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Top 5 Cryptocurrencies To Mine

Here are the top 5 cryptocurrencies that you can hope to mine in 2020: Mining cryptocurrencies will produce new crypto coins.




Cryptocurrencies To Mine

Mining cryptocurrencies will produce new crypto coins. Mining also encourages more and more crypto enthusiasts to start this exercise. However, there are some essential things to consider before you get your feet wet in cryptocurrency mining.

You will need a password-protected coin wallet for storing all your earnings, mining software, and membership of a reputed and trustworthy mining pool where various miners will contribute their respective mining powers to improve profitability and stability. You are also going to need a membership at an online cryptocurrency exchange where you can exchange the coins you have mined for Bitcoins or cash.

To do mining, you will require a custom-built machine with an Nvidia GPU or an ASIC chip designed for mining. But the truth is that GPU mining will not yield too many altcoins as the mining industry is becoming more and more professionalized and consolidated. So, the small miners have to join larger mining pools to get at least a part of the rewards.

Here are the top 5 cryptocurrencies that you can hope to mine in 2020:

Cryptocurrencies Bitcoin

  • Bitcoin (BTC) is by far the best in terms of profitability even today and has been the first decentralized digital currency to have first made its appearance in 2009. When mining Bitcoin, you will need a peer-to-peer machine that can secure or verify transactions in a decentralized network. This May, Bitcoin will experience forking for a third tie, and block rewards will be reduced to 6.25 BTC for miners. On the other hand, bitcoin trading through automated trading apps like Bitcoin Loophole is on the rise.
  • Litecoin (LTC) refers to open-source software under MIT/X11 license that now trades at $44 and occupies the 4th position as far as the market cap goes. Litecoin has a high storage capacity, the confirmations are faster, and this explains why it is slated to become probably the best cryptocurrency for mining in 2020. In December 2018, Litecoin had managed to outshine the BTC, and this trend is continuing with Bitcoin halving only a few months away. The Litecoin will be halved in August 2020, and the rewards for miners will be reduced to 12.5 LTC from 25 LTC.
  • Ravencoin or RVN is a recent entry, having been launched two years back, and it is built upon the Bitcoin fork. This is also a peer-to-peer blockchain for handling asset creation and transfer between parties. This is a US-based open-source blockchain focusing on asset transfer and has gained a lot of popularity recently. A reason for this is the X16 algorithm used as proof-of-work mining.
  • Grin is a new addition to this list of profitable cryptocurrencies for mining in 2020. It is a privacy coin having unlimited supply and has earned a lot of positive responses. This open-source project focuses on scalability, privacy, fungibility, and is the first to use privacy technology.
  • Horizon, originally called Zen Cash, is also a blockchain focusing on privacy; it was meant for transactions, communication, and publishing. This currency was launched as Zclassic fork in May 2017 and did not have ICO or Initial Coin Offering. It is perfect for CPU mining and employs a node system for relaying data through connecting nodes. The e-protocol delivers secure messages through the Zen Chat service.

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Stocks or Currency for Investors: Bitcoin

The debate surrounding Bitcoin’s classification as either stocks or currency is a topic of great interest. Bitcoin stocks or currency for investors.




Cryptocurrencies Bitcoin

The debate surrounding Bitcoin’s classification as either stocks or currency is a topic of great interest. This article explores the potential of Bitcoin from both perspectives. Elevate your Bitcoin trading game by accessing the wealth of information and resources at, where traders can develop their skills and unlock their full trading potential.

1. Bitcoin as a Currency for Investors

Bitcoin has gained significant attention as a potential currency for investors, offering several advantages in the digital economy. One of the key advantages of Bitcoin as a currency is its decentralized nature, operating without the need for intermediaries such as banks or governments. This decentralization gives users greater autonomy over their finances and reduces their dependence on traditional financial systems.

Another advantage of Bitcoin as a currency is its potential to protect against inflation. Unlike traditional fiat currencies, which can be affected by inflationary pressures, Bitcoin has a limited supply. With a maximum cap of 21 million coins, Bitcoin’s scarcity contributes to its value proposition as a hedge against inflationary pressures that can erode the purchasing power of traditional currencies.

Furthermore, Bitcoin holds the potential for global adoption. As a digital currency, it enables seamless cross-border transactions without the need for currency conversions or intermediaries. This feature makes Bitcoin particularly attractive for individuals and businesses engaged in international trade, eliminating the friction associated with traditional payment systems.

However, Bitcoin as a currency also poses certain risks and challenges. One significant challenge is the high volatility and price fluctuations it experiences. The value of Bitcoin can fluctuate dramatically within short periods, making it a risky investment for those seeking stability. Investors considering Bitcoin as a currency must carefully assess their risk tolerance and be prepared for potential losses.

Another concern is the regulatory landscape surrounding Bitcoin. As governments and financial authorities strive to understand and regulate cryptocurrencies, there are legal uncertainties and evolving regulations that can impact the use and acceptance of Bitcoin as a currency. Investors need to stay informed about the changing regulatory environment to make informed decisions regarding the adoption of Bitcoin as a currency.

Security is also a critical consideration when dealing with Bitcoin as a currency. While blockchain technology provides inherent security features, Bitcoin wallets, and exchanges can be vulnerable to hacking and cyber-attacks. Investors must take necessary precautions to secure their Bitcoin holdings and choose reputable platforms for transactions.

Blockchain technology

2. Bitcoin as Stocks for Investors

Another perspective on Bitcoin for investors is to view it as a form of stock or digital assets. While traditionally stocks represent ownership in a company, Bitcoin can be seen as a digital asset that holds investment potential.

One of the similarities between Bitcoin and traditional stocks is the opportunity for investment and potential value appreciation. Bitcoin’s price has experienced significant growth over the years, attracting investors looking for high returns. As more individuals and institutions recognize Bitcoin’s value and potential, its market demand and price may continue to rise.

However, it’s important to note that Bitcoin as a stock also comes with its own set of risks and challenges. The market for cryptocurrencies, including Bitcoin, is highly volatile and subject to sudden price fluctuations. The value of Bitcoin can change dramatically within short periods, making it a speculative investment that requires careful consideration.

Unlike traditional stocks, Bitcoin also lacks regulatory oversight. While this aspect may be appealing to some investors seeking a decentralized and independent investment, it also exposes them to potential market manipulation and fraudulent activities. Without strict regulations and oversight, investors need to be cautious and conduct thorough research before entering the Bitcoin market.

Additionally, the limited understanding and education surrounding Bitcoin and cryptocurrencies pose challenges for investors. The technology behind Bitcoin, such as blockchain, can be complex for individuals unfamiliar with the underlying mechanisms. It’s crucial for investors to educate themselves about Bitcoin, its market dynamics, and the factors that can influence its price movements.

Investing in Bitcoin as a stock requires careful consideration of various factors. Investors should conduct market research and analysis to identify trends and make informed investment decisions. Timing is also critical, as entering the market at the right moment can significantly impact potential returns. Due diligence, risk assessment, and staying informed about regulatory changes and industry developments are essential for managing investments in Bitcoin as stocks.


As the financial landscape continues to evolve, Bitcoin offers unique opportunities as both a currency and a form of stock. Understanding its advantages, risks, and the considerations involved can help investors make informed decisions about incorporating Bitcoin into their investment strategies.

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