Most people who are interested in cryptocurrencies know the advantages of mining them. Unfortunately this is becoming harder and harder, specially on a personal level. Yes, we can sign up with wallets that will allow you to buy some cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Dash using a wire transfer or credit card. What if someone wants to invest in other Altcoins that aren't available through a wallet?
You would have to use a trading platform such as Bittrex, Cryptopia, Poloniex and others. However, you can only trade with cryptocurrency. So if you don't mine you would have to purchase (exchange) using your FIAT currency via a wallet. The problem with this are the charges that the wallet and bank/credit card company will charge you. It can be quite expensive.
The best way in my opinion, would be mining your favourite cryptocurrency. However, purchasing mining equipment are very challenging nowadays with very limited companies offering this. They often are ''out of stock'', have poor customer support and late dispatch dates. Consequently, the amount of fake and scamming companies claiming to sell these equipments are increasing at a high speed as demand continues to grow.
So what can we do?
I decided to do look for an alternative and after some research I found that Cloud mining is a great option. When you cloud mine you don't have to stress about energy costs, maintenance, noise and other problems that your mining equipment will give you. There are many companies out there but only few with good reputation, transparent business model and most importantly, effective customer relations/support.
I joined Genesis Mining and Hashflare and so far they have not let me down. Great returns, quick payouts and fantastic affiliate programs should you choose. They give you options on which cryptocurrency to mine and you can allocate your hashpower as you go.
I'm not here to promote them but to share my experience as I know a lot of people like myself, are very excited about Cryptocurrencies but find lack of support to kick start.
Here are the links for them if you want to check it out:
https://www.genesis-mining.com/a/1350651
Use this code when signing up and purchasing your hashpower for discount: GHBrTk
https://hashflare.io/r/DDFCF1DF-24
Hope I have helped somehow and should you have queries don't hesitate to ask.
Love!