Top List of the Best Cryptos to Mine in 2023

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The process of mining new blocks for a particular crypto was initially done by the central processing unit (CPU). When Bitcoin first arrived, the mining process could even be carried out on a regular user’s PC. Then, in the long run, users later began to use the GPU (Graphics Processing Unit) for the mining process, which is more powerful than the CPU. Currently, the latest processing device used for mining new crypto blocks is the ASIC (application-specific integrated circuit). This device was specifically built with cryptocurrency mining in mind. The ASIC is specifically designed for the mining process.


The coin ranking based on mining profitability is not consistent, but with Coinwarz’s excellent resource, you can stay up to date on the top list of the best coins to mine this year. Coinwarz keeps up-to-date track of the profitable tokens to mine. We shall look at some of the altcoins on the list.

bitcoin mining miner

  • Monero (XMR)
     New blocks take 2 minutes to mine and it rewards miners with 0.65 XMR. The revenue per day is $0.62 and the net profit per day is $0.07. Most people like to accept XMR because transactions are fast, inexpensive and it protects the privacy of transactions.
  • Peercoin (PPC)
    For PPC, the daily reward for mining this token is 38.82 PPC. It takes 10 minutes to mine. The daily income for mining per day is $11.62. The net profit is $7.6 per day. Peer coin is the first to use proof-of-stake (PoS) for the processing of transactions. The use of PoS to create new blocks is rather known as minting. Unlike the Proof of Work (PoW) which consumes much electricity, PoS consume much less electricity. Peer coin is currently less popular, but back then in its early days (around 2012) it was very popular. Peercoin combines proof of work and Proof of Stake for creating new blocks.
  • Horizen (ZEN)
    The mining of new blocks reward per day is 3.75. the time taken to process new blocks is about 3 minutes. Per day, miners get $1.34. And the profit per day is $2.30. Like XMR, ZEN encourages privacy and the anonymity of transactions. Even though Horizen embraced ASIC miners because of the stability and security of the network, it remains a gainful coin for GPU miners.
  • Vertcoin (VTC)
    The Daily Block reward for Vertcoin is 12.5 VTC. It takes about 3 minutes to mine one block. The Daily revenue is $0.45. The net profit per day is $0.63. VTC is ASIC-resistant. It is easily accessible to mine. Because of its ASIC Resistance, it is accessible by CPU users and GPU users. Vertcoin is perhaps one of the easiest coins to mine because they have a unique miner specially designed for the job. What you just need to get on board is to just install the free miner and then join the mining pool.
  • Bitcoin Cash (BCH)
    The daily reward is 6.25 BCH and the time taken to mine one block is 10 minutes. The Daily revenue is $8.42. And the daily net profit is $4.81. Bitcoin Cash is an offshoot of the Bitcoin network. BTH came up as a result of concern for the future of Bitcoin. It process transaction more quickly. This reduces the time and cost of processing information.
  • Ethereum Classic (ETC)
    The daily block reward of Ethereum Classic is 3.20 ETC. The time taken to mine is 15 seconds. Miner gains $1.03 daily revenue. The daily profit for mining Ethereum Classic is $6.52. Because in this market the supply of this service exceeds its demand, it becomes profitable for home miners that are using GPU or ASIC devices. But this is not compatible with the miners using the CPU.

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