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ALEO is trading in the $1.16 area, having risen more than 11% in the last 30 days.
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Currently, this Cryptocurrency is one of the most profitable for GPU Mining.
Currently, the Aleo cryptocurrency (ALEO) is positioned as one of the most profitable options for mining with GPU (graphics processing unit).
At the time of this article, this practice with ALEO produces 1.22 net dollars per dayaccording to data from Whattomine.
Recently, CriptoNoticias had reported that ALEO was the most profitable GPU-minable coin. As of November 22, 2024, data reflected daily net earnings from 0.86 dollars.
Aleo combines Proof of Work (PoW) with zero-knowledge proof technology (zkSNARKs), a cryptography that works to validate transactions without revealing sensitive information.
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To mine this crypto asset, one of the most recommended processors is the NVIDIA GeForce RTX 4090, released in October 2022. This GPU has a computing power (Bitcoin/” target=”_blank” rel=”noreferrer noopener”>hashrate) of 9.80 KH/s (kilohashes per second) and an electrical consumption of 320 watts, according to Whattomine.
Here it should be noted that the estimated calculation prepared by this site is done considering an electricity price of 0.10 dollars. This directly influences profits, so in a different consumption environment, income would decrease or increase.
The mentioned GPU, in turn, has a market value of approximately $2,700 and the estimated period to recover the investment (ROI) is 4 years and 7 months, depending on factors such as the electrical cost and the future performance of cryptocurrencies. .
Currently, ALEO is one of the most profitable GPU minable cryptoassets. Fountain: Whattomine.
As seen in the previous image, for those miners who require a less expensive initial investment, there are more affordable GPU options.
Such is the case of the NVIDIA GeForce RTX 4080 Super processor, launched in January 2024. This GPU has a power of 7.60 KH/s (kilohashes per second) and a consumption of 270 watts. In addition, it has a market price close to $1,020 and an estimated ROI of 2 years and 4 months.
Another alternative is the NVIDIA GeForce RTX 4070 Super Ti, with a power of 7.20 KH/s, the same electrical consumption and a cost of $800, offering a more competitive ROI of almost 2 years.
ALEO’s price rises and its mining profitability increases
ALEO’s current profitability demonstrates how price changes can reinvigorate interest in GPU cryptocurrency mining, in a context dominated by ASIC mining.
According to data from CoinGecko, the price of ALEO rose from 1.16 dollars since November 22 to a peak peak of $1.88 on December 1st. Although it is currently trading at $1.32, its market capitalization has increased from $300 million to $380 million in the last month.
In GPU mining, miners bet on cryptocurrencies that could experience a explosive growth in the future.
This strategy, although potentially lucrative, requires choosing the right coins carefully, as not all of them can meet those expectations.
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