What are the cheapest cryptocurrencies to mine in 2023?

With the evolving landscape of cryptocurrencies, it begs the question: which are the most economical digital coins to mine in the year 2023? The market is flooded with various options, each with its unique mining requirements and profitability. Given the current state of technology and mining difficulty, are there any cryptocurrencies that stand out as the cheapest to mine? The cost-effectiveness of mining is determined by several factors, including the coin's hashing algorithm, network difficulty, hardware requirements, and electricity costs. Are there any promising coins that offer a favorable mining ROI in the current market conditions? Additionally, what strategies can miners adopt to maximize their profits while minimizing costs? Exploring these aspects would be crucial for those interested in tapping into the cheapest cryptocurrencies to mine in 2023.