Good day everyone! Hopefully this bitcoin bear market doesn't have you too down at the moment. Well, a few weeks ago, I made a post about redirecting a BitAxe open-source mining device to mine some Digibyte (DGB). There are many other altcoins that you can mine, if you want to use some of your hashing power to support other projects. This is becoming an increasingly popular trend during the BTC bear market, where profitable mining is a bit tough as the price of bitcoin continues to be surpressed.
Remember, there is two different types of mining
- Solo Mining: You run your own node (or you join a solo pool) and receive the entire mining reward when you solve a block (unless you're in a solo pool, which usually takes a percentage as a fee). Usually takes much longer to solve a block, unless you have immense hashing power.
- Pool Mining: Combine your hashing power with others to solve blocks faster but receive a smaller share of the block reward for your contributions. Typically, rewards are paid in proportion to how many "shares" your hashpower has contributed to the pool.
What Other Altcoins Can Be Mined By ASIC Devices?
In addition to Digibyte (DGB), the following altcoins use the SHA-256 algorithm as part of their proof-of-work consensus to secure their respective blockchains:
- eCash (XEC): Currently sitting at a $149 million market cap, eCash offers instant transactions. Mining is powered by Nakamoto consensus using the SHA-256 proof-of-work mining. Major global brands such as Amazon, Netflix, and Apple accept eCash as a payment solution. It was created by Amaury Séchet, who was the lead developer of the Bitcoin ABC node software team, and the founder of Bitcoin Cash (BCH).
- Bitcoin Cash (BCH): Speaking of BCH, you can solo mine or pool mine the fork of the original Bitcoin. Bitcoin Cash solo mining may prove a little more challenging and may require a significant hashrate, in order to have a decent shot a solving a block.
- Bitcoin SV (BSV): Bitcoin Satoshi Vision can still be mined, though the project is considered by many to be high centralized due to concentration of miners. BSV was delisted from many major crypto exchanges in 2019 following controversies surrounding its creator, Craig Wright.
- Quai (QUAI): Quai Network launched its mainnet and dual-token system in early 2025. It employs a multi-chain architecture (prime, region, and zone chains) to achieve unprecedented transaction speeds. The network operates with two tokens: $QUAI for transaction fees, security, and smart contracts, and $QI, a decentralized stablecoin backed by network energy usage. Both tokens can be mined.
- Peercoin (PPC): Peercoin was launched in 2012, the first cryptocurrency to use a hybrid proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanism. Designed as a more energy-efficient and sustainable alternative to Bitcoin, it uses PoS for network security and minting, while PoW aids in coin distribution.
So, that's the skinny on a few altcoins you can mine with your SHA-256 cryptographic hash operators ;)
There are many factors to consider in choosing what coins to mine, including your energy costs and particular coin mining profitability. As volatility continues to hit, mining power begins to shift. This is not a comprehensive list. There are many more mineable altcoins that use the SHA-256 algorithm. Always be sure to research and vet any mining pool before joining; happy hashing!
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