Mineable Cryptocurrencies Are More Valuable Than Non Mineable Coins


The market websites gives us a clear report of 2121 tracked digital currencies having a net valuation of approximately $140 billion. The statistics obtained at end of the first quarter of 2019, revealed that the mineable digital assets are the most valuable cryptocurrencies in today’s market and the top eight mineable coins represent 68 percent of the whole of the cryptoeconomy.

There are a lot of cryptocurrencies that are floating within the cryptoeconomy segment having a significant fiat value and a large supporter base. As of now, there are only four cryptocurrencies present within the top 10 market capitalizations that are truly mineable. The rest of the Cryptocurrencies have already been minted such as the Stellar’s XLM, Ripple’s XRP, several coin offerings and the few that use the PoS or the proof-of-stake mechanism. The four cryptocurrencies in the top 10 as already stated as mineable are ETH, BTC, BCH and LTC. These four cryptocurrencies have a combined market cap of approximately $91.7 billion and approximately constitute 65.5 percent of the total net worth of the crypto-ecosystem. The remaining of the top 10 non-mineable cryptocurrencies is worth of a combined total of about $24 billion which counts to 17 percent of the total economy.

One of the most important and interesting facts is that all the four mineable coins in the top 10 have the same mining pools processing coins. Both the BTC and BCH have a great overlap of the mining pools that process the coins on both the networks including organizations like Antpool, BTC.com, Bitcoin.com and Viabtc. Likeways, the LTC network has a minimum overlap with both the BTC and the BCH networks with the pools like F2pool, Poolin, Antpool and Viabtc. Moreover, these woven sets of mining pools on all three networks have dominant shares of the hash rate in each network.


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