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Re: Looking To Start A Small Business With Bitcoin
by
pinkflower
on 05/05/2017, 08:27:37 UTC
How Friends I Want Start A Small Business With Bitcoin With Daily Or Weekly Payment Any Idea From Where To Start Will Be Thankful.

try to invest using a computer rig with a high specs it would bebetter if you have many gpu in your computer you can mine many alt coins that you want and later on you may convert it to bitcoins. it is one of the good advices.

Another bad advice. Mining has been more competitive than ever especially if you want to start mining the popular cryptocurrencies. Maybe youll earn some coins but it wont be enough to pay for your mining rig. If you dont know what youre going into, dont do it without the proper research.
Both popular and unpopular coins will not support mining as a small business but it may help when we are approaching in industry levels. Yes, mining bitcoins as a high volume business may be possible but as of now it may require some millions to get start but given to subject to availability of cheaper electricity and cooling process.

I am having a plan of mobile refilling start up both online and physical shop for my local people. I guess it will be having decent chances for hitting as per my study.

If mining a particular altcoin reaches industrial level of mining, the more it becomes more specialized. The more it becomes specialized, the harder it is for anyone to compete with the other miners thats more efficient. You will also need more money to invest a mining farm. It makes it harder.

How large is your market for a mobile refilling service? I have seen some come and go without reaching much success.