How to “Mine Ethereum” and Earn 8% Interest?
The entire cryptocurrency market is in a positive tension in the past few days. And ETH price is about to touch $400, showing bullish behavior.
Will Ethereum price go along the way up to an all-time high? How to earn ETH?
For Ethereum mining, miners must apply their programming power to solve mathematical puzzles. You also need to be equipped with specific Ethereum mining hardware and software.
The question is: when we can earn up to 8% interest from ETH staking, is Ethereum mining still worth it?
Even though there are several Ethereum mining apps, it’s still too demanding for us normal users. And our mining can never compete with those large mining pools. On the other hand, many centralized and decentralized products now support ETH staking with satisfying interesting rates.
We tried all those platforms and select the ones we think are worth recommending because of their relatively good interest rates and simple user flow.
Nexo
- Flexible.
- Low entry barriers.
- Relatively stable interest rate.
BlockFi
- Flexible.
- Low entry barriers.
Crypto.com
- Multiple choices for the duration.
- Users that stake 100,000 CRO or more earn an additional 2% p.a. on fixed-term deposits (paid in CRO). CRO is Crypto.com’s token. With 1,000 or Less CRO Stake: flexible 2%; 1 month 4%; 3 months 6%. With 10,000 or More CRO Stake: flexible 4%; 1 month 6%; 3 months 8%.
Compared to 3 centralized finance products we recommend, DeFi products have rather lower interest rates; and the rates change every second depending on the market supply and demand.
