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Bitcoin Mining: How to Make Money from Bitcoin mining

Started by Sub5, Jun 01, 2019, 11:04 am

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One of the most popular ways of how to profit from Bitcoin is Bitcoin mining. There can be two forms of mining -

    Personal mining
    Cloud mining.

If you want to mine individually (meaning, with your own mining rig), it might not be the best way of how to make money with Bitcoin.

Bitcoin is considered to be one of the tougher cryptocurrencies to mine since it's a subject of mainstream success and a lot of people want to pitch into the hype, yet there's a limited supply of it.

A single rig, as good as it could be, might struggle to produce significant profits, especially when you consider the electricity and maintenance prices.

Cloud mining, however, has become very popular over the last few years. It's a great alternative when it comes to mining because you don't need to buy any hardware or software, assemble or even DO anything - all you need to do is pay a one-time fee for a contract and that's it!

Usually, at the end of every month, you'll receive your earnings. The amount will be based on your plan of choice and the electricity bill at the facility that the cloud mining service is based at.

Overall, cryptocurrency mining is a very popular method for people searching on how to make money with Bitcoin. It does require some knowledge and expertise in the field to be able to perform it successfully (especially if you want to build your own rig), but the effort is definitely worth the results.