What Coins Are Minable? And List Of The Best Cryptocurrencies To Mine In 2022

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There are a bunch of crypto coins out there, but not all are minable. So, here's a question "What coins are minable?"

What coins are minable?

A mineable digital coin (cryptocurrency) is a coin that is created and can be acquired through the mining process. The minable coins are created by and also rewarded to the miner, for successfully verifying transactions on the network and adding it to the newly created block on the blockchain.

This model of solving a computational mathematical puzzle, in order to keep the blockchain network secure and decentralized, and being rewarded for your work, is called the Proof of Work (PoW) model.

What coins are not mineable?

Non-mineable coins are digital coins that users cannot mine using their computer power.

This actually means that most of these coins are already in circulation. So the users can only acquire these coins either by purchasing them from exchanges or through other means like participating in an ICO (Initial Coin Offering). Some non-minable coins are for example XRP, EOS, Stellar, and NEM.

In these types of cryptocurrencies, we have two categories :

- Non-mineable coins that their max supply has been reached and no more Non-mineable created

- Non mineable coins where the total amount of coins has not yet been released completely: These are coins that for example use the Proof of Stake model and the new coins can be acquired only through wallet staking, through running masternodes, or just by periodically adding extra coins in the circulation.