We often hear both CPU and GPU mining are dead.
There is a number of new currencies designed specifically for CPU or GPU mining. Which are these? Can you mine them effectively with GPU?
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You can look at litecoin. It is still feasible to mine it with CPU and GPU, because it is really hard to implement the algorithm in ASICs. And the price of litecoin is not bad.
I know you can mine Ethereum, Monero and Litecoin.