Is crypto mining still profitable? If so, which crypto mining is the easiest? Is crypto mining still profitable?
Unless you were one of the very first people to mine the crypto, CPU mining has never been profitable. There was a time where one could profitably mine Bitcoin or any other cryptocurrency with GPUs, but today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin and other crypto.
Which crypto mining is the easiest?
Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites. It is even mined via crypto jacking. The mining code can also easily be incorporated into apps and websites to facilitate mining.
Months ago, when Bitcoin was at $60,000 and everybody was dreaming about $100,000 Bitcoin, Iâve already warned multiple times that with transaction fees this high, it doesnât look so bullish and we could see a significant correction down and that itâs important to have stop losses in place.
Then, I said to rather invest in memecoins and wellâŠit all happened like I predicted.
Established altcoins crashed by 80% and more while memecoins were the only coins that gave returns and many gave unbelievable returns of 10,000%.
Everyone that followed my advice made it through this bear crash very successfully and also had the chance to make much more money with memecoins than established altcoins. However, unfortunately many didnât follow my advice and then complained about memecoins making so much money so quickly. This bull run really makes people irrational.
During these 2 last months bear cycle, we have been going back and forth in this $30,000-$42,500 channel.
Recent Performance:* NEIRO has experienced a remarkable surge of over 5000% in just one month.
Market Analysis:
- Consolidation Phase: NEIRO is currently consolidating, indicating a brief pause before its next significant move. - Whale Activity ; Large investors are awaiting the perfect moment to strike, anticipating another price jump. - Technical Indicators: - RSI: 55 (neutral zone) - MACD: Slight bullish crossover - Moving Averages: 50-day MA ($0.0013), 100-day MA ($0.008), 200-day MA ($0.005) favor the bulls - Trend: Strongly bullish, with potential for slight correction
Recommendations:
- Holder: Maintain positions - New Entrants: Wait for confirmation above $0.0021 or below $0.0018
Caution: Cryptocurrency markets are unpredictable. Monitor NEIRO's chart closely.
Did you spend hours playing X Empire, completing tasks, and climbing the ranks? Think again!
The token distribution is a JOKE!
Less time = More tokens?
We've crunched the numbers, and the results are shocking:
- Players who invested MINIMUM time (1-2 hours) received: 100k-200k tokens - Players who invested MEDIUM time (5-10 hours) received: 500k-1000k tokens - Players who invested MAXIMUM time (20-50 hours) received: 50k-100ktokens
What's going on, X Empire?
Is this a glitch or a deliberate move to reward casual players?
Community Reacts:
"This is ridiculous! I spent 20 hours playing and got 200 tokens!" - @XEmpirePro
The cryptocurrency market is witnessing a surprising trend today, with Bitcoin (BTC) leading the charge. BTC has surged by 8% in the past 24 hours, breaking through the $44,000 resistance level.
However, the altcoin market is telling a different story. Most major altcoins, including Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA), are struggling to keep up with BTC's momentum.
BTC's Dominance
- BTC's market dominance has increased to 43.5% - Trading volume has skyrocketed by 30%
Altcoin Struggles
- ETH: -2% in 24 hours - BNB: -1.5% in 24 hours - ADA: -3% in 24 hours
Reasons Behind the Disparity
- Institutional investors focusing on BTC - Regulatory uncertainty affecting altcoins - Market sentiment shifting towards BTC's store-of-value narrative
What's Next?
- Will altcoins catch up to BTC's rally? - Can BTC sustain its momentum? - Will regulatory clarity boost altcoin confidence?
$BTC $ETH $BNB Everyone is now a crypto guru, and I do not think 90% of these people realize what is happening out in the real world.
I have been talking to crypto programmers, and blockchain experts, and its obvious that the rise we saw in 2017 was FOMO and retail investors moving in. There was nothing solid behind this move and hence the horrific bear market in 2018.
2019 is a bit different, as the rise we see here in bitcoin is more about fundamentals. Lots of new things are happening.
Fidelity JP Morgan Facebook crypto coin E-Trade offering cryptos soon
To me, all the guys high up in the programming world are starting to see the light at end of the tunnel, and things are changing.
Too many people want to get rich over night in this space, but its not about the money, for me its about real use cases, and that is why think mass adoption is not here but its getting closer as I have talked about before.
Lets not forget about AT&T
AT and T bills you can now pay in BITCOIN.
This has been welcomed with open arms, the reason is because when you accept credit card payments you have charge back, merchant fees, and larger overhead. So this whole crypto thing is no longer a gimmick but its being widely adopted by multi-national companies out there. Regulator are still trying to do their thing, and I feel crypto will get so much attention we will see lots of crypto regulation come in starting the end of this year or 2020. I really think its a situation then, that regulation while in the short term might be bad in the long run people will work out regulation will keep the riff raff out and help people feel safer investing their hard earned money in this new asset class. All in all I still feel that crypto has really just scratched the surface here in 2019 and each and every week we see more of the fundamentals shift and work in favor of the bitcoin bull. #TrumpDeFi #MemeCoinTrending
Donald Trump has made a bold move into the cryptocurrency space with the launch of World Liberty Financial, led by his sons Donald Trump Jr. and Eric Trump. This platform introduces the WLFI token, facilitating crypto borrowing, lending, and investing exclusively for accredited U.S. investors Âč.
Key Details:
- _Token Name:_ WLFI - _Token Type:_ Governance-only token with no financial rights - _Availability:_ Exclusive to accredited U.S. investors - _Allocation:_ 70% to founders and service providers, 30% for public sale
Trump's crypto portfolio has surged past $10 million, driven by the TRUMP coin's value increase. His diverse holdings include ETH, MVP tokens, CONAN tokens, and more Âč.
Market Impact:
Experts predict Trump's involvement could inspire other political figures to explore digital assets, potentially blurring lines between politics and blockchain. The launch has sparked intense speculation, with investors evaluating potential effects on market trends and Trump's broader image.
When deciding between holding 16 Solana ($SOL ) or 4.21 Binance Coin ($BNB ), consider the following comparison:
Solana ($SOL )
- Vision: High-performance blockchain for fast, low-cost transactions, popular in NFTs and DeFi. - Ecosystem: Growing rapidly in NFTs (Magic Eden) and DeFi, despite occasional network outages. - Growth Potential: Expected to trade between $32-$55 in 2024, driven by Web3 adoption.
Binance Coin ($BNB )
- Vision: Powers Binance ecosystem, including Binance Smart Chain (BSC), a leading blockchain for decentralized applications. - Ecosystem: Dominant due to Binance's global crypto market presence, used extensively for transactions, staking, NFTs, and DeFi. - Growth Potential: Forecasted to range between $900-$2000 in 2025, reflecting Binance's dominance.
Consider your investment goals and risk tolerance before deciding between these two promising cryptocurrencies.
Key Takeaways:
- Solana offers fast transactions and growing NFT/DeFi ecosystems. - Binance Coin boasts dominance through Binance's global presence.
Choose wisely:
- SOL for potential Web3-driven growth. - BNB for established ecosystem and exchange dominance. $BTC
From $20 to $30,000: My Unbelievable Crypto Journey
I still can't believe it. My crypto account has just surpassed $30,000 USDT, all starting from a humble investment of just $20. It's been a wild ride, filled with twists and turns, but one thing is certain: patience and smart strategy can take you to unimaginable heights.
The Beginning
I remember when I first started, I doubted my ability to make a dent in the crypto world. But I stuck to my plan, researched the market, and made informed decisions. My early trades weren't home runs, but they laid the foundation for future success.
Key Takeaways
1. Compound Your Earnings: I didn't cash out early. Instead, I reinvested my profits, turning $200 into a catalyst for further growth. 2. Diversify: I spread my investments across promising coins, minimizing risk and maximizing potential gains. 3. Avoid Emotional Decisions: Stay focused on your strategy, avoiding hype-driven trades and emotional reactions to market fluctuations.
Lessons Learned
I made mistakes, like entering trades based on social media hype. But I learned from them, adapting my approach to avoid similar pitfalls.
My Advice
1. Trust the Process: Crypto markets can be unpredictable, but patience yields rewards. 2. Stay Informed: Continuously learn and improve your strategy. 3. Don't Let Fear Hold You Back* : Take calculated risks and avoid emotional decisions.
The Next Chapter
Now that I've reached $30,000 USDT, my focus shifts to smarter growth and reinvestment. I'll continue sharing my experiences, both successes and setbacks, to help you navigate the crypto landscape.
Get ready for a potential Bitcoin bull run! The iconic Rainbow Chart, a popular predictive tool, indicates a major upside move. Stay ahead with Flow Chart Diagram's expert analysis.
1. Historical Accuracy: The Rainbow Chart has predicted previous Bitcoin bull runs. 2. Market Sentiment: Growing optimism among investors and traders. 3. Institutional Investment: Increased adoption and interest from institutional players.
Flow Chart Diagram's Expert Analysis:
"Our technical analysis suggests a high probability of a Bitcoin bull run. The Rainbow Chart's prediction, combined with favorable market sentiment and institutional investment, makes this an exciting opportunity for traders and investors."
The cryptocurrency market is showing signs of recovery, with Binance Coin ($BNB ) leading the charge!
Key Highlights:
- BNB confirms strong support at $570, aiming for $623 - Backup support at $414 if momentum falters - Bitcoin's bullishness crucial for market progress - Previous rally saw 270% gain
MAJOR Airdrop Update: Token Listing Expected in Early November 2024
Exciting news for MAJOR token holders!
According to the game's founder, the highly anticipated token listing is slated for early November 2024. Here's what you need to know:
Pre-Market Price Predictions:
$MAJOR token expected to trade between $0.011 and $0.0125
Key Takeaways:
1. Token listing anticipated in early November 2024 2. Pre-market prices indicate potential value range 3. Official announcements forthcoming on listing and withdrawal process
Stay Informed:
Follow official channels for updates on:
Token listing confirmation Withdrawal process details Market opening and trading commencement
Get Ready to Trade:
Keep an eye on your wallets and be prepared to capitalize on the token's potential growth!
đ Polymarket's Prediction Market: A Challenging Landscape for Crypto Bettors
đŁïž Onchain data reveals a stark reality in the world of crypto prediction markets, with only 12.7% of Polymarket users reporting profits. The decentralized platform, which allows cryptocurrency enthusiasts to bet on world events, has seen the majority of its 171,113 wallets fail to turn a profit. Most successful traders earned less than $100, while only a small fraction managed to surpass the $1,000 mark.
đŁ Despite these challenging odds, interest in crypto gambling remains high. Polymarket has facilitated 10.8 million betting trades, with recent daily volumes exceeding 300,000 due to current global events and the upcoming U.S. presidential election. The platform's open interest stands at an impressive $161.1 million, indicating continued engagement from participants despite the low success rate.
đŹ What factors do you think contribute to the low percentage of profitable wallets on Polymarket, and how might this data impact the future of crypto prediction markets?
A sudden and significant drop in Blum points has been reported by multiple users. Here's what you need to know:
Issue Summary:
- Sudden drop in Blum points - Screenshots of the issue circulating online - Concerns about stability and value
BlumCrypto's Response:
- Aware of the issue and investigating - Recommendations: 1. Report any unusual activity to support immediately 2. Document changes (screenshots/notes)
Breaking the Mold: Bitcoin Bull Market Shifts Gears!
Historical patterns suggest Bitcoin bull markets peak 518-546 days post-halving. However, this cycle is showing signs of acceleration â potentially 100 days ahead of schedule!
New Peak Prediction: Mid-May to mid-June 2025
Implications:
- Increased excitement for crypto enthusiasts - Fresh opportunities for savvy investors - Potential for a paradigm-shifting market cycle
Stay Ahead:
Monitor the charts and market trends closely. Is this the cycle that rewrites the rules?
Blum Coin Update: Airdrop, Listing Date, and Price Prediction Revealed!
Get ready for the highly anticipated Blum Coin airdrop! With its strong fundamentals and growing community excitement, experts predict substantial growth.
Price Outlook:
- Mid-2025: $0.05 (based on current market conditions, roadmap, and increasing interest) - End of 2025: $0.20 (if Blum Coin follows DOGS Coin's successful trajectory)
Comparison to DOGS Coin:
Blum Coin is touted as the "3rd big listing" after DOGS Coin's success, due to:
- Strong community support - Innovative use cases - Wide investor appeal
Key Factors Driving Growth:
- Upcoming airdrop - Increasing interest from investors and the community - Successful roadmap execution