Crypto Mining Earnings Are Through The Roof
What Bitcoin halving did in 2017, has happened again.
It’s 2021 and supply and demand are laughing at us one more time.
The history has repeated itself, writing a new all time highs for Bitcoin and Cryptocurrency.
The one trillion market cap is here, and new crypto winter has come.
But same as 4 years ago, the winter feels rather warm.
While some are getting red, raged with missed opportunities, others are feeling a bliss.
A bliss known to those who waited patiently.
1000% rise of two crypto giants
In March 2020, one Ethereum was worth around $133.
Meanwhile, Bitcoin hit a record low since 2017- in March 2020 it was sitting on a miserable $3500 bar.
9 months later, a new crypto baby was born- Bitcoin is worth more than $40k while Ethereum is warming up for all time highs and currently sits at $1200.
Not bad for a baby huh.
While Bitcoin mining earnings were “not so good” for small miners over the last 4 year period, those who “hodled” their mining earnings are now ripping the benefits.
The crypto market is booming, and now is the right time to either sell your mining earnings or put a solid stop loss that will secure your earnings.
Putting a stop loss will both protect your current benefits, as well keep you in the game if crypto industry continues to grow rapidly.
A breakdown from mining industry leaders
I have hopefully wrote enough on Kryptex over the last 4 years. The guys are my definite favorite mining software, and certain stuff like vast payout methods and transparent earnings are why you should consider them as well.
In a table below, you can see the current mining earnings of most GPUs available to humans, sorted by the ROI(payback). The calculated ROI doesn’t include your electricity price(which vary a lot from country to country):
- AMD RX 470 8GB
- NVIDIA P106-90
- AMD RX 480 8GB
- AMD RX 570 8GB
- AMD RX 580 8GB
- NVIDIA P106-100
- NVIDIA P104-100
- NVIDIA GTX 1060 6GB
- NVIDIA GTX 1080
- NVIDIA GTX 1070
- NVIDIA GTX 1070 Ti
- NVIDIA GTX 1080 Ti
- AMD RX Vega 56
- AMD RX 470 4GB
- AMD RX Vega 64
- AMD RX 5600 XT
- AMD RX 5700
- AMD RX 480 4GB
- AMD RX 5700 XT
- AMD RX 5500 XT 8GB
- AMD VII
- NVIDIA GTX 1660 SUPER
- NVIDIA RTX 2060 SUPER
- NVIDIA RTX 3080
- NVIDIA GTX 1660
- NVIDIA RTX 2070
- NVIDIA RTX 3060 Ti
- NVIDIA GTX 1660 Ti
- NVIDIA GTX 1050 Ti
- NVIDIA RTX 2070 SUPER
- AMD RX 580 4GB
- NVIDIA RTX 3070
- NVIDIA RTX 2060
- NVIDIA RTX 3090
- NVIDIA RTX 2080
- NVIDIA RTX 2080 SUPER
- NVIDIA RTX 2080 Ti
- NVIDIA GTX 1650 SUPER
- NVIDIA GTX 1060 3GB
- NVIDIA GTX 1650
- AMD RX 5500 XT 4GB
- 56 days
- 59 days
- 61 days
- 64 days
- 64 days
- 68 days
- 72 days
- 83 days
- 90 days
- 92 days
- 96 days
- 101 days
- 110 days
- 114 days
- 114 days
- 120 days
- 122 days
- 123 days
- 123 days
- 126 days
- 130 days
- 131 days
- 133 days
- 134 days
- 139 days
- 141 days
- 149 days
- 149 days
- 156 days
- 159 days
- 163 days
- 163 days
- 176 days
- 209 days
- 213 days
- 221 days
- 241 days
- 254 days
- 274 days
- 277 days
- 288 days
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 table above or not), the best thing you can do right now is install Kryptex and start mining instantly.
If you don’t currently own any graphic card, I’m not sure if now is the best time to buy one.
Same as in 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 investment in GPUs right now.
What to do if you don’t have any GPUs and would like to earn
This is a though 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 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 hodling 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.
Quick look on top 10 cryptocurrencies right now
Number #3 on the list is Tether, which is 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 $350).
Cardano hit its max in the beginning of January 2018, being worth little over 1$ at the time. #6 on the list.
#7- Bitcoin Cash had it’s 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(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 grow 148% just over last 7 days, which places it on #9.
Number #10 is Chainlink, worth around $17.5 at the moment which also seems to be it’s 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.
Which leaves us with 3 interesting coins:
XRP is what makes 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 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 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 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 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 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 top 10 cryptocurrencies.
With 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 traders 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 catched my attention just recently, after being listed on Binance for some time.
While it yet has to prove it’s 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 token still has 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 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%, afterwards 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.