Top 15 Coins for mining according to their profitability

Neutral Top 15 Coins for mining according to their profitability

The advancements in the cryptocurrency domain have resulted in volatility, as emerging cryptocurrencies affect the former ones. To combat these fluctuations, some kind of initiative has to be taken which indirectly resulted in an outcome of the stable coins. They tend to provide some kind of stability within the Crypto market as other cryptocurrencies fluctuate it. It has also been quite popular due to its various other advantages apart from providing stability to the market. That cryptocurrencies fluctuate by more than 20% in a single day, which makes it highly difficult for it to be considered as a store of value and hence a democratized currency.

Why do we need stable coins in the first place?

The stable coins were introduced to the cryptocurrency domain, to provide a stable cryptocurrency for more accessible storage and transfers without any risk of price slippages. It even provided a great convenience to the users, who had to forcibly convert their cryptocurrency funds into the Fiat currency and transfer it out of the exchange, in order to keep it safely, but after the advent of stable coins they are easily able to store it in their hardware Wallets, without the intervention of banks. In a nutshell, the stable coins add to the development of cryptocurrencies in completely eradicating centralized institutions from finance.

Let us unveil, some of the most popular stable coins in the Crypto market.

Tether (USDT)

This particular stable coin was the pioneer in its field, and also known as USDT. The token is quite popular in the Crypto space with most of the exchanges supporting it. With millions of tokens released by the concerned authority at regular intervals, leads everyone to suspect that the respective amounts of US dollars are not being deposited as a collateral. The token value is connected with that of 1 USD, but the catch is that the organization hasn't officially audited its reserves.

Another popular crypto coin is Digix, whose price is pegged to 1gm of Gold. This is the gold counterpart of USDT. However, as the price of gold changes, it would be reflected Digix too. Therefore, it's not a convenient option for the people who are looking for stability concerning any Fiat. However, the gold standard has also become outdated in the various financial economy.

Initially developed by Maker DAO, this particular stable coin is backed by Ethereum, but its value is associated with that of USD. The exciting part about such crypto backed stable coins is that the backed funds itself are highly volatile. As a result, to counteract with the fluctuations, excess reserves are utilized.

This particular stable coin utilizes the Tokens as its collateral. The Haven Tokens are used by the Havven platform which manages everything. The fluctuations are balanced through the staking of the Haven tokens.

Basis and Saga

These are two of the most interesting stable coins, as no collateral backs their existence. The former one is pegged to CPI (Consumer Price Index ) and the second one with that of International Monetary Fund's SDR (individual drawing rights).


This particular token is also collateralized by the Fiat currency pegged with 1 USD. Even this particular stable coin had to face with speculations, but the TrustToken foundation made sure that there was no room left for any kind of speculations. The foundation hired legal firms to develop a legal architecture around the stable coin. The facility had an automated escrow account, which was periodically audited ensure transparency with its users.

Gemini dollar (USDG)

This particular stable coin is a head to head competitor to USDT. Developed initially by the Gemini Trust, the stable coin was recently announced to be centralized in nature and all the funds concerning Gemini dollar could be nullified completely.

Future of stable coins

Many other US-based companies are on the verge of developing their stable coin amidst the Crypto chaos. is it it is pronounced that is table coin have their own set of pros and cons concerning the fluctuations in the market. The future of the stable coins is highly stable, as they reduce the volatility of the cryptos.

09/30/2018 / 07:37:12 Source: coinnounce

1 BTC=$5,608.05
1 XRP=$0.4851
1 ETH=$180.35
1 XUC=$3.50
1 BCH=$380.76
1 EOS=$4.75

News Feed 50

Bitcoin.Com Neutral - French Financial Markets Regulator Estimates ICOs Have Raised $21.9B Globally Since 2014 read more.
11/15/2018 / 23:05:54
Newsbtc Neutral - Brian Kelly: Bitcoin Cash Hard Fork Caused “Crypto Civil War” read more.
11/15/2018 / 23:00:44
Bitcoinist Neutral - The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019 read more.
11/15/2018 / 23:00:36
Livebitcoinnews Neutral - Fortnite V-Bucks, Cryptocurrency Top Teens’ Christmas Wish List read more.
11/15/2018 / 23:00:12
Cryptoglobe Neutral - Cryptocurrency Exchange KuCoin Raises $20 Million in Funding Round read more.
11/15/2018 / 23:00:02
Ccn Negative - Bitcoin Cash: ABC Network Suffered Spam Attack as Hard Fork Activated read more.
11/15/2018 / 22:57:55
Cointelegraph Neutral - Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead read more.
11/15/2018 / 22:52:00
Coindesk Neutral - What We Know About Bitcoin Cash’s Two Blockchains read more.
11/15/2018 / 22:30:13
Bitcoinmagazine Neutral - #Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand read more.
11/15/2018 / 22:28:28
Newsbtc Neutral - Report: ICO Funding Stumbles in Q3, Regulation a Primary Factor read more.
11/15/2018 / 22:00:56
Cryptoglobe Neutral - Exit Scammers Start Refunding Victims' ETH After Being 'Blinded by Money' read more.
11/15/2018 / 22:00:52
Ccn Neutral - Fork Wars: Bitcoin Cash Dev. Warns that CoinGeek Will Attack ABC read more.
11/15/2018 / 21:50:58
Bitcoin.Com Neutral - Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills read more.
11/15/2018 / 21:35:26
Cointelegraph Neutral - Microsoft Releases Cloud-Based Azure Blockchain Development Kit read more.
11/15/2018 / 21:29:00
Cryptoinsider Neutral - Daily Crypto Roundup 11/15/2018 read more.
11/15/2018 / 21:22:49
Themerkle Neutral - BCHABC Price Trends Higher as BCHSV Price Drops by 45% read more.
11/15/2018 / 21:17:32
Themerkle Neutral - Is Bitcoin ABC Really Winning the Bitcoin Cash “Hash War”? read more.
11/15/2018 / 21:02:37
Newsbtc Neutral - Bitcoin Cash War Begins: Hash Power of BCH Increasing Rapidly read more.
11/15/2018 / 21:00:17
Livebitcoinnews Neutral - New Data Shows Ethereum GPU Mining No Longer Profitable read more.
11/15/2018 / 21:00:07
Coindesk Neutral - Binance Warns Iranian Traders to Withdraw Crypto Amid Sanctions read more.
11/15/2018 / 21:00:05
Cryptoglobe Neutral - Yandex Survey: 120,000 People Use Cryptocurrencies in Moscow, Russia read more.
11/15/2018 / 21:00:00
Ccn Neutral - Bitcoin Market Cap Slides Below $100 Billion as BCH Fork Spooks Investors read more.
11/15/2018 / 20:53:01
Ethnews.Com Neutral - Russian Art Gallery Developing Blockchain Donation Project read more.
11/15/2018 / 20:11:46
Ccn Neutral - Moscow Residents are Slowly Warming to Crypto Payments: Study read more.
11/15/2018 / 20:09:59
Bitcoin.Com Neutral - Coinbase Ventures Backs Home Crypto Mining Startup Coinmine read more.
11/15/2018 / 20:05:32
Bitcoinist Neutral - Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018 read more.
11/15/2018 / 20:00:33
Newsbtc Neutral - European Central Bank Exec: Bitcoin is the “Evil Spawn of the Financial Crisis” read more.
11/15/2018 / 20:00:16
Themerkle Neutral - Is the Bitcoin Cash Fork Having a Negative Impact on the Crypto Space? read more.
11/15/2018 / 19:57:51
Trustnodes Neutral - BCH Races Ahead as Roger Ver Saves the Day read more.
11/15/2018 / 19:54:24
Cryptoinsider Neutral - Interview: Anthony Lusardi (ETC Cooperative) on the uniqueness of Ethereum Classic read more.
11/15/2018 / 19:50:56
Cryptoglobe Neutral - BitGo Adds GUSD (Gemini Dollar) read more.
11/15/2018 / 19:30:00
Ccn Neutral - Bitcoin Cash: ABC Futures Cross $300 in Hard Fork Aftermath read more.
11/15/2018 / 19:25:41
Bitcoin.Com Neutral - Hash Wars: The Bitcoin Cash Hard Fork Has Begun read more.
11/15/2018 / 19:08:29
Themerkle Negative - Bitcoin Price Watch: Currency Falls to Its Lowest Point in A Year read more.
11/15/2018 / 18:57:43
Cryptoglobe Neutral - Bitcoin Cash (BCH) Fork Makes Bitcoin Mining More Enticing - For Now read more.
11/15/2018 / 18:55:47
Cointelegraph Neutral - After Yesterday’s Bloodbath, Losses Continue for Major Cryptos, XRP Overtakes Ethereum read more.
11/15/2018 / 18:53:00
Cryptonewsreview Neutral - Bitcoin Cash fork goes ahead, ABC side is early front runner read more.
11/15/2018 / 18:49:28
Blokt Negative - Bitcoin’s Market Cap Falls Below $100B, Mirrors Crypto Market’s $27.5B Decline In Just 11 Hours read more.
11/15/2018 / 18:44:49
Livebitcoinnews Neutral - Market Value of Bitcoin Falls Below $100 Billion, First Time Since October read more.
11/15/2018 / 18:30:53
Newsbtc Neutral - How Low Can It Go? Bitcoin Settles Below $5,600 as Altcoins Continue to Drop read more.
11/15/2018 / 18:30:49
Ccn Neutral - Breaking: Bitcoin Cash Hard Forks — BCH Hash War Begins read more.
11/15/2018 / 18:16:06
Cryptoglobe Neutral - Prominent Bitcoin Cash Supporter Calvin Ayre Discusses the BCH Fork read more.
11/15/2018 / 18:15:00
Bitcoinmagazine Neutral - Binance Will Support USDC Trading Starting November 17 read more.
11/15/2018 / 18:11:40
Newsbtc Neutral - IMMO Has Denied Rumors of Collaboration With the Rothschilds, and That Is Why We Are Now Surer Than Ever read more.
11/15/2018 / 18:10:38
Coindesk Negative - Bitcoin Cash Just Officially Split Into Two Competing Blockchains read more.
11/15/2018 / 18:05:54
Bitcoin.Com Neutral - Canaan’s Hong Kong Listing Plans in Limbo read more.
11/15/2018 / 18:05:41
Cointelegraph Neutral - European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis' read more.
11/15/2018 / 17:47:00
Cryptonewsreview Neutral - Markets wait with trepidation as Bitcoin Cash fork nears; Bitcoin price hit another 2018 low read more.
11/15/2018 / 17:31:46
Cryptoglobe Neutral - LIVE: Here’s What’s Going on at the Time of BCH’s Hard Fork read more.
11/15/2018 / 17:20:11
Cryptopotato Neutral - #Ethereum Price Analysis Nov.15: Will Support Hold? read more.
11/15/2018 / 17:12:00

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.