This type of payment is called the block reward.Īt its most basic, all you need to mine cryptocurrency is a computer, the internet, and a special piece of software. This is done with the fees that are collected from users paying to send their transactions, as well as a special reward of new currency that gets released with every new block added to the chain. Simply choose a reliable crypto exchange and start your journey! It's highly recommended to go for Coinbase and Binance.

Finally, I’ll look at a few of the benefits of mining some of the top cryptos today?īefore we get started looking at how to choose the best coin to mine, I first need to explain what exactly mining is, for those who are brand new to the topic.Īlso, keep in mind that there are easier ways to get altcoins.

Some useful words that often come up when you’re reading about mining altcoins or Bitcoin.What do people mean when they say mining difficulty?.That said, I’m hoping that this will serve as the perfect introduction to the topic. Ultimately, I hope it will help you to decide the best coin to mine.ĭuring the guide, I’ll cover a lot of different aspects of Bitcoin and altcoin mining. First things first, I must point out that cryptocurrency mining is a huge topic and to understand it fully would take a much longer article than this one. Hello and welcome to this guide of the best coin to mine.

Best gui crypto miner