There are several reasons for the rise of these currencies. The first is high competition. Now it has become trivial and expensive to get the right to mine BTC, and this is not only due to halving, which significantly reduced the premiums to miners for each new block. Indeed, earlier, at the dawn of the emergence of bitcoin, one block could get 50 BTC, but now this amount is 6.25 every 10 minutes, or 900 coins per day.
This struggle forces professional miners to use large farms filled with expensive hardware in order to be able to receive block rewards. Although the answer to the question of which cryptocurrencies can be mined on home PCs almost always excludes bitcoin.
One of the alternatives to participating in bitcoin mining is joining mining pools, which combine the resources of several participants, and the received reward is divided in proportion to the participant's share. True, such platforms have drawbacks, for example:
- High commissions;
- No guarantees of any kind;
- Doubtful reputation.
Ether is another popular object of mining, and this is not least due to the outstripping growth in the popularity of ETH in comparison with BTC. True, there are also pitfalls here, one of which is the slow transition from the energy-consuming principle of Proof-of-work (PoW) to Proof-of-stake (PoS), which actually makes mining an obsolete way to get coins.
In PoS, the task of verifying transactions is instead left to the validators who manage the nodes. To become a validator, you need to have 32 ETH frozen for an extended period of time. This will ensure that you have a financial interest in the proper operation of the network. Failure to act in the best interests of the network incurs fines, as this can be a loophole for attackers. On the other hand, it is possible to receive a reward in the form of transaction fees paid by users of the Ethereum blockchain. That is, in any case, your efforts will be rewarded.
For many miners, the barrier to entry for validation can be critical. On the highs reached in May, 32 Ethers were worth $ 140,000. Fortunately, there are a number of platforms that allow you to join forces with other members and share the reward.
The list of easy coins to mine could include coins created for privacy, such as Zcash and Monero, as well as coins formed from bitcoin hard forks, such as Ravencoin and Bitcoin Gold.
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