Here’s why I’m done with BNB crypto miners, why I won’t invest anymore, and what I plan to do in alternative.

My perfect start with BNB miners

I had a perfect time with crypto miners. Especially the end of last year and the first quarter of this year were terrific.

Initially, I started with BNB Miner many months ago. From today’s perspective, I can say that this was an excellent decision since the return has been fantastic. Actually, BNB Miner is the only miner that hasn’t disappointed me yet. On the contrary, it seems that BNB Miner is the only legit (if this word is suitable for a miner) out there.

The glorious era of BNB miners is over

However, it seems like the glorious era of BNB Miners or general miners on the Binance Smart Chain is over. So, as a result, I promised myself: It’s over — I’ll never invest in any Binance miner again.

The reason is apparent: The number of scams has grown exponentially over the last months. I actually have the feeling that BNB is full of scams.

Here’s a summary of my scam experience (just) in June:

StableBNB: Rug pull (I think it was even the end of May). Thankfully, I have had no significant losses since I started investing at the end of April.
Board Ape Fun Club: Rug Pull after two weeks. In this case, I lost my entire investment. However, I only invested a small amount of 2 BNB.
Baked Cats: Rug Pull. Actually, one of the maddest I’ve experienced so far. I lost around 90% of my initial investment of $500.
BNBSeed: Rug Pull just after two weeks. Thankfully, I didn’t invest much and didn’t lose much in this case.
Solar Farm: No hard pug pull here. However, the daily rewards have been falling almost down to zero. Therefore, I’m still trying to get my initial investment back.

And actually, that’s just the tip of the iceberg. I’ve read about many more projects that rugged recently.

And to get this clear: I’m well aware of the risk involved in crypto miners. Therefore, my investment strategy incorporates the risk. However, it seems like some groups are copying/pasting miners and rugging them after a short time—again and again. And that’s a game I don’t wanna participate in.

What’s my alternative to BNB miners?

So, what’s my alternative? As mentioned in one of my last posts, I will continue using BNB Miner and Baked Beans for sure — as mentioned, I’m still happy with both, although the rewards of Baked Beans are declining. But still, I consider both miners as some of the most legit miners (if legit can be used in the context of miners ;))

Besides that, I will continue exploring new projects on the Cronos chain as it seems that the amount of scams is still lower on this network (at least for the moment). Mainly I’m watching these three projects:

Wizardly — Seems to be the biggest CRONOS miner with more than 170,000 CRO locked. With 8% daily and 5% fee, it looks similar to Baked Beans. Link to Wizardly
MineCroft — A smaller yet exciting project. Currently, only 30,000 CRO are locked and paying 9% daily returns. Link to MineCroft
Crocodile Nest — Actually, my favorite one: 8% daily return, 4% fee, and currently almost 90,000 CRO locked. Link to Crocodile Nest

Important: Some of the links I share here contain affiliate links.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.

This article contains parts of already published articles which you can find on my profile!

Why I Won’T Invest In Any Binance (BNB) Crypto Miner Anymore!