How to start mining?⠀
Have you ever googled the word "
miner"? You can find at least 1,5 million pages about it.
Moreover, it is not so difficult to visit mining industry events in US, Latin America or in Asia as well.
That means people are involving in this topic. Some of them even make money from mining.
The others are just planning to do it.
We hope that this text will be useful for readers from both categories.
Let's see, how you can start mining step by step.
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Step #1 Choose a place⠀
Decide where you will mine. It could be your home.
Otherwise, in this case you need to be ready for spending a lot of money.
To buy the equipment you need about several thousands of dollars.
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A few years ago solo mining was more profitable, than now.
One of the key reasons is related with increasing its production capacity.
According to a new report by monitoring resource Blockchain,
hash rate in Bitcoin's network has passed a record 102 Quintilian hashes for the first time in the history of the cryptocurrency.
By the way, hash rate it is a unit of measurement for determining the processing power of equipment.
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On the one hand, increasing capacity means that the level of security in the net is rising. So, the Bitcoin Network now is not susceptible for hacking.
Although, on the other hand, miners need to have more effective equipment, and it will be more expensive.
In other words, you can't earn money from solo mining.
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Step #2 Understand the processIf you want to understand how cryptocurrency mining works, you don’t need immediately to buy hardware, which prices start from $2000.
One of the options is to choose cloud mining service. As a rule, customers pay only fixed payments for rental equipment and electricity. For example, you can choose ECOS, where minimum price of contract is $20.
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Step #3 Just do it!Digital market will flourish in the next years. In many regions, like in the US and Europe, officials are making efforts to legitimize it. That is why investing in cryptocurrency, especially in the mining sector, is a great opportunity to raise capital.
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Don’t waste your time!
Start mining!