Well let me tell you about minig crypto currency.
There is 2 types of mining :-
- you own your own mining rig
2)you invest in cloud mining.
Last month one of my friend told me that he tripled his money by mining online. Well tripled sounds good right , so i thought of giving it a try. Even though my fren was already into this i didnt ask much about these to him instead i tried doing my own research. DOing your own research is always a good idea because at last you will be investing you own money not ur frens.
So while loking for mining in google i found pout that there is 2 types of mining creating your own mining rig (cpu) or buying some hashrate in some sites which will mine crypto currency for you.
So after looking for 1 week or so i noticed one thing and the thing was all the article related to miningwas old, old in the sense was writen back on 2017. So i couldnt get a better picture of mining thoug those articles help me understand how it works. So why i am writing this post is if any of u get confused on wat to do how to mine or which mining you should take up, ill help you decide on those things on the basis of some information.
So when is it good to own your own mining rig?
Its good to own our own rig if :-
i have good money to make my own rig (ining cpu)
i got cheap electrucity in my place
the enivronment is cold in my place and some for but these are the main things.
Ill expalin a little here, see building ur own rig is quite costly, plusnit need maintenance plus engineers to look into it. And the heat which is produced while mining is too much that it may spoil ur graphics card or cpu so you have to make sure that these alll things are met prperly o run your mining rig in a smooth way.
So when is it good to do cloud mining?
its good for those who dont have much to invest and dont have cheap electricity in there place.
So how to start cloud mining? Its really simple ill recomend you 2 sites to do cloud mining and these are
Hashflare, genesis mining. Well i have a account in hashfare and its been 2 weeks mining bitcoin. These sites are legit i check in google but before you invest in cloud mining please read the terms and condition properly.
So how it works , just make a account in hashflare , there you wil get some options among bitcoin etherum litecoin or equicash u can mine any of those . For mining you need to buy some hashrates which wil solve algorithms for you. Once you buy hashrate of any price your contract starts with hashflare and all the contracts are for 1 year long. Before it was for life time but now changed to 1 year contracts. OK so for this time ill leave it here plz give me some positive comments which will encourage me to write some more in future. thank you :) yours cryptokidboy.
https://hashflare.io/r/3D8B5A4F and yeah plz use my referal code in hash flare if u gonna make a account in it i might get some bonus :). And yeah lastly 1 more thing You know its never to late to start anything new. So you guys give it a try who knows ull be the next millionaire. I hope my mining gets success and i become a millionaire :P
Heres a link to hashflare
https://hashflare.io/