To November 2023, GPU mineable coins without ASIC in the network are: Vertcoin, Firo, Flux, Ubiq, Ergo, Ravencoin, Beam, Neoxa, Meowcoin.
How to choose which GPU Mineable Coins to mine?
- The profitability of mining any of these coins can change rapidly based on the coin’s price, total network hashrate, and the efficiency of your mining setup.
- Before diving into mining, always perform a profitability analysis considering electricity costs, hardware costs, and potential rewards.
- You have to mine POW GPU mineable coins without ASIC in their networks.
- Mining can produce a lot of heat and noise and can wear out components if they aren’t properly cared for, so keep that in mind if you’re thinking about running a mining operation in your living space.
- Always keep an eye out for newer projects. The cryptocurrency landscape evolves quickly, and new GPU-friendly coins may emerge.
List of GPU Mineable Coins
Full list of GPU mineable coins without ASIC in their networks. Here you can learn about each coin: what is the maximum supply of the coin, what percentage is already mined, what is the inflation rate in each network, how much GB your GPU must have to be able to mine the coin, what percentage takes developers, the block reward, when is the next halving and what will be the next blog reward.| GPU Mineable Coins | Launch Date | ICO PreMine AirDrop | MAX Supply | % Mined coins of Max Supply | % Block Reward for GPU Miners | % Block Reward for Masternode | % Core Team (% Foundation) | Annual inflation (Daily Update) | Mining Algorithm | Block Time | Initial Rewards per Block | Current Reward per Block | Next Block Reward Halving | Next Reward After Halving | GPU (Video card) | Lightning Network | Smart Contract | Privacy | Website |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vertcoin | January 10, 2014 | No | 84,000,000 | #N/A | 100% | No | No | 3.63% | Verthash | 2.5 minutes | 50 VTC | 12.5 VTC | 12/1/2025 | 6.125 VTC | 2 GB GPU | Yes | No | No | vertcoin.org |
| Firo | October 31, 2014 | No | 21,400,000 | #N/A | 25% | 50% | 25% | 4.03% | FiroPow | 2.5 minutes | 50 FIRO | 12.5 FIRO | 9/1/2024 | 6.125 FIRO | 6 GB GPU | No | No | Yes | firo.org |
| Ubiq | January 26, 2017 | No | ∞ unlimited | ∞ unlimited | 100% | No | No | 1.09% | Dagger Hashimoto | 88 seconds | 8 UBQ | 1.5 UBQ | None | 1.5 UBQ | 3 GB GPU | No | Yes | Yes | ubiqsmart.com |
| Flux | January 28, 2018 | Yes | 440,000,000 | #N/A | 50% | 50% | No | 1.61% | ZelHash | 2 minutes | 150 FLUX | 37.50 FLUX | 8/6/2024 | 37.5 FLUX | 3 GB GPU | No | Yes | No | runonflux.io/ |
| Ravencoin | January 3, 2018 | No | 21,000,000,000 | #N/A | 100% | No | No | 8.67% | KawPow | 1 minute | 5000 RVN | 2500 RVN | 1/1/2026 | 1250 RVN | 3 GB GPU | Yes | No | No | ravencoin.org |
| Beam | January 3, 2019 | No | 262,800,000 | #N/A | 75% | No | 25% (first 5 years) | 8.53% | BeamHashIII | 1 minute | 80 BEAM | 40 BEAM | 1/1/2025 | 25 BEAM | 4 GB GPU | No | Yes | Yes | beam.mw |
| Ergo | July 1, 2019 | No | 97,739,924 | #N/A | 100% | No | 10% (first 2 years) | 18.47% | Autolykos | 2 minutes | 75 ERG | 33 ERG | every 3 months | 30 ERG | 4 GB GPU | No | Yes | No | ergoplatform.org |
| Neoxa | May 19, 2022 | No | 21,000,000,000 | #N/A | 50% | 45% | 5% (first 1 years) | 31.66% | KawPow | 1 minute | 5000 NEOX | 5000 NEOX | 5/1/2026 | 2500 NEOX | 2 GB GPU | No | Yes | No | neoxa.net/ |
| Meowcoin | September 6, 2022 | Yes | 21,000,000,000 | #N/A | 60% | No | 40% | 35.00% | KawPow | 1 minute | 5000 MEOW | 5,000 MEOW | 9/1/2026 | 2500 MEOW | 3 GB GPU | No | No | No | mewccrypto.com |
Vertcoin
Vertcoin is GPU mineable coin and was designed to be a truly decentralized cryptocurrency that can be mined by anyone using GPUs. It emphasizes the importance of being resistant to ASICs to ensure a wide distribution of the mining reward. Vertcoin uses the “Verthash” proof-of-work algorithm, which is ASIC-resistant by design. Vertcoin mining algorithm is like a SPA for your GPU, because is very lite algo and you can mine and game at the same time. Vertcoin has a block time of 2.5 minutes, similar to Litecoin. The block reward undergoes halving, similar to Bitcoin. The maximum supply of Vertcoin is capped at 84 million coins. Vertcoin uses the “Dark Gravity Wave” difficulty adjustment algorithm, which recalibrates the mining difficulty every block. Vertcoin implemented Segregated Witness (SegWit) in 2017 and supports the Lightning Network for scalable off-chain transactions. Vertcoin supports decentralized mining pools using P2Pool, which prevents certain types of attacks and centralization in the mining process. Vertcoin is the best coin to mine with GPU.
Firo
Firo is GPU mineable coin and is a focused on privacy and anonymity. The main goal is to provide enhanced privacy and anonymity for its users through a unique zero-knowledge proof protocol. Firo mining algorithm is FiroPoW and is designed to fully utilize all parts of a GPU and includes a random sequence that changes with every block to enhance resistance against ASIC and FPGA devices. The average block time for Firo is approximately 5 minutes. As with many cryptocurrencies, Firo’s block reward undergoes halving events. The maximum supply of Firo is capped at 21.4 million coins. Firo later introduced the Lelantus privacy protocol, which offered a higher level of privacy without the need for trusted setup, and allowed for direct anonymous payments. Firo incorporates a masternode system that helps support the network, particularly with instant send and chainlocks.
Ubiq
Ubiq is GPU mineable coin that facilitates the creation and implementation of smart contracts and decentralized applications (dApps). The Ubqhash algorithm exhibits certain specifications including a block time of 88 seconds. Initially, Ubiq had a block reward of 8 UBQ, which undergoes a consistent reduction every year and to date is 1.5 UBQ. Unlike some cryptocurrencies, Ubiq doesn’t have a hard-capped maximum supply. As Ubiq originated as a fork of Ethereum, it inherits Ethereum’s capabilities, such as the use of Solidity for smart contract development.
Flux
Flux is GPU mineable coin and has a focus on the development of decentralized applications (dApps) and services on its blockchain. The block time for Flux is 2.5 minutes. The block reward is distributed among miners, node operators, and the Flux development fund. The maximum supply of Flux is 440 million. Flux has a multi-tiered node system, comprising Basic, Super, and Bamf nodes, which require different collateral amounts. FluxOS is the operating system layer that interacts with FluxNodes, enabling computational tasks and dApp deployment. Flux introduced a decentralized 2-Factor Authentication method for added security in its ZelCore wallet.
Ergo
Ergo is GPU mineable coin with platform that prioritizes advanced financial contracts while maintaining a strong emphasis on decentralization and long-term viability. Ergo uses the “Autolykos” proof-of-work algorithm, designed with ASIC resistance in mind. Ergo’s average block time is about 2 minutes. Ergo’s smart contract language, ErgoScript, is a powerful and flexible way to create complex financial contracts. The total supply of ERG (Ergo’s native token) is capped at 97.7 million. Ergo has features like light nodes with NiPoPoW (Non-Interactive Proof of Proof-of-Work) support, enabling users to interact with the blockchain without downloading the full history, promoting decentralization.
Ravencoin
Ravencoin is GPU mineable coin optimized for transferring assets, like tokens, from one holder to another. The coin uses the “KawPow” algorithm, a variant of ProgPoW, to further ensure ASIC resistance and keep mining decentralized. Ravencoin has a block time of 1 minute. The maximum supply of Ravencoin is capped at 21 billion RVN. One of Ravencoin’s standout features is the ability for users to create their own tokens/assets on the platform. Ravencoin allows for the messaging between the holder of an asset and its issuers, providing a mechanism for informing holders of important information related to the asset. Ravencoin enables the creation of voting tokens that can be distributed to holders of a particular asset, facilitating consensus mechanisms or decisions related to the asset.
Beam
Beam is GPU mineable coin and one of the first cryptocurrencies to implement the Mimblewimble protocol, which is designed to improve both privacy and scalability. The block time for Beam is approximately one minute. The total supply of Beam is capped at 262,800,000 coins. Scriptless Script allows for the creation of various types of transactions, like atomic swaps, time-locked transactions, and more. A part of the block reward goes to the Beam Treasury, which is used to fund ongoing development
Neoxa
Neoxa is GPU mineable coin for he gaming industry. Offering a decentralized space for gamers, developers, and miners. Neoxa utilizes the KawPoW mining algorithm. The average block time is 60 seconds. Neoxa’s Play2Earn platform is a notable feature, allowing gamers to earn cryptocurrency while playing. This is achieved through a combination of Proof-of-Work (PoW) and a newly implemented Proof-of-Game (PoG) consensus mechanism. Neoxa also features Smartnodes, specialized nodes on its blockchain network requiring users to lock a specific amount of Neoxa coins as collateral.
Meowcoin
Meowcoin is GPU mineable coin with a unique cryptocurrency initiative that marries blockchain technology with animal welfare advocacy. Supports mining with both Nvidia and AMD graphics cards, thanks to the ASIC-resistant nature of the KawPoW algorithm. Boasts an average block time of around 60 seconds
Factors Influencing GPU Mining Profitability
- If the value of the coin drops, so does the profitability of mining it. Conversely, if the value rises, the profitability increases.
- As more people mine a coin, the difficulty of mining that coin generally increases. This means you receive less reward for the same amount of computational work. Coins with lower competition might be easier to mine initially, but as they gain popularity, their difficulty can spike.
- Electricity Costs is a major factor. In regions where electricity is expensive, even profitable coins might not be worth mining. Conversely, in regions with cheap electricity, even marginally profitable coins might be worth the effort.
- Newer GPUs tend to be more energy-efficient and powerful than older ones. This means they can mine more coins for the same amount of electricity. As GPUs age or become outdated, their efficiency in mining decreases.
- Operational Costs includes costs like cooling (air conditioning, fans), maintenance, and hardware replacements. Overheating is a common issue in mining, and effective cooling solutions can sometimes be expensive.
- High-end GPUs can be expensive. The time it takes to recover the initial investment (ROI) can be long, especially if mining profitability drops.
- Sometimes miners choose some GPU mineable coins, not because it’s immediately profitable, but because they believe in its future potential. They might be willing to operate at a loss now in the hopes that the coin’s value will increase in the future.
- Some GPU mineable coins might eventually see ASIC (Application-Specific Integrated Circuit) development if they become popular enough. When ASICs enter the scene, GPU mining often becomes unprofitable due to the increased efficiency of ASIC miners.
- Changes in algorithms or mining mechanisms is often in crypto word. When Satoshi started Bitcoin, it could be mined with a CPU. Then Bitcoin could be mined with a GPU. Finally, they thought ASIC and it was not profitable to mine Bitcoin with a GPU. Ethereum went from Proof-of-Work to Proof-of-Stake and is no longer mineable.
Remember to do your research before investing in any mining hardware or committing resources to a particular coin. GPU mining can be cost-effective or in some cases some GPU mineable coins not even able to cover the cost of electricity.
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 “GPU Mineable Coins” I analyzed statistics from various reliable sources. Always verified information from the Genesis code.
