Crypto prices on the back foot are a buying opportunity for PoW Miner tokens

by Arthur · September 16, 2022

The stagnation of the crypto market has caused investors to seek alternative income streams. One way is to choose PoW miner tokens.

Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.

Proof of Work (PoW) consensus requires miners to confirm transactions on the blockchain. During the downturn in the crypto market, some investors have turned to PoW mining tokens. Let’s take a closer look at the best mining cryptocurrencies.

Table of Contents

Best PoW Miner Cryptos

The best mining cryptocurrencies we found are Ethereum Classic, Ravencoin and Ergo. Tamadoge is a great miner option.

1. Ethereum Classic (ETC)

An Ethereum fork, ETC has no plans to switch to Proof of Stake (PoS). The project has strongly expressed that it plans to use the proof of work consensus indefinitely.

Ethereum Classic feels that PoW provides censorship resistance of a sovereign nature. Miners have rallied behind ETC following the Ethereum merger, leaving it the second largest crypto by market capitalization and nearly doubling ETC’s hashrate.

2. Ravencoin (RVN)

Ravencoin is another lucky recipient of the Ethereum merger. Miners have abandoned Ethereum and flocked to Ravencoin. The network offers miners a block reward of 5000 RVN and a block time of 1 minute. It has a new mining algorithm, KAPOW. It enables more decentralized mining.

Ravencoin offers a peer-to-peer platform, offering an efficient transfer of assets from one user to another.

3. Ergo (ERG)

Ergo is a smart contract platform that provides users with secure and decentralized tools. Mining is based on Autolykos, an efficient ASIC-resistant PoW algorithm. One of the most important benefits for Ergo miners is the ability to participate in voting chips, log space mining and subpooling.

Ergo also makes it possible for miners to adjust parameters by voting on the chain. But a supermajority implements major changes via a soft fork.

Miner Token Alternative

Consider Tamadoge (TAMA) as a way to hedge the PoW mining risk. TAMA is an ERC-20 token that is at the forefront of Web3.0 and a major benefit of PoS. The P2E feature allows players to earn TAMA tokens for grooming their pets into adulthood.

Tamadoge is currently in a pre-sale. A TAMA token costs $0.03, a big difference from the beta sale price of $0.01. The next step for Tamadoge is listings on the LBank and Uniswap stock exchanges.

Buy TAMA tokens