Diving head first into Crypto:

So this last week I spent most of my free time, what little I give myself researching crypto currencies. I found myself trying to figure out which alt-coin is the going to hit it big. It seems a lot like gambling in a way, you can invest time and money just to come up short. Most of us have a dream of winning the lottery and make those imaginary lists of plans on what you would buy if you got that big pay day.  The truth is with the volatility of the crypto-market there is a lot of money to be made. On the flip side for some of us to make that digital dollar others will need to lose it, I guess that there is a Yin and Yang that goes with every market. 

After my research I decided to make some investments, not only to just make some money and keep that armchair millionaire dream. I also wanted to be able to try to invest in the crypto community, since I do enjoy the idea of a decentralized currency that can be used around the world.  

Photo by: Michael Wuensch on Pixabay.com

After a few days of reading articles and watching endless Youtube videos, I decided to invest my time and money in three ways. (One logical way, One physical way, and One way that seemed too good to be true)

First the logical way:

I heard from some friends of mine that there was a website, where a company in Iceland (Genesis-Mining.com) is buying all this hardware and renting it to investors to mine cryptocurrency. They allow you to buy contracts to determine how much "hashing power" you have to mine the blockchain. After visiting the website I looked at various calculators and decided to invest some money to mine Bitcoin and Ethereum. From what I have read it seems like a decent way of at least doubling your money over the term of the contract. The site offers daily payouts as long as the contract is profitable. That is the only catch it is possible that the difficulty increases of the cryptocurrency mining becomes unprofitable with the use of electricity.

Second the physical way:

I decided I would build my own Ethereum Mining rig. Obviously this is a huge endeavor after learning about cloud based mining, and how the hashing difficulty effects the profit. I am a geek at heart so the idea of tinkering and constructing a physical machine consumed my mind. I spent two days designing this machine in my head, and then another day shopping for parts. Needless to say nothing ever is delivered on time, so it is still not yet complete. I was able to get it partially up and running and mining out of a portion of the cards I had available. Which I will share photos and more info on this once it is completed. 

Lastly the too good to be true bit:

While contemplating cloud based mining, and building a mining machine. I came upon this other investment website, that claimed to have a investment robot that invests based on the volatility of bitcoin, named BitConnect.co. I have heard of trading robots on the Forex exchange doing the same thing with physical currency.  The theory behind it is you invest your hard earned bitcoins and trade them for BitConnect tokens. With these tokens you have the option to make a loan with the robot and it pays you a preset daily interest amount daily. Again if you take your daily payouts you will likely double the investment money. Though this website allows you to compound the interest of your loan. Which over the loan date of 299 days this would allow you to multiply your investment 15-18 times over.  That seems absolutely amazing, after even more digging I found that they have a referral program as well, which adds to the too good to be true aspect of this site.  This referral program works like a multi-tiered marketing platform, where "everybody wins". If you have someone signed under you, you receive a percentage of their loan in your lending wallet. I have to say I am interested to see if this pays out as well as it claims. So far there has been a daily payout on average of 1% and the BCC token has increased in value and remains in decent standing on the crypto currency market. I will post more about these investments for anyone who would like to know how they are working out for me, or just hit me up with comments or any questions.

If you are at all interested in either genesis-mining, or bitconnect feel free to use my referral codes.

Genesis Mining offers 3% off in using anyone's affiliate code:    

OpfIB8

Bitconnect:

 https://bitconnect.co/?ref=artonymous

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