💥Cryptocurrencies that you can mine from a computer at home in 2024💥

Although mining bitcoin on a personal computer is no longer viable, there are other cryptocurrencies that you can still mine at home if you are willing to put in the effort.

If the volatility of investing in cryptocurrencies is too high for you but you want to benefit from the new economy, setting up a small mining operation at home can be a good option. Although high returns are mentioned, we warn against “cloud mining,” as all the cryptocurrency cloud mining offers we have seen are scams.

Which cryptocurrency to mine?

The easiest cryptocurrency to mine is one that does not require building a massive mining rig. While it was initially possible to mine Bitcoin using laptops and desktop computers, the increasing difficulty and the emergence of application-specific integrated circuits (ASIC) have made it almost impossible to mine Bitcoin profitably at home using a PC or laptop. However, home mining remains an option for other popular cryptocurrencies in 2023. In this article, we will present several popular options with practical instructions to get started.

Dogecoin (DOGE)

Market capitalization: 21.8B Average daily volume: 2.5B+

Although it was originally based on a meme, Dogecoin (DOGE) was popularized by Elon Musk and has become an altcoin with a substantial user base. DOGE is designed to add new monedas each year, unlike Bitcoin's finite supply. This is an additional advantage for anyone who mines it.

How to mine Dogecoin

To mine DOGE, first make sure you have a wallet to store your earnings. You can download the basic Dogecoin wallet or look for other suitable wallets online on the website. When mining with your CPU, the best software to use is CPU miner. Mining this way is possible, although slow. To increase mining speed, you can use graphics cards. AMD and Nvidia cards are your best options. If you choose GPU mining, the software you should use is cgminer or cudaminer.

Although individual mining is feasible, it is recommended to join a mining pool to leverage greater processing power and speeds, thus generating higher mining returns. An example of a mining pool that supports Dogecoin is MultiPool. Once mined, the exchanges that trade Dogecoin include Gate.

Ethereum Classic (ETC)

Market capitalization: 4.35B Average daily volume: 300M

The main objective of the Ethereum Classic project was to ensure the survival of the original Ethereum blockchain, providing an alternative for those who strongly disapproved of the rescue of the Ethereum DAO and the direction taken by the Ethereum Foundation. Standard Ethereum mining is no longer possible as the Ethereum blockchain switched to a proof-of-stake mechanism in October 2022. This was good news for Ethereum Classic, as the resources previously used to mine ETH can easily be applied to mining ETC.

How to mine Ethereum Classic

Although ETC can be mined with ASIC machines, it can still be mined on desktop computers. Once mined, the exchanges that trade Ethereum Classic include Gate.

Monero (XMR)

Market capitalization: 2.5B Average daily volume: 40M-100M

Monero (XMR) is a popular anonymous digital coin. Furthermore, the network of this altcoin was specifically designed to resist the development of ASICs specific to Monero. Therefore, it is suitable for mining with a home computer.

How to mine Monero

To get started, you first need to download a wallet to store your coins. It is recommended to use the official GUI client for Monero. After that, the next step is to download mining software that supports Monero, such as MultiMiner. MultiMiner is one of the easiest to use, but there are also other mining options available online. Once mined, the exchanges that trade Monero include Gate.

In conclusion, although Bitcoin mining at home is no longer viable, there are still several cryptocurrencies that can be mined with a personal computer in 2024. It is important to carefully research and consider the costs and benefits before starting any home mining operation.