Crypto Mining Earnings Are Through The Roof

What do to with mining data above

I already wrote the Bitcoin Mining Hardware Comparison several times, and the article you are reading right now is the most updated table on crypto mining earnings for various GPUs.

Compared to March 2020, the mining earnings are up at least 200-300%.

Compared to August 2020(the article linked above), the mining earnings are up 100-200%.

The lower-end AMD GPUs still have the best ROI(50-60 days!), and only the new low-end NVIDIA GPUs like P106-90 and P106-100 can come close in terms of ROI(60-70 days).

For those already having any GPU(listed in the table above or not), the best thing you can do right now is to install Kryptex and start mining instantly.

If you don’t currently own any graphic cards, I’m not sure if now is the best time to buy one.

Same as in the crypto bubble of 2017, the GPU prices will probably go up as they now earn more, and Bitcoin and Ethereum have already grown 1000% this year.

With such high prices, the unfortunate truth is that they will probably range in this area for some time or maybe even drop.

This is why I wouldn’t recommend investing in GPUs right now.

What to do if you don’t have any GPUs and would like to earn

This is a tough question, mostly because the answer is that there isn’t much to do- you’re most likely late.

Both BTC and ETH have already grown 1000%, and even though it would be beautiful if they continue rising, it’s not likely to happen, especially drastically as for the last 9 months.

Buying either of the two is out of the question, and it’s too late to buy GPUs if you don’t have any.

Ain’t pretty, but the best you can probably do is wait for another few years cycle.

So for anyone new into the crypto sphere, my best advice is to wait for a better entry.

I wasn’t prepared for 2017 and it caused me quite a few losses(compared to holding small crypto I already had), as well wasted time and frustration.

But it was when I decided to prepare for another cycle- and it came after 4 years.

Based on my experience, everything that looks promising should be avoided, as most of it won’t fulfill the promise for another few years.

The only “safe bet” would be to take a look at some of still relatively cheap top 10 cryptocurrencies, invest an amount you can definitely lose, and see what happens.

A quick look at the top 10 cryptocurrencies right now

Number #3 on the list is Tether, which is a crypto coin pegged to a dollar, so investing in it doesn’t make any sense(will always stay close to $, unless hacked or proved useless otherwise).

XRP is a rather stable coin, rarely not being in the top 3 coins per market cap. Right now it’s on #4, with a price of $0.32. But in January 2018, it reached $3.2.

#5 on the list is Litecoin, currently costing around $178, while the all-time high was recorded in December 2017(around $350).

Cardano hit its max at the beginning of January 2018, being worth a little over 1$ at the time. #6 on the list.

#7- Bitcoin Cash had its peak in December 2017, at one point going as high as $3500. With the current price of $538, it’s an interesting coin to follow.

Polkadot holds the #8, and there isn’t a price for it available before August 2020(around $2). Over just 5 months it went to the current $9.7. Polkadot is the pioneer of DeFi systems, and many people forecast a bright future for it.

Stellar’s (XLM) all-time high dates back to January 2018, where its price was around $0.9. Right now it’s around $0.32(same as XRP), and it grows 148% just over the last 7 days, which places it on #9.

Number #10 is Chainlink, worth around $17.5 at the moment which also seems to me it’s an all-time high.

XRP looks tasty, BCH and DOT could be fun

Chainlink and BTC are sitting at their all-time high, so my guess would be they have the least chance to grow heavily.

Litecoin is 100% from its all-time high, while Cardano and Stellar should grow 300% to reach it again(not bad).

Ethereum has grown more than 1000% over the last nine months so even though some are forecasting $10000, I’m sure we have to be careful about it.

This leaves us with 3 interesting coins:

XRP is what makes the most sense to me right now

The current price of Ripple(XRP) looks rather cheap considering the market hype, and last time the crypto bubble was big, XRP went from $0.3 to $3.3 in no more than a month.

The background of XRP is highly tied to banks and aims at fast and secure transactions between them, plus it was holding a #3 spot of all crypto market caps very successfully over the past 4 years.

A safe to say #3 capitalized crypto, with no lower than ~$0.2 price over the last few years is definitely my top choice.

It has a huge potential to go to or past its all-time high(which would represent 1000% if bought now).

And the risk doesn’t seem bigger than a 50% loss, especially if you’re not in hurry.

Polkadot(DOT) has a huge potential as a DeFi pioneer

Not many people picked up on the Decentralized Finance concept yet, but DeFi is interesting and more importantly, seems to have a huge potential.

I personally witnessed amazing earning opportunities with YFI, YFII, UNFI, and similar coins.

They are all coming from the DeFi community, and have made tons of profit to wise traders even when Bitcoin and Ethereum were pretty low over the summer.

The Polkadot coin is in the top 10 cryptocurrencies by market cap for a reason, and if DeFi gets more mainstream, DOT will grow, even regardless of BTC and ETH.

In my opinion, this one is a good candidate for long-term holders, and it seems to fluctuate mostly in an upward direction.

Bitcoin Cash(BCH) proved hot over time

While it may have happened at some point, I don’t remember BCH not being a part of the top 10 cryptocurrencies.

With an all-time high of almost $4k and a current price of $544, Bitcoin Cash looks like it could explode any time now.

Their followers swear it is better than Bitcoin, and although it’s clear that Bitcoin is “digital gold”, just having “Bitcoin” as a part of the name could be enough for awesome gains.

Based on my experience Bitcoin Cash was always interesting from a trader’s perspective, and if crypto markets continue the rally, BCH probably won’t be an exception.

Chiliz(CHZ) could be the next big thing

CHZ grew around 600% over the last year or so, and it has caught my attention just recently, after being listed on Binance for some time.

While it yet has to prove its worthiness, its path seems rather mainstream.

It’s a coin tied to the Socios app, which is an app where you can buy and trade fan tokens.

The idea and benefits of fan tokens still have to get better defined, but the contracts this app has made are very promising.

Right now they have contracts with Juventus, PSG, Roma, Atletico de Madrid, and Barcelona, as well as 10+ less known soccer clubs, as well UFC and gaming partners, with Manchester City and Milano probably next on the plate.

CHZ is the first coin on the line, and the only token that you can use to buy existing fan tokens, well before they get released on crypto exchanges like Binance.

Fan tokens like PSG and JUV were available to buy on Socios with CHZ for $2-3 per token, well before they got listed on Binance and hit 1000-2000%, afterward correcting to a more real ~300%.

All in all, CHZ seems here to stay, and if UFC, gaming, and best soccer clubs can’t bring publicity to crypto, then we all are doomed to fail.