How to earn passive income mining cryptocurrencies | How I easily built a passive income of $1300 monthly in 10 months
How to earn passive income with mining cryptocurrencies. Is bitcoin mining still profitable in 2017? Yes!! See how much passive income I am currenly making monthly mining cryptocurrencies with mining contracts at galaxy mining with passively mining ethereum and bitcoin. I see this only increasing firstly because of the unique compounding feature in which 35% of profits are compounded into buying more mining power (to counter the increasing mining difficulty) and because I expect a big rise in value for both bitcoin and ethereum.
Warren Buffet is absolutely right with his famous quote "If you don't find a way to make money while you sleep, you will work until you die". I'm taking his advice to heart!
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You too can start mining your own cryptocurrencies from as little as $25 up to $500 ↪ Dragonmine
Why should you mine with Galaxy mine?
↪ What Is Galaxy Mine
✓ We are the safest and most generous bitcoin mine in the world.
✓ Best price value for money in terms of GH/s
✓No electricity costs
✓ Galaxy mine makes bitcoin mining as wel as multimining (zcash, ethereum, expanse and soon monero) available for everyone
✓ We use the latest mining equipment to produce bitcoins and other cryptocurrencies, therefore our output is higher than other miners
✓ Advanced Galaxy multimining technology (GPU Multi-Cryptocurrency Mining): Mine multiple coins with your GPU hardware equipment under one contract
✓You do not have to worry that your equipment crashes, overheats, goes outdated or has to be reconfigured – Galaxy Mine takes care of everything
✓No Pool- or Cloudmining, YOU own the equipment
✓ Withdraw your coins whenever you like
✓ No limit on the number of contracts
✓ 3 year mining contracts with compounding effect
✓ 100% Of your purchase goes into mining hardware (no deduction of fees or commissions, unlike other companies who ask up to 60%)
✓ Our number one goal is to be the most trusted and reliable bitcoin mine in the world
✓ The founder of the company, David Martin, has a strong proven record of integrity, honesty and a shared vision of helping others, Galaxy Mine will be around for a long time and is here to stay!
There is an automated repurchase (compound) of hash rate of minimal 35% to 100% to maximize mining power (adjustable daily). After 3 years the original GH/s of your contract is deducted from your accumulated hashrate and mining continues as well as repurchase, as long as the hardware remains sufficiently 'strong', or until mining becomes too difficult for the capacity to handle.
You can register through invitation ONLY, the field "Username of sponsor" must be filled in with "start" so you can enter and start mining!
★ OPTION A: Join as a member and start mining ($25 to $500 retail mining contracts):
➤Dragonmine
★ OPTION B: Become a member of the value club (license cost $405), start mining ($500 to $10.000 mining contracts at wholesale price) and enjoy the possibility to earn extra bonuses:
➤Skilldragon
Payments have to be done in bitcoin (except the license with credit card) so you need a bitcoin wallet, it's free. My favorites are Coinbase (get $10 free bitcoins when you buy your first $100 of cryptocurrencies the first 180 days of your registration) or Xapo
Choose to mine bitcoins or multimining ➙ select the mining contract of your choice ➙ pay with bitcoin ➙ Galaxy Mine buys the hardware from the manufacturer ➙ after 12 days your hardware is installed in our bitcoin mine and you start mining
More information about lifestyle galaxy mining and the value club:
Compensation plan (Value club):
➤ Compensation plan
↪ All Playlists:
➤Galaxy Mine
➤ What Is Bitcoin
➤Monthly Bitcoin Mining Profits
➤Monthly Crypto Mining Profits
➤My Cryptocurrency Adventure
➤Bitcoin And Crypto Mining
➤ Value Club Member Content
➤How To Make Money Playing Games
➤How To Make Money With Esports
*For the people who get the "Coming soon" screen: try visiting the site with your phone or another computer to check if that works. Either your country isn't opened yet or the problem is ipv6 related. Go to network center - adapter settings - right mouse click to wireless or LAN-link connection - features - turn off ipv6 and make sure ipv4 is on.
Wow, I need to get started. Are there any other tips for mining you can think about?
You should, if you want to builkd a passive income like me. And you can! I built this passive income with mining contracts, so it's super easy. You just buy the contract of your choice and galaxy mining takes care of everything. Just use a good strategy with the unique compounding feature (35% if you want the max payout, 75%-100% if you want to compound and expand your mining power to reap the benefits in the longer run. After registering everything will explain itself. If you need any help, just ask. Galaxy mining is not open yet to all countries, so I hope you are lucky.
I looked into these contracts a while ago, are there any drawbacks that you see yet?
Do you mean mining contracts in general, or galaxy mining contracts? Honestly, they have no competition, their contracts are like the Rolls Royce of cars.
What about when Etherium moves to Proof of Stake, like is planned? Won't that make the mining contract useless? Proof of Stake looks like it might be the future of crypto. Could that render your investment worthless? Really interested in investing in this, but with Proof of Stake looking like it might become the dominant player, I'm a little bit hesitant.
Great question. I don't know the answer, but I have forwarded it to an expert. I will get back to you.
This is the answer I got. So no wories here :) The mining package never becomes useless since it is MultiMining. Multiple coins offered for mining. If ETH mining no longer is profitable, we'll take it out of the multimining package and your mining capacity can be allocated to the other coins.
We are not selling investments by the way, but mining packages which include equipment and managed services.
Great, thanks for keeping my question in mind and getting back to me.
You're welcome. A promise is a promise!
It may become useless, if proof of stake does turn out to be the future of crypto. It is far "greener", but a transition for all coins certainly won't happen within the period of your mining contract, so I think you're safe there.
Time will tell!
Ha, I feel that coins are going to stay here, Proof Of Stake is a terrible idea, I would rather just mine stuff, gives me a use for spare hardware and makes money. Proof Of Stake basically screws that. I would stop using crypto if i couldnt mine it