Today’s crypto mining ecosystem is not as we knew it years ago.
In less than a decade, things drastically changed due to a variety of reasons. Because of the arrival of complicated ASIC miners (Application Specific Integrated Circuit) and the increase of the difficulty in the network of most cryptocurrencies, the majority of the coins are currently impossible to mine with just the use of a computer. None of this was the case years ago.
Back in 2010, the computer Pentium4 had the ability to mine over 100 BTC, meaning that cryptocurrencies were mineable without the use of expensive GPUs back then.
As of today, the list of mineable coins through CPUs very much exists, since there are many parties involved.
Here are eight cryptocurrencies available for CPU mining, even today.
Bytecoin is a CryptoNote protocol-based altcoin that builds up peer-to-peer crypto transactions. In 2017, out of all cryptocurrencies, a lot of attention was put on Bytecoin as its price registered an extraordinary rise of 5,600 percent. A year later, in 2018, as a result, Bytecoin scored the perpetual high of 100 satoshis.
The Bytecoin is resistant to the Application Specific Integrated Circuit (ASIC) so it is perfectly mineable through a regular, uncomplicated CPU.
The best software to help mine Bytecoin is the Xmrig software. When it comes to the versions of this software, there are three predominant options—CPU mining, GPU mining with the use of AMD graphic cards, and GPU mining with Nvidia graphics cards.
As a cryptocurrency, Monero also massively grew over time with a recorded 200 percent surge of its price. Monero is an anonymous digital currency that is still considered as one of the most leading contenders on the market. Unlike many other cryptocurrencies, Monero’s transactions are anonymous and impossible to track.
This coin is based on CryptoNight, a proof-of-work algorithm. Such method defeats the mining of Monero through ASICs, which makes it highly mineable through a regular computer.
The mining process is very simple. All you have to do is download the mining software of Monero and install it. The power of your computer’s processor will help you produce Monero coins, and if you want to increase your profits even more, then you should invest in a graphics card. This card will boost the computer’s processing power and eventually help you generate more coins.
Due to the reason the team behind Monero wants more miners out there, they have developed Monero Smart Mining. Thanks to the integrated technology, the smart mining process will be available for the miners only when it is safe to use.
Similar to Monero, ZenCash promotes almost complete anonymity in the transaction process. Based on its zero-knowledge encryption protocol, there are two factors when it comes to ZenCash’s transactions:
One is the zk-SNARKS algorithm. This “Zero Knowledge Succinct Non-Interactive Argument of Knowledge” design represents the possibility of possessing a private key leaving out an actual interaction between the verifier and the prover.
The second factor is domain fronting. The purpose of the domain fronting is to camouflage the internet connections’ authentic endpoint. Because of the domain fronting, ZenCash’s transactions are almost untraceable.
For Windows computer users, the mining of ZenCash is possible by using NiceHash. Regardless of whether you choose a GPU or CPU, ZenCash coins can be generated.
Ethereum, the cryptocurrency with the second biggest capital in the market, is still mineable through GPUs and CPUs. It may sound like a shocking discovery but it is most certainly possible.
Ethereum features a functionality widely known as ”Smart Contract”. This programming of the blockchain is with the help of a programming language that allows the construction of very complex conditionals, therefore autonomous smart contracts named ”Solidity”.
The software that supports Ethereum mining is named Ethminer and it is popular for its usage by highly experienced opponents in the world of cryptocurrency mining.
Ethminer, however, does not do the job only by itself. An installation of Geth is also needed because this program links the Ethereum network with the machine you are using. The program collects information regarding recently mined blocks and as a result, is able to mine additional blocks.
Digital Note (XDN)
The Digital Note is more than a digital currency. This cryptocurrency, formerly known as DuckNote and DarkNote, is also an untraceable and encrypted system for messaging that uses peer-to-peer technology. The CryptoNote-based cryptocurrency is resistant to ASIC and exclusive for CPU mining.
Although Electroneum is relatively new on the crypto market and its price has not increased ever since it was launched in September of 2017, the cryptocurrency is considered among the most promising ones because of its fundamental technology.
The idea behind the creation of Electroneum was to target all the smartphone users around the world, and the algorithm this digital currency uses is CryptoNote. This advanced version of the algorithm still makes the cryptocurrency ASIC resistant, which means the mining can be done through smartphones, GPUs and CPUs.
The all-in-one miner CPUs, Nvidia and AMD GPUs use to mine Electroneum is called XMR-STAK 2.2.
For mobile use, the smartphone miner can be found available for download on the Google Play Store. Once the application is installed on your phone, you can immediately start mining Electroneum (ETN) coins. The miner will not waste your bandwidth of 3G or 4G.
AEON is acknowledged as a lightweight cryptocurrency that still has all the same benefits of privacy as the rest of the cryptocurrencies. The interface of this digital currency is mobile-friendly, and users most often think of it as a lightweight version of Monero.
As a cryptocurrency, AEON has exclusive CPU mining that makes it easier for its users to generate new coins.
With a market capitalization of $1 billion, Dogecoin is among the cryptocurrencies that have a loyal and tight online community. Create as a joke, this cryptocurrency was launched in 2013, but rapidly grew reaching the nine-figure capital in 2018.
Because of its protocol, new 5.256 Dogecoins are added to the network every year. The algorithm of this digital currency is known as Scrypt hashing, but even though there are ongoing miners for Scrypt ASIC, the Dogecoins can still be mined through a CPU.
When doing this, mining through a CPU, it is highly recommended for the users to adopt a multi-threaded CPU miner. However, it is important to know the rate of the hash will not be extensively high and that is why you should purchase graphics cards (GPU) such as AMD and Nvidia, to boost the process.
The mining process of Dogecoins always runs in the background of your computer, but it will not slow down the system.
Additional Coins for CPU Mining
Besides all of the eight above-mentioned cryptocurrencies, there are also additional ASIC resistant coins that are available for CPU or GPU mining.
These digital currencies include Boolberry (BBR), Vertcoin (VTC), DashCoin (DSH), DarkCoin (DARK), QuazarCoin (QCN), Slimcoin (SLM), Fantom Coin (FCN), Cryptonite (XCN), Gridcoin (GRC), Riecoin (RIC), Curecoin (CURE), New Universal Dollar (NUD), Coin MAGI (XMG) and more.
The list of CPU/GPU mineable cryptocurrencies is practically infinite since there is a huge number of players on the market.
CPU mining is definitely an easy way of making a few cents a day, but you should pay attention to the prices of the coins before putting up resources. Before you decide to mine any cryptocurrency, do your own research and analyze. Just because something looks profitable, does not mean it is. Invest wisely.