Cryptourrency for starter part2 (mining crypto coins)

Hello fellower steemian's i do hope you have a great day today. Without waiting much time,let me move down straight to the business of the day. The part 2 of this post (mining crypto coin).

I start today post with a story of a teenager boy who has a fore sight of cryptocurrency. In 2009 a young teenager boy invested 5000$ into bitcoin when it was less than a dollar in 2014 there was a quick change in the world of crypto coin which lead to the rise in bitcoin. This made the young teenager boy a millionaira at a young age. Right now the young boy has invested in over 200 different aitcoin (other coin).

Mining procedures

You need to get a legit site for mining of your bitcoin or aitcoin. We have many site out there that are scam and are ready to rip you of your hard earn money, you have to be extra carefull but in the next post i will be sharing with you trusted and old with well experience on mining site that you can invest and also mining for free. Remember when you mine free on this site most especially bitcoin they give you fraction in return. So i advice you mine other small coin so as gain much from them.

1. A computer or a good android phone will be good for starting up a mining process.

Mining can be in two form

i. It is either you purchase a mining pool which helps you in mining of bitcoin

ii. By join other site where you clain faucfet it can be hours interval or once a day. They will be giving you satoshi in return for your claim. The best i suggest is buying a mining pool and watch your investment grow. Know free launch even in free town lol.

1. Bitcoin mining very competitive nich to get into. As more and more miners come on board with the lastest mining hardware the difficulty to mine increase each day. Before starting with bitcoin mining you need to do your due diligence. This mean you need to find out if bitcoin mining is even profitable for you and the best way to do this is by using the bitcoin calculator. Site to buy a minig pool a good example is bitclub.( more post still comig on the meaning of hash ware,bitcoin calculator and bitclub) we are just starting one step at a time.

2. After purchasing or claiming of bitcoin either way you choose, you need need a wallet were you can keep your coin. For bitcoin alone i suggest blockchain. It is the best and most secure, mind you we have other wallet that are also reliable like coinbase etc. If you are willing to invest in more than bitcoin instead of having different wallet for each coin, coinomi is good, it can store more than 50 different coin for you in a single app. You can download this app on playstore. One of the usefulness of this app is that you can check the current price on it. My next post will also be explain how to send and receive coin on this wallet and also the market where you can trade your coin into cash (money).

3. Find a mining pool.

Now that you have a wallet you need to join a mining pool to make bitcoin (money). A mining pool is a group of bitcoin miners that combines their computing power to make more bitcoin. In a pool,you are given a smaller and easeir algorithm to solve and all of your combined work will make you more likely to solve the bigger algorithms and earn Bitcoin that are spread throughout the pool base on your contribution.

For any question, kindly drop them in the comment page i will attend to them. My next post will be on how to use those wallet and the market to trade your coin. If you miss the first post you can still read it onhttps://steemit.com/crypto/@olusolaemmanuel/crypto-currency-for-starter

If this post has help you please upvote and resteemed to help others. Meet you tomorrow again.