Mining provides a decentralized way to issue cryptocurrency while creating a solid ground for more crypto enthusiasts to mine. It ensures that new coins are produced every 10 minutes – 10 minutes is the time basically required to mine a single BTC block. Following are the things you may require before you embark on your crypto mining journey so that you will get the most profitable cryptocurrencies to mine in 2019:
A coin wallet that will be password-protected storage for your earnings and keeps a network-wide ledger of transactions.
A free mining software package
Membership in an online mining pool - a community of miners who combine their computers to increase profitability and income stability.
Membership at an online currency exchange to exchange your mined coins for cash or Bitcoin.
A desktop or custom-built computer designed for mining.
As now you know what all is required to mine a cryptocurrency, let’s explore the best coin to mine in 2019:
#1 Bitcoin (BTC)Bitcoin is the world’s first decentralized cryptocurrency which initially reared its shiny head into digital markets in 2009. Though it is the first cryptocurrency of the world, lots of crypto fans consider it as most profitable cryptocurrencies to mine in 2019. While mining Bitcoin, a peer-to-peer computer is used to secure and verify bitcoin transactions on a decentralized network.
#2 Litecoin (LTC)
Litecoin (LTC) is an open-source software project released under the MIT/X11 license. This peer-to-peer cryptocurrency is currently trading at US$ 44 and ranks as the world’s fourth-largest cryptocurrency in terms of market capitalization.
#3 Ravencoin (RVN)
Launched on January 3rd, 2018, Ravencoin is built on a fork of the Bitcoin code. It is basically an open source ‘peer-to-peer’ blockchain designed to handle the efficient creation and transfer of assets from one party to another.
Read here the detailed review of coins:
https://coinswitch.co/news/10-most-profitable-cryptocurrencies-to-mine-in-2019-detailed-reviewLet me know your thoughts as well...