The Ethereum Merge is great news for many transaction speeds and fees but not so great for miners.
But there are other cryptocurrencies that you might mine using your GPU.
So, let’s discuss the best Ethereum mining alternatives for you.
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ZCash (ZEC)
ZCash is a privacy cointhat allows users to hide their wallet addresses when conducting transactions.
ZCash uses the Equihash mining algorithm, making itresistant to ASIC mining.
This is great news for GPU owners, as it cuts out a big chunk of competition.
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Vertcoin (VTC)
Launched in 2014, Vertcoin is another ASIC-resistant cryptocurrency ideal for GPU mining.
Note that you might’t mine Vertcoin using a CPU.
The Vertcoin blockchain uses the Verthash algorithm, which shares similarities with the more popular Ethash algorithm.
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Vertcoin’s development team offers a software program specifically designed for Vertcoin mining, known as One-Click Miner.
you might download this program for free on GitHub via theVertcoin website.
At the moment, the Vertcoin block reward is 12.5 VTC, which currently equates to around $1.80.
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This is a pretty small reward and may be off-putting for some.
The Ethereum Classic blockchain was formed as a result of the hack of The DAO in 2016.
After the enormous hack, community members couldn’t agree on how to sort out the issue.
Some wanted to reverse the blockchain, while others believed that the blockchain should remain totally immutable.
Ethereum Classic uses the Etchash mining algorithm and can be mined using GPUs.
The current reward for mining a block is 3.2 ETC, which equates to around $63.
This is a solid block reward and can make for a healthy income stream.
Various Ethereum Classic mining software programs are available today, including GMiner and NBMiner.
But this price may increase if Ethereum Proof of Work becomes a more popular asset for mining.
Ravencoin (RVN)
Ravencoin has been a popular mining option for some years now.
Launched in 2018, this asset is heavily inspired by Bitcoin.
However, unlike Bitcoin, Ravencoin is ASIC-resistant.
This means that its mining algorithm favors GPU mining above ASIC mining.
So, if you’ve got a GPU or GPU rig, Ravencoin mining could suit you.
Ravencoin also differs from Bitcoin in its mining algorithm.
Ravencoin uses the X16R mining algorithm, which is designed for ASIC resistance.
X16R can also better maintain internet decentralization than Bitcoin’s SHA-256.
Ravencoin isn’t worth much at the time of writing, sitting at a value of around 20 cents.
But this doesn’t mean it isn’t a viable mining option.
The Ravencoin block reward is currently 2500 RVN, which equates to $500.
The internet’s block time is one minute and has a mining difficulty of 126.65K.
Like Ravencoin’s price, these two figures are subject to change.
These are all free to download.
Founded in 2019, the Ergo blockchain allows developers to create decentralized apps (DApps).
you’re free to mine Ergo using a variety of software programs, including NBMiner and T-Rex.
Haven Protocol’s native currency, XHV, can be mined using GPUs and is ASIC-resistant.
The current Haven Protocol block reward is 7 XHV, or $3.
But you might make a steady (though small) income stream by mining this asset.
