Which Coins Are Worth Mining (Which Coins Are the Most Profitable)

Which coins are worth mining? In the investment field, mining machines are the most important link because there is no fixed source of income. Generally speaking, mainstream cryptocurrencies such as Bitcoin and Ethereum cannot be traded after being mined. The main reason for this is that the soaring price of Bitcoin has led market participants to buy in. Therefore, investors should judge whether they are suitable for long-term hoarding (or selling) based on their actual situation. If the price of Bitcoin falls, it will cause losses to other assets. At the same time, since Bitcoin does not have the same value as fiat currency, mining any coin also needs to be cautiously operated.

Which coins are the most profitable to mine?

According to a report by Bitcoinist, based on data from CoinMarketCap, as of June 29, 2018, the market value of Bitcoin was $288.35 billion (1% of the entire cryptocurrency market). Therefore, by the end of 2019, the price of BTC may reach over $17,000. In comparison, the highest mining income in 2019 could reach around $140,000. However, it is worth noting that most of the coins mined have already become worthless. The end of 2017 and the beginning of this year were the first time Bitcoin broke through historic highs within a year after halving. In the first half of 2020, due to the sharp drop in network computing power to a high level since 2017, some investors transferred their funds to some high-risk coins on Ethereum, resulting in losses for many investors. Many investors have chosen to invest in other tokens that have been mined, such as ADA, BCH, etc.