How I Made $4,211 Mining Crypto in April 2024

How I Made $4,211 Mining Crypto in April 2024

over the last 2 years I’ve purchased and reviewed dozens of different speculative crypto miners on this channel in this video I’m going to share exactly how I made $ 4,211 with all those miners in April of 2024 this is a monthly Series where I track all my income from crypto mining running crypto nodes minus my current expenses such as electric and hosting costs so I can share with you my net income for the month stay tuned as I have a refreshed Roi or return on investment analysis for every minor which I’ll share with you later in this video most of the projects we’ll be reviewing today fall within crypto’s dein space which stands for decentralized physical infrastructure Network it involves using blockchain technology and token incentives to build and maintain physical infrastructure and solve real world problems I think dpin will be one of the biggest winners in this bull market so it’s not something you should dismiss now I can’t sugarcoat it it’s been an awful month for crypto mining most of the tokens we mine are down 30 40 50% a couple even more than that well except for one which could be our Hidden Gem but more on that later in this video the poor price action isn’t going to deter me if anything this should be seen as an opportunity to double down on some of our strongest projects this month marks 24 consecutive months of sharing this month-end earnings review data with you on this channel I put this together for you so if you learn anything from this video I really would appreciate it if youd hit that like button for me so I have these projects sorted from most to least profitable we’ll give some highle commentary over each we’ll start off with here at the top so number one project for the month are my Bitcoin miners I have six of these s19 Pro 110 terahash Bitcoin miners which I have hosted with big cap hosting I pay about an 8 cent per kilow hour hosting rate so that’s my expenses there of $1,164 so we netted $451 for my Bitcoin miners this month now one thing to keep in mind with Bitcoin mining is we did just have the having here on April 19th this month so that cuts their rewards for miners in half going forward if we go here I do have a summary of my mining rewards by day for the month I pulled this from my pool you can see there was a huge Spike here on April 20th and that’s due to runes minting on the Bitcoin network uh essentially that caused Bitcoin uh transaction fees to spike temporarily there you can see our mining rewards have fallen off considerably uh since and now we’re back to about half the rewards we were seeing uh prior to the Bitcoin having now right now my mining is underwater I did update this calculation here that’s showing my current U mining rewards based on the latest data today we’re at a loss of 76 cents per day per minor uh so essentially we’re going to need about a 14% increase in uh the Bitcoin price to bring these miners back to profitable uh bringing us just about $69,000 so moving on to number two number two project for the month are my steepen nft shoes uh this is a move to earn project I’ve been doing this for about a year and a half essentially involves uh walking and then you earn uh these GST tokens for walking every day now they did have an air drop this month uh that’s really contributing to the higher earnings we’re seeing uh it was this website more uh where I connected my wallet and I got a free air drop uh worth $275 it was actually paid out in their Governor’s tokens which is GMT uh so this will not be a recurring uh air drop going forward at least I don’t believe so these earnings should go back down uh next month number three project is my high fix space weather station this m is the Geo token this is essentially an antenna and receiver you mount on your roof and it helps to provide accurate gnss data which helps to improve uh GPS signals accuracy across the globe as I alluded to at the beginning of the video this is our one really strong project we’re seeing this month uh the price of the Geo token was up 24% month over month and that is a big outlier compared to some of these other projects we’ll see on the list today that are down substantially uh so it made $394 for the month a couple things to note for geode uh the max earnings per day currently is 48 tokens you can see here I’m earning just over 46 tokens per day and that’s really due to I believe some trees that are around my house that may be uh causing a slight loss in my daily rewards but as you can see it’s only a little less than 5% reduction uh the other thing to note is uh the Geo token has an annual having so we’re going to have a having coming up here at the end of June you can see last year it dropped from uh 90 or let’s see 96 down to 48 and then it’ll drop from 48 down to 24 for and I’ll be earning a little less uh come July of this year but a really strong project for geod I’m really excited where this project is going to go it’s still very small in terms of total market cap so I think it’s still a gem of a project out there number four are my flux nodes I have two nimus one Stratus and some Stak on Titan for my flux nodes nothing really going on with flux this month uh the token like a lot of other tokens are down substantially down 37% but these are still profitable uh I have these hosted with Tech no so I pay 120 bucks a month uh to have these hosted with them uh coming number five is Hive mapper this has been disappointing uh this month uh only making $257 for my two Hive mapper dash cams now those of you aren’t aware I have a double dash cam set up in my car so one dash cam is front-facing and then I have one out the side window and I saw an 81% decrease in the number of Honey tokens I earn this month you go over to this uh honey rewards history you can see here’s my history over time now I did get the second dash cam in December of this year of last year so that’s contributing to that big spike in the num number of monthly rewards I saw starting in January and then continuing over the last several months you can see this drop off this month is very substantial uh by far the lowest number of monthly rewards I’ve seen since uh getting into this project in previous months I was earning between 3 and 4,000 honey tokens sometimes even more per week uh in total and in the last couple weeks I’ve been earning 5 600 tokens total so U very disappointed in terms of the amount of rewards we’re receiving here but you know the several thousand dolls we’re making a month uh you know we knew aren’t going to last forever so still $257 a month isn’t uh anything to cry about right number six we have a new project it’s my salana chapter 2 phone pre-order I pre-ordered this back in January uh for $450 we started to receive some air drops related to this pre-order this month so I’m going to track these uh going forward as well uh and see if we can pay for this well before we get the phone I know uh at one point this month the value of these three airdrops is actually worth more than the $450 uh I prepaid for this phone but obviously they have gone down in value uh along with a lot of the rest of the crypto Market over the past couple weeks but it’ll be exciting to see uh how much this phone will actually be worth in terms of air drops once we get them all over the next year or so number seven is a project we’ve been in for a very long time my demo data miners I have two of these they’re both level four contributing $121 for the month what I like to do with demo is track our weekly rewards to see our Trend change over time over the past several months we were seeing five six plus percent decreases week over week we really did see quite the trend change over the last several weeks this month we’d actually see a over 10% spike in the week of 415 and then we’ve really seen a Slowdown in terms of the decrease in rewards that may be due to a decreased number of people moving on to the network but that’s good at least for us who are receiving rewards going forward because it means more monthly rewards for us Now demo like a lot of the other projects today is down pretty substantially this month down 35% since uh last month number eight are my fry miners I have six different fry Miners and they made a total of $114 for the month so we’re receiving double daily earnings right now because the price of the fry token is well below one penny anytime it’s below Penny you receive double daily rewards so these are the daily rewards that I’m receiving at fry tokens for each device multiply that by the days of the month we’re looking at a total of 65,000 fry tokens for the month I did see on their Discord today they did end up forming a dow for the project which is good because I think it’ll provide some uh oversight for the project in terms of rule changes and uh people having an active voice in the changes the project going forward comment number nine are my presearch notes uh only contributing $113 for the month now I’m down to $15 no as I had stated last month I sold about 2/3 of my total uh pre-search Tokens The pre-search Token has really been a dog of a uh token so far uh the last several years it’s well below bare Market lows at this point and it continues to keep making lows unfortunately I don’t know that presearch is going to be uh a project that’s going to pay off long term but I’m still going to run some nodes uh just as a expectative bet here but it really does not seem likely that they’re going to take take out Google or at least take any substantial Market here in the immediate future but uh I’ll continue to support it by running a few notes number 10 is my helium Bobcat 500 this mine’s the mobile token and provides uh 5G coverage for uh helium’s mobile network only made $97 for me this month uh number 11 is my salana Saga phone uh so what I’m going to do with the salana Saga going forward is just uh track the value of new airdrops each month we go over to my on a saga tab as you can see here there are a bunch of basically worthless meme coins that they keep dropping into my wallet and it’s a pain for me to try to track the price of a lot of these coins uh every month so really I’m just going to track the value here of each new airdrop I receive each month and put in this analysis I’ll probably throw screenshots of my wallet just so we can see the total value of all the rewards uh so we track it over time but I don’t see any value of you know tracking some of these tokens that are basically worthless um each month so that’s what we’ll do going forward you see there was a quite a big decrease in terms of the total value of the rewards versus last month we’re down to $1,300 versus ,700 last month but to be expected with the the crypto Market uh the way it’s been recently number 12 is a new project this month it’s called getg grass I did a video on it a few days ago I’ll link it in the description if you want to check it out it’s basically a bandwidth sharing app where you earn these test net points which can actually currently be converted on whales Market So currently making $69 for the month you see their token is down pretty substantially versus last month as well that’s to be expected right uh number 13 is my phone Farm I added one more phone this month so I’m up to 50 uh phones mining uh bars coin uh only making 40 bucks for this month uh one thing new I’ve note this month with the phone Farm is they did actually announce merge mining with this token called R uh it’s on the pirate chain uh but I looked at the value of the r I’ve re of R I’ve only made about $22.50 of R so I don’t think it’s going to be a a big money maker in terms of those merch mining but at least it’s a some additional Revenue bringing in to my phone Farm uh number 14 are my streamer nodes I have the staked on the streamer network uh nothing really going on here just making a little under 40 bucks for the month number 15 is crank uh the crank token once again is down substantially this month I think it’s I don’t know that this token has ever been up uh since we started covering this over a year ago uh but only making $29 for the month I did see today they have uh they’re currently working on getting listed on a deck and I think they may actually have gotten this through today so maybe that’ll help to provide some liquidity and interest for crank going forward number 16 my IP poo G1 minis I have three of these mining grin uh solo mining we found 19 blocks this month so not a bad haul for my grin tokens this month number 17 map metrics just make in just under $16 for the month I think they are doing a relaunch of their token here in the next couple months but I haven’t seen an announcement of when that’ll happen so I have the value of this token based on a DEX I found uh so really only making a little over 15 bucks a month I did see today they just announced a transition from they’re moving from salana onto this other layer one called Peak I did a little research I’d never heard of peak and I couldn’t find really much of a uh active price for it I don’t know that’s going to be the best decision long term but we’ll see uh we’ll follow this we’ll see how it goes for map metrics number 18 deeper connect mini this is a VPN that I run for my home uh currently just making $16 the month they did just have their having back in January having those rewards uh number 19 ET CMC nodes this one has really fallen from Grace over the last several months I’m happy we were able to get into this early but it’s really been a a dud in terms of performance for this project especially the last several months just making 15 bucks for my four ET CMC nodes but it doesn’t cost me anything to to keep these up so I’ll keep these up and running until basically the earnings uh go poof and there’s nothing left uh number 20 my helium B iot miners I still have two of these down they’re actually my miners that are on crank when I set them up on crank my uh helium my iot mining stopped working I probably need to troubleshoot it but it’s really not worth my time you can see the three other ones I have are just making about of a buck a month uh number 21 pii not making much here just a little under two bucks a month next we have my exam Miner my storage had reset a couple months ago so I’m basically earning nothing again on this until I started to build up uh the storage capacity on this but even at my Peak I was still making a couple bucks a month for this this really been a dud of a project uh next one anoy still on testnet uh 24 Wing bits still testnet no TBD uh weather XM they also delayed their token launch it was originally I think supposed to be in February uh but they delayed it so they could uh do some additional fundraising and they haven’t provided any ETA cents then 26 modus mini that I think they’re also planning to go live here in the next several months this been a nice cheap project but as many of you’re aware I’ve had issue trying to get mine set up um but I know that’s not the case for everyone uh number 27 galaxus engine they did just announce a couple days ago they will be launching their token in miday so I’m been excited to see what the value of these uh galaxis tokens will be in terms of our engine node then finally we have my future bit Apollo Bitcoin miner I run a full Bitcoin node I run it unprofitability but it helps to uh support the Bitcoin Network so I’ll continue to do that I want to take a quick second to give a shout out to crypto jar and Chris begell who started to put together their own month end earnings review videos each month go give them a follow and check out their videos I think they may never realize how much work this type of video takes to put together each month so Props to them uh for taking this on so next let’s look at the minor graveyard so there’s no new additions to our minor graveyard this month but as you can see here this is basically littered with every gold shell mini box Miner I’ve ever owned as well as a lot of other projects that ended up either being Ponzi or fell apart so just keep in mind that not every project is going to be a big winner that’s why I like to diversify across many projects because you never really know which ones are going to pop off and which ones are going to die so trying to manage your risk uh that’s how I do it as I manage my risk through essentially diversification next let’s take a quick look at the ROI analysis that put together for this month we’ll start with the assumptions I’m making here so we can level Set uh first minor fair market value estimates are based on recent uh comparable minor sales I’m either seeing from eBay or from the manufacturer’s website these in almost all cases are not my purchase costs I pay uh generally a lot more for these miners because I bought them previously and generally minor prices fall over time next these is my current net income is my actual mining results L my expenses uh yours may be different and then this is as of a point in time end of April 2024 minor value and income amounts are obviously going to change over time as mining mining difficulty changes and the price of these tokens uh change over time and finally this is not Financial advice and don’t use this as your sole justification uh to purchase a minor or a node so we’re going to go over this real quick uh I’ll get some high Lev commentary over some of these but I don’t want to waste your time on this one other other thing in column B here I do have a color coding system where I rank each project uh green I think are some of the strongest projects uh red are projects I would essentially stay away from then yellow have been kind of iffy but it may be worth taking a shot at so our number one here is my steping nft shoes I have this marked as red because this is essentially really a Ponzi scheme uh it’s a move to earn project I think I’ve Roi at this point but I have walked I think over like 800 miles so far and most of it’s around my house in the winter so it’s kind of a waste of time but it was an interesting project when I got in it was making like 50 bucks a day it was ridiculous but this has also distorted this Roi here because this is looking at my current value of my air drop I receive this month so I would essentially ignore step in here in terms of an Roi I would stay away number two is the high fix geonet space weather station uh this has been a big winner of a project recently the performance of the Geo token has been pretty phenomenal it’s still a really tiny project I think it only has like a 20 or $30 million market cap uh so a huge room for growth here it is on the little pricer and coming in at 600 and uh $25 for uh your space weather station but it has been a nice set it and forget it project for me and unfortunately they do have a little delay here in terms of delivery versus order of 6 to8 weeks but this has been a big winner for me and uh out of all these projects in this list today this would probably be the one that I would recommend the most in terms of picking up right now just next we have my salana chapter 2 phone it’s currently priced at $500 versus the $450 that I pre-ordered it in uh January now this is still pre-order so you’re not going to get your phone till sometime in uh I think first half of 2025 but you will be eligible for immediate air drops so this Roi of 61 days is obviously distorted because it’s looking at the value of my current month air drops and anual ium to Cal a break even so the break even will probably be quite a bit longer but I fly expect uh the value of my air drops is going to far exceed the cost for uh this device I’ll put a a link in the description below if you want to pick up one of these for pre-order number four Hive mapper this has kind of been a disappointing project especially this last month with the decrease in earnings I’ve been seeing but they are coming out with a new dash cam is called the B they’re expected to deliver sometime in Q3 but really I think if you order now it might not be till Q4 till you get it but you they are offer a 2,000 honey bonus uh for making a pre-order overb which is currently priced at $469 so at the current value of Honey tokens you’re looking at probably about half the cost getting knocked off that by uh making a pre-order now which will greatly reduce that cost for you so if you’re not already involved in high mapper I think it’s worth a shot in terms of ordering this High mapper B has been a great project for me even despite some of the reduced earnings I’m seeing over the past uh several weeks next we have my demo data miners this this has also been a huge winner for us especially those who have been in this with me since the beginning this one’s paid off many times over as well it’s been a set it and forget it project so it’s been really passive for me and it’s nice it’s lower cost only at $299 you’re looking at a break even of looks like just under 6 months at this point for the demo data miners number six your fry miners now I probably put this closer to a yellow than a green here but it is also quite passive and it’s very easy to sit up and I like that they’re low cost especially compared to some of the other miners on our list today a little longer Break Even time at this point I do have a 35% discount if you want to pick one of the fry miners up uh number seven map metrics I have this one marked as yellow I’m kind of concerned that they’re moving blockchains here uh but we’ll see how it works out for map metrics this is another drive to earn project uh number eight helium Bobcat 500 these are quite pricey you really need to have a good location if you’re going to try to install one of these uh because I think at this point you may be a little late to the party in terms of helium 5G mobile mining uh Bitcoin mining at this point it’s not profitable based on current prices today I expect that to change because I think Bitcoin is you know going to Rally coming in to the rest of this year and next year uh so I think that’ll keep these profitable long term but it is quite the investment and really if you’re going to get into Bitcoin mining you probably want to get some of the newer age Bitcoin miners that are much more efficient than uh this model here uh number 10 streamer nodes this is distorted because uh you’re really just staking your coins and earning a yield so this Roi is not really accurate whenever you’re staking coins on a node uh you really don’t really want to think of it in terms of Roi of a uh Asic minor or even a GPU because really a lot of times you can just unstake your toone coins at any time and get them back you’re not locked in uh like you would with a some cost of a actual physical minor purchase number 11 is salana Saga I one this one marked as just due to the very high cost of this device and I don’t know if you’ll still be eligible for a lot of those previous air drops anymore at this point uh number 12 deeper connect mini I have uh 75,000 deeper token staked on my de deeper connect mini uh so that’s really contributing to my higher rewards they have a reward tier system so I get Max rewards every day due to the amount of deeper stokens that I sted uh number 13 crank uh you need an eligible device to on board that does include in this $250 uh total cost this is for your license and then you need to stake some crank tokens uh to get joined with this project but the Roa is really falling on crank uh recently as the token continues to fall uh number 14 I Polo G1 mini this is one of my last uh at home as6 miners uh it’s been a you know a decent winner for me over the past several years it’s actually one of the first miners I reviewed for on this channel but you can see the ROI at this point is pretty miserable coming in at almost 3 years moving down to the bottom of our list we have at number 15 as a presearch note once again my Roi here is distorted because you’re just staking your coins each month and I’m also receiving a monthly airdrop uh on my presearch nodes which I think they’re doing through the rest of 2024 uh so that distorts the ROI here but I have pre-search marked in red here just because the coin has been such a poor performer uh number 16 phone farm this is a nice uh easy project to get involved in especially if you have some phones laying around the house next ET CMC nodes stay away from that helium Bob kit iot I’d also stay away number 19 pii the yield on this is quite awful at this point but the pii token did Just Launch last month uh so we’ll give this some time if you have an extra wear element sitting at home might be fun to spin this up uh since you just have to pay for initial license cost uh to get this up and running number 20 flux node uh this is also a dist started Roi cuz you’re just staking uh your flux tokens on your node but you see the ROI for these flux nodes is quite awful at this point just a 5.9% annual yield on these flux notes and finally running off our list today are the test net projects which don’t have an Roi yet uh the ones marked in green I think are the strongest ones and worth uh looking at red ones I would stay away and get grass has um some risk involved with it but uh watch my other video on that for more on get crass I have discounts for most of these miners which I will put links to in the description below if you choose to use my links it does help to financially support this channel so thank you in advance if you choose uh to pick anything up thanks for watching bye

In this video I review my April 2024 crypto mining income. This includes income from crypto mining, running crypto nodes, and interest earned in decentralized finance (Defi). I also estimated monthly expenses such as hosting fees and electricity to calculate my net income for the month. I include a break-even or Return on Investment (ROI) analysis in the video. I found the current FMV of each of my cryptocurrency miners and compared that to the current monthly net income each miner generates to calculate how long it would take to payoff the cost of each miner. I have been sharing this information monthly for the past 24 months. To see any prior month end earnings review videos, see the ‘Monthly Earnings Reviews’ playlist on my channel. If you have any questions, feel free to ask in the comments below. Thanks for watching!

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⏰ TIMESTAMPS ⏰
00:00 – Intro
01:09 – Income by project
15:00 – Miner Graveyard
15:31 – ROI analysis

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