What Coins Can You Mine With MicroBT Whatsminer M50S? – Full Guide

The coins that you can mine with the MicroBT Whatsminer M50S will be covered in detail in this post.

The MicroBT Whatsminer M50S is a Bitcoin miner of Whatsminer M50 Series. It mines the SHA-256 algorithm, with a maximum hashrate of 126 Th/s and a power consumption of 3276 W. With the SHA-256 algorithm, you can mine many coins, such as Bitcoin, Bitcoin Cash, Peercoin or Terracoin, among which Bitcoin is the cryptocurrency that is most profitable. Now let’s take a closer look at ten coins that you can mine with this mining device.

The prices of all cryptocurrencies mentioned in the article are indicated as of Feb 13, 2023

Mining Algorithm of MicroBT Whatsminer M50S

The MicroBT Whatsminer M50S is a Bitcoin miner. It mines the SHA-256 algorithm, with a maximum hashrate of 126 Th/s and a power consumption of 3276 W. Moreover, the algorithm is almost impossible to reconstruct, making it ideal for safety. Even using a brute force attack would take years to crack.

Thanks to the algorithm, users get a quality Bitcoin miner that miners over 40 coins. Some of the mineable coins include Acoin, Curecoin, Joulecoin, Peercoin, etc. These are some of the most profitable altcoins.

What Is SHA-256?

The Bitcoin protocol uses the Secure Hashing Algorithm (SHA) -256 hash function and mining algorithm, which is a cryptographic hash function that generates a value that is 256 bits long. It controls address generation and management and is also employed in transactional verification. The hash functions are used twice in the SHA-256 algorithm used by Bitcoin.

The algorithm is a modification of the National Security Agency’s (NSA) Secure Hash Algorithm 2 (SHA-2). Additionally, widely used encryption protocols like SSL, TLS, SSH, and open source operating systems like Unix/Linux use SHA-256.

Since its inner workings aren’t known to the general public, the hash algorithm is incredibly secure. Due to its capacity to verify data content without disclosing it thanks to the use of digital signatures, it is used by the US government to protect sensitive information. It is also used for password verification because it conveniently eliminates the need for exact password storage because hash values can be saved and compared to user entries to determine whether they are correct or not.

In fact, it is nearly impossible to reveal the initial data from a hash value itself. Furthermore, due to the impossibly large number of possible combinations, a brute force attack is very unlikely to be successful. Furthermore, it’s extremely unlikely that two data values (a situation known as a collision) will have the same hash.

Minable Coins With MicroBT Whatsminer M50S

Minable Coins with MicroBT Whatsminer M50S support a number of different coins, with being the most profitable is bitcoin.

Bitcoin (BTC)

• Price: $18,216.53
• Market cap: $382 billion

The MicroBT Whatsminer M50S is primarily designed to mine Bitcoin, and it is one of the most powerful Bitcoin miners available in the market today. With a hash rate of 65 TH/s, the Whatsminer M50S can mine Bitcoin at a faster rate than many other miners, making it an attractive option for Bitcoin miners.

Bitcoin is the first decentralized digital currency to support peer-to-peer transfers without the use of any middlemen like banks, governments, agents, or brokers using the underlying blockchain technology. Any user on the network, regardless of their location, has the ability to send Bitcoins to another user on the network; all that is required is the creation of a network account and the deposit of some Bitcoins before sending any Bitcoins. How can you deposit Bitcoin into your account? You can either mine them or buy them online.

Bitcoin is a cryptocurrency that can be used for online transactions as well as investments. Its primary objective is to make purchases of goods and services.

The Whatsminer M50S currently mines 0.00041778 BTC a day.

Bitcoin Advantages

On the bitcoin network, asset transfers happen more quickly than with traditional fiat currencies. The system also has lower transaction fees as a result of its decentralization and lack of middlemen. Furthermore, it is cryptographically secure in that both the sender and the recipient’s identities are concealed and the transactions are impervious to forgery and hacking. A public ledger makes the data available to everyone, enabling anyone to view the transactions.

Read more: How to Set Up Whatsminer M50S to Mine Bitcoin?

BitcoinCash (BCH)

• Price: $110.60
• Market cap: $2 billion

Bitcoin Cash is a cryptocurrency forked from the original Bitcoin increased the block size limit to 8 MB in order to speed up transactions without imposing high fees. Bitcoin Cash is the name of both the payment method and the underlying cryptocurrency. 2017 It made its debut on August 1. Bitcoin Cash uses the same SHA-256 algorithm as Bitcoin, which means that the MicroBT Whatsminer M50S can also be used to mine Bitcoin Cash. With a hash rate of 65 TH/s, the M50S can mine Bitcoin Cash at a fast rate, making it an attractive option for Bitcoin Cash miners.

BitcoinSV (BSV)

• Price: $ 41.61
• Market cap: $873,916,718

The full-node implementation Bitcoin SV (BSV) is a fork of Bitcoin Cash (BCH). It strives to preserve the consistency and enormous scalability of the original Satoshi Nakamoto Bitcoin protocol, as outlined in version 0.1 of the cryptocurrency. The national cryptocurrency of the nation is BSV.

Like Bitcoin and Bitcoin Cash, Bitcoin SV also uses the SHA-256 algorithm, which means that the MicroBT Whatsminer M50S can also be used to mine Bitcoin SV. With a hash rate of 65 TH/s, the M50S can mine Bitcoin SV at a fast rate, making it an attractive option for Bitcoin SV miners.

According to the team behind the project, the name Bitcoin SV represents the “Satoshi Vision,” reflecting the project’s goal to realize the original Peer-to-peer technology was utilized to create Bitcoin SV at the request of significant BCH miners CoinGeek and others. Its objective is to deal with the issue of double spending. For users who contribute to the network, BSV acts as digital currency similar to Bitcoin in this scenario.

The only difference between BSV and BTC’s implementations of proof of work (PoW) consensus is the size of the blocks.

Like Bitcoin itself, BSV serves primarily as a medium of exchange as the native token of the Bitcoin SV blockchain.

Acoin (ACOIN)

• Price: $0.004555
• Market cap: $5,558

More scarce than gold, acoin is a brand-new digital currency designed for investments. Acoin can be used to send, trade, pay, and purchase items instantly and without any fees. In August 2014, Acoinproject.org joined and is now accessible worldwide. It also can be mined with Whatsminer M50S.

Curecoin (CURE)

• Price: $0.009105
• Market cap: $252,027

Similar to Bitcion, Curecoin operates by requiring miners to fold proteins as opposed to solving challenging mathematical problems. Whatsminer M50S can mine it.

Hashing is a great way to make money. Without Curecoin, however, treating illnesses like cancer, Huntington’s, Alzheimer’s, and viruses is fantastic but difficult. It combines cryptocurrency mining with SHA256 mining. which implies that mining it can aid in the treatment of diseases like cancer. It is a fresh coin with room to grow. and rise to the top of the cryptocurrency coin rankings. Curecoin is represented by the symbol CURE. supported and mined by research into cancer treatment.

Joulecoin (XJO)

The SHA-256 algorithm-based cryptocurrency known as Joulecoin (XJO) uses this method. Based on Bitcoin, Joulecoin is intended to offer immediate confirmations and transaction comments, which also can be mined with Whatsminer M50S.

Unbreakable (UNB)

• Price: $0.1095

UnbreakableCoin is a proof-of-work copy of BTC with the SHA256 algorithm. UNB is designed to carry on from Satoshi’s initial vision for cryptocurrency. It is based on that vision. With the Whatsminer M50S, you can mine it.

EMark (DEM)

• Price: $0.0009108
• Market cap: $191,355

Deutsche eMark is an open-source, decentralized cryptocurrency that was forked from Litecoin in 2013. Originating in Germany, the project is a nostalgic attempt to re-create the country’s old “Deutschmark” as a digital currency.

The Deutsche elektronische Mark is a decentralized digital currency programmed using cryptographic algorithms. The term “cryptocurrency” also refers to the union of money and cryptography. Cryptography and the underlying mathematics replace the central organizations needed for traditional currencies, such as banks. Currently, a cryptocurrency is much more effective and secure than well-established systems like the Euro or Dollar. The eMark, which can be mined with a Whatsminer M50S, also makes use of the tried-and-true blockchain technology to enable quick, easy, and secure transaction sending and receiving.

Peercoin (PPC)

• Price: $0.3783
• Market cap: $10,576,405

Peercoin (or PPC, PPCoin) is the first cryptocurrency to use both Operations using PoW and PoS. Peercoin also uses the SHA-256 algorithm, which means that the MicroBT Whatsminer M50S can be used to mine Peercoin. However, Peercoin has a much lower hash rate than Bitcoin, Bitcoin Cash, and Bitcoin SV, which means that the M50S may not be the most efficient option for mining Peercoin.

Peercoin shares a lot of the technical foundation with bitcoin and was created as an inspiration for it.

Terracoin (TRC)

• Price: $0.01463
• Market cap: $614,435

Terracoin is an open source cryptocurrency available on numerous cryptocurrency exchanges. It is similar to Bitcoin, but due to the incorporation of mining and Dark Gravity Wave difficulty recalculation, it provides faster transactions and better security. It also includes DASH masternode and decentralized governance technologies. You can mine it using a Whatsminer M50S.

What is Cryptocurrency Mining?

Mining is a process used to produce new coins, like Bitcoin and other cryptocurrencies, as well as to confirm transactions involving those coins. Blockchains are global, decentralized networks of computers that store digital ledgers of cryptocurrency transactions and verify and secure them.

Computers connected to the network are compensated with fresh coins for using their processing power. The blockchain pays out coins to miners who keep the network secure, which encourages miners to keep the network secure.

What is the Process of Mining Cryptocurrency?

Producing new cryptocurrency and establishing the reliability of previously completed blockchain transactions involving cryptocurrency are the two goals of cryptocurrency mining.

A miner receives payment after successfully verifying a block of transactions. What do they receive in exchange for this? fresh cryptocurrencies to fill their wallets.

How to Mine Cryptocurrencies?

A capable home computer was all that was required ten years ago for anyone to start mining cryptocurrencies. The blockchain’s size has, however, grown along with the amount of processing power needed to maintain it. As a result, almost all mining is now carried out by specialized businesses or groups of people who pool their resources.

The calculations required to confirm and log each new crypto transaction and uphold the blockchain’s security are performed by specialized computers. The blockchain needs a lot of processing power to validate.

Companies spend money on the electricity required to run the mining equipment as well as on the equipment itself. If the value of the mined coins exceeds the cost of mining those coins, the business will be profitable.

Why Do Cryptocurrencies Need to Be Mined?

Through mining, both previous transactions and new coins are created. Because the blockchain is decentralized, fraudsters might be able to spend cryptocurrencies multiple times at once if transactions weren’t authenticated. Mining increases consumer trust in the currency by decreasing this fraud.

Conclusion: Bitcoin is the Most Profitable

The Whatsminer M50S is a productive cryptocurrency mining device. Terracoin, Acion, Cure, Joule, Unbreakable, BitcoinCash, BitcoinSV, eMark, Peer, and Terracoin are among the cryptocurrencies you can mine with it. Among which Bitcoin is currently the most lucrative currency. Ultimately, the choice of cryptocurrency to mine with the MicroBT Whatsminer M50S will depend on the miner’s individual needs and preferences.

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