Best Crypto To Mine in 2024: BlockDAG, Bitcoin, Monero, Litecoin, Dogecoin & Ethereum Classic

Various investors are seeking new ways to make money, and mining crypto is one of them. This article explores the best crypto to mine in 2024. We begin with BlockDAG, a pioneering force among the contenders, capturing attention with its recent keynote 2, elaborating on remarkable advancements and fueling presale success to hit $49.2 million.

BlockDAG’s eco-friendly technology and innovative features have captivated investors and miners alike. Additionally, we explore current trends and challenges in Bitcoin, Monero, Litecoin, Dogecoin, and Ethereum Classic mining, offering a comprehensive view of the future.

1. BlockDAG Keynote 2: Revolutionising Crypto Mining

BlockDAG’s Keynote 2 Significantly influenced its presale success, driving an 1120% price surge and an accumulation of $49.2 million in presale. The keynote introduced the X1 Miner App, provided updates on the blockchain, and outlined global marketing strategies, boosting investor confidence.

BlockDAG’s price surged from 0.001 to 0.0122 by batch 18. The keynote, launched from the moon, highlighted the imminent mainnet launch and over 50 development updates, emphasizing scalability and security improvements through Directed Acyclic Graph (DAG) implementation.

New payment methods, including USDT, Ethereum, and BNB, were introduced to facilitate broader participation. The beta version of the X1 Miner App is now available on Android and iOS, allowing users to mine 20 BDAG with a few taps.

BlockDAG sold over 7,675 mining rigs, generating $3.3 million. Starting with the X10 model, which mines up to 200 BDAG daily with only 40 watts; the X30 mines 600 BDAG daily at 220 watts; and the X100, with a 2 TH/s hash rate, mines up to 2,000 BDAG daily. These rigs offer peak profitability for professional miners, making BlockDAG the best crypto to mine in 2024.

2. Rising Bitcoin Miner Capitulation & Market Outlook

Bitcoin miner capitulation is on the rise, with significant over-the-counter (OTC) transactions indicating miners are opting for discreet sales.

The surge in Bitcoin transfers to OTC desks suggests miners might prepare for more sales due to potential price drops or immediate cash needs.

This trend follows recent halving events, which have caused many miners to struggle with profitability.

Despite these challenges, Bitcoin remains resilient, oscillating within a defined range and maintaining crucial support levels, highlighting its status as one of the best cryptos to mine in 2024.

3. Rapid Spread of Monero-Mining ADB.Miner Malware on Android Devices

Security researchers have discovered new malicious mining software targeting Google’s Android operating system—the ADB. Miner malware has infected over 7,000 devices in China within days, exploiting their processing power to mine Monero.

Cybersecurity researchers reported that the malware spreads via port 5555, typically opened by an ADB debug tool. Once infected, it scans for open ports on other Android devices, enabling further spread.

Monero’s anonymous and encrypted blockchain makes it attractive to cybercriminals. However, this incident highlights that Monero is not the best crypto to mine in 2024 due to the associated security risks.

4. Understanding Litecoin (LTC) Mining

Litecoin mining involves validating transactions on the Litecoin blockchain, using computational power to solve cryptographic puzzles. Miners receive rewards for generating a solution equal to or less than the network target. Similar to Bitcoin, Litecoin can be mined with CPUs, GPUs, or more efficiently with ASICs in mining pools.

5. Dogecoin (DOGE) Mining

Dogecoin mining involves validating and adding transactions to the blockchain. Miners are rewarded with new Dogecoins for each successfully mined block. Miners earn 10,000 DOGE per block, creating a potential income source while supporting network security.

6. Ethereum Classic’s Future Viability in Question

Despite a recent price surge, a new report suggests that Ethereum Classic lacks long-term viability. Post-transition, Ethereum-based mining tools will become nearly obsolete, pushing miners to sell equipment or switch to Ethereum Classic. However, the significant gap in profitability and low network usage indicate that Ethereum Classic is not the best crypto to mine in 2024. The network has fewer active addresses and development compared to other major cryptocurrencies.

Key Takeaways

If you want to score extra income, BlockDAG provides the perfect solution with its groundbreaking technology and eco-conscious approach, making it the best crypto to mine in 2024. Its impressive $49.2 million presale and enthusiastic investor response highlight its potential. While challenges persist for Bitcoin, Monero, Litecoin, Dogecoin, and Ethereum Classic, the future of mining looks promising, with BlockDAG leading the charge toward a more efficient and profitable era.