Ethereum is so 2017: Joshua Redditt

Ethereum is no longer the best cryptocurrency to mine, said Joshua Riddett, Founder and MD of UK-based Easy Crypto Hunter, during the MJAC Blockchain Summit, which took place in London this week.

He explained that to mine the top cryptocurrencies today such as Bitcoin and ETH requires very expensive hardware and users will “likely not make enough in return to absorb the cost”. However, he recommended those interested in getting involved to focus on other newer and lesser cryptocurrencies.

His personal favourite is Ravencoin, “but there are a lot more out there from which you can profit”, and added that with GPU mining rigs such as the one his firm is builiding, you can mine for all the cryptocurrencies out there.

“You don’t have to be an expert to mine cryptocurrencies and profit from it. If you know how to Google, copy and paste, you can mine cryptocurrency,” he said.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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