorithm. You could mine, but it’s not very profitable now.
GPU (Mining on the graphics card). The disadvantages of this method are quite large.
The energy consumption and the price of a good graphics card is also not cheap and despite these disadvantages, this type of mining is by far one of the best. For example, compared to the same mining on ASICs, you can always sell the graphics card at a good price.
There is always a demand and in case of damage it can be repaired within the warranty period. The best graphics card for mining is the GTX 1070 as far as I know.
ASIC (Application Specific Integrated Circuits). These units were specially developed for the mining of cryptocurrencies (bitcoin).
However, the high costs and the high risk are negative, as they are difficult to repair in the event of damage.