STEP BY STEP: HOW TO CREATE YOUR OWN BUSINESS BASED ON BITCOIN AND CRYPTOCURRENCY

in #bitcon7 years ago (edited)

THE TRADES REFUGE IN THE SPECULATION TOWARDS THE RISES AND LOW. BUT THE BITCOIN BUSINESS GOES A LOT BEYOND WHAT WE CAN KNOW. HOW TO MOVE TO THE CRYPTOFIEBRE IN OTHER BUSINESS VERTICALS WITHOUT FAILING?
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It is not considered news that the bitcoin has high profits and as soon as a business decides to invest in it, the rates are very high, however the price varies. Many traders and brokers are entering the Bitcoin business because it is becoming increasingly popular - and legal

What is needed to start?

As any company requires a capital, in addition to a basic knowledge of what is this world, for example here we have The main components of an exchange of cryptocurrencies

Do not buy Bitcoin, cut it down

Bitcoins are those rewards that users can receive that use different devices to validate many transactions through the technology that creates the blockchain. This reward in the form of a cryptocurrency is an incentive that the miners receive for being part of the bitcoin community, giving their contribution of calculation power, often resulting in cryptographic problems that contribute security and decentralization to the system. In addition, the miners earn bitcoins in the form of fees for each transaction. Another business around cryptocurrencies is to become a miner. How to know if it is business? To calculate the costs that can generate in addition to the profitability of mining, it is necessary to take into account several aspects:

Price of electricity.

Price of the components that we buy for it.

Duration of those components before they become obsolete.

Amount to which we can sell them once they become obsolete.

Hash rate that we can get with those components. That is, the power necessary for mining.

And of course, monetary value of the cryptocurrency in question
To start mining we have these platforms that are some of the most complete

WhatToMine is the most complete.

CoinWarz

CryptoCompare yes

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