If you ask about the Most Profitable To Mine Crypto at the moment or in 2023 so Dogecoin (DOGE) would be on the first Rank followed by BitcoinCash (BCH), Verge (VXG), Peercoin (PPC), and Bitcoin (BTC) are also good to mine
2022 has been a rough year for the cryptocurrency mining industry. Even the crypto giant Bitcoin has remained around $20k-$16k, far from its all-time high of $68k in 2021.
Moreover, the digital mining industry is growing rapidly. Recently, Binance announced its cloud mining business. The crypto exchange has also announced a $500 million lending fund.
List of Most Profitable To Mine Crypto
Bitcoin mining revenue is estimated to be $9.72, with fewer electricity costs of 7.22, with a daily profit of $9.72. Bitcoin (BTC) with a hash rate of 246.16EH/s and block rewards of $6.25 for 759,203 blocks at a block time of 10 minutes. With a daily profit of $2.49,
There is a daily return of $21.93 from DOGE mining, similar to a profit of $13.71 without electricity charges. Dogecoin (DOGE) is a largely profitable cryptocurrency to mine. With a hash rate of 349.5 TH/s, the meme crypto network supplies 10,000 protocol rewards for blocks with a block time of a minute, up to 4,435,709.
In the wake of Elon Musk’s Dogecoin backing, DOGE reached a market cap of $90 billion at its summit. It has since loose to $7.8 billion.
Peercoin was introduced to the public in 2012. Its native token, PPC, is also used as a governance token. One of the first blockchain programs, Peercoin (PPC)’s mining hashrate is currently 43.39 PH/s. Further, block rewards are 55.17 for 648,376 blocks at 10 minutes of block time.
Peercoin mining currently makes about $14.09 in daily profit, less $7.22 for electricity, and $6.87 in profit per day.
VXG has a hash rate of 349.5 TH/s, and block rewards are 50 for six, 250,152 blocks with a block time of 30 seconds.
Its daily Profit per day is $19.51, subject to an electricity cost of $8.22, and its mining profits per day are $11.29. Its native token, currently trading at $0.003207, is down 1.54%.
Bitcoin cash is recently mining at 1.42EH/s. BCH’s daily profit is $9.77. With electricity costing $7.22, the mining profits are $2.54. The BitcoinCash program allows p-2-p payments with transaction fees as low as $0.01.