Ubiq UBQ Cloud Mining Comparison
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The mining criptomonedas is an arms race that rewards early adopters or early adopters. You’ve almost certainly heard of Bitcoin, the first decentralized cryptocurrency launched in early 2009. Similar digital currencies have entered the world market since then, including a Bitcoin spin-off called Bitcoin Cash. The cryptocurrency market is so mining a certain cryptocurrency today could stop being profitable in a short time. Due to this, we consider that the use of a GPU or graphic card is the best option for those who want to enter the mining industry. Through one or more GPUs it is possible to mine different virtual currencies, even with the possibility of automatically extracting the one that offers the most benefits at that moment. Monero XMR Mining Roi. That is why we have proposed in this article to make a selection of what we believe are the best cryptocurrencies to mine with a graphics card or GPU. Our selection is based on the recommendations of several specialized sites as well as the opinions of many Read Also: Read Also: Read Also: experienced miners. Ethereum (ETH) In December 2013, Vitalik Buterin started the development of Ethereum, with the first proof of concept (PdC) done in Go and C ++, published in February 2014. After a bifurcation of the block chain in July 2016, there are two active Ethereum lines: Ethereum and classical Ethereum. Ethash is the PoW algorithm planned for Ethereum 1.0. It is the latest version of Dagger-Hashimoto, although it can no longer be properly called as well since many of the original features of both algorithms have changed drastically in the last month of research and development.
The data set is updated once every 30,000 blocks, so the vast majority of a miner’s effort will be reading the data set, not making changes to it. The Ethereum encryption technique also allows ethers to be extracted using the GPU of a desktop computer. With Bitcoin, it is almost impossible to do this using normal GPUs, as it requires the use of very powerful specific ASICs or processors. Mining pools: • • • Recommended GPUs: • AMD Radeon Vega 64 • AMD Radeon RX 580 • Nvidia GeForce GTX 1070 More information: 2. Ethereum-Classic (ETC) Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of intelligent contracts and decentralized applications, and has the same specifications, such as average block time, size and reward. The work test algorithm used is called Ethash (a modified version of the Dagger-Hashimoto algorithm) and involves finding a nonce entry to the algorithm so that the result is below a certain difficulty threshold.
The Ethash PoW is resistant to ASIC mining. This is achieved with a working test algorithm that requires the choice of subsets of a fixed resource dependent on the noce and the block header. This resource (a few gigabytes of size data) is called DAG. Mining pools: • • • Recommended GPUs: • AMD Radeon RX 580 • AMD Radeon RX 470 • Nvidia GeForce GTX 1070 More information: 3. Zcash (ZEC) Zcash is a decentralized and open source cryptocurrency that provides strong privacy protections. Zcash was born from the Zerocoin project, which after starting being a cryptographic anonymity layer for Bitcoin ended up becoming an independent cryptocurrency.
Unlike Bitcoin, the Zcash cryptocurrency automatically hides the identities of issuers and receivers, as well as the amount of all the transactions we make in your Blockchain. Only those who have a visualization key will be able to see the content of the operations. This is possible thanks to an algorithm called zero-knowledge proofs (knowledge zero proofs). Zcash employs an algorithm called Equihash, resistant to ASICs. In short, it is similar to Ethereum because it can be mined with GPUs (graphics cards) and CPUs (traditional processors). Mining pools: • • • Recommended GPUs: • Nvidia Geforce GTX 1080 • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: 4. Zencash (ZEN) Although ZenCash was recently introduced to the world, this cryptocurrency has already received a lot of attention. ZenCash is a direct bifurcation of ZClassic (which in turn is a fork of Zcash) focused on privacy. One feature that makes ZenCash attractive to people is the way it offers a secure communication protocol known as ZenTalk. Users can exchange short messages through this network, all of which are driven by blockchain technology. ZenCash has a maximum coin supply of 21 million, which is the same as Bitcoin. The governance of this project will be done through a structure of the Decentralized Autonomous Organization, which is financed by a part of the mining rewards. The DAO will also finance future developments and seek additional partnerships.
ZenCash funds the growth using a redirection of a part of the miners’ reward, which will be spent on ZenCash using a community governance mode. In the ZenCash network, 8.5% of the tokens are earmarked for community development, marketing, maintenance and other costs paid from the treasury. This ensures that there are always enough resources available for growth. ZenCash has a good history of software development and security. Zen uses the same algorithm as Zclassic and Zcash, the Equihash algorithm, so its exploitation is highly profitable through the use of graphic cards.
Mining pools: • • • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: 5. Monero (XMR) Monero is one of the few cryptocurrencies that have not been created using Bitcoin technology. Specifically, it was built on the CryptoNote protocol, an encryption system that makes transactions not signed by only one person, but by several at the same time. His birth occurred in April 2014 as a fork of Bytecoin, the first cryptocurrency to use the CryptoNote protocol instead of the one used for Bitcoin. In principle, Monero (XMR) is born with the name of BitMonero, a union between Bitcoin ‘bit’ and, literally, ‘currency’ in the Esperanto language.
After the bifurcation and the name change, the developers undertook to improve their original code and integrate the CryptoNight algorithm for mining, where the order of transactions is voted on, new features in the protocol and the fair distribution of money. Monero emphasizes that its mining algorithm will not allow the centralization of this by large companies, as has happened with Bitcoin, since until now it is not possible to develop ASIC devices for its algorithm. Another advantage offered by Monero is that it allows both the use of the GPU and the CPU for coin mining, while in Bitcoin, both the use of the CPU and the GPU is practically useless nowadays. Mining pools: • • • Recommended GPUs: • AMD Radeon RX 580 • AMD Radeon RX 470 • Nvidia Geforce GTX 1060 More information: 6. Decred (DCR) Decred is a multiplatform digital currency with support for Windows, macOS and Linux. The applications of the portfolio are easy to use and allow shipping, receiving and mining with just a few clicks. Decred uses a hybridized consensus system to establish a balance between miners and users to create a more robust currency. There are three main ways to interact with Decred: The Portfolio or Wallet: To send and receive funds, as well as participate in the PoS Participation Test mining.
PoW-Test-Work Mining: Using the computing power to validate transactions in the network and generate new Decred tokens. Test-Participation Mining: Using funds to vote important issues of network development and validate transactions in exchange for rewards. Typically, the miners who operate the infrastructure exert considerable influence while the users have relatively little influence. Decred allows users to participate in the project directly without the need for expensive mining equipment. Mining pools: • • • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: 7. DGB-Groestl (DGB) DigiByte (DGB) is a fast-growing, highly scalable and bitcoin-inspired blockchain that functions as a decentralized global payment network. This Proof-of-Work cryptocurrency allows users to mine through five different algorithms. DigiByte allows you to move money through the Internet in a similar way to PayPal and Western Union, but with many improvements, including fast transactions with a minimum or no cost. With DigiByte you can send and receive money to any DigiByte address in the world in a matter of seconds without registration or hidden fees. DigiByte can be mined into five different algorithms: Sha256 (ASIC), Scrypt (ASIC), Groestl (GPU), Skein (GPU) and Qubit (CPU). Each algorithm averages 20% of the new blocks. This allows a much greater decentralization than other blockchains.
Mining pools: • • • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: 8. Musicoin (MUSIC) Musicoin is not just a coin. It is an ecosystem that allows musicians to release their works, create simplified licenses and receive payments – directly and immediately – whenever a music lover listens to a song. The Musicoin Foundation is the creator of Musicoin, and is responsible for maintaining the network, the development of the platform and participation in the world music community. Musicoin uses the blockchain technology and the ‘ smart contracts ‘ to execute a contract of use together with a payment transaction, automatically and without problems every time a listener clicks on the ‘Play’ button. No intermediaries of the industry are required. There are no monthly fees. So everyone wins. The MC generation process is called mining (or minting). In simple terms, mining is based on all the computers in the Musicoin network that run the same software, where the first one that generates a block of data that is then confirmed by the pairs is rewarded with 314 coins. Computers, or pools with greater hashrate usually gain a greater share of rewards. Like other cryptocurrencies based on the Ethash algorithm, Musicoin is resistant to ASIC mining. Currently, Musicoin is listed in Cryptopia and Bittrex, where it can be exchanged for other cryptocurrencies, including Bitcoin, and subsequently converted into fiat money.
Mining pools: • • • Recommended GPUs: • AMD Radeon RX 580 • AMD Radeon RX 470 • Nvidia GeForce GTX 1070 More information: 9. Feathercoin (FTC) Feathercoin is a powerful open source currency, with monetary properties linked to Bitcoin and the rest of the cryptocurrencies, but with very different technical characteristics. Feathercoin is a highly updated and customized blockchain compared to the Bitcoin protocol. Feathercoin is a cryptocurrency that came into operation in 2013. Originally, it was a Litecoin clone with only a few differences. However, throughout its lifetime, Feathercoin has put its own innovative ideas into practice. There are several ways to get Feathercoins. Users can obtain coins through mining using their personal computers and free software. Or you can buy Feathercoins through online exchange houses. In addition, there is a special online service where users can buy and sell goods and services in Feathercoins. Feathercoin is based on the NeoScrypt algorithm and implements many features that are not seen in most other cryptocurrencies.
Mining can be done both in computer processors (CPUs) and in graphics cards (GPUs), however at this time GPU mining is the most efficient and the best publicly available option. Mining pools: • • • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: 10. Expand (EXP) Expanse was created as Ethereum’s first stable bifurcation by one of the first developers of the Blockchain technology. Expanse was built as a community-based project without an ICO, ( Initial Coin Offering ), and is agnostic to the block chain. The idea is to use cutting-edge blockchain technology to build whatever the community and the team can imagine, using a Decentralized Autonomous Organization (DAO), with a self-financed design to keep it truly decentralized. In this way, the Expanse community can evolve and grow while rewarding the owners, partners and investors. The work test algorithm used is called Ethash (a modified version of the Dagger-Hashimoto algorithm) and involves finding a nonce entry to the algorithm so that the result is below a certain difficulty threshold. What Is The Fastest Decred DCR Miner. As dictated by the protocol, the difficulty is dynamically adjusted in such a way that on average one block is produced by the entire network every 15 seconds.
Like Ethereum, Expanse mining is extremely profitable compared to most other cryptocurrencies. The algorithm used by EXP is designed to take advantage of GPUs and is proof of mining ASICs, which makes mining truly decentralized. Mining pools: • • • Recommended GPUs: • AMD Radeon RX 580 • AMD Radeon RX 470 • Nvidia GeForce GTX 1070 More information: 11. LBRY (LBC) LBRY is a platform based on blockchain that provides users with a large library and decentralized market. LBRY plans to offer a worldwide library of multimedia content, from books and movies to songs and video games; at the same time it offers the option of digital marketing of those same works. All controlled only by users: they are the ones who will decide if their content will have a value and what value it will have, only they will be able to modify it or eliminate it, and, the best part, is that only they will collect the profits. Without intermediaries. Respecting the independent spirit of the project, LBRY developed its own cryptocurrency: the LBRY Credits (LBC). With them you can both acquire content and participate in an auction of names and exchange them for another currency in the respective exchange houses. It is expected that, over the next 20 years, one trillion LBC will come into being. Of these, 400 million LBC were created with the genesis block to be administered by LBRY, Inc. There are several alternatives to get the cryptocurrencies: publishing, of course; donating storage space to LBRY, buying them in exchange houses like Bittrex and Poloniex or mining them. The credits of LBRY are extracted during a period of 20 years of work test. Block rewards increase every 100 blocks by 1LBC, maximum by 500, and decrease slowly. LBRY mining is dominated by the GPU market. CPU mining is not economically viable at this time.
Mining pools: • • • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: 12. Vertcoin (VTC) Vertcoin is a cryptocurrency peer-to-peer and software project launched through a client on GitHub in January 2014. It is a Bitcoin coin with additional features such as Stealth Address technology and a Work Test (PoW) function that is resistant to Mining ASICs. Vertcoin is the first cryptographic currency to develop stealth technology and implement it within the blockchain network. This is considered to be the best solution to ensure the privacy of users in a decentralized public ledger.
The main difference between Bitcoin and Vertcoin is the latter’s resistance to centralized mining and the long-term promise of Vertcoin developers to keep it that way. Thanks to the ” Adaptive N-Factor ” technology, this coin can be extracted by regular users (through the use of graphic cards) and not by large data centers. Mining pools • • • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: 13. Ubiq (UBQ) Ubiq is a decentralized platform that allows the creation and implementation of intelligent contracts and decentralized applications. Built on an improved Ethereum code base, Ubiq’s blockchain acts as a large, globally distributed supercomputer, allowing developers to create decentralized and automated solutions for thousands of tasks that are now performed by third-party intermediaries. The blockchain Ubiq generates blocks using a work test system with a target average block time of 88 seconds. The algorithm used for the work test, Dagger Hashimoto, is the same as that used for Ethereum and Ethereum Classic, however, the longer average block times decrease the growth size of the DAG used to represent the block chain, allowing that low-end video cards with 2GB of RAM can operate in the chain for at least 6 years. In addition, Ubiq integrates a new algorithm of adjustment of difficulty called Flux, in order to keep block times more consistent in conditions of variable hash rates. Mining pools: • • • Recommended GPUs: • AMD Radeon RX 580 • AMD Radeon RX 470 • Nvidia GeForce GTX 1070 More information: 14. Komodo (KMD) Komodo is a cryptocurrency focused on privacy that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed work test, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through a PoW protocol based on Equihash, and the new block information is inserted into the BTC block chain by the DPoW notary nodes creating a custom transaction. This system ensures that to “hack” komodo, one would have to rewrite both chains.
Komodo holders receive 5% of annual income (APR). Each KMD holder will receive it, and in fact it is automatic. The 5% APR will remain until the maximum supply of 200M KMD is reached. Since Komodo uses the Equihash algorithm, it can be extracted with CPUs and GPUs.
Mining pools: • • • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1080 • Nvidia Geforce GTX 1070 More information: 15. Bytecoin (BCN) Bytecoin (BCN) is an alternative cryptocurrency launched in 2012 that uses the unique CryptoNight algorithm based on CryptoNote technology. Bytecoin is an open decentralized cryptocurrency, which means that any interested person can join the Bytecoin network and participate in the development of the currency.
Bytecoin allows secure transactions around the world and offers the convenience of instant transactions without charges. This is possible due to the processing of transactions carried out by network users who are rewarded by the network itself. During the processing of transactions, users do not have access to information regarding the sender, receiver or the amount of money transferred. Like Monero, Bytecoin uses the CryptoNight algorithm, which is designed to make the CPU and GPU mining approximately equally efficient and at the same time restrict ASIC mining. Mining pools: • • • Recommended GPUs: • AMD Radeon RX 580 • AMD Radeon RX 470 • Nvidia Geforce GTX 1060 More information: 16.
Pascalcoin (PASC) PascalCoin is a project of Catalan origin whose whitepaper was published in July 2016 by its developer Albert Molina, who wrote the entire project code using the Pascal programming language. PascalCoin offers an innovation with a curious and striking feature: dispensing with historical transaction records for its operation. PascalCoin operates with traditional account numbers such as bank accounts (eg: 123456), instead of public keys corresponding to encryption with elliptic curves. By offering simple account numbers that can be associated with emails, company names, and domain names, payments have never been easier. In similarity with Bitcoin and other cryptocurrencies, the issuance of currencies is limited and the reward per mined block decreases with the passage of time. Mining pools: • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: 17.
Sia (SC) Sia is a decentralized, peer-to-peer network for the purchase and sale of computer storage space. Users pay for transactions within Sia using a cryptocurrency called Siacoin. Like Bitcoin, Sia relies on “miners” to supply computing power to the network. These miners are paid for their contributions in Siacoin. Users can pay and store their files, similar to the Dropbox platform, from the Sia platform; They can also rent space from their disks to store files of other users in exchange for Siacoins, acting in this way as a decentralized Dropbox. For the miners, the interface has a special mining application that acts in a similar way to that of the Bitcoin miners. With it, they secure Siacoin’s blockchain in exchange for rewards paid in Siacoins blocks, which can be sold or used to buy storage space in the network. Mining pools: • • • Recommended GPUs: • Nvidia Geforce GTX 1080Ti • Nvidia Geforce GTX 1070 • Nvidia Geforce GTX 1060 More information: Read Also: Read Also: Read Also.