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In previous articles, I introduced you what mining is, how to calculate mining profits ...
This article will introduce you to the effective mining coins & mining lines in 2020.
Effective mining coins are based on the following criteria:
In this list, I will divide it into two categories: Mining coins have halving in 2020 and others.
At a time halving, the rewards for miners will decrease (depending on the different coins). So, does this affect the price of coins?
Due to the reduction of rewards, miners will lose profits compared to before halving. This will lead to a lower demand for miners to sell their coins out.
Supply to the market decreases, thereby increasing the price of the coin. It is about fundamental analysis. Of course, the price of the coin depends a lot on other factors.
Reviewing previous halving times, prices tend to decrease before halving, then increase again.
On the other hand, in terms of technical analysis, these coins are also in an uptrend (long-term).
The image below is a reference of TradingShot account above TradingView about the halving times of BTC.
You can refer to the page https://explorer.viawallet.com/halving to see the countdown schedule for these coins.
Maybe you are interested: What is Bitcoin Halving? Why is Bitcoin Halving important?
These are coins in the privacy coin group - anonymous coins are popular, especially during the first half of 2019.
Explore more: Articles about Coins & Tokens you are interested in
Below I will classify the device by the manufacturer:
BitMain is one of the leading names among mining machine manufacturers. Their AntMiner series is focused and optimized to mine coins using the SHA256 algorithm.
Some Antminer models are very popular with miners:
The biggest difference between these machines is their power consumption and digging power. You consider based on your capital costs as well as your needs to choose the right one.
DragonMint 16T trains the SHA-256 algorithm with a maximum hashrate of 16Th / s for a power consumption of 1480W.
Some models of ASICMiner excavators:
Cannan: AvalonMiner 741, AvalonMiner 1166 - 68T, AvalonMiner 1066 Pro - 55T.
Some ways for you to buy mining machines own:
This method is quite popular in Vietnam, especially in the period from 2016 to 2017 when mining is not yet popular.
You can refer to your previous article: What is mining, to know how to build a mining rig.
Refer to the article: What is mining? Guide to dig coins for newbies
Above, I mentioned the brands that produce mining machines, they can directly go to their websites to order: BitMainHalong, MiningASICMiner.
Have. This is quite possible.
Some websites allow users to participate in mining for free.
First, you need a wallet to store mined coins. Coin98 has a lot of tutorials on coin storage wallets. You can refer to how to create and use the wallet here.
Exchange (trading platform):
Explore more: Articles about the Brothers Exchange concern
This is a list of websites that allow mining of free coins. In the following article, I will guide you in detail how to use these websites.
I have just introduced to you the list of good mining coins for 2020, the efficient mining machine, the mining software ...
The next article on the topic of mining, I will give detailed instructions on how to use free mining websites.
Hello and see you again in the next article!
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