Crypto Mining

On my previous post, I mentioned there are few ways to earn crypto. Mining is one of the earliest way. Crypto mining involved computer hardware (Processor, Graphics Card, Asic-miner). There are many algorithms used in crypto mining.
Crypto mining is a process that verify transactions in cryptocurrency and add it into the blockchain ledger.

While crypto mining might be complicated to those who not familiar with computer, there is cloud-mining company that helps solving these problems. There are a lots of cloud-mining companies out there and not all of the companies are actually doing real mining process(Having the hardware that actually mining).

I have sign up with a few cloud-mining companies and below are the list:-

• Genesis Mining
• Genesis Mining is a mining company with actual hardware. It is shown in a few videos posted in youtube.
• Currently only have DASH mining contract.
• Use my referral code - XRjkm4 for 3% discount on your purchase
• Hashflare
• Hashflare did not reveal it mining hardware.
• Currently only have ETH mining contract.
• My referral code - D17827E0

Besides cloud mining, I am doing actual mining. One of the easiest way for beginner to do actual mining is using a browser. 

• Coinimp.com
• Coinimp is a javascript miner that mine on Monero(XMR) (one of the top 20 coins) and Webchain.
• Mining Monero will require lots of computers as the minimum payout threshold is too high.
• Mining Webchain profitable than mining Monero. Webchain minimum payout threshold is low at 10 web (Usually obtainable in 1 or 2 days of mining).
• How to mine? - Just sign up at Coinimp.com, click start mining on webchain and leave the page on.
• How to trade? - Webchain can be trade in Stex exchange. After reaching minimum payout threshold, transfer it to Stex exchange for trading.

Next post I will mention about faucets,  free way to earn cryptocurrency.

Remember, first rule - Do Your Own Research (DYOR)

Cryptocurrency

What is cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation[sos].

Cryptocurrency has been a hype since the rise of Bitcoin (BTC) in 2016. Many have join the hype, hoping to get involve in the revolution of blockchain technology.  

This post is to guide those who wanted to join the hype of revolution but didn't know where to start from. 

First thing always, do your own research (DYOR). Cryptocurrency is a high risk investment. Before start investing your hard-earned cash, remember "Invest only what you afford to lose".

There are few ways to obtain crypto coins. I will explain in the following:-

• Mining  
• Mining crypto is the earliest way of getting crypto coins.
• Many types of algorithms in market
• Costly (Hardware and Electricity)
• Returns are determined by the difficulties (difficulties increase when many are mining the same coins)
• Purchasing
• Purchase can be done in a crypto exchange  or P2P trading.
• There are many crypto exchanges out there.
• Verification (KYC- Know Your Customer) is usually needed.
• Faucets
• A reward system that give rewards in crypto.
• There are many crypto faucets out there.
• Claim crypto coins after doing captcha or task offering.
• Time costing.

Above is the main ways of obtaining crypto coins. I will show more details in the next post for each of the ways.