If you have money to burn, how about investing in 7 most profitable cryptocurrencies and coins to mine in 2017?
Maybe you’ve already been wondering about the best cryptocurrency to mine with CPU, i.e., what is the best currency to mine with your central processor, or maybe you’re not so knowledgeable about cryptocurrencies and coins, but you know a good opportunity when you see it. A recent article by Fortune tells us of a hedge fund billionaire Michael Novogratz made a brave and risky move: he had put 10% of his net worth into digital currencies including Bitcoin and Ethereum. Ingenious or crazy? Remains to be seen. We are all very much aware of the digital age we are living in and how the boundaries are moved every day. The number of companies accepting ethereum is growing every day (read more about Mastercard and the rest in our list of companies and businesses that accept ethereum), though some would say cryptocurrencies and coins are only worth investing if you can do it on a large scale. In the meantime, let’s take a look which would be the most profitable cryptocurrency to mine in 2017.
How many cryptocurrencies are there? Experts in the field are well aware of the fact there are 1175 cryptocurrencies. The number sounds overwhelming, so if you aren’t very well familiar with them, read our article on 10 most popular cryptocurrencies in circulation today, or easiest coins to mine: cryptocurrency mining on a normal computer. Even though they are slowly taking over the world, cryptocurrencies are still somewhat of a novelty, so instead of just going to the mining profitability calculator and listing the ones with the current highest value, we were thinking long term. Consequently, we visited experts in the field: Sagipl, Steemit, A to Z Forex, 99bitcoins, and LiveBitcoinNews to see which currencies are recommended as the most reliable and profitable in 2017. Having completed the list, we eventually had to turn to a kind of a cryptocurrency mining calculator (though not specifically x11 mining calculator) to rank them from the least to the most profitable. We avoided it initially since the market fluctuations are sometimes unpredictable and it is more important how reliable a cryptocurrency is than which exact position it has at the moment. Anyway, for that purpose, we consulted Cryptonetworth and ranked them according to the market cap. Market capitalization ranking shows “a way of measuring the value of a company calculated by multiplying the number of the company’s shares by their price on the stock market.” Economic Times agrees it is one of the most determining factors in deciding whether a venture is worth investing.
What follows is the list of most profitable cryptocurrencies and coins to mine in 2017. You are going to get to know them better through our explanations. Bear in mind the market cap is a value that is being changed on a daily basis.