Bitcoin Mining How to Start?
Bitcoin is the first crypto currency introduced in the world. In last decade it has improved its value to nearly 2800$ and it will be improved in the future more than that. Firstly when this introduced people believed this is just another fraud and did not invest on this while some teenagers got the advantage and invested on it. Some started mining Bitcoins. Bitcoin difficulty levels were very low at the beginning.
People who started BTC (Bitcoin) mining that era is richest people now in crypto currency terms. They can withdraw their BTC in Millions of US dollars today. In today’s economy markets BTC has been speeded and mushrooming all over the world and people even introduced ATM machines where you can withdraw and deposited BTCs,
After bitcoins turn up some altcoins (alternative coins) introduced to crypto market. Some are them are Eherrum and litecoin. As a result many coin exchanger sites started. Nowadays most famous exchangers are CEX.IO poloniex. Bittrex
Breaking ice. If I come to the point
Is Bitcoin Mining Still profitable??
My answer is yes.
Although it is 2800$ and difficulty levels are so high still we can make some profits in long-term mining BTC or any other altcoin which as a good improvement in the future. If you can analyses the market and decide which coins is going up probably you can be the next millionaire in the crypto market itself.
What are the problems Miners face?
Most big issue here is hardware cost. To mine BTC or any other altcoin you will need to have good hardware which cost you the most. And the other thing is electricity cost.
To overcome these all. Some companies provided cloud mining
Most trusted cloud mining Websites are
Genesis Mining
Hashflare
Personally I do cloud mining and made profits on this and in the long run it may can make you a millionaire in near future ;)
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