List of effective mining coins 2020

By Le Anh | Peach

Effective mining coins 2020

In previous articles, I introduced you what mining is, how to calculate mining profits, and so on.

This article will introduce to you about the effective mining coins & series of excavators in 2020.

Effective mining coins are based on the following criteria:

  • Prices will rise in the long run.
  • The amount of coin mined is large enough for the miner to make a profit.

In this list, I will divide it into two categories: Mining coins having halving in 2020, and others.

Mining coins having halving 2020

At the time of 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 the time before halving. This will lead to a lower demand for miners to sell their coins.

Supply of the market decreases, thereby increasing the price of the coin. It is the fundamental analysis. Of course, the price of the coin depends a lot on other factors.

Reviewing previous halving times, I see that prices tend to decrease before halving, and 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 on TradingView about the halving times of BTC.

  • BTC (13 / 05 / 2020)
  • BCH (09 / 04 / 2020)
  • BSV (10 / 04 / 2020)
  • ETC (31 / 07 / 2020)
  • DASH (27 / 04 / 2020)
  • ZEC (17 / 11 / 2020)

You can visit the page https://explorer.viawallet.com/halving to see the countdown schedule for these coins.

Other effective mining coins

Monero (XMR), Zcoin (XZC), Nervos (CKB).

These are coins in the group of privacy coin - anonymous coins are popular, especially during the first half of 2019.

In addition, you should pay attention to GRIN & BEAM, both of which use the Mimblewimble protocol that Coin98 has written about.

List of effective excavators in 2020

Below I will classify the machines by their manufacturer:

BitMain's AntMiner series

BitMain is one of the leading names among manufacturers of excavators. Their AntMiner series focus on optimizing to mine coin using the SHA256 algorithm.

Some Antminer models are very popular with miners:

  • AntMiner S5
  • AntMiner S7
  • AntMiner S9
  • AntMiner T9
  • AntMiner L3 +
  • AntMiner D3

The biggest difference among these machines is their power consumption, and mining power. You can consider based on your capital costs, as well as your needs to choose the right one.

Dragonmint series of Halong Mining

DragonMint 16T trains the SHA-256 algorithm with a maximum hashrate of 16Th / s for a power consumption of 1480W.

ASIC series of ASICMiner

Some models of ASICMiner excavators:

  • ASICminer Eagle 3.4 Th / s: The most profitable excavator.
  • ASICminer 8 Nano S 58Th / s: The most efficient Bitcoin miner.
  • ASICminer Zeon Turbo 400,000 Sol / s: The most efficient Zcash (ZEC) excavator.

Other series of excavators

Cannan: AvalonMiner 741, AvalonMiner 1166 - 68T, AvalonMiner 1066 Pro - 55T.

List of effective mining software 2020

  • # 1 CGMiner: The best overall.
  • # 2 MultiMiner: The easiest to use.
  • # 3 BFGMiner: Best customization.
  • # 4 BitMiner: Best for cross-platform use.
  • # 5 Miner-Server: Best to mine Cloud Mining.
  • EasyMiner: Best Front-End GUI for multi-tools.
  • Awesome Miner: Best centralized training manager.

Where to buy excavators

Some ways for you to buy excavators:

Self-assembling excavator

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 my previous article: What is mining, to know how to build an excavator.

Buy available excavators

Above, I mentioned the companies that produce excavators, so you can directly go to their websites to order, such as BitMainHalong, and MiningASICMiner.

Is it possible to mine free Bitcoin in 2020?

Yes. This is absolutely possible.

There are some websites which allow users to participate in mining for free.

What to prepare to mine free coins in 2020?

Wallet

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

The second will be the exchanges for you to sell the coins you have mined. There are international exchanges (Binance, Huobi, KuCoin, etc.), and Vietnamese exchanges (Remitano, Aliniex, etc.).

Free mining websites 2020

  • FreeBitcoin
  • Dailyfreebits
  • BTCclicks
  • Faucethub
  • Cryptobrowser
  • Digging Bitcoin for free using a browser

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.

Summary

I have just introduced to you the list of good mining coins in 2020, efficient excavatos, mining softwares, and so on.

In the next article on the topic of mining, I will give detailed instructions on how to use free mining websites.

Goodbye and see you again in the next article!

Le Anh

Cryptocurrency is our chance to become the new 1% of the world.