Cryptocurrency has become a lucrative hobby for tech enthusiasts around the globe. With hundreds of cryptocurrencies available, each with its own market values and reward systems, it’s no surprise that people see crypto as a new entrepreneurial frontier. Of course, if you’re just starting your crypto journey, these digital currencies may overwhelm you. Read this guide on the three best cryptocurrencies worth mining in 2022 to help.
At this point in time, you’ve probably heard the term “Bitcoin” used at some point—whether it’s the Federal government making Bitcoin an official currency or the hype and media attention surrounding its cult following. Either way, there’s a good reason it’s raked up such a large spotlight. Bitcoin is one of the most prolific cryptocurrencies on the market. It has one of the largest crypto demands to date, with a significant profit margin to boost. It is currently valued at $20,696 at the time of this writing. With a limited number of tokens available, there will always be demand for Bitcoin in the near future.
Ethereum is another one of the three cryptocurrencies worth mining in 2022. Like Bitcoin, Ethereum is one of the highest-valued cryptocurrencies to date. It sits just behind Bitcoin with a value of $1,618, with an increase of 27 points at the time of writing. Ethereum is best for long-term miners due to its wide use in decentralized applications. Keep in mind that if you’re interested in mining Ethereum, you must understand the proper steps on how to start. GPU miners are best used to Ethereum, given that you can diversify your mining operations to stabilize your proof-of-work blockchain technology.
Finally, don’t forget about Litecoin. Litecoin is one of the best cryptocurrencies to mine in a mining pool. It rewards in minutes compared to other cryptocurrencies based on open-source cryptography and decentralized ledger. It’s best to use an ASIC miner for Litecoin with the help of pre-installed mining software. Litecoin’s current value sits at $55, but keep in mind that Litecoin rewards half of its value in 4 years.