5 Best Cryptocurrencies to Mine. We have explored and tested several prominent brokers to identify the 5 best.
In this in-depth guide, you’ll learn:
- Best cryptocurrencies to mine for beginners?
- What is Cryptocurrency Mine?
- Easiest crypto to mine on the phone.
- Pros and cons of each broker.
- Popular FAQs about the best Cryptocurrency to Mine.
And lots more…
Let’s dive right in…
Best Cryptocurrencies to Mine
🪙Cryptocurrency | 🔖Market Trends | 📏Circulating Supply | 📌Key Features |
🥈Bitcoin (BTC) | Strong market position; rise in unique addresses and transaction volumes | 19,600,000 BTC | Largest cryptocurrency, highly secure, decentralized |
🥇Ethereum Classic (ETC) | Up by 3.1% against USD | 210,700,000 ETC | Smart contracts, decentralized applications (dApps) |
🥉Litecoin (LTC) | Stable performance | 84,000,000 LTC | Faster transactions, lower fees than Bitcoin |
🏅Dogecoin (DOGE) | Recent rise due to community support | 140,000,000,000 DOGE | Community-driven, low transaction costs |
🥈Vertcoin (VTC) | Focus on decentralization | 70,292,135 VTC | Decentralization focus, stealth addresses |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
5 Best Cryptocurrencies to Mine in South Africa
- ☑️Bitcoin (BTC) – An innovative approach to blockchain.
- ☑️Ethereum Classic (ETC) – A decentralized, open-source blockchain platform.
- ☑️Litecoin (LTC) – Most widely recognized altcoins.
- ☑️Dogecoin (DOGE) – Listed on several major cryptocurrency exchanges.
- ☑️Vertcoin (VTC) – Best proof-of-work mechanism.
1. Bitcoin Gold (BTG)
Bitcoin Gold came from a hard fork of Bitcoin intended to support scaling solutions on the blockchain. It is a good option for individual miners because it adopts the Proof-of-Work consensus method Equihash, which makes it ASIC-resistant.
Bitcoin Gold differs from Bitcoin in several ways. An important difference is the implementation of replay protection in addition to the use of unique wallet addresses, which subsequently improves the overall safety of funds.
Bitcoin Gold mining has the following features and specifications:
- Equihash BTG is the hashing function
- It takes 10 minutes to mine a single BTG block, and the block reward is 6.25 BTG
- The best software for mining BTG includes CUDA miner, GMiner, and others.
- Several popular mining pools for BTG include nicehash.com, ccgmining.com, and others.
- The network hash rate is 2.20 MS/s
- Miners can use GPU mining rigs to mine BTG
Featured
🌐Attribute | 🔍Details |
💳Symbol | BTC |
🔖Current Price (ZAR) | R1,150,000 |
🪙Market Capitalization | R1.4 trillion |
📍Circulating Supply | 19.6 million BTC |
🗃Maximum Supply | 21 million BTC |
📏Consensus Mechanism | Proof of Work (PoW) |
🗄Mining Algorithm | SHA-256 |
📌Block Time | 10 minutes |
🔗Use Cases | Store of value, online payments, remittances, investments |
⚙️Transaction Speed | ~7 transactions per second |
💳Transaction Fee | Varies based on network demand, typically R50 - R200 |
🗂Major Exchanges | Binance, Coinbase, Kraken, Luno, VALR |
📍Adoption in South Africa | Used for investment and remittance purposes, with increasing acceptance in e-commerce |
🛡Security | Highly secure with one of the largest mining networks |
🔑Key Advantages | Decentralized, widely accepted, limited supply driving scarcity, hedge against inflation |
Pros and Cons
✅Pros | ❌Cons |
Bitcoin operates on a decentralized network without control from a central authority | Bitcoin has relatively slow transaction speeds (~7 TPS) and can experience high fees and delays during peak demand periods. |
Bitcoin is used as a hedge against inflation and is seen as a long-term store of value. | Bitcoin's Proof of Work consensus mechanism consumes significant energy |
Bitcoin can be accessed and used by anyone with an internet connection | Bitcoin's price can experience large fluctuations, making it risky for short-term investors or use as a stable currency. |
Bitcoin is secured by the largest and most robust Proof of Work (PoW) network | Bitcoin faces regulatory challenges in many regions, which could impact its adoption and usage globally. |
Our Findings
Bitcoin continues to show strong market performance. The cryptocurrency maintains its position as the leading digital asset by market capitalization.
2. Ethereum Classic (ETC)
Ethereum Classic resulted from a fork in the original Ethereum blockchain, with developers who believe in “Code is Law” staying behind on the original blockchain.
Ethereum Classic facilitates the creation and operation of smart contracts and decentralized applications (DApps). Ethereum Classic is a popular mining-based coin that has the following features:
- ETC can be mined using popular mining equipment such as ETHminer, Claymore Miner, FinMiner, Gminer, and others. Miners can also join a different mining pool with the same software that is used to mine ETH
- ETC can also be mined on a Virtual Private Server (VPS)
- The block reward for Ethereum Classic is 3.2 ETC, and a new block is created every 10.3 seconds.
- ETC uses an ETChash algorithm with an Ethash hashing function and a hash rate of 31.40 TH/s
Featured
🌐Attribute | 🔍Details |
💳Symbol | ETC |
🔖Current Price (ZAR) | R325 |
🪙Market Capitalization | R22 billion |
📍Circulating Supply | 210.7 million ETC |
🗃Maximum Supply | 210.7 million ETC (capped supply) |
📏Consensus Mechanism | Proof of Work (PoW) |
🗄Mining Algorithm | Ethash |
📌Block Time | 13-14 seconds |
🔗Use Cases | Smart contracts, decentralized applications (dApps), payments |
⚙️Transaction Speed | ~15 transactions per second |
💳Transaction Fee | Lower than Ethereum (ETH), varies based on network traffic |
🗂Major Exchanges | Binance, Coinbase, Kraken, Luno, VALR |
📍Adoption in South Africa | Used for dApp development and investment purposes |
🛡Security | Resistant to changes, maintains the original Ethereum blockchain after the DAO fork |
🔑Key Advantages | Strong decentralization, immutability, capped supply, Ethereum compatibility |
Pros and Cons
✅Pros | ❌Cons |
ETC adheres to the principle of "code is law," meaning its blockchain remains unchanged | ETC has suffered from multiple 51% attacks in the past, raising concerns about the security of the network. |
ETC maintains a decentralized network with strong opposition to centralized control or intervention. | Compared to Ethereum (ETH), ETC has less developer activity and fewer dApps, limiting innovation and adoption. |
Ethereum Classic supports smart contracts and decentralized applications (dApps), offering a programmable blockchain. | ETC has a smaller user base and less institutional support, which can affect liquidity and overall adoption. |
Compared to Ethereum (ETH), ETC often has lower transaction fees, making it more affordable for users. | Some investors and developers prefer Ethereum (ETH) due to its more active development and support from key institutions. |
Our Findings
My findings on Ethereum Classic (ETC) reveal a cryptocurrency that strongly emphasizes immutability and the original ethos of blockchain technology.
3. Litecoin (LTC)
Litecoin aims to be a lightweight version of Bitcoin that features faster payments at reduced transaction costs without compromising security. It uses blockchain technology to be an effective medium of exchange.
Litecoin was developed using the same technology as Bitcoin, but it improved on the Proof-of-Work that Bitcoin still uses, namely the SHA-256 mining algorithm.
Litecoin uses an improved Scrypt algorithm, meaning miners can use other mining rigs that do not require as much computational power.
Miners who actively mine Litecoin can also use their rigs to mine Dogecoin because it is based on the same Scrypt technology. Some of the indicators of Litecoin include:
- A mining reward of 12.5 LTC
- Script as the hashing function
- A network hash rate of 173.94 TH/s
Featured
🌐Attribute | 🔍Details |
💳Symbol | LTC |
🔖Current Price (ZAR) | R1,220 |
🪙Market Capitalization | R4.6 billion |
📍Circulating Supply | 84 million LTC (maximum supply reached) |
🗃Maximum Supply | 84 million LTC |
📏Consensus Mechanism | Proof of Work (PoW) |
🗄Mining Algorithm | Scrypt |
📌Block Time | 2.5 minutes |
🔗Use Cases | Digital payments, online purchases, remittances |
⚙️Transaction Speed | ~56 transactions per second |
💳Transaction Fee | Typically low, around R0.50 - R5 per transaction |
🗂Major Exchanges | Binance, Coinbase, Kraken, Luno, VALR |
📍Adoption in South Africa | Popular for fast and affordable payments, accepted by online merchants |
🛡Security | Highly secure with robust mining network, uses Scrypt for faster block generation |
🔑Key Advantages | Faster transaction speed than Bitcoin, lower fees, capped supply ensures scarcity |
Pros and Cons
✅Pros | ❌Cons |
Litecoin processes a block every 2.5 minutes, significantly faster than Bitcoin’s 10 minutes, resulting in quicker confirmations. | Litecoin lacks the advanced features of newer blockchain platforms, such as smart contract capabilities or DeFi applications. |
LTC typically offers much lower transaction fees compared to Bitcoin, making it ideal for smaller, everyday transactions. | LTC faces stiff competition from Bitcoin, Bitcoin Cash, and newer, faster cryptocurrencies that offer similar or improved features. |
Litecoin is widely traded across many major exchanges, ensuring high liquidity for buyers and sellers. | LTC faces stiff competition from Bitcoin, Bitcoin Cash, and newer, faster cryptocurrencies that offer similar or improved features. |
Litecoin’s network is decentralized and secured by Proof of Work (PoW), with a strong mining community similar to Bitcoin. | Like most cryptocurrencies, Litecoin experiences significant price swings, making it less stable for use as a currency. |
Our Findings
My findings on Litecoin (LTC) highlight its position as a significant player in the cryptocurrency space, known for its faster transaction speeds and lower fees compared to Bitcoin.
4. Dogecoin (DOGE)
Dogecoin employs Proof-of-Work to secure the network and add blocks to the blockchain. However, It uses Scrypt technology, which makes DOGE ASIC-resistant.
The Scrypt technology that Dogecoin employs was taken from Litecoin, making Dogecoin mining more eco-friendly.
Because Dogecoin is ASIC-resistant, miners can use GPU mining rigs to mine individually, join mining pools, or use cloud mining services.
The specifications and details on Dogecoin mining are as follows:
- Scrypt is the consensus algorithm used
- The difficulty is 2881328.6684
- The block time is 1 minute
- There is a block reward of 10,000 DOGE
- The forecasted Y2050 coin supply is currently at 280,853,172,058 DOGE
Featured
🌐Attribute | 🔍Details |
💳Symbol | DOGE |
🔖Current Price (ZAR) | R1.85 |
🪙Market Capitalization | R140 billion |
📍Circulating Supply | 140 billion DOGE |
🗃Maximum Supply | Unlimited (no maximum supply) |
📏Consensus Mechanism | Proof of Work (PoW) |
🗄Mining Algorithm | Scrypt (merged mining with Litecoin) |
📌Block Time | 1 minute |
🔗Use Cases | Microtransactions, tipping, online payments, charitable donations |
⚙️Transaction Speed | ~30 transactions per second |
💳Transaction Fee | Low, typically under R0.10 per transaction |
🗂Major Exchanges | Binance, Coinbase, Kraken, Luno, VALR |
📍Adoption in South Africa | Popular for tipping and small online payments due to its low fees |
🛡Security | Secure, uses Litecoin's merged mining for increased security |
🔑Key Advantages | Low transaction costs, fast block times, large community support |
Pros and Cons
✅Pros | ❌Cons |
Dogecoin transactions typically cost only a fraction of a cent, making it ideal for small payments and tipping online. | Unlike Bitcoin and Litecoin, Dogecoin has no maximum supply, which can lead to inflationary pressure and limit long-term value. |
With a block time of just 1 minute, Dogecoin processes transactions much faster than Bitcoin (10 minutes per block). | While DOGE is great for tipping and small transactions, it lacks the broader utility and smart contract functionality of coins like Ethereum. |
Dogecoin has a large, enthusiastic community, contributing to its popularity and frequent use for charitable and social causes. | Dogecoin, like many cryptocurrencies, can experience significant price swings, which makes it unpredictable as a store of value. |
DOGE is easy to mine using standard hardware, making it more accessible to individual miners. | Dogecoin's development team is small, and there has been less focus on advancing the technology compared to other major cryptocurrencies. |
Our Findings
My findings on Dogecoin (DOGE) reveal a unique cryptocurrency that originated as a meme but has evolved into a significant player in the crypto market.
5. Vertcoin (VTC)
Vertcoin (VTC) is a fully decentralized coin whose concept fully utilizes the community and the general public at large.
The coin was launched in 2014 to make it easy for people to mine coins. This mining process differs from most if the majority do not supply expensive equipment to mine, whereas vertcoin enables one to mine coins with the average computer.
Vertcoin has managed to stick to the core principles by introducing a unique proof-of-work algorithm called Lyra2REv2 and some features that incorporate stealth addresses for privacy.
Featured
🌐Attribute | 🔍Details |
💳Symbol | VTC |
🔖Current Price (ZAR) | R1.00 |
🪙Market Capitalization | R70 million |
📍Circulating Supply | 70.3 million VTC |
🗃Maximum Supply | 84 million VTC |
📏Consensus Mechanism | Proof of Work (PoW) |
🗄Mining Algorithm | Lyra2REv3 (ASIC-resistant) |
📌Block Time | 2.5 minutes |
🔗Use Cases | Decentralized payments, privacy-focused transactions |
⚙️Transaction Speed | ~56 transactions per second |
💳Transaction Fee | Very low, typically under R0.10 |
🗂Major Exchanges | Bittrex, CoinEx, SouthXchange |
📍Adoption in South Africa | Niche community usage for privacy-focused transactions |
🛡Security | Secure with ASIC-resistant mining, ensuring decentralization |
🔑Key Advantages | ASIC-resistant to promote decentralization, low transaction fees |
Pros and Cons
✅Pros | ❌Cons |
Dogecoin transactions typically cost only a fraction of a cent, making it ideal for small payments and tipping online. | Compared to major cryptocurrencies like Bitcoin and Ethereum, Vertcoin has a smaller network, which could impact security and liquidity. |
VTC’s mining is designed to be accessible to the average user, supporting decentralization and preventing central control by big miners. | Vertcoin has limited adoption for real-world transactions and is less widely accepted than more popular cryptocurrencies. |
Vertcoin has a dedicated and passionate community that supports its development and promotes decentralized values. | Like most altcoins, Vertcoin can experience significant price volatility, making it a risky investment for short-term traders. |
Vertcoin offers low transaction fees, making it an efficient option for smaller transactions. | Vertcoin lacks the broader utility of larger cryptocurrencies, with limited support for smart contracts or dApps. |
Our Findings
My findings on Vertcoin (VTC) highlight its commitment to decentralization and accessibility within cryptocurrency.
Conclusion
Best Cryptocurrencies to Mine To sum up, mining cryptocurrencies is still an interesting and active way of involving oneself in the digital asset ecosystem. Different coins have unique appeal based on various mining algorithms, ease of mining, and community support.
You might also like: Best Cryptocurrency Analysis Tools in South Africa
You might also like: Top 100 Forex Brokers – The Complete List (2025)
You might also like: Best Crypto Day Trading Platforms
You might also like: Best Forex No Deposit Bonus Brokers
You might also like: Best Cryptocurrency ETF Funds in South Africa
Frequently Asked Questions
What are the risks involved with crypto mining?
Crypto mining risks involve exposure to hackers, high electricity costs, a significant depreciation of the coin, misleading mining pool organizers, and cryptocurrency scams.
What types of crypto mining are there?
Crypto mining can be done using ASIC, CPU, or GPU mining rigs, each with different requirements and outputs.
What are coin mining pools?
They are online groups combining their mining power on a specific network. The group shares the block rewards according to the mining power that each participant contributes.
How does crypto mining confirm transactions?
Mining introduces new coins into circulation, validating new transactions on the blockchain to prevent double-spending.
No central authority, such as a commercial bank, court, or government, oversees transactions, which means that the consensus method is used to determine which transactions are valid and which can be rejected.
Is crypto mining legal?
Yes, overall, crypto mining is legal according to the miner’s geographic location. However, some regions, including Egypt, Algeria, Bolivia, Morocco, Ecuador, Nepal, and Pakistan, make cryptocurrency mining illegal.
Which crypto gives the highest return in mining?
Bitcoin remains the best crypto to mine due to its high market.
Which coin can I mine with my phone?
It can mine Ethereum, Litecoin, and Bitcoin, among other over fifty other coins.
There are no reviews yet. Be the first one to write one.
Table of Contents
Toggle