If you want to start mining cryptocurrencies and you have to do it on a laptop, you should go for some of the easiest cryptocurrencies to mine. And even so, chances of you getting rich out of this are slim. But as long as there’s still a chance and even better, there are nice profits to be made, why not give it a try?
In order to help you achieve that goal, we’ve decided to write today’s article and share with you the best cryptocurrencies that you can mine with your laptop in 2018. And in case you’re still looking for that laptop to do the mining from, we’ve already recommended the best of the best in a previous article – make sure to check it out!
Before we get to the actual list, there are some questions that must be answered, in order to make sure that you understand how this entire mining thing works. I have to do that because, in most cases, mining cryptocurrency with a laptop isn’t really recommended. The competition is huge and there are companies dedicated to mining alone, so a person with a laptop can rarely have an impact.
But if you make the right choices, you’ll do a lot better than others who try to mine cryptocurrencies that will give them no returns in the end. So let’s get this started and let’s find out everything about the easiest cryptocurrencies to mine with your laptop!
CPU vs GPU mining
There are two ways to mine cryptocurrency: by using the CPU (processor’s power) or the GPU (the graphics card’s power). On most occasions, the GPU mining is much better and offers better returns than CPU power. This means that your laptop would require, in most cases, a dedicated graphics card in order to do some solid mining. Any dedicated card is good, but the more recent and powerful, the better.
You can still mine cryptocurrencies without a dedicated card, or by using the CPU only, but your results will be even lower. If you want to get even more into the details and technicalities and learn why the GPU mining is better than CPU mining, you can check out this article on the Bitcoin wiki.
Proof of Work vs Proof of Stake mining
These are two different concepts, used by different coins out there which decide how the mining rewards are offered. Each has its own advantages and disadvantages, but one of them might be better for mining on a laptop – and that is Proof of Stake.
Proof of Work rewards miners based on the mathematical equations solved by their computer. The better the performance, the higher the rewards. But since we’re doing the mining on a laptop, even a top notch one won’t be able to compete with a room full of mining rigs and therefore the rewards will be minimal. You can still get very nice profits if you choose the right PoW coins, though!
Proof of Stake, on the other hand, rewards miners (which are actually called forgers) for owning a stake in the blockchain. This is a lot easier to do, since it is all resumed to simply storing all your coins in a dedicated staking wallet. This requires less electricity and usually gives better returns on lower performing computers and mining rigs, including laptops.
Of course, not all cryptocurrencies are created equal. Some are worth more than others, while some are easier to mine than others. There are a lot of things that you have to consider apart from the type of mining and the method the coin uses to reward its miners. We’ve tried to do all the analysis for you and selected our winners.
But remember: mining is, like most things related to cryptocurrencies today, speculative. If you only have a laptop to do the mining from, it’s best to go for the coins that aren’t already mined by everybody. This gives you a bigger chance at high profits in the future, anticipating big price gains for the coins you mine.
And now that we have a better understanding of the system and how the whole process works, let’s check out below the best cryptocurrency to mine with a laptop in 2018:
Monero is starting to be worth a lot right now and it is still easy to mine on a laptop, using CPU or GPU. The competition is increasing here and I believe it will only go up this year, but it’s still worth trying as it is the best prices coin on our list at the moment and people are making nice money from mining it.
What does Monero do? It is a coin that focuses on decentralizing money transfers and offering privacy and security. This coin is basically untraceable, which is a big bonus for many people out there. It has also been growing steadily since launching in 2014, from $2.50 per coin to a maximum of over $400 per coin in December last year.
DigitalNote is one of the cheaper currencies at the moment – and one of the cheapest that I consider to have a future in the cryptocurrency world. At the moment of writing this article, one coin costs about $0.03, but that’s still a huge increase from its original price of $0.000019 when it launched, and still a long way behind its maximum price in January 2018 – $0.01.
With these in mind, XDN is extremely easy to mine and profits can go up in a short amount of time if it manages to increase its price in the next years. Which could happen, since it has an interesting new take on the cryptocurrency world, offering Blockchain deposits with interest as well as CPU efficient ASIC resistant mining.
We’re moving to another higher priced coin that has its surges and drops in popularity and price. Although highly volatile, it keeps growing on an year to year basis and still delivers some nice returns to those who decide to mine LTC.
Mining this coin is a lot cheaper than mining Bitcoin or other larger coins out there and it’s still one of the best coins to mine even if you don’t have an amazing GPU. Do some testing with this one and you might end up very satisfied with the results, although in terms of speculation, I don’t think it will get massive price spikes this year. Then again, I might be wrong!
DASH, aka Digital Cash, is a really good coin to mine, even though the competition here has increased tremendously recently, mostly because of its huge price gains. One year ago, one coin was selling for $11 and now its price went up to over $700. But even so, it remains a good option when it comes to mining as its price is likely to go up, together with demand.
This digital currency is already used by many stores worldwide and most likely even more will start accepting DASH as a payment method in the future, increasing its price. And if they manage to get a partnership with one really big online store out there, their price can skyrocket, meaning that all the coins you have mined will be worth a lot more.
We’re not moving to lower priced coins as these have the potential of giving the biggest profits in the long term. Because everybody understands that a coin that costs 1 cent will make you way more profits if it gets to $1, instead of one that grows from $100 to $150.
And ETN could be one of those coins! Powered by a mobile app and offering secure, anonymous payments, it has a ton of potential and room to grow and I’m ready to say that it will be one of the bigger coins some day. Very easy to mine at the moment, too! They are also planning to add support for mobile mining soon, which is definitely a thing to look for (and something that might offer it a huge boost in value!)
You’ll like one thing posted on their website if you’re looking into easy ways to mine cryptocurrencies: “Bytecoin algorithms offer no advantage to GPU mining which means that you can mine even with an average office computer. There is no need in buying ASIC devices.”
Although this is clearly one to look for in the future as its current price is very low, it has a pretty active community and there are hopes that we’ll see some good products launched on their platform soon. Nothing to really write home about right now, even though we’re talking about almost instant transactions that are secure, private and with low fees.
A very good coin that could really make it big if it manages to get approved by the big social networks out there. Because that is what it’s considered: a social coin for tipping users, as well as sending or receiving money. They already have bots that work well on Twitter, Twich or Reddit, but hopefully there will be some official partnerships to boost the coin’s value.
Until that happens, though, you can start mining and enjoy the increase in price when it happens. If it happens – as there’s always the risk it will never go higher than it is currently, which is still highly unlikely.
At the moment of writing this article, JSE Coin is the easiest coin to mine and a truly revolutionary one, that is. The fact that makes JSEcoin so unique is the fact that you mine it with your browser! So even if you have a laptop with very low stats, you can still do some solid mining here and it’s definitely worth trying.
I’ve been personally mining this one for a long while now and I have a lot of faith in this coin. Faith is all that I’m basing my recommendation right now, as this coin hasn’t made it to exchanges yet, so we don’t really know what will it worth when it does. However, since it’s so extremely easy to use and uses almost no extra energy to mine, it must be considered.
What JSE Coin plans to do is to offer websites and blogs worldwide an alternative method of earning money from their visitors, without bombarding them with banner ads, pop-ups and such. A really solid idea that could change the way websites work and operate if done right.
You can check out JSECoin here – all you have to do is register an account and start mining afterwards, from your browser. Easy-peasy!
These would be our recommendations at the moment. Basically, going for any type of low value coin could reward you in the future if the said coin’s price records a massive spike. It is doable, but it’s also a risk – so if you want to play it safe, you should go for the coins that are already sold at higher prices.
And if you’re looking for even more coins that have the potential to make it big this year, make sure to check out our list of the best cryptocurrencies to buy in 2018.
Please note: All the advice in this article is a personal opinion and shouldn’t be taken as financial advice. You are the only one responsible for the choices you make.