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Showing 2 of 2 results by lazycat
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Board Mining support
Re: How to start Mining ?
by
lazycat
on 16/11/2017, 11:57:52 UTC
The easiest thing is to start cloud mining.. The advantage is you pay a one time fee based on how much mining power you want and what coin you want to mine.. and it will mine for you for as long as mining that coin is still profitable.   I like genesis mining because the allow you to move your purchased mining power around from coin to coin or even split it amongst coins.

If you are interest, use this link and get a discount on your purchase. https://www.genesis-mining.com/a/1814914

If you want quicker results, and are willing to take a risk, checkout bitconnect where you purchase bitcoin and lend it our for 1% daily interest: https://bitconnect.co/?ref=eliddell



Noob here! I understand that cloud mining is easier to start with, but is the actual mining still worth it? I googled a little and it seems it is getting more complicated to effectively mine a block, so using a regular pc is worthless and you may end up paying more electricity. But if you manage to have a small farm, is it still worthless?
Post
Topic
Board Bitcoin Discussion
Re: Why should people use Bitcoin?
by
lazycat
on 16/11/2017, 11:50:43 UTC
Some good reasons why you use bitcoin.

1. It is fast. Transactions are instantaneous and confirmation times are usually done withing 10 minutes.
2. It is cheap to transfer any amount of money anywhere. Fees are insignificant at this point.
3. Your bitcoin are your alone, they can't be blocked by bank, IRS or any institutions.
4. There are no charge backs.

I am pretty new to this, so i'm sorry if i ask irrelevant questions... I understand that this is an easier and cheaper way to transfer money, but it is also very volatile currency. If you send someone 1000 USD they can appreciate/depreciate in value by the time they arrive at their destination? Or is it a fixed rate transaction?