Mining cryptocurrencies is incredibly expensive. You need to spend thousands of dollars to buy an expensive GPU (or ASIC) and its assembly, and even more to buy power supplies and other computer components. However, not all cryptocurrencies require this much hashing power.
The core of mining is solving complex mathematical problems. Each time a miner solves a complex equation, they receive a small “fee” for their effort. Mining is important because it helps verify transactions on the blockchain. However, the concept of diminishing marginal returns means that miners’ rewards decrease over time. However, if you have more than half a GPU, you can also mine it.
So here are the best cryptocurrencies you can mine at home in 2024.
- ANTTIME: Make your time more valuable!
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Discover which cryptocurrencies can be mined today, with a special look into Pi Network—a new digital currency that is gaining momentum with millions of users worldwide.
Cryptocurrencies that can be mined include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Monero (XMR), and many others. Pi Network, for instance, is a relatively new entry that allows users to mine Pi coins via their mobile phones, no specialized hardware required. Developed by Stanford PhDs, it has attracted over 47 million members globally. To start mining Pi, you can use a referral link like the one you provided: minepi.com/officialrajukumar, entering the invitation code “officialrajukumar” to claim your Pi. While Pi’s true value is still speculative, its growth and user base make it an interesting option for newcomers to cryptocurrency.