{"id":1170,"date":"2019-01-20T19:38:57","date_gmt":"2019-01-20T19:38:57","guid":{"rendered":"https:\/\/2miners.com\/blog\/?p=1170"},"modified":"2020-02-25T22:21:51","modified_gmt":"2020-02-25T22:21:51","slug":"best-cryptocurrency-to-mine-with-gpu-in-2019","status":"publish","type":"post","link":"https:\/\/2miners.com\/blog\/best-cryptocurrency-to-mine-with-gpu-in-2019\/","title":{"rendered":"Best Cryptocurrency to Mine with GPU in 2019"},"content":{"rendered":"

The end of last year was hard for cryptocurrencies. The Bitcoin Cash hard fork and ensuing hash war crashed the market, dragging it down to a yearly low. In the first half of December 2018, Ethereum was trading at $85, while Bitcoin was trading at $3,400. The crisis mostly affected miners that were forced offline due to low or nonexistent profits. Since then, exchange rates haven\u2019t changed much, unlike toughened rig<\/a> owners and ASIC<\/a> miners. It\u2019s about time we discussed profitable mining options in 2019.<\/p>\n

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Cryptocurrencies in 2019<\/b><\/h2>\n

First of all, let\u2019s identify what currently characterizes mining. Today, fewer people want to invest in cryptocurrency mining than 6 months ago.<\/p>\n

For example, the current Ethereum<\/a> network hash rate is 190 TH\/s, while the peak value that on August 9th, 2018 reached 295 TH\/s. This means that one-third of the network users stopped mining.<\/p>\n

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After the BCH hard fork in November the cryptocurrency market crashed and most coins reached a yearly low. This allows us to draw two conclusions:<\/p>\n

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  1. People don\u2019t rush into mining for quick cash anymore. Everyone knows that now, it\u2019s impossible to pay off a rig in 3 months, so the segment has become more mature.<\/li>\n
  2. Lately, hash rate has been flat with intermittent plunges, and if this situation continues, hash rate is unlikely to grow. Even if miners try to time the market, they won\u2019t be successful unless the market returns to it\u2019s October values, at a minimum.<\/li>\n<\/ol>\n

    As a result, miners today don\u2019t need to fear increasing competition and increased mining difficulty, while cryptocurrency mining itself doesn\u2019t produce large profits. This is a great opportunity to mine for the future \u2013 forget about getting rich quick and analyze upcoming events and bet your money on one of these coins. Here is the list of our recommendations.<\/p>\n

    Ethereum (ETH)<\/b><\/h2>\n

    Last year Ethereum ceded the second place to XRP and sank to obscenely low level. Nevertheless, the ETH hard fork<\/a> was the highlight of January. However, it has been already postponed for 6 weeks. Constantinople will delay the \u201cdifficulty bomb\u201d and decrease the block reward from 3 to 2 ETH. As a result, there will be less cryptocurrency in the market, which will increase its scarcity. And on the assumption that other factors remain stable, a decrease in supply coupled with stable demand usually leads to an increase in price pressure.<\/p>\n

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    There are more convincing factors too. For example, Joseph Lubin dispelled rumors about ConsenSys having problems, and Commodity Futures Trading Commission has taken a serious interest in the project and its potential.<\/p>\n