Which is the best coin to mine with GPU in 2023?
Vertcoin (VTC) is the best coin to mine with GPU in 2023. Back in 2014, during the GPU cryptocurrency boom, dozens of cryptocurrencies were released every day. After more than 8 years have passed only some of them survived. Many GPU-mined cryptocurrencies are no longer alive and are not maintained by their developers. Below there is a great table with all coins that are mined with the GPU. We have done a full comparison of all GPU mineable coins that are truly ASIC resistant and can only be mined with GPU. After doing a full comparison of all GPU mineable coins we can say that the best coin to mine with GPU is Vertcoin (VTC).
Why Vertcoin is the best cryptocurrency to mine with GPU?
- Vertcoin has no initial coin offering (ICO), no premine and no airdrop – Vertcoin was launched in January 2014 as a fair, decentralized, and ASIC-resistant cryptocurrency, and its launch was not accompanied by any premine, ICO or airdrop (as opposed to Vertcoin, Ethereum and Ethereum Classic has ICO, Flux has Airdrop and Meowcoin has Premine).
- Vertcoin has low and predictable inflation that will reach 0% – Annual Vertcoin inflation is only 4% and decreases by 50% on Vertcoin halving date. The maximum supply of Vertcoin is 84 million coins, which is 4x than the maximum supply of Bitcoin (21 million). The block reward for Vertcoin is currently 12.5 VTC per block, and it is halved approximately every four years (or every 840,000 blocks). This means that the rate of coin issuance will gradually decrease over time, eventually reaching a point where no new coins will be issued and Vertcoin inflation rate will reach 0% (as opposed to Vertcoin, Ubiq has no fixed maximum supply limit and other coins have a maximum money supply of billions of coins).
- Vertcoin mining investment is very low – It is possible to mine Vertcoin using a GPU with 2 GB of memory. The GPU investment is very small or not even needed because nowadays almost every gaming computer has +2GB GPU and can mine Vertcoin (as opposed to Vertcoin, Firo requires a minimum of 6GB GPU, Beam requires a minimum of 4GB GPU, Ethereum Classic requires a minimum of 3GB GPU).
- Vertcoin has no growing DAG file – It is possible that the hardware you use to mine Vertcoin now will remain usable for years to come, depending on the specific hardware and the overall evolution of the Vertcoin network (as opposed to Vertcoin, Ethereum Classic, Ravencoin, Firo, Ubiq, Ergo and Neox have a growing DAG file and over time some GPU with less GB can’t mine more coins and protect the network).
- Vertcoin has the easiest mining software – One click Vertcoin miner is easy to install step by step like any other Windows or Mac program. Vertcoin One Click Miner is the easiest mining software (as opposed to Vertcoin, other coins have complex software or use third-party software with unproven qualities).
- Mine Vertcoin while playing games – Vertcoin can be mined while playing games on PC and maintaining a decent FPS without worrying about burning up your GPU (as opposed to Vertcoin, Ravencoin’s algorithm can burn your GPU because GPU temperatures are very high).
- Vertcoin is energy efficiency – Vertcoin uses the Verthash proof-of-work (PoW) mining algorithm which has the best Energy efficiency. For example one GPU RTX 3090 ti consumes only 250 watts (as opposed to Vertcoin, Ravencoin, Firo, Neoxa, Meowcoin consumes 360 watts, Flux and Ethereum Classic consumes 350 watts, Beam 300 watts with the same video card RTX 3090 ti).
- Vertcoin has an unstoppable development – Vertcoin follows the development of Bitcoin and is constantly updated (as opposed to Vertcoin, Ubiq hasn’t been updated in over a year)
- Vertcoin is capable of millions to billions of transactions – Vertcoin has a Lightning Network just like Bitcoin. Thanks to the Lightning Network, Vertcoin is capable of millions to billions of transactions per second on the network (as opposed to Vertcoin, other coins don’t even talk about the number of transactions per second because they can’t process more than Lightning Network (LN), usually several transactions per second).
- Mine Vertcoin at home using your computer, the way Bitcoin was meant to be.
How to mine Vertcoin with GPU in 2023?
Best cryptocurrency to mine with gpu is Vertcoin, but how to mine Vertcoin at home with my PC and GPU.
- Step 1: Download official Vertcoin One-Click Miner (Github – Vertcoin Miner Latest Release)
- Step 2: Install Vertcoin One-Click Miner
- Step3: Create Password (Do not forget your password)
- Step 4: Start mining Vertcoin.
To write the article – Best coin to mine with GPU 2023 and to make these comparisons I spent more than 20 hours on coins specifications. Happy mining!
Comparison of the best coins to mine with GPU 2023
The best coins to mine with GPU are sorted by creation date.| GPU POW Coins | Launch Date | ICO PreMine AirDrop | MAX Supply | Annual inflation (Daily Update) | Algorithm | Block Time | Initial Rewards per Block | Current Reward per Block | Next Block Reward Halving | Next Reward After Halving | GPU (Video card) | GPU Miners Block Reward | % Masternode | % Core Team (% Foundation) | Lightning Network | Smart Contract | Privacy | Website |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vertcoin | January 10, 2014 | No | 84,000,000 | 3.73% | Verthash | 2.5 minutes | 50 VTC | 12.5 VTC | 12/2025 | 6.125 VTC | 2 GB GPU | 100% | No | No | Yes | No | No | vertcoin.org |
| Firo | October 31, 2014 | No | 21,400,000 | 4.16% | FiroPow | 2.5 minutes | 50 FIRO | 12.5 FIRO | 09/2024 | 6.125 FIRO | 6 GB GPU | 25% | 50% | 25% | No | No | Yes | firo.org |
| Ethereum Classic | July 31, 2015 | Yes | 210,700,000 | 3.33% | Etchash | 13 seconds | 5 ETC | 2.56 ETC | 08/2024 | 2.048 ETC | 3 GB GPU | 100% | No | No | No | Yes | No | ethereumclassic.org |
| Ubiq | January 26, 2017 | No | ∞ unlimited | 1.10% | Dagger Hashimoto | 88 seconds | 8 UBQ | 1.5 UBQ | None | 1.5 UBQ | 2 GB GPU | 100% | No | No | No | Yes | Yes | ubiqsmart.com |
| Flux | January 28, 2018 | Yes | 440,000,000 | 1.63% | ZelHash | 2 minutes | 150 FLUX | 75 FLUX | 03/2023 | 37.5 FLUX | 3 GB GPU | 50% | 50% | No | No | Yes | No | runonflux.io/ |
| Ravencoin | January 3, 2018 | No | 21,000,000,000 | 9.28% | KawPow | 1 minute | 5000 RVN | 2500 RVN | 01/2026 | 1250 RVN | 3 GB GPU | 100% | No | No | Yes | No | No | ravencoin.org |
| Beam | January 3, 2019 | No | 262,800,000 | 14.77% | BeamHashIII | 1 minute | 80 BEAM | 40 BEAM | 1/2025 | 25 BEAM | 4 GB GPU | 75% | No | 25% (first 5 years) | No | Yes | Yes | beam.mw |
| Ergo | July 1, 2019 | No | 97,739,924 | 18.47% | Autolykos | 2 minutes | 75 ERG | 45 ERG | every 3 months | 42 ERG | 3 GB GPU | 100% | No | 10% (first 2 years) | No | Yes | No | ergoplatform.org |
| Neoxa | May 19, 2022 | No | 21,000,000,000 | 41.62% | KawPow | 1 minute | 5000 NEOX | 5000 NEOX | 05/2026 | 2500 NEOX | 2 GB GPU | 50% | 45% | 5% (first 1 years) | No | No | No | neoxa.net/ |
| Meowcoin | September 6, 2022 | Yes | 21,000,000,000 | 47.59% | KawPow | Meowcoin | 5000 MEOW | 5,000 MEOW | 09/2026 | 2500 MEOW | 3 GB GPU | 60% | No | 40% | No | No | No | mewccrypto.com |
- Ethereum Classic – The ASICs are on the Ethereum Classic network. Sad!
- Vertcoin
- Firo
- Flux
- Ubiq
- Ergo
- Ravencoin
- Beam
- Neoxa
- Meowcoin
Why we didn’t report – Privacy and Smart Contracts
- In recent years, we have seen coins with high privacy and anonymous transactions being removed from exchanges. Arguably, this is not a major feature for the word cryptocurrency of the future. You may see posts like these “Bittrex to Delist ‘Privacy Coins’ Monero, Dash and Zcash”
- Smart contracts are great, but for a payment system, they are not a necessity. Will you need them to buy coffee from a nearby coffee shop? Rather, smart contracts are one part of the entire financial system and they do great things.
How we found the best coin to mine with GPU?
We compare the best GPU mineable coins that are ASIC resistant and here you will learn which are the best coin to mine with GPU in 2023. Years ago there were many coins that were mined only with GPUs, but some of them adopted ASICs in their networks and became more centralized. ASICs can make it harder for small miners to compete and can lead to the concentration of mining in the hands of a few large miners. This can make the cryptocurrency less decentralized and more vulnerable to censorship and manipulation. Other coins have even added masternodes and become even more decentralized. In both cases, the investment to buy an ASIC or masternode is huge compared to buying a high-end GPU (even +2GB GPU). In this article we are going to look at all the best GPU mining coins, but which one is the best and takes the top spot?
How works GPU mineable coins?
The coins that are mined with GPU use a proof-of-work (PoW) consensus algorithm, which means that miners are required to perform a certain amount of work in order to validate transactions and add them to the blockchain. Miners are rewarded with a certain number of coins for each block they successfully validate.
Comparison between Vertcoin and other mineable POW coins
The comparison between coins regarding mining is very important.
Why Ethereum Classic is not the best coin to mine with GPU?
Here we will compare some important features between Ethereum Classic and Vertcoin:
- Ethereum Classic has ICO (Vertcoin has no ICO)
- Ethereum Classic is mined with ASICs (Vertcoin is ASIC resistant)
- Ethereum Classic can only process 13 Transaction Per Second (TPS) (Vertcoin can process millions to billions of transactions through the Lightning network)
Why Flux is not the best coin to mine with GPU?
Here we will compare some important features between Flux and Vertcoin:
- Flux is more centralized because it has 50% masternode (Vertcoin has no masternodes and 1 GPU = 1 Vote)
- Flux inflation is nearly 7% (Vertcoin inflation rate is 4%)
- Flux can process 100-80k transaction per second (TPS) (Vertcoin can process millions to billions of transactions through the Lightning network)
Why Ubiq is not the best coin to mine with GPU?
Here we will compare some important features between Ubiq and Vertcoin:
- Ubiq has unlimited max supply (Vertcoin is set to have a max supply of 84 million VTC)
- Ubiq inflation will not reach 0% for the next few hundred years (Vertcoin inflation will reach 0.05% in 2042 and will reach 0% in 2144)
- Ubiq can process only 110 transaction per second (TPS) (Vertcoin can process millions to billions of transactions through the Lightning network)
Why Firo is not the best coin to mine with GPU?
Here we will compare some important features between Firo and Vertcoin:
- Firo requires 6GB GPU for mining (Vertcoin mining requires +2 GB GPU)
- Firo miners get only 25% from Firo mining reward (Vertcoin miners get 100%)
- Firo inflation rate is more than 9% (Vertcoin inflation rate is 4% and will reach 0.05% in 2042)
- Firo can process 56 transaction per second (TPS) (Vertcoin can process millions to billions of transactions through the Lightning network)
Why Ergo is not the best coin to mine with GPU?
Here we will compare some important features between Ergo and Vertcoin:
- Ergo developers receive 10% of the block reward for the first two years (Vertcoin developers are volunteers who don’t receive remuneration)
- Ergo can process 10,000 transaction per second (TPS) (Vertcoin can process millions to billions of transactions through the Lightning network)
Why Ravencoin is not the best coin to mine with GPU?
Here we will compare some important features between Ravencoin and Vertcoin:
- Ravencoin inflation rate is more than 11% (Vertcoin inflation rate is 4% and will reach 0.05% in 2042)
Why Beam is not the best coin to mine with GPU?
Here we will compare some important features between BEAM and Vertcoin
- Beam developers/foundation receive 25% of the block reward for the first 5 years (Vertcoin developers are volunteers who don’t receive remuneration)
- Beam requires 4GB GPU for mining (Vertcoin mining requires +2 GB GPU)
- Beam can process only 17 transaction per second (TPS) (Vertcoin can process millions to billions of transactions through the Lightning network)
Why Neoxa is not the best coin to mine with GPU?
Here we will compare some important features between Neoxa and Vertcoin
- Neoxa inflation rate is more than 160% (Vertcoin inflation rate is 4% and will reach 0.05% in 2042)
- Neoxa developers/foundation receive 5% of the block reward for the first year (Vertcoin developers are volunteers who don’t receive remuneration)
Why Meowcoin is not the best coin to mine with GPU?
Here we will compare some important features between Meowcoin and Vertcoin
- Meowcoin developers/foundation receive 40% of the block reward (Vertcoin developers are volunteers who don’t receive remuneration)
- Meowcoin inflation rate is more than 320 % (Vertcoin inflation rate is 4% and will reach 0.05% in 2042)
Vertcoin (VTC) is the best coin to mine with GPU in 2023. Several advantages of mining Vertcoin are brought to light, such as its ASIC resistance which ensures fair competition among miners, low and predictable inflation rate, minimal hardware requirements, user-friendly mining software, and energy efficiency. The text also juxtaposes Vertcoin with other GPU mineable cryptocurrencies, accentuating its superior attributes like lower inflation, volunteer-based development, and higher transaction capacity facilitated by the Lightning Network. Through a contrasting analysis with other coins like Ethereum Classic, Flux, Ubiq, Firo, Ergo, Ravencoin, Beam, Neoxa, and Meowcoin, the text solidifies Vertcoin’s standing as thebest coin to mine with GPU in 2023. Moreover, a straightforward guide on how to mine Vertcoin using the Vertcoin One-Click Miner is provided for interested miners.
I am a crypto journalist and blockchain expert. I like technology and started reading about bitcoin in 2013. Crypto is my passion and I like to write about cryptocurrencies.
P.S.
When I wrote the article “Best coin to mine with GPU” I analyzed statistics from various reliable sources. Always verified information from the Genesis code.
