Data snapshot: Monero’s GPU miners earn the most generous rewards – here are the next best

Monero's GPU miners earn $6.37 a dayMonero's GPU miners earn $6.37 a day

Top earning coins for GPU miners, 28 August 2018

– Monero still the miners’ favourite

Monero’s (XMR) $6 miner reward (10000 hash) places it at the top of the leaderboard.

Rewards are shown in dollars and in the crypto being mined. Electroneum (ETN), which it is possible to mine on a smartphone (although it will hammer its components), is still making itself just about relevant but arguably as nothing more than a coin that exists to be mined. Daily earnings for ETN are $0.16. Aeon is much better, earning a miner $4.54 a day.

Crypto mining has been struggling of late as witnessed in the poor results at chipmaker Nvidia. A surfeit of GPUs has driven down prices for GPU rigs but the big money is still with ASICs on the bitcoin network.

Nevertheless, you can still pretend it is the old days and do some mining for yourself using some spare computing capacity. Obviously such a venture helps if you have a cheap source of electricity.

The need to diversify is one of the reason the industry leaders are looking to go to the public markets to raise capital. That’s what Bitmain is doing with its initial public offering in Hong Kong. Artificial Intelligence and commercial rendering, both of which require large amounts of computing power, are increasingly attractive alternative use cases for crypto miners looking to diversify.

However, as the bear market recedes mining opportunities should grow accordingly. Even if you don’t make a lot of money it is a great hands-on way to learn more about how crypto works.

Bitcoin is currently trading at $7,111.

Coin Day
($)
Month
($)
Day
(coins)
Month
(coins)
Hashrate
Auto
XMR 6.38 191.31 0.061 1.844 10000
XTL 6.32 189.72 30357.448 910723.430 10000
MSR 6.17 185.16 27.030 810.892 19000
GRFT 6.15 184.52 637.130 19113.904 10000
TUBE 5.72 171.64 152.714 4581.416 7750
ITNS 5.47 164.02 3110.019 93300.575 10000
LOKI 5.43 162.90 38.976 1169.266 7750
XHV 5.39 161.74 9.368 281.034 7750
CTL 5.33 160.05 171.290 5138.689 10000
BSM 5.18 155.25 24660.226 739806.781 21000
RYO 5.16 154.78 39.507 1185.204 7750
TRTL 4.98 149.40 176185.946 5285578.371 21000
WTIP 4.66 139.75 1733201.749 51996052.475 21000
AEON 4.54 136.25 6.178 185.326 21000
XDN 1.19 35.80 410.637 12319.123 10000
DERO 0.19 5.79 0.554 16.618 10000
KRB 0.18 5.47 1.021 30.627 10000
NCP 0.16 4.79 14821.760 444652.804 10000
ETN 0.16 4.67 25.795 773.837 10000
BOLD 0.10 3.07 34.262 1027.864 10000
BCN 0.07 2.12 34.188 1025.625 10000

Note: smartphone users, rotate to landscape to see full table view

About the Author

Gary McFarlane
Gary has been writing about cryptocurrencies since 2013 and currently works as the cryptocurrency analyst at interactive investor, the UK's second-largest online investment platform. Gary contributes for Coin Intelligence News in a personal capacity and none of his commentary should be considered investment advice. Gary is the winner of the ADVFN International Financial Awards 2018 Cryptocurrency Writer of the Year. Contact Gary on twitter at: @gary_mcfarlane

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