When deciding which cryptocurrency to mine, you most likely choose it in consideration of expected profits, hash rate, mining difficulty, hardware requirements and other factors.
If new to cryptocurrencies, hash rate is used for every currency that is proof of work. It is a measure of how much power the network is consuming to be continuously functional to generate power.
Difficulty changes and so do the target hash of a block's header. To successfully mine a block, the miner will need to hash the header in such a way that the hash is less than or equal to the target. For instance, a target could be that the SHA-256 hash of a block’s header must be a 256-bit alphanumeric string, and must start with 18 zeros. That will change when difficulty changes after a given number of blocks.
Here are top 10 cryptocurrencies to mine according to expected profits per each day.
1. Ethereum (ETH)
With a network hash rate of 226.20 TH/s and the block reward is 3, the estimated coins you can mine in a day is around 0.0101 ETH. This adds to about $8.65 or $7.21 per day depending on the exchange rates. About $1.44 goes to electricity.
Mining ETH can therefore earn you a single BTC in 969.20 days.
2. Ethereum Classic (ETC)
Ethereum Classic will earn you about $6.90 or $5.46 and about $1.44 for electricity in a single day of 24 hours. In other words, you get 0.3265/0.3265 ETC in a day. It means you can get a Bitcoin in around 1,215 days. This is using a mining hash rate of 8.17 TH/s and block reward of 4.
ETC has a block time of 15 seconds just same as ETH.
3. ZClassic (ZCL)
ZClassic (ZCL) has a block reward of 12.50 and its average block time (time to create a single block) is around 2.50 minutes. Mining ZClassic will earn you about 0.0728/0.0786 coins or $5.39 per 24 hours after subtracting electricity costs. It means you earn a Bitcoin in 1,227 days.
4. Bitcoin Gold (BTG)
You can earn around 0.0556/0.0609 Bitcoin Gold (BTG) per day mining. This converts to around $4.80 after subtracting electricity costs. This is when using a hash rate of around 42.40 MH/s. The block reward is 12.50 block time is 10.00 minutes. At that rate, it takes about 1,344 days to earn a single Bitcoin.
5. ZenCash (ZEN)
ZenCash (ZEN) has a block reward of 11.00 and the block time is 2.50 minutes. You can earn around $4.23 per 24 hours after subtracting electricity costs, meaning you get around 0.1573/0.1872 ZENs in a day or a single Bitcoin in 1,478 days.
6. Zcash (ZEC)
Mining ZEC earns you around $3.52 per day or 0.0143/0.0159 ZECs at a network hash rate of 417.66 MH/s and block time of 2.50 minutes. It means you get a single BTC in 1,689 days.
7. Quark (QRK)
With a network hash rate of 7.39GH/s, block reward of 1 and block time of 30 seconds, mining Quark (QRK) earns you $2.28 in a day of 24 hours or about 197.0323 /
163.3559 QRKs. It means you get a single BTC in 3,406 days.
8. BitcoinCash (BCH)
Bitcoin Cash (BCH) mining earns you around $2.00 in 24 hours with a network hash rate of 2,379.23 PH/s, block reward of 12.50 and block time of 10 minutes.
In actuality, you will earn around $8.24, but spend $6.24 for electricity.
9. Monero (XMR)
Monero has an average block time of 2 minutes and block reward of 5.37 and you can get around 0.0140/0.0141 XMR in 24 hours or around $1.63.
10. Bitcoin (BTC)
Bitcoin (BTC) mining will earn you around $1.42 after subtracting electricity costs. This means you can expect to earn around $7.66 per day, but spend around $6.24 a dayfor electricity.
This converts to around 0.0009/0.0009 Bitcoins per day when using a hash rate of 26,206.39. The block time then works out to being around 10 minutes, with the block reward being 12.50.