In this article I am going to explain how anyone with a internet access device, such as smart phones, tablets, laptops and tops can make money by mining bitcoin and other cryptocurrencies. I will also explain to you what cryptocurrencies are, and what cryptocurrency mining is. First off, let me start off by saying that I am one who use to complete doubt and had no trust what soever in bitcoin, and cryptocurrencies in general. Yet lately, after over 7 years of being aware of these opportunities, I have began to see things differently. There is a saying that says that “people fear what they don’t understand,” and now I can say cryptocurrencies have proved that quote to be correct because I feared investing in cryptocurrencies because I did not understand them.
WHAT IS CRYPTOCURRENCY?
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation.
WHAT IS CRYPTO CURRENCY MINING?
Cryptomining, is a process in which transactions for various forms of crypto currency are verified and added to the blockchain digital ledger. Each time a cryptocurrency transaction is made, a cryptocurrency miner is responsible for ensuring the authenticity of information and updating the blockchain with the transaction.
Crypto currency has come very far in the past few years. There are now cryptocurrency atm’s, cryptocurrency debit and credit cards. Plus there are many thousands of businesses accepting crypto currencies as payment for their products and services, particularly bitcoin. Bitcoin has already become an international household name, and other cryptocurrencies are on their way to doing the same.
HOW TO MAKE MONEY MINING CRYPTO CURRENCIES, PARTICULARLY BITCOIN?
There are many companies that offer the opportunity to mine bitcoin and other cryptocurrencies. I use HashFlare. With Hashflare i am getting ROI (return of investment) in 2 to 3 months and spend the rest of the months of the year profiting. Return of investment with any company depends on factors like difficulty and the price of bitcoin. Even with a crash where bitcoin price dramatically, one can still invest now, get their money back in 4 to 5 months, and still have 7 to 9 months to make profits.
For example; I started off with $80 on a 1 year mining contract. Off that $80, I am mining an average of $1 per day. At $1 per day, I make my $80 back in 80 days, and spend the rest of the 285 days in the year profiting. Thats is a $285 dollar profit or about 300% profit increase. Plus Hashflare has a reinvest option, where the individual takes the earnings and reinvest it to earn much, much more!
Hashflare is 100% legit, yet I am not trying to persuade you to join HashFlare, I am just explaining to you what I do with Hashflare, and showing you that it is a clean way to make money online from the comfort of your device and home. To make money with Hashflare is easy, legitimate and safe!