Mining Cryptocurrencies are becoming harder so what else can we do?

in #bitcoin7 years ago

Most people who are interested in cryptocurrencies know the advantages of mining them. Unfortunately this is becoming harder and harder, specially on a personal level. Yes, we can sign up with wallets that will allow you to buy some cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Dash using a wire transfer or credit card. What if someone wants to invest in other Altcoins that aren't available through a wallet?

You would have to use a trading platform such as Bittrex, Cryptopia, Poloniex and others. However, you can only trade with cryptocurrency. So if you don't mine you would have to purchase (exchange) using your FIAT currency via a wallet. The problem with this are the charges that the wallet and bank/credit card company will charge you. It can be quite expensive.

The best way in my opinion, would be mining your favourite cryptocurrency. However, purchasing mining equipment are very challenging nowadays with very limited companies offering this. They often are ''out of stock'', have poor customer support and late dispatch dates. Consequently, the amount of fake and scamming companies claiming to sell these equipments are increasing at a high speed as demand continues to grow.

So what can we do?

I decided to do look for an alternative and after some research I found that Cloud mining is a great option. When you cloud mine you don't have to stress about energy costs, maintenance, noise and other problems that your mining equipment will give you. There are many companies out there but only few with good reputation, transparent business model and most importantly, effective customer relations/support.

I joined Genesis Mining and Hashflare and so far they have not let me down. Great returns, quick payouts and fantastic affiliate programs should you choose. They give you options on which cryptocurrency to mine and you can allocate your hashpower as you go.

I'm not here to promote them but to share my experience as I know a lot of people like myself, are very excited about Cryptocurrencies but find lack of support to kick start.

Here are the links for them if you want to check it out:

https://www.genesis-mining.com/a/1350651
Use this code when signing up and purchasing your hashpower for discount: GHBrTk

https://hashflare.io/r/DDFCF1DF-24

Hope I have helped somehow and should you have queries don't hesitate to ask.

Love!

Sort:  

Congratulations @wescrypto8! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You made your First Comment

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @wescrypto8! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You made your First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Nice post! I will follow you from now on.

Congratulations @wescrypto8! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @wescrypto8! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.25
TRX 0.25
JST 0.040
BTC 94487.77
ETH 3419.70
USDT 1.00
SBD 3.51