The Best Bitcoin Mining Strategy

When most people make their first investment into cryptocurrencies they purchase bitcoin and there is nothing wrong with taking that route but there is a more profitable way to invest into bitcoin.

Mining Profitability

Bitcoin mining profitably is very high at the moment. It is more profitable to invest into a mining contract than it is to purchase bitcoin, that is because you will be renting the mining equipment and that will earn you more coin over time. Most of these mining contracts last for one year and for the duration of the mining contract you will be continuously increasing your coin count and in the case of Hashflare.io your initial investment you will be recovered in about sixty days and that is based on the current bitcoin price, so that will give you ten months of pure profit on the purchase of each contract.

So that is far more profitable than just buying some bitcoin because if you just buy bitcoin the value will continue to increase but your coin count will remain the same. If you mine bitcoin the value of the coin I will increase and the coin count will also continue to increase for ten months.

Reinvesting into mining contracts

If you watch the video above you will notice that he reinvest with the bitcoin that he mined. That is all great and very profitable but if you think about it you will realize that you are spending bitcoin that was mined to buy another mining contract and that bitcoin that you spent is also continuing to increase in value but it is no longer yours because you spent it.

If you have a day job that pays you in fiat currency or if you have cash to invest it is better to hodl your bitcoin and buy new contracts with cash and that way you are not spending your valuable bitcoin that will continue to increase in value. That will workout to be even more profitable than it was described in the video above.

If you found this information useful you can use this referral link to purchase a hashflair bitcoin mining contract.

Hashflare Mining
https://hashflare.io/r/A625EEDC

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