Health, Wealth, and Happiness |
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"If crypto succeeds, it's not because it empowers better people. It's because it empowers better institutions" - Vitalik Buterin |
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| Howdy investors!
Bitcoin mining is now pretty much dominated by the huge mining farms, but that doesn't mean there aren't opportunities in mining other tokens with your home PC. Today we look at the top five cryptocurrencies for mining with a PC.
Bitcoin's more than 80% rally this year has increased the dominance of the leading crypto to 49%, it's highest in over two years. Bitcoin dominance is an important metric because historically when it is higher (above 50%) the entire crypto market turns bullish.
In a reverse course, the SEC has withdrawn charges of violating securities laws against the founders of Ripple. The XRP token has rallied in response, with investors becoming more optimistic that Ripple will eventually win out over the SEC.
In other government action, FinCEN is looking to improve transparency around crypto mixers in a bid to curtail financing of terrorist activities. Of course it will also help curtail personal privacy...you decide if the tradeoff is worth it.
And now, let's jump in to the newsletter! |
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Best Cryptocurrencies to Mine with a PC in 2024 by Danielle Greving |
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| Investor Takeaway: The landscape of cryptocurrency mining has evolved, making traditional PC mining less profitable, especially for bitcoin. However, opportunities still exist in mining alternative cryptocurrencies such as Ergo, Quantum Resistant Ledger, Monero, Grin, and Æternity, each offering unique value propositions and mining algorithms.
Mining bitcoin with a PC is no longer viable due to the increased difficulty and the advent of large-scale, specialized mining operations. However, there are alternative cryptocurrencies that can still be mined using a PC with appropriate hardware and software.
Here we provide a detailed guide on mining various cryptocurrencies such as Ergo (ERG), Quantum Resistant Ledger (QRL), Monero (XMR), Grin (GRIN), and Æternity (AE), each with unique market capitalizations, hash algorithms, and recommended mining software and GPUs.
We also discuss the significance of choosing the right GPU for mining, emphasizing efficiency, power consumption, and profitability.
Read on for the best cryptocurrencies to mine with a PC right now >> |
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| Premium Power-Ups Level up your crypto investing game. |
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| NEW Blockchain Risk Scorecard: Basic Attention Token (BAT)
BAT, or Basic Attention Token, is a digital currency used within the Brave browser ecosystem. The project aims to let users earn BAT for viewing ads, enable creators to receive BAT for producing content, and offer advertisers better campaign returns while maintaining user privacy.
Our BMJ Risk Scorecards were developed to evaluate the risk level of blockchain-based crypto investments. The scorecard involves rigorous questioning across several categories to assess different aspects of the investment. |
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| Today's scorecard is specifically focused on the Basic Attention Token (BAT), and will give you a baseline for determining the risks and potential rewards for including this unique utility token in your own crypto portfolio.
Premium members can click here to download the BAT Risk Scorecard.
Become a Premium member and get access to our best crypto investing content, from crypto rating scorecards to exclusive webinars and workshops. If you're not a member, click here to join today! |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor Takeaway: Bitcoin's rising dominance in the cryptocurrency market, now surpassing 49%, underscores its resilience and strong performance amidst prevailing global economic uncertainties such as inflation and geopolitical risks. Its year-long rally, marked by an 81% price surge, highlights its attractiveness as an investment that can potentially minimize risks.
With the increasing likelihood of a Bitcoin spot ETF approval, investors might view Bitcoin not only as a robust digital asset but also as an ideological hedge against broader market and global uncertainties. |
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| Investor takeaway: The U.S. Securities and Exchange Commission (SEC) has dropped charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen, who were accused of violating securities laws through XRP token sales. Following this decision, XRP’s price increased by 5%. Despite this withdrawal, the SEC continues its broader case against Ripple, a case considered crucial for the future of cryptocurrency regulation in the United States.
The SEC dropping charges against Ripple’s executives marks a positive development for Ripple and XRP investors, reflected in the immediate rise in XRP’s price. However, investors should exercise caution as the SEC continues its broader litigation against Ripple, and the case's outcome remains uncertain. |
| Investor takeaway:The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed a rule aimed at enhancing transparency around international Convertible Virtual Currency Mixing (CVC mixing), citing it as a major money laundering concern. FinCEN emphasizes that CVC mixing services have been extensively used for illicit activities by various malicious actors globally, including terrorist groups and rogue states. The proposed rule aligns with the Treasury’s broader efforts to combat the misuse of the CVC ecosystem by entities such as Hamas and Palestinian Islamic Jihad for unlawful activities.
This indicates a move towards stricter oversight and regulation in the cryptocurrency space, aiming to curb illicit activities. This could impact the operations of certain cryptocurrency services and may influence investor sentiment towards privacy-focused crypto assets and services. |
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| | | Long-Term Wealth $1K invested at today's market prices |
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| This asset | invested 5 years ago | is now worth | | Bitcoin (BTC) | $1,000 | $4,835 | | Ethereum (ETH) | $1,000 | $3,863 | | Uniswap (UNI)* | $1,000 | $741 | | BNB Chain (BNB) | $1,000 | $15,955 |
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| Note: The future may look different from the past. Please invest carefully. * As UNI is less than five years old, we calculate from the launch date (Sep 2020). |
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| | ICYMI In Case You Missed It |
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| Blockchain Basics Explain Like I'm 5 |
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| What is Proof of Work? The Quick Guide for Crypto Investors |
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| | | Share This Meme Copy, paste, and post |
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| Mining is vastly improved. (Thanks to OpenSea memes.) |
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| Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
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