Though Bitcoin is one of the most popular cryptocurrencies available in the market, it is just one out of the several types of digital currencies. With several miners investing in sophisticated bitcoin mining equipment , it is becoming challenging for ordinary BTC miners to succeed in Bitcoin mining .

In case you are struggling to achieve the best out of mining BTC, it’s high time you consider the following alternatives with bitcoin loophole.

Dash

If you are looking for a great alternative to Bitcoin, then Dash is an ideal option. Typically, Dash is a complete cash management platform. The platform allows users to store and use virtual currency in making payments on many websites.

The dash wallet entails the following features.

• Allows users to make transactions and make private payments.
• Has lower fees than Bitcoin and other virtual currencies
• It has an instant x feature that supports instant payment.
• Decentralized network and no third party needed for transactions
• High safety technology through encryption
• Users can transfer money in any part of the world.

Litecoin 

When the Litecoin  was introduced in the virtual currency ecosystem back in 2011, it was viewed as an ideal alternative to Bitcoin or gold. Litecoin follows the same protocol applied in mining BTC though the process is cheaper than in  Bitcoin.

Features associated with Litecoin are as follows;

• Less costly in mining than Bitcoin
• Cheaper and easier to mine
• Has the capacity to handle the high transaction volume
• Has a secure and private wallet encryption.

Safecoin 

This is a digital token introduced by the safe network. The core aim of the coin is to compensate users for their contribution to the network.

Some of the features include

• High safety levels through encryption
• Inbuilt data availability and redundancy
• Over 4.3 billion coins are already in circulation, with each having a unique identity.

PeerCoin 

This is another Bitcoin-based based virtual currency. The coin has its own method of verifying mined coins.

• Besides proof of work, PeerCoin adopts a proof of stake system.
• Some of the notable features include the following.
• First-ever proof of stake coin
• One of the most stable and secure virtual currency
• Mining can easily be done on any Bitcoin-compatible device.
• No fixed upper  coin limit and inflationary 

Steem 

Unlike other virtual currencies, this is a reward-based social media currency system.

Steem  requires users to reward others for their contribution to the network.

Some of the notable features include the following.

• Mining is similar to voting for a post.
• After submitting content, rewards are made within 24hrs.
• Has a blockchain reward distribution system
• Users are entitled to 50% steem dollars for participating in voting and 50%for steem power.

NameCoin

This is an experimental open-source technology that strives to scale up   security, privacy censorship resistance, and internet infrastructure speed.

Having hit the market back in 2011, Namecoin has managed to circulate over 7.5 million coins. Ideally, the coin was designed as an alternative bitcoin domain.

The Namecoin has the following features. 

• Decentralized DNS
• Highly resistant to censorship
• TLs certificate validation
• Supports .bit domain

Primecoin 

Primecoin is a highly innovative digital currency.The crypto -based coin focuses on proof of work for its reward system.

The following are the notable features associated with Primecoin.

• Decentralized mining and distribution
• Excellent in mathematical research
• Advanced security

Novacoin 

This type of coin is a division of peercoin hence based on the POS/POW system. The only difference between the two is that Novacoin uses scrypt hashing.

Some of the features include

• Based on Bitcoins new version
• It doesn’t have POW block signature.
• Follows floating reward per coin year emission, model

Feather coin 

The coin is an open-source digital currency that applies peer-to-peer technology to bypass old banking solutions. The unique feature about feather coin is that it supports international payments that can be processed with any compatible free software or hardware. 

Typically, the coin is  Neoscript  based and has better features than most other cryptocurrencies.

Some of the features include

• 80 coin reward for every block
• ACP ( Advanced checkpointing)
• Latest ASIC resistance
• Advanced safety feature through Neoscrypt algorithm 

Conclusion 

In case you have tried to mine Bitcoin but failed to achieve desirable results, then the Bitcoin alternatives highlighted in this article are ideal for you. Though Bitcoin has become one of the most popular crypto currencies , the cost of mining is limited to a few who can afford to purchase sophisticated equipment.