According to recently published data from CryptoKitties, DOGE Mining revenue has declined significantly over the past year. Year-to-date data shows a 76% drop in Dogecoin mining profitability, while Memecoin is down 77% in price. This performance puts DOGE in the first place among the top five most unprofitable mining options. The other participants in descending order are: Grin (GRIN), Digibyte (DGB), Vertcoin (VTC) and Verge (XVG).
Even though DOGE is among the best of the worst in mining profitability, it reached the top three with $1.07 million in recent daily mining revenue, only against the likes of Bitcoin (BTC), $33.9 million, and Ethereum (ETH). Gave it to the crypto giants. $23.2 million. In this case, DOGE declared itself the worst among the best.
for me or not for me
It is not the usual case where such bad data is exposed to the crypto community. Of the 15 coins listed on the top, only Bitcoin (BTC) shows a positive yield, but even this looks ridiculous compared to the opportunities offered by the crypto market – only 5.1% per year.
Things are so bad for miners that the second highest yield after Bitcoin (BTC) shows Zcash (ZEC) with -18.7% a year. annual profitability.
It seems that miners should think about switching activities and looking for earnings in other sectors of the crypto market; Otherwise, there is a chance that the market itself will make that choice for them.