Thursday, December 21, 2017

Top Alternative Crypto-Currencies

What are the best crypto-currencies, besides BitCoin?  I think the alternatives would have these characteristics:  1) be profitable to mine, according to CoinWarz.com or WhatToMine.com, where the profit is at least equal to the estimated electricity cost; 2) Use the SHA-256 or EquiHash algorithms, which are usually the most profitable; and 3) have a coin market cap of at least $10 million (according to coinmarketcap.com), so they have some user base.

Here is the list, sorted by market cap:

  1. BitcoinCash (BCH) $56.3 billion
  2. Bitcoin Gold (BTG) $6.7 billion (equihash)
  3. ZCash (ZEC) $1.8 billion
  4. Digibyte (DGB-SHA) (DGB) $451 million
  5. Peercoin (PPC) $127 million
  6. ZenCash (ZEN) $123 million (equihash)
  7. Curecoin (CURE) $14 million

I'm not saying to buy these.  I think the best way of getting started is to mine them and these would be the best to mine.  There are also ones below the $10 million market cap that are worth watching, like Deutsche eMark (DEM), and TigerCoin (TGC).  Also the CryptoNight algorithm is worth looking at.

I am leery of Ethereum because it keeps getting hacked, and they keep messing with the code to reverse the hacks. Litecoin showed a lot of promise a couple of years ago, and it is still one of the largest by market cap ($16 billion), but it is missing something or is way overpriced.  It is not as profitable as the ones above.

There are over 1000 other alternatives, but these appear to have the best future, in my opinion. List subject to change by the day.

Update:  Here is another one to add to the list.
Hush (HUSH) $18 million (equihash)

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