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Which currency is easy to mine (which currency has a high mining profit)?

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According to cointelegraph news, Bitcoin has dropped by 10% in the past 24 hour

Which currency is easy to mine (which currency has a high mining profit)?

According to cointelegraph news, Bitcoin has dropped by 10% in the past 24 hours. However, as the price rises, Ethereum has also started to rebound and reach a new historical high. According to Coinmarketcap data, the current price of ETH is $4.55. Litecoin (LTC) is currently the worst-performing cryptocurrency in the market, with a decline of up to 12%.

Therefore, analysts point out which currencies are easy to mine. What is the concept of easy mining? Which currencies are not easy to mine? Why are there “altcoins”? This depends on whether their market is popular, as well as their underlying technological value and prospects for application. If these projects are not successful, they are likely to fail.

For example, Litecoin recently launched a new ERC-20 token standard aimed at making Litecoin a part of the payment network to facilitate transactions, rewards, and the economy. Litecoin founder Charlie Lee said, “We hope to achieve this function by developing open-source code.” The Litecoin team also announced that it is working on solving “a fully decentralized solution.” In addition to miners, there is a consensus mechanism that can be used to improve the network performance of Bitcoin, which automatically repairs the system or other problems when there is a failure in the network. Furthermore, this protocol can also allow miners to obtain more income from Bitcoin at lower costs.

Which currency has a high mining profit?

When investing in Bitcoin mining, in order to maximize profits, it is necessary to have good investment targets. And the best assets are high-yielding investment products.

When the price of Bitcoin rises, the profit is the highest. So, which currency has the lowest mining profit? The answer is BTC.

Why is the annualized return of BTC higher than other cryptocurrencies? Because Bitcoin’s price fluctuates greatly, and its speculative nature is due to factors such as its deflationary mechanism and its inherent scarcity. At the same time, if a project wants to achieve higher returns, it needs to first purchase mainstream tokens as collateral for trading. When you buy some newly listed digital currencies (such as ETH, XRP), your cost will increase, thereby increasing the risk. However, this situation may also lead to losses for investors, so the principal of such investment products will not increase or depreciate.

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