Abiky (OP)
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August 01, 2018, 07:09:24 PM |
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Considering that ASICs have taken the lead over most cryptocurrencies' mining process, only a few have remained ASIC-resistant where they could only be mined with a GPU, and in some cases, with a CPU. As such, I'm looking for CPU only coins which are worth mining nowadays. I know that CPU mining is not as great as it used to be, but it would still be a fun and rewarding task to do as a hobby. Therefore, which are the hottest CPU coins to mine right now? I would like to know your opinions and recommendations about this. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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FrozenChaos
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August 01, 2018, 07:19:37 PM |
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Probably Verus at the moment given that the early tests of GPU mining don't seem to show sufficient advantage over CPU miners, plus limitations on bandwidth from risers also curbs many of the large GPU farms.
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shield132
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August 01, 2018, 09:18:12 PM |
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I amn't fan of CPU mining and everyone here prefers GPU or asic. As far as I know Monero is profitable for cpu mining but everything depends on cpu also, which model it is and etc. Even if we not talk about which coin is more profitable, just see nicehash profitability calculator, they really give you great profit, difference would be very, very low with actual coin mining and mining on nicehash. From their stats, CPUs aren't profitable, they can't mine more than 30USD in month.
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vuli1
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August 02, 2018, 03:15:06 PM |
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limitations on bandwidth from risers also curbs many of the large GPU farms.
you kidding, what are you talking about? bandwidth of pci-e 1x will be enough for mining unit our generation die. does the gpu mine faster if it is in x16 or in x1? No. and when you are out of pci-e lanes, I bet that gou aint going to mine.
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FrozenChaos
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August 02, 2018, 08:09:53 PM |
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limitations on bandwidth from risers also curbs many of the large GPU farms.
you kidding, what are you talking about? bandwidth of pci-e 1x will be enough for mining unit our generation die. does the gpu mine faster if it is in x16 or in x1? No. and when you are out of pci-e lanes, I bet that gou aint going to mine. You clearly have no idea what Verushash is and are blindly applying logic of other algos. Try hard and use that little brain of yours to reread what I originally posted instead of haphazardly taking things out of context.
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Abiky (OP)
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August 02, 2018, 08:27:45 PM |
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Probably Verus at the moment given that the early tests of GPU mining don't seem to show sufficient advantage over CPU miners, plus limitations on bandwidth from risers also curbs many of the large GPU farms.
Verus is a new coin for me, and looks quite interesting IMO. I'm surprised to see that this altcoin is not listed yet on Coinmarketcap, as well as big and popular exchanges. It's only listed on a single exchange with very low trading volume which shows that there is not much interest from people into acquiring the coin after all. Still, it looks like it's easy to mine on a CPU, but lack of trades on the market, will make it worthless in the long term unless the community and development team decides to promote the coin for adding it into other exchanges. Nevertheless, I'll be mining on hodling this coin just in case it skyrockets in value within the future. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I amn't fan of CPU mining and everyone here prefers GPU or asic. As far as I know Monero is profitable for cpu mining but everything depends on cpu also, which model it is and etc. Even if we not talk about which coin is more profitable, just see nicehash profitability calculator, they really give you great profit, difference would be very, very low with actual coin mining and mining on nicehash. From their stats, CPUs aren't profitable, they can't mine more than 30USD in month.
Thanks for the tip. I know that CPUs aren't that profitable at all, but they're a great entry point for any average person looking to get into mining cryptocurrencies without much effort. Nowadays, GPUs and ASICs are highly expensive and sometimes inaccessible by an average person. That's why, I believe that CPU-based coins are much more decentralized than those which are mineable by GPUs only or even ASICs. I'm only looking for coins which have not been abandoned by its dev or community, which are easily mineable by a CPU. Right now, I only have 2 on the list which are Magi, and Verus, but there could be a lot more which are popular and highly supported by people in crypto land. One thing that I'm looking forward to is the emergence of an altcoin that uses Cyckoo Cycle for its PoW consensus. It is said that coins with such feature, can be easily mined on any device, including smartphones and tablets. According to my knowledge, aeternity will become such coin, but it hasn't launched its mainnet yet (it's only an ERC-20 token in the moment). Nevertheless, maybe as time passes by, we would be able to see new cryptocurrencies which are easily mineable with a CPU, further decentralizing the mining process as it would be open to anyone around the world. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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shield132
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August 02, 2018, 10:09:57 PM |
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I amn't fan of CPU mining and everyone here prefers GPU or asic. As far as I know Monero is profitable for cpu mining but everything depends on cpu also, which model it is and etc. Even if we not talk about which coin is more profitable, just see nicehash profitability calculator, they really give you great profit, difference would be very, very low with actual coin mining and mining on nicehash. From their stats, CPUs aren't profitable, they can't mine more than 30USD in month.
Thanks for the tip. I know that CPUs aren't that profitable at all, but they're a great entry point for any average person looking to get into mining cryptocurrencies without much effort. Nowadays, GPUs and ASICs are highly expensive and sometimes inaccessible by an average person. That's why, I believe that CPU-based coins are much more decentralized than those which are mineable by GPUs only or even ASICs. I'm only looking for coins which have not been abandoned by its dev or community, which are easily mineable by a CPU. Right now, I only have 2 on the list which are Magi, and Verus, but there could be a lot more which are popular and highly supported by people in crypto land. One thing that I'm looking forward to is the emergence of an altcoin that uses Cyckoo Cycle for its PoW consensus. It is said that coins with such feature, can be easily mined on any device, including smartphones and tablets. According to my knowledge, aeternity will become such coin, but it hasn't launched its mainnet yet (it's only an ERC-20 token in the moment). Nevertheless, maybe as time passes by, we would be able to see new cryptocurrencies which are easily mineable with a CPU, further decentralizing the mining process as it would be open to anyone around the world. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) You have to consider that for mining you need great cpu which is pretty expensive too. At some point I agree you, CPU mineable coins are more decentralized. If we consider this fact too, then I would mine Monero with CPU. Personally I see big future in this coin because it's more anonymous compared to any current active coin and easily exchangeable too.
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togoshigekata
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August 05, 2018, 11:21:12 PM Last edit: April 06, 2019, 08:06:02 PM by togoshigekata |
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Abiky (OP)
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August 06, 2018, 05:45:37 PM |
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You have to consider that for mining you need great cpu which is pretty expensive too. At some point I agree you, CPU mineable coins are more decentralized. If we consider this fact too, then I would mine Monero with CPU. Personally I see big future in this coin because it's more anonymous compared to any current active coin and easily exchangeable too.
Yes. Luckily, I have a powerful 6th generation Intel Core i5 CPU which performs nicely on my PC. I haven't tried mining Monero with it yet, but I think that I could obtain good results doing so (although it is best to mine XMR with GPUs). However, I believe that CPU mineable coins will be the future of cryptocurrency if there's enough interest from people in the mainstream world. Monero has a big future, since it can be mined by a CPU or a GPU while maintaining ASIC resistance. And it's one of my favorite cryptocurrencies too. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Nice. I didn't think about this mining algorithm earlier. While these coins are not well-known in the crypto space, they could be hidden gems waiting for someone to mine them, to reap the rewards at a later point in time. Aside from the CPU coins you've mentioned earlier, I've found out that Hodlcoin is CPU mineable too, and it provides you with the ability to "HODL" your coins in fixed terms up to 12 Months or 1 Year. If you make a fixed deposit of your Hodlcoins for a year, then the rewards will be bigger. Hence, Hodlcoin might be worth mining after all. Lastly, Magi (XMG) and Cryply (CRP) are CPU-only coins and are easily mineable within any device. The first one, is a hybrid PoW/PoS coin with an outstanding community and developer, which is worth mining these days. However, the latter one (CRP) is not listed on Coinmarketcap yet since it's relatively new, but it has a great development team behind it, and a very nice user-friendly miner for newbies. Nonetheless, I'm on the hunt for new and promising coins that are easily mineable with a CPU. I’ll appreciate if someone could keep me up-to-date with this ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Awesome. I'll add this one to my CPU-only coins to mine. Thanks for sharing! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Abiky (OP)
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February 01, 2019, 06:00:11 PM |
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Thanks, mate. This is highly appreciated. Glad to know that there are new coins being released with the aim to be easily mineable with a CPU. For years, GPUs and ASICs have dominated the crypto space, but CPU mining has been left behind. I believe that mining only with CPUs would greatly contribute towards a more decentralized blockchain infrastructure. Speaking of CPU mining, I've heard that Cyckoo cycle cryptocurrencies can be easily mined by any device. New cryptocurrencies such as aeternity and Grin will make use of Cyckoo cycle for CPU mining. On the other hand, there's Magi (XMG) which has a unique PoW algorithm not available in any other cryptocurrency (as far as I'm aware) which is super easy to mine with a CPU. The cryptocurrency discourages big miners from obtaining greater rewards, by simply reducing the network's block reward. Hence, the bigger the hashrate on the network, the lower the reward will be, making this a unique CPU coin. Nonetheless, I wish that more CPU-only coins would emerge so that any average Joe could get into mining without much effort. But it would all depend on people's adoption within the mainstream world. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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maxfunky
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February 02, 2019, 05:26:45 PM |
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Hi! Do you guys know of a updated cpuminer with support for SOCKS proxy (-x in cpuminer) ? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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impynick
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February 03, 2019, 08:08:23 AM |
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I love how no one is saying turtle ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Abiky (OP)
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February 07, 2019, 10:16:50 PM |
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I love how no one is saying turtle ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you mean Turtlecoin, then I guess no one has mentioned it because it's relatively new to the market. Upon reviewing its technical specs, I've found it to be a nice alternative to many CryptoNote coins like Monero and Bytecoin. The newly proposed CryptoNote Soft Shell PoW Algorithm by the Turtlecoin dev team, shows that the cryptocurrency has active development and innovation. It's a very undervalued cryptocurrency with low difficulty (compared with leading CryptoNote coins). While CryptoNote is not CPU-only, the new CryptoNote Soft Shell PoW Algorithm seems to be like so. Basically, any ASIC-resistant PoW algorithm can be easily mined with a CPU, unless the difficulty is too high. Because most CPU coins (except for Magi) can be mined also with GPUs, it increases the barrier of entry for any average Joe looking to get into mining. Nonetheless, I believe that the hottest CPU-only coins to mine right now are Turtlecoin (TRTL), Magi (XMG), Hodlcoin (HODL), Monacoin (MONA), and Vertcoin (VTC). ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Iamtutut
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February 12, 2019, 03:14:13 PM |
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Turtlecoin has never been a CPU only minable coin, still is not. You can GPU mine it. Currently I'm CPU + GPU mining it. It's more than a year old, devs are very active, >400 forks and counting.
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TimeTeller
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February 12, 2019, 10:48:57 PM |
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Thanks for the link. Looking for such list as I'm looking for coins dedicated for cpu mining only. Maybe I can find profitable coins from the list. Back reading the comments in this section to check what they have in mind also. The energy consumption of gpu miners in my area is pretty expensive. Stopped gpu mining for so long already.
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Abiky (OP)
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February 15, 2019, 06:17:57 PM |
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Turtlecoin has never been a CPU only minable coin, still is not. You can GPU mine it. Currently I'm CPU + GPU mining it. It's more than a year old, devs are very active, >400 forks and counting.
Well, that sucks. While GPU mining is great for those who have high-end graphic cards, it's not suitable for the average person. CPU mining is much more accessible to anyone around the world, resulting beneficial towards the decentralization of any cryptocurrency. Upon researching different PoW coins, I've concluded that only two mining algorithms are easily mined with CPUs than GPUs or even ASICS. Such algorithms are M7M and yescrypt. Magi uses the M7M algorithm for mining, which it's extremely easy to mine with any CPU. On the other hand, we've got Cryply (CRP) which uses yescrypt and it's highly accessible by average CPUs. The most interesting one is Magi, since it has a mechanism that lowers the block reward the higher the hashrate on its blockchain network. Additional security against 51% attacks is implemented, via the use of PoS. With Magi's unique algorithm, big miners cannot join the network resulting in greater decentralization by giving the power back to the small miners or the average person. Nonetheless, I believe that the hottest CPU-only coins to mine right now would be Magi, Cryply, and Hodlcoin. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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