Which digital currency was the most profitable to mine using SHA256 algorithm in 2017?

3 answers

• Kay PopeMar 04, 2021 · 5 years ago
  In 2017, the most profitable digital currency to mine using the SHA256 algorithm was Bitcoin. Bitcoin has been the dominant cryptocurrency since its inception and continues to be the most valuable and widely recognized. Its popularity and high market demand have made it the most profitable choice for miners. However, it's important to note that mining profitability can vary depending on factors such as electricity costs, mining hardware efficiency, and network difficulty.
  476

  238
• Landon MossFeb 22, 2021 · 5 years ago
  Back in 2017, if you were looking to mine a digital currency using the SHA256 algorithm, Bitcoin was the way to go. It was the king of the crypto world and had the highest profitability for miners. With its strong network and market dominance, Bitcoin offered the most lucrative rewards for those who were able to successfully mine it. However, keep in mind that mining profitability is not just about the algorithm, but also factors like electricity costs and mining equipment efficiency.
  489

  163
• Bentley GilliamOct 25, 2021 · 4 years ago
  Ah, 2017, the year when Bitcoin ruled the mining scene with an iron fist! If you were into mining digital currencies using the SHA256 algorithm, Bitcoin was the undisputed champion in terms of profitability. Miners flocked to the Bitcoin network to cash in on its high market value and the rewards it offered. It was a golden era for Bitcoin miners, with some even becoming overnight millionaires. But hey, times change, and now there are other digital currencies worth exploring for mining profitability.
  505

  127