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RE: #2 GPU Mining Guide. How to make a profit Beginners and Advanced users
My advice would be to purchase an L3 miner on hashnest website. litecoin is the most profitable coin to mine today.
My advice would be to purchase an L3 miner on hashnest website. litecoin is the most profitable coin to mine today.
I personally dont recommend buying hash. Litecoin is not the most profitable by a very long way. You are better of buying LTC directly as renting hash relies on teh price of the coin going up to make money.
WIll give the step by step that I am using: (Not saying that you guys should do this)
1- buy an L3 machine on hashnest.com for $ 3600
2- Wait the L3 stock run out (usually takes 5 days to the stock run out)
3 - After the stock runs out ...let it mine litecoin for 10 days
4- After 10 days the price of the hashpower on the market doubles ...then u just sell the L3 that you purchase for 3600 for 7200. (You will have 100% profit + the 10 days mining litecoin)
5 - Wait the stock of L3 to be available again and this time you will purchase 2 L3 and do the same procedure.
6- repeat the process
Check it out: https://steemit.com/cryptocurrency/@virtualcoin/get-rich-with-litecoin
Sorry man I just don't have any interest in get rich quick schemes or things that requires risk and coin price to magically go up. This just doesn't sound plausable. If it is I wish you luck.