RATE Group | Which Crypto is the Most Profitable to Mine in 2020?
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Which Crypto is the Most Profitable to Mine in 2020?

11 Mar Which Crypto is the Most Profitable to Mine in 2020?

Posted at 06:37h in Cryptocurrency News by

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Crypto mining is becoming exponentially competitive. It used to be that anyone with a PC could mine at a profit, but now you need expensive equipment to stand any chance. So what’s the most profitable crypto to mine in 2020? 

Bitcoin is the most profitable if you have millions to invest

Crypto mining profitability is highly nuanced, it depends on a wide range of variables such as hardware, electricity costs, and the type of cryptocurrency you would like to mine.

Bitcoin is the most profitable coin to mine currently, although not if you’re an individual miner, in most cases. Bitcoin mining is extremely competitive, requires specialized hardware in the form of ASIC (Application Specific Integrated Circuit) rigs, and requires cheap electricity in order to maximise earnings.

Bitcoin is primarily mined by large companies with millions of dollars invested in thousands of ASIC miners, cooling systems, and operate out of countries with competitive electricity rates. Bitcoin’s…

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