Crypto Mining and all I know, and think you should too

in #crypto7 years ago

Hi guys. First thing you should know that I have only been doing this a few months, I've known about cryptocurrency for years but I only recently started indulging in it and all of the services it offers and I have looked around in various different places, so this article is solely of what I know and what I have researched and learned through my own experience. So this article is on the sole basis of my own opinions that I would love to share with the rest of the world, because no knowledge and no different perspective should be bounds for what you can learn and achieve through it if done with good intentions. I get carried away a lot.


Source

If you're not into mining and earning free crypto currency, this is either something you want to get into or it is just not for you. My honest opinion would be to get into learning about this so you can earn currency, it is the future currency. Might be a bubble, might not be a bubble, but as of now it is making so much money and it is money for everyone to just take if they want it.

Now I will just dive right into it. Whoooooosh.

MINING: 

What is mining, you would ask? Ever hear of how people mine gold or diamonds? It's a similar concept except we're mining digital currency, using computer hardware like your Graphics Card and/or your Processor to mine a certain amount of digital currency, say Bitcoin for example by solving blocks of data every second, processes that data into blocks which then make bits and bits of Bitcoin and the amount of power you want it to consume can also be set by you manually.

There are various ways to mine and the easiest way would be to either invest/rent your own mining equipment which is minus the electricity costs and the maintenance it will take to mine any form of crypto currency.

Cloud Mining is another mode of mining; this is where companies have their own setups built and structured to mine for you on a contract basis, it can range from anywhere between 3 months to a year. There are also many lifetime contracts for mining, and you get consistent returns everyday. People use Genesis Mining and/or Hashflare for Cloud Mining, they are legitimate.

Cloud Mining:
Hashflare.io
Genesis Mining
Eobot

There are MANY scam websites you will need to look out for if you ever want to get into mining and cloud mining on the whole, I will show you a few websites that look like they are legitimate but are in fact actually just a bunch of scams flying around all over the place.

scam
scam
scam
scam

There are a few vital things you need to look out for when indulging in anything cryptocurrency to check if the website, platform or service you are using is legitimate or not. Few of the easiest ways is to check who's involved in the company, if it is a registered company and also if you can find the White Paper on their website.

Mining pools are the most viable next to Cloud Mining in my opinion, cloud mining is better if you don't want to invest in mining equipment and consume your electricity to mine any cryptocurrency. I would say Cloud Mining is better because you're just going to have to invest only your money and have to wait around to get your returns, you don't even have to constantly check if you've invested in Cloud Mining.

Pools:
Miner Gate
Mining Pool Hub

Lastly, I want to talk about the different free ways to mine and all the legitimate websites I have discovered where you can mine for absolutely no cost at all.

Free Mining:
Faucet Hub
Bitcoins43
CoinPot

Note: CoinPot and FaucetHub are also microwallets that allow you to earn free Bitcoin and crypto currency through numerous amounts of different portals and along with that have free mining.


I am very open to suggestions on how to write better, so you guys can do your thing down in the comments section below.

If you guys liked this article please upvote and follow me: @vishire

I will make more stuff like this in the future!

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This is your best post yet! Yay

Lmaoooo ty Swee.

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Great post there, keep up good work !

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