How Does Mining Crypto Work?
Are you a bitcoin enthousiast? Have you ever dream of earning passive income online? If you answer YES to any of the previous questions then you might need to pay attention to what is about to follow.
My Biggest Mistake!
One of the thing i regret the most in my life was the opportunity I had to become a bitcoin millionaire. Yes, I said it! I did miss the opportunity because I knew when bitcoin was selling for a few cents. But, I did not understand it therefore I did not take any action or even follow the trend. To me it was just something that was going to disappear just like many other opportunities that I’ve seeing online.
The first time I can across the word bitcoin was around 2008 or 2009. My memory is a little bit fuzy right now but I think I’m close enough. At that time you just needed a few cents to buy bitcoin. Think of how many bitcoin I could have just for 50 or 100 buck? Fast forward 10 years into the future which is now bitcoin is now selling for 16000 USD as of the time of this post. Do you see how I could have been a bitcoin millionare by now?
Unfortunately, I did not take any action. But those who did, like that student which I’m not going to mention here, are now living the good life. But, here is the question, is it too late to profit from bitcoin? I thought it was until I learn that some big time economists and investors are predicting that Bitcoin might reach 20000 or 50000 or 100000 or even 1000000. If that is so then how can I position myself to avoid the mistake I made about 10 years ago?
Don’t Make The Same Mistake!
You just read my story maybe you have a different story. No matter what you story is what you need to understand is that Bitcoin is here to stay. Self-Made Millionaire Robert Kiyosaki states that he does not see the blockchain going away any time soon. So How do you position yourself to profit from it?
Some people I know decided buying and holding bitcoin was the way to go. Some others think that actively trading bitcoin or any other crypto-currencies was the way to go. But I must say I see flaws in both because Bitcoin or any other crypto-currencies so to speak is too volatile. But, there is crypto business that can make you profit no matter how low or high the crypto price is. What is it you ask? Well, It’s no other then crypto mining.
See, if you purchase a mining computer to mine crypto you will be in profit in no time. Because you purchase the machine once and it keep producing crypto. Now it might cost you some electricity but If you have third party host the computer for you then this is one less thing you will have to worry about.
The fact of the matter is there are many ways you can get involved in crypto mining. I have written a blog that provide detail information about a company that provide mining equipment and hosting for those of you who are interested in mining crypto (specially bitcoin). You can access the blog post by clicking HERE.