Mining coins refer to digital assets obtained through the "mining" process. Mining refers to the process of using specific computer hardware to solve complex mathematical problems to verify blockchain network transactions and record them in new blocks to obtain rewards. The following are some common mining coins:
1. Bitcoin (BTC): Using the SHA-256 algorithm, it is one of the most popular mining coins. Its mining difficulty continues to increase, but the block rewards are generous and the market price is relatively stable, making it the first choice for many miners.
2. Ethereum Classic (ETC): A forked coin of Ethereum that retains the PoW mechanism. Its Ethash algorithm is GPU-friendly, and miners can use existing hardware to mine efficiently.
3. Litecoin (LTC): Known as the "silver coin", it is a supplement to Bitcoin. It uses the Scrypt algorithm, which has faster confirmation time and lower transaction fees. It is suitable for ordinary GPU mining.
4. Dogecoin (DOGE): It attracts retail investors with its unique brand image and low threshold. It uses the Scrypt algorithm, similar to Litecoin, allows GPU mining, and has a high market popularity.
5. Bitcoin Cash (BCH): A fork of Bitcoin, it aims to increase transaction speed and reduce transaction fees. The larger block capacity makes transaction processing faster and cheaper.
6. Monero (XMR): A privacy-focused cryptocurrency. The mining process involves complex encryption technology, which can protect user transaction privacy. The community is highly active and has strong technological innovation capabilities.
7. Zcash (ZEC): It also focuses on privacy and security. The encryption technology in the mining process is complex. The community is active and the technology is constantly innovating.
8. Ethereum Original Chain (ETHW): The original chain forked from Ethereum, adheres to the proof-of-work (PoW) mechanism, maintains the interests of miners, and supports complex decentralized applications (DApps).
9. Ravencoin (RVN): Based on the Bitcoin source code, the algorithm has been transformed (X16R algorithm), combined with Ethereum's coin issuance function, and can be seen as a combination of Bitcoin and Ethereum.
10. DASH: Based on a decentralized peer-to-peer network, it provides a safe and convenient payment method suitable for online transactions and daily life, and performs outstandingly in international remittances.