AltcoinsBOX.com - Crypto Logos, Halving, Inflation and News
No Result
View All Result
bitcoin

Bitcoin (BTC)

$ 117,572.000.89
  • Bitcoin News
  • Crypto Halving Dates – Calendar
  • Cryptocurrency Inflation Rates
  • Crypto Logos
  • Crypto Discords
  • Cryptocurrency Prices Live
  • Bitcoin News
  • Crypto Halving Dates – Calendar
  • Cryptocurrency Inflation Rates
  • Crypto Logos
  • Crypto Discords
  • Cryptocurrency Prices Live
No Result
View All Result
AltcoinsBOX.com – Crypto Logos, Halving Dates, Inflation and News
No Result
View All Result
ledger-nano-s-plus
Home Crypto Mining

GPU Mineable Coins

October 29, 2023
in Crypto Mining
Reading Time: 5 mins read
A A

On this page:

Toggle
  • How to choose which GPU Mineable Coins to mine?
  • List of GPU Mineable Coins
    • Vertcoin
    • Firo
    • Ubiq
    • Flux
    • Ergo
    • Ravencoin
    • Beam
    • Neoxa
    • Meowcoin
  • Factors Influencing GPU Mining Profitability

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 CoinsLaunch DateICO
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 AlgorithmBlock TimeInitial Rewards
per Block
Current Reward
per Block
Next Block
Reward Halving
Next Reward
After Halving
GPU (Video card)Lightning
Network
Smart ContractPrivacyWebsite
VertcoinJanuary 10, 2014No84,000,000#N/A100%NoNo3.63%Verthash2.5 minutes50 VTC12.5 VTC12/1/20256.125 VTC2 GB GPUYesNoNovertcoin.org
FiroOctober 31, 2014No21,400,000#N/A25%50%25%4.03%FiroPow2.5 minutes50 FIRO12.5 FIRO9/1/20246.125 FIRO6 GB GPUNoNoYesfiro.org
UbiqJanuary 26, 2017No∞ unlimited∞ unlimited100%NoNo1.09%Dagger Hashimoto88 seconds8 UBQ1.5 UBQNone1.5 UBQ3 GB GPUNoYesYesubiqsmart.com
FluxJanuary 28, 2018Yes440,000,000#N/A50%50%No1.61%ZelHash2 minutes150 FLUX37.50 FLUX8/6/202437.5 FLUX3 GB GPUNoYesNorunonflux.io/
RavencoinJanuary 3, 2018No21,000,000,000#N/A100%NoNo8.67%KawPow1 minute5000 RVN2500 RVN1/1/20261250 RVN3 GB GPUYesNoNoravencoin.org
BeamJanuary 3, 2019No262,800,000#N/A75%No25% (first 5 years)8.53%BeamHashIII1 minute80 BEAM40 BEAM1/1/202525 BEAM4 GB GPUNoYesYesbeam.mw
ErgoJuly 1, 2019No97,739,924#N/A100%No10% (first 2 years)18.47%Autolykos2 minutes75 ERG33 ERGevery 3 months30 ERG4 GB GPUNoYesNoergoplatform.org
NeoxaMay 19, 2022No21,000,000,000#N/A50%45%5% (first 1 years)31.66%KawPow1 minute5000 NEOX5000 NEOX5/1/20262500 NEOX2 GB GPUNoYesNoneoxa.net/
MeowcoinSeptember 6, 2022Yes21,000,000,000#N/A60%No40%35.00%KawPow1 minute5000 MEOW5,000 MEOW9/1/20262500 MEOW3 GB GPUNoNoNomewccrypto.com
GPU mineable coins
Photo of a computer mining rig with multiple GPUs, displaying GPU mineable coins on the monitor.

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.

Vincent Pelosi
Vincent Pelosi

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.

Related posts:

  1. Best coin to mine with GPU
  2. Vertcoin GPU Hashrate Mining Calculator
  3. Firo GPU Hashrate Mining Calculator
  4. Flux GPU Hashrate Mining Calculator
  5. Nexa GPU Hashrate Mining Calculator
Tweet35Share56ShareShareSend
Previous Post

What is Halving in Crypto?

Next Post

Should I buy Bitcoin now?

Related Posts

Is Bitcoin Mining Legal?
Crypto Mining

Is Bitcoin Mining Legal?

October 29, 2023
896
nexa gpu hashrate
Crypto Mining

Nexa GPU Hashrate Mining Calculator

February 14, 2023
1.3k
Flux GPU Hashrate Mining Calculator
Crypto Mining

Flux GPU Hashrate Mining Calculator

February 13, 2023
392
rtx 4080 hashrate
Crypto Mining

RTX 4080 Hashrate

February 13, 2023
796
Next Post
Should I buy Bitcoin now

Should I buy Bitcoin now?

bitcoin genesis block 0

Bitcoin Genesis Block

About Us

AltcoinsBOX love cryptocurrency and our team are here to bring you professional altcoins news, crypto logos, halving dates, crypto calendar and cryptocurrency inflation. We focus on code, because the code is law in the crypto world. We believe that we should write crypto news only about worthy projects with a clear vision that solve people's problems in this inflationary world.

Categories

AltcoinsBOX on Social Media

Get In Touch

  • About us
  • Contact
  • Contributors
  • Advertise

Transparency

  • Privacy Policy
  • Terms Of Use
  • Sitemap
This work by AltcoinsBOX is licensed under a Creative Commons attribution-NonCommercial 4.0 international license

© 2022 - 2023 All rights reserved AltcoinsBOX

No Result
View All Result
  • Bitcoin News
  • Crypto Halving Dates – Calendar
  • Cryptocurrency Inflation Rates
  • Crypto Logos
  • Crypto Discords
  • Cryptocurrency Prices Live

© 2022 - 2023 All rights reserved AltcoinsBOX

X