Mining Bitcoins and other cryptocurrencies... It takes a whole lot of computer power and a whole lot of electricity. Some of you may know as of now, that isn't the case.
BOOM BABY!
Genesis Mining is basically an online dashboard where you buy mining power and in return, you earn money on the coins you're mining. So last night I bought myself 2 MH/s of Hashpower for a 2-year mining contract of Ether. For now, I'm going to be mining strictly Ether. The rate on which it is growing, this will have the best long-term return on my investment.
Speaking of that investment, $60. $60, which I paid for with profits from my Bitcoins, got me the 2MH/s which could pay for itself in only a matter of weeks. And at any time you can buy more Hashpower to upgrade, or buy into other cryptos. They currently have options to mining Bitcoin, Ethereum, ZCash, Litecoin, Dash, and Monero. Then you can also allocate how much power you put into mining different coins. As far as splitting the power up, you have the options of Bitcoin, Ethereum, Zcash, Augur, Ether Classic, and they just added Steem.
Use my code here: Oav2fN every time you purchase Hashpower to get 3% off the order. You can use that code every time, over and over again. Then pass your code off onto your friends and tell them how to do the same. Then we all earn bonus Hashpower, or you have the option to have your bonus paid out in BitCoins!
It's just a smart thing to do right now when all the speculation is pointing to the crypto world to blow up. Especially with Ethereum. Nothing I've read has said anything about Ethereum going away. In fact, everything points to just the opposite, as well as a total takeover of Bitcoin surpassing its value. Ethereum is going to decentralize the internet and give it back to the people. The technology that it's going to bring is insane, and it has already started. There is a brand new app being released in a few days, and when it does I will post about it and all its craziness!
Something else that is SO SIMPLE to earn coins that everyone should be getting involved in is BitConnect.
BitConnect is simple. You buy BitConnect Coins (BCC) with BitCoins (BTC), and then you turn around and lend those coins out to other people. It goes into a blockchain of transactions and the coins bounce around, all while you sit back and gain interest and capital. Then your interest goes into its own separate wallet, in which then you can reinvest it and earn even more interest and capital. Use my code for referral bonuses and earning BCC https://bitconnect.co/?ref=bamshaw
Also while you're at it. Earn free Bitcoins just by playing a game, every hour! Yeah, it's legit. And if you have over $10 USD worth of BTC in your account, you earn 4.08% interest! That's better than most banks!
Use my link here: https://freebitco.in/?r=5071346 to get some bonuses and check out the referral commission rates. It's awesome.
Here are some other coins I currently have some value in, not much, but enough to mention.
Monero, Factom, Bitshares, Maid, and Digibyte. I personally believe Digibyte will be the one that blows up, and it's so low right now you can afford to load up on them. I also think Maid as the potential to lift off as well, and when it does it will be quick!
I hope this article shed a little bit of light into things going on for those whom may be newer at this. I hope you've all enjoyed this while I've sat outside in some beautiful weather, drinking a beautiful cup of coffee, ripping a beautiful bowl, and watching my beautiful Ethereum investment go up.
All The Best,
Eddy
I think nowadays altcoin mining become faded. Since mining is not a good solution for scaling up the altcoin. The altcoin is going to change from POW to POs. And there are more and more ICO with fixed amount of tokens. So the future of mining is not so optimistic...
What about when new developments happen with these coins? Such as an app, or wallet, or dashboard. Asking to learn.
Really got into Genesis mining a few weeks ago for ETH and was doing them in bigger bulk buys, but I started doing it just +1 MH/s increments so I could use other people's affiliate codes and hoping they will use mine next time too!
I just used yours, it was only for +1 MH/s for ETH at $29.99 but looking to spread the love! I followed you also, trying to connect with people here on STEEMIT!
Next time you upgrade your hashpower use my code! NkQanX
Awesome bro! That's what I'm here for... spreading the love and sharing the wealth!
Yeah buddy!
Hey Bamshaw. I've used you code. Please feel free to use mine "aGbFSY". Will feature in my next video.
Awesome man thanks so much! I will for sure.
Hi Bamshaw,
When do you think we're going to see the flippening? Win 10 STEEM :) my link below:
https://steemit.com/ethereum/@steemthenews/the-flippening-is-comming-let-s-predict-the-flippening-date-and-win-10-steem
Awesome! I voted for June 23rd
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