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 ...

This article will introduce you to the effective mining coins & mining lines 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 have halving in 2020 and others.

Mining coins have halving 2020

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.

  • 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 refer to the page https://explorer.viawallet.com/halving to see the countdown schedule for these coins.

Digging other effective coins

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

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

In addition, you should pay attention to GRIN & BEAM, two coins using the Mimblewimble protocol that Coin98 has written.

List of effective mining machines 2020

Below I will classify the device by the manufacturer:

BitMain's AntMiner series

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:

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

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 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 types 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 mining machines

Some ways for you to buy mining machines own:

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 your previous article: What is mining, to know how to build a mining rig.

Buy excavators available

Above, I mentioned the brands that produce mining machines, they can directly go to their websites to order: BitMainHalong, MiningASICMiner.

Digging for free Bitcoin 2020?

Have. This is quite possible.

Some websites allow users to participate in mining for free.

What to prepare to mine for free 2020?

Wallet (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 (trading platform):

The second will be the exchanges for brothers to sell the coins they mine. Including international trading floor (Binance, Huobi, KuCoin...) and Vietnamese exchange (Remitano, Aliniex...).

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 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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