It was the early 2000s that the rise of the cryptocurrency was reported. Over the years they have spawned an entire industry giving back mind-numbing returns.
However, with tighter regulations and stricter control, the full potential of the cryptocurrency is yet to be realised. But that shouldn’t stop you from mining a few coins and tokens for yourself. There are still some of them that would give you a great return.
Let us quickly go through a list of cryptos that can certainly add value to your financial portfolio.
Bitcoin (BTC)
The mother of all cryptocurrencies. Bitcoin’s arrival in 2008 gave rise to an entire universe of coins and tokens. It also happens to be the most sought after of cryptocurrencies, even after so many years. Bitcoin, however, has had a chequered history. Its valuation rose to a staggering $20000 before crashing head along. It has since stabilised but is unlikely to reach the level it once had.
A peer to peer computer is used to secure and verify transactions over a decentralised system.
Litecoin (LTC)
The silver to the gold called Bitcoin, Litecoin or LTC is the second most popular of cryptocurrencies. It is currently trading at $44 and is the fourth-largest cryptocurrency by way of market capitalisation. Litecoin provides greater storage and its confirmation is fast as well. All these factors make Litecoin the best cryptocurrency to mine 2019. On August 2019, LTC went through its second halving process.
Ethereum (ETH)
One of the most popular and secure of all the cryptocurrencies, the Ethereum is not just a platform. It is much more. Not only is it a great returning cryptocurrency but it also deploys the Ether, which is the decentralised and open-source platform where developers can create DApps.
Ether is a mineable cryptocurrency and is based on the Ethash algorithm and since that being the case; it is possible to mine Ether using a GPU rig of 4-6 GPUs.
Lastly, if you are able to assemble an excellent GPU rig and then be able to optimize it, you can expect to earn quite handsomely since its block reward is around 3 ETH per block.
One of the reasons why ETH is so sought after is because of its privacy and security features. It is aptly termed as HTTPS to Bitcoin’s HTTP.
