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In this article, we want to check which is the best currency to mine with a graphics card. Digital currency extraction or mining is done with various methods. One of these methods is to use a graphic card or CPU of computers. Using the processing power of computer hardware is cheaper and more economical than other methods of digital currency extraction. In this article, we focus on digital currency mining with a graphics card.
If we want to explain in a simple way how to extract digital currency with a graphic card or GPU, we must say that in this method, the computing capacity of the graphic card is used to confirm transactions and solve difficult mathematical algorithms and blockchain equations. It is taken to extract digital currency. After performing complex calculations by the graphic card, a new block is obtained, which will be added to the blockchain.
We mentioned above that extracting digital currency with a graphics card is a cheap method, but this being cheaper does not apply to all types of digital currencies. You should know which digital currencies are profitable to mine with a graphics card. On the other hand, you should also pay attention to the hashing algorithm used by each of the blockchains to produce their blocks. Not all hash algorithms support digital currency mining with a graphics card.
Algorithms compatible with the proof-of-work consensus mechanism or PoW mechanism or algorithms based on it are suitable for this work. For example, 4 algorithms SHA-256, Scrypt, X11, and Ethash are compatible with Pow mechanism. In the following, we will mention four digital currencies that are profitable to mine with a graphic card in different ways, and we will mention a brief explanation about each one. Of course, except for those mentioned below, Ravencoin, Grin, Litecoin and Zcash are also suitable for this.
According to many cryptocurrency experts, Monero currency is the best option for mining with a graphics card. The positive feature of this cryptocurrency is fast transactions as well as high ability to maintain privacy.
Bitcoin Gold digital currency, known by the abbreviation BTG, is open source and decentralized, which has made payments faster and cheaper. This type of cryptocurrency is part of several digital currencies designed to be mined with a graphics card. It takes two days for a person to mine a BTG with a hash rate of 1180 hashes per second. This cryptocurrency uses the Equihash-BTG algorithm, which also has no problem with mining through a graphics card. The block time of Bitcoin Gold digital currency is equal to 10 minutes.
Dogecoin digital currency quickly gained a lot of popularity in the world. This has been due to the personal support of Elon Musk and also due to many positive features such as ease of payment and convenient purchases. This type of digital currency is also a very suitable option for mining with a graphics card; Because its block time is one minute and it also uses script algorithm. The time required for individual mining of a Dogecoin with its hash rate of 2,500 megabytes per second is equal to eight and a half minutes.
The Ethereum Classic network experienced a historic fork in 2022 and is still a very suitable network to support POW-based altcoins. The digital currency ETC, or Ethereum Classic, has a block time equal to 13.5 seconds, and the time required to extract one item from it is about two days and eight hours. Of course, this is in the condition that its hash rate is equal to 2500 megabytes per second.
If you intend to extract digital currency through your computer graphics card, you should pay attention to a series of issues. First of all, you should go for digital currencies that are suitable for this task, some of which we have mentioned above. On the other hand, you should use powerful graphics cards such as AMD and NVIDIA graphics cards for this.
