Since Bitcoin is pretty much old news in today’s world, most people already know that it, just like most other cryptocurrencies, is obtained through a process called mining. The common conception regarding mining is that it’s extremely expensive because it requires massive amounts of electricity and highly specialized rigs and almost not at all profitable.
While it may be true that the mining difficult of Bitcoin is very high, and that Bitcoin mining is nowadays a multibillion-dollar business dedicated to large centralized mining pools with specialized ASICs miners, cryptocurrency mining is far from dead. Quite the opposite, actually.
In this article, we will look at the best cryptocurrencies to mine in 2019, as well as why that’s the case.
What is cryptocurrency mining?
In short, crypto mining is the process of checking transactions to determine if they respect all the specific rules of the network, making them eligible for the addition in the blockchain’s register.
The way it works is straightforward: miners compete…