• About
  • Contact Us
Friday, July 1, 2022
Cryptos Newz
No Result
View All Result
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
No Result
View All Result
Cryptos Newz
No Result
View All Result
Home Cryptocurrency News

DOGE Annual Mining Revenue Is Down 76%: CryptoRank

Crptoz by Crptoz
June 10, 2022
in Cryptocurrency News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

READ ALSO

XRP Network Shows Strange Activity Explosion, With Number of Unique Addresses Reaching Max in 2.5 Years

Crypto Lender Ledn Joins the Acquisition Battle for BlockFi (Report)


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).

Source: CryptoRank

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.

advertisement

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.


Related Posts

Cryptocurrency News

XRP Network Shows Strange Activity Explosion, With Number of Unique Addresses Reaching Max in 2.5 Years

July 1, 2022
Cryptocurrency News

Crypto Lender Ledn Joins the Acquisition Battle for BlockFi (Report)

July 1, 2022
Cryptocurrency News

Crypto Price Analysis July-1: Ethereum, Cardano, Solana, Polkadot, and Polygon

July 1, 2022
Cryptocurrency News

VanEck Takes Another Stab at Launching Spot Bitcoin ETF

July 1, 2022
Cryptocurrency News

Market Watch: Bitcoin Ended the Horrible Q2 Below $20K

July 1, 2022
Cryptocurrency News

Massive Cryptocurrency Exchange Stopped Selling Bitcoin, Here’s How It Affects Market

July 1, 2022
Next Post

Crypto Hedge Funds Grew 150% in 2021; Greater Deployment Expected

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Man Who Broke into Terra Founder’s House Was Crypto Investor Who Lost 3 Billion Won

May 16, 2022

When SHIB? Robinhood CBO States They Seek Compliant Ways to Increase Crypto Offering

February 9, 2022

Dock Launches Ambassador Program – Press release Bitcoin News

January 17, 2022

Why You Should Stack Sats To Celebrate Father’s Day

June 19, 2022

Ted Cruz: Texas Should Be “Ground Zero” for Crypto Industry

March 3, 2022

EDITOR'S PICK

Which play-to-earn games are better than Axie Infinity? | Find out now on The Market Report

February 1, 2022

Breaking News: Terra Collapse Was Caused by Internal Action! Know Compelete Truth

June 14, 2022

Terra Protocol Reaches Maximum Issuance of UST Daily, LFG Foundation Steps In – Bitcoin News

March 7, 2022

New Crypto Framework in Dubai Could Position It as the Region’s Leader – BeInCrypto

March 10, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Cryptocurrency News
  • Ethereum News
  • How To Buy Crypto
  • News
  • Uncategorized

Recent Posts

  • XRP Network Shows Strange Activity Explosion, With Number of Unique Addresses Reaching Max in 2.5 Years
  • Crypto Lender Ledn Joins the Acquisition Battle for BlockFi (Report)
  • Financial Companies Report First Deal With Digital Assets Under Russian Law – Finance Bitcoin News
  • Bitcoin Markets in Capitulation After Worse Quarterly Loss in a Decade
  • Home
  • News
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.