The most profitable cryptocurrencies for mining have been named

Data from the crypto analytics platform CoinWarz confirms that mining the Dogecoin (DOGE) meme token is much more profitable than mining bitcoin (BTC).

In fact, the electricity costs for mining BTC are slightly less than for DOGE, but the profitability of mining the meme cryptocurrency is higher. The researchers calculated that the electricity costs for DOGE mining are $ 8.22 per day and $ 7.22 per day for BTC mining. However, DOGE miners make a profit of $ 12.94 per day compared to the daily profit of $ 3.58 for BTC, which makes DOGE more profitable by 267%.

The most profitable altcoin for mining is Verge (XVG), which brings miners $ 33.38 daily after compensating for electricity costs.

Bitcoin Cash (BCH) ranks fifth among the most profitable mining tokens with a daily profit of $ 3.36. Ethereum Classic (ETC) and Monero (XMR), on the other hand, generate losses, registering a minus of $ 0.26 and $ 0.Z2 per day, respectively.