Easiest way to mine Cryptocurrency (Genesis-Mining)
Hello all. I have just started my youtube channel today.
In this video, I talk about Genesis-Mining. While owning your own mining rig can be more profitable than cloud-mining, I believe cloud-mining is still a viable option for those of us without the resources or time to keep a rig going.
Genesis-mining: 3% discount code eA75Ps
I would like to begin this comment by saying that I'm relatively new to cryptocurrency, but I'm looking into it. My biggest concern with this is there any catch to it whatsoever? What kind of processing is needed on a computer to be able to handle the mining process?
Otherwise, I thought it was a great video. My only criticism would that if you state that there will be a discount code at the end of the video, and then give the code below, people won't watch the video fully. But I don't think taking out either would be a solution.
Hi infinitea,
There is no catch to Genesis-Mining. You get what you pay for. There are short agreements to read when buying from them, and I do suggest you read them. In short...bitcoin mining has a maintenance fee of about 28%, but it doesn't cost you anything. It just comes out of your daily payout. Every other contract has NO maintenance fees.
The kind of processing power you would need to mine bitcoin nowadays is way more than any household computer would have. For other coins, you could build a profitable mining rig but it would cost thousands of dollars. Your profit would most likely be higher with your own rig, but you would be left with the burden of keeping it running 24/7. At Genesis-Mining, they have experts to keep the rigs running so you always have cryptocurrency coming in from your contract. You don't need any computing power yourself. All you need is a computer to access the website and have a hardware wallet, which takes very very low resources. This is why I say this is the "EASIEST" way to mine. It really is.
You can use a site called coinwarz or cryptocompare to calculate the profitability or all avenues.
Thanks for your criticism on the video. Feel free to keep asking questions.
Feel free to give criticism on my 1st video.
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