Cryptocurrency Mining
Investment: P70,000 - P1,000,000
Process:
1. Buy Components for that will enable your computer to mine the currency.
2. Turn your computer on and let it stay that way to mine as much as possible.
3. Sell your currency.
Evaluation
Risk: 50% - Cryptocurrency rates change fast. A bitcoin might be 1BT = $620 right now and later after 1 hour 1BT = $410. The exchange rate is very volatile.
Effort: 10% - You only need to know how everything works and once you have bought the right components to mine, you just leave the computer 24 hours turned on and let it stay that way to mine the cryptocurrency of your choice.
Return of Investment: 300% - 1500%
Rate of Return of Investment: 6 months to 2 years
Possible Monthly Earnings: Up to $1000
How Cryptocurrency Mining works
Cryptocurrency is the type of currency that is generated by completing and accomplishing complex equations and algorithms using the calculating power of computers. You need a miner, a computer that is equipped to fully be efficient in mining, in order to gain cryptocurrencies. There are a lot of cryptocurrencies out there but the most popular these days are Bitcoin and Litecoin.
Things to Remember:
1. There are a lot of things to consider if you want to try this option out. Cost of electricity, maintenance of the components and immediate changes of cryptocurrency prices are just few of them.
2. The return of investment in this self employment option is quite high but might take a lot of time. This is solely base on how many coins you will be able to generate and how much those coins will be by the time you're able to sell them.
3. It is a better option to hire a miner than own one. Find a company that provides this service but don't be so sure that by doing this, you will have sure income. It will depend on how many coins you'll be able to generate and the price of the coins by the time you sell them.
4. If you are willing to try this option, invest at least P500,000 for the components (5 Miners) and necessary equipment.
For more information, visit these websites:
http://www.bitcoin.com/
https://bitcoin.org/en/
http://startbitcoin.com/
http://www.bitcoinmining.com/
http://www.cryptonetwork.net/prices
Process:
1. Buy Components for that will enable your computer to mine the currency.
2. Turn your computer on and let it stay that way to mine as much as possible.
3. Sell your currency.
Evaluation
Risk: 50% - Cryptocurrency rates change fast. A bitcoin might be 1BT = $620 right now and later after 1 hour 1BT = $410. The exchange rate is very volatile.
Effort: 10% - You only need to know how everything works and once you have bought the right components to mine, you just leave the computer 24 hours turned on and let it stay that way to mine the cryptocurrency of your choice.
Return of Investment: 300% - 1500%
Rate of Return of Investment: 6 months to 2 years
Possible Monthly Earnings: Up to $1000
How Cryptocurrency Mining works
Cryptocurrency is the type of currency that is generated by completing and accomplishing complex equations and algorithms using the calculating power of computers. You need a miner, a computer that is equipped to fully be efficient in mining, in order to gain cryptocurrencies. There are a lot of cryptocurrencies out there but the most popular these days are Bitcoin and Litecoin.
Things to Remember:
1. There are a lot of things to consider if you want to try this option out. Cost of electricity, maintenance of the components and immediate changes of cryptocurrency prices are just few of them.
2. The return of investment in this self employment option is quite high but might take a lot of time. This is solely base on how many coins you will be able to generate and how much those coins will be by the time you're able to sell them.
3. It is a better option to hire a miner than own one. Find a company that provides this service but don't be so sure that by doing this, you will have sure income. It will depend on how many coins you'll be able to generate and the price of the coins by the time you sell them.
4. If you are willing to try this option, invest at least P500,000 for the components (5 Miners) and necessary equipment.
For more information, visit these websites:
http://www.bitcoin.com/
https://bitcoin.org/en/
http://startbitcoin.com/
http://www.bitcoinmining.com/
http://www.cryptonetwork.net/prices
0 comments:
Post a Comment