How to get around the difficulties of cryptocurrency in mining?

As you might know there are majority of cryptocurrency users that are interested in mining in cloud or having a rig or two at home.

Apart from a few points which I have mentioned in one of my past articles, such as electrical bill and price of spar e parts for the rigs, there is another point which I believe we should consider even before thinking of how we are going to mine.

I am referring to difficulties of each coin which is based on number of blocks that can be mined and number of users which are mining in general terms.

Bitcoin, Ethereum and recently Dash have become more and more difficult to mine. Specially there is new tool for dash now which is called “Bitman Antminer 3D” with a hash rate of 15 gh/s and priced at $2699.

https://shop.bitmain.com/productDetail.htm?pid=000201707201601357978QhCAWa5065C

As the the difficulty rises, more and more electricity is needed if the user wants to maintain the same amount of coin.

The same thing happens in mining in cloud where the user has to buy more hash power.

So one could as ask, what is the solution if one wants to keep mining?

Well, it depends on your mining company. There are some which are fixed and you can only mine what you have agreed to.

But in Genesis mining you can choose other coins even though you have bought any of the three coins (or all three) mentioned above.

Lets imagen that I have bought different amount for each coin (Bitcoin, Ethereum and Dash).
After you have registered and bought the hash rates of any coin (I leave the link and the code below).

You go to "Mining Allocation" second option on the right hand menu and you'll see the following screen.

Now you can see that bitcoin is activated and if you scroll down, you will see that automatically is dedicated to 100% mining bitcoin.

Now you can choose any other coin which has less difficulty to mine.

One very important thing I have to mention here is that the coins that you see with (AUTO) mean that, if your earnings in bitcoin is $20 a day, at the end of the day it will be exchanged to the coin which has the word (AUTO) and is not mined.

But the coins which don't have this word, they will be mind such as "ZET COIN".

Please remember that this rule is also applied with Ethereum and Dash coins.

So we choose one coin with AUTO and one without (you can choose what ever you want).

Now you can see the % has changed for bitcoin. In another words you distribute your hash power as you like and save the modifications and go back to MINING ALLOCATION.

The same goes for Ethereum and Dash which you will see below.

Now I choose Dash.

Scrolling down we can see that 100% is dedicated to Dash.

Now I distribute my hash power as I like (based on the %). Please do not forget about coins with AUTO and with AUTO (please see above) and save the modifications and go back to MINING ALLOCATION.

Now Etherum:

Scroll down, I choose Steem and Etherum classic and save the modifications.

Conclusion:

This is the best way of distributing your hash power between different coins which have less difficulty and you can earn more and use them for other purposes.

Do not forget to set address wallets for your new coins in settings.

Please use this code "CJ0igm" and get 3% off every purchase on Genesis Mining and/or get registered by the following link below!

https://www.genesis-mining.com/a/362795

Thank you.