The FASTEST Way to Make Money with Bitcoin
As I was telling you guys, Bitcoin is the REAL MONEY, and it is a money of the FUTURE. PLUS once you have enough bitcoin or a bitcoin "INCOME", you can tell the UNITED STATES corporation and the IRS to F#CK OFF, AFTER you junk your corporate citizenship and SSN, which people with REAL MONEY, DON'T NEED.
SERIOUSLY people, this is REAL money, REAL fast. And I don't mean any stinking FIAT currency. You can make BITCOINS by RENTING capacity on bitcoin mining rigs.
I knew about this, but had NO IDEA how profitable AND EASY it can be.
Now, there are TWO WAYS to do it.
ONE, you can buy a mining rig. The best one for bitcoin costs about $5500 on ebay or $4k directly from China. It's rated at 14TH(terrahashes) and it'll produce about 1 BITCOIN per YEAR, running 24 hours a day.
And since Bitcoin is now about $17k, you can profit around $12k by buying one and running it at your home. Of course it's a bit noisy, runs 24/7 and uses 1400 watts, which is about 1000kWh per month.
That's still a GREAT DEAL, especially considering that a year from now, bitcoin could be $170,000. Not bad on a $5k investment in 1year, huh?
The SECOND way to profit from it, and make REAL money, is to RENT MINING capacity. I.e. someone with a mining rig will rent it to you FOR A FEE. Below is one company that does that, and their fee is $150 per TH.
Now the mining rig I mentioned above is rated 14TH/s, so if you bought 14TH from this company, it'd cost you $2100/year, and you'd have an equivalent to having the actual $5k mining rig. MINUS having the headaches of maintaining it, providing internet connection to it, dealing with the heat and noise and electricity costs.
And like I said, 14TH will produce about 1 BITCOIN per year, so your $2100 investment could produce $17,000 to $170,000 profit in a year!!! How much would a bank pay you in interest for $2100? Not very much, huh?
Now this is NOT an investment advice, just an FYI. I'd post it here even if I didn't have an affiliate link that pays me 10% of new people signing in. And it's anonymous, they just want you email. You can pay with BITCOIN or with credit cards, but with credit cards they require verification.
Here's how to register:
1.Go to: https://hashflare.io/r/1E78B84C
Setup an account it only takes a few minutes.
2. After your account is set up click "Buy Hashrate" on the left hand side of the page.
3. From there choose "SHA-256" for bitcoin mining.
4. Use the sidebar to choose how much hashpower you want to buy and click proceed.
5. On the next page click select payment method and you can pay with BTC or with a credit card(there is no fee for using a card)
6. Agree to terms and click confirm
7. On the next page enter your payment info if you are paying by credit card. And complete the payment.
8. For first purchase with a credit card you will have to go into your credit card purchase history from you bank website and get the 4 digit code on the transaction and enter that code in hashflare so they can verify the card you are using is indeed yours and is not stolen.
9. You are all set. Your payout will be in bitcoin once per day.
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BTW, don't take my word for it. Here's a bitcoin mining calculator that shows you a BTC profit from 1TH. It's about 0.05769BTC per year, which is about 0.8 BTC/year from 14TH, AFTER the maintenance fees are deducted. Multiply that by today's price of bitcoin, or by $170k which LIKELY is what 1 BTC will be worth a year from now.
Looks to me as a potentially LIFE-CHANGING op portunity. I kept telling you guys that having bitcoin is like gold mining 150 years ago. Now that bitcoin skyrocketed from $800 in January to $17,000 today, it's a full blown GOLD RUSH!
Here's the registration link again:
https://hashflare.io/r/1E78B84C
BTW, there are other companies that rent out mining rig capacity, but since bitcoin mining is SO PROFITABLE now, some of them ran out of capacity and have no capacity to sell for any amount of money. It's like mining gold in 1800's; the EARLY miner gets the GOLD!
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Here's an earnings update. I've bought a $51 contract just to test it out, which gave me a 0.34TH. First day results are here, although they're only for 22 hours since I made payment 22 hours before I found these results on my dashboard.
So my 0.34TH gave me 0.00005041 BTC payout, out of which my account was credited 0.00004314 BTC. And that's 71 cents at btc price of $16500. That'd make it $21.30 earning per month and $255 per year. So my $51 investment is ON TRACK towards earning $255/year. Probably closer to $300 since the first day was only 22 hours.
Here's a pic:
BTW, this is starting to spread like wildfire on social media. And since the number of mining rigs out there is quite LIMITED, this just CANNOT last very long. I predict that in a MONTH or TWO they'll either jack up the price to at least DOUBLE or they'll STOP selling new hashing contracts. So those who ACT FAST will benefit the most.
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And lastly, I'm all about FREEDOM. So if you'd like to know more about how to fully "DECENTRALIZE" yourself from any PRETEND government (see the "About" note on my steemit page to see what I mean), then you may wanna follow me. I.e. I'm no longer a taxpayer and IRS knows it and doesn't mess with me, and my bank account is exempt from levy so they can't touch it. Knowledge is power.
Kinda easier just to buy Bitcoin, the higher the price of Bitcoin the more mining power will come online and the difficulty will make it not profitable in 3-4 months is my guess.
Sounds like a bad guess to me, considering that people were mining bitcoins since 2009, and it is STILL QUITE profitable, even though the price already skyrocketed. Why didn't it stop being profitable in 2010, or 2011, or 2012, etc. ????
It has generally always been smarter to buy Bitcoins than try and mine yourself. I mined on and off since 2013, buying was always smarter.
How is it smarter to pay $17000 for one bitcoin when you can mine one in a year with a $4000 mining rig or with a $2100 cloud contract?
A 1 bitcoin investment in a contract a year and a half ago yielded 0.2 bitcoin in that year and a half. Difficulty is astronomical. Only high capacity miners in low power cost areas and the guys running the pools are profitable. Bitcoin is not for casual miners. Stick to memory hard GPU mining like Ethereum, Dash or BTG.
That's a LIE. Bitcoin didn't skyrocket in price until this year. Now things are different, i.e. MUCH more profitable. In 2016 bitcoin only TRIPLED in value, but this year it multiplied 20 TIMES in value.
In 2016 mining difficulty increased only 3 TIMES, while the price also increased 3 times. That means that a $2100 investment in a 14TH contract would give you about $25,000 profit per year. Of course back then mining rigs were much less efficient than they are now, so a 14TH contract probably cost a lot more than today.
It'll definitely cost a lot more later on in the future, the rich will get richer.
Is Dash easy to mine?
You're crazy. It's NEVER been as profitable to mine bitcoin as it is now. The new mining rigs produce 14TH/s and you can buy online 1Th for $150 a year. If you plug that into a bitcoin calculator you'll see that 14TH will cost you $2100 a year and earn/mine you almost ONE bitcoin a year. AT THE CURRENT mining difficulty.
Good Question. I was told not to listen to those that say mining is a waist of money.
BTW, the bitcoin mining difficulty has increased about 5 TIMES in the last year, while bitcoin price has increased 20 TIMES. Which makes it 4 times MORE profitable to mine bitcoin TODAY than it was a year ago.
I mean, where do you think those high transactions fees go, if not to MINERS?
What you dont have money to buy the full one? Renting can be an option thats what I think bit the only problem is that buying a full one will be more expensive because of electricity , mainteinance and so on.
freebitco.in/?r=8869745
Hey, wanted to let you know where to get some free Bitcoin.
It's a Bitcoin lottery and you can win up to $200 every hour, there's also jackpot drawing of $500 every week!
You can also mine BTC and they have a gambling section if that's your kind of thing.
Hope this can help you get a little extra in your wallet.
Good luck!
Totally agree. Buying bitcoin is better than mining. Let's say purchasing mining equipment, the profit could be calculated via https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4.730&HashingUnit=TH%2Fs&PowerConsumption=1200&CostPerkWh=0.12 the profit for a month even couldn't compare the bitcoin price change in an hour. People already miss the gold mining age.
Make sense.. Except, bitcoin's transaction fee is skyrocketing. You might as well look into mining Bitcoin Cash. (BCH)
You don't get it. Those transaction fees go to MINERS, which is why mining bitcoin is so profitable now. Miners ALWAYS mine what is most profitable, and right now it's bitcoin.
These mine bitcoin cash also
steem blockchain is good, no need to do mining. steem is using dpos (delegated proof of stake) instead of pow (proof of work) that bitcoin is using. As such there is no need to do any mining, saving electricity. The elected witnesses will have their servers run in secret locations throughout the globe. Moreover steem 's transaction spees is way faster than bitcoin. I think steem will be more acceptable to daily transactions while we do not forget about bitcoin because it cannot fall at this moment of time. Reason is there are still many people who do not know of cryptocurrencies and the only thing they hear is bitcoin is a scam. The minute that they hear bitcoin falls it would not be such a good PR for the cryptocurrency world. (This is in my opinion). So it is like to exist with the first cryptocurrency. Co-living together.
Nicely done mate. Cloud mining is far better than own mining now a days. Its most profitable thing. I am too with Hashflare and earning good. At the current price point of BTC, Break Even only in 60 to 70 Days. SHA 256 is Best there.
thanks for the info
First off, excellent post.
My first real exposure to crypto was when I joined SteemIt in October 2016.
Since then, I caught on quickly and have made quite a bit of money with Bitcoin and Litecoin.
I thought about mining, but reconsidered when I learned that Bitcoin is not infinite, meaning that there is a limited amount and once it's all mined, that's it. So, miners will still be able to make money from transaction fees, but there are a lot of questions about whether or not just having income from fees will be able to cover the cost of running a rig. If anything, renting would be better once all of the Bitcoin has been mined.
Personally, I find that it's much more lucrative (and more fun) to trade different cryptos. I think now is a fantastic time to be buying lots of crypto. I especially like Litecoin and Steem right now.
I really enjoyed your article. Thanks for the great info!
What you missed is that bitcoin transaction fees have skyrocketed. And who do you think gets those fees? MINERS.
Actually, I didn't miss that at all. I even mentioned the fact that miners get fees in my comment. I know fees are high right now. What I am saying is that after all Bitcoin has been mined, miners will have to rely on fees for income. If transaction fees drop, it will be a question of whether or not the fees that miners bring in will be able to support the cost of their rigs and provide a decent profit.
I didnt't say mining wouldn't be viable. I just think it remains to be seen. We won't really know until it happens.
red-rose small whale (53)
Send only 0.01 or 0.02 SBD/SD and get after few hours 190% of your fees SBD : I will upvote Comments and posts with Free Resteem to +380 followers
436 followers1785 posts54 following
send your link URL in the memo Joined October 2017
nice post loved it
just upvoted you :)
check out my post
https://steemit.com/tokenpay/@abhishekkashyap/start-cryptocurrency-journey-with-token-pay
bitcoin has been since 2010
Exactly, and it is STILL QUITE profitable to mine.
Cok guzel harika
I agree 100% especially using Hash flare. A substantial amount of money can be made for yourself and or other investments. Great post.
i like the ability hashflare offers to mine other coins as well. thanks for the post.
Awesome article, it gave me a great deal of information on the subject, also by reading the comments.
Im not that into cryptocurrency as i have no knowledge whatsoever on the subject (unfortunately). But I have really learned something here, still not sure if i dare to invest though. .
Yes mate! Its real money and its value is going up and up for some days now..
i like your article. I will try mining with hashflare..
Nice one and very educating wish i can have my hands on that mining marchine but too bad i cannot afford it
Can you afford $150 for 1TH of mining power? That at today's rates should produce about 0.05769 BTC over 12 months which is worth $980 at today's price of bitcoin $17k. But a year from now that price could be $170k/BTC, at which point your $150 investment would turn into $9800. Of course if you can't afford to invest $150 you won't get to make any profit.
I like your thinking Jaro! It all rests on the idea that BitCoin will continue going up in price though. I see it pushing 30,000/Coin over the next 2 years but I think that's the highest it can realistically go without destabilizing current banking institutions so much as to create a solvency crisis. You've got a great attitude though and I appreciate your insights. I think you stand to be very wealthy in the near future.
Bitcoin went up 20 TIMES in price since january. What makes you think that it'll only go up 2 times in the next 2 years? I see it just getting started, with at least 10 TIMES gains in the each of the next two years.
When bitcoin accelerated in November, people estimated it would reach 10.000 USD by the end of the year. Today it is likely to double that.
Were can you buy a $1TH miner for $100
See the link in the article. But you don't buy the 1TH miner for $150, you rent it for that amount for one year. That is, you buy a one-year 1TH contract and the company will use their miner to mine bitcoin for you at the 1TH capacity for one year.
I highly speculate the price will be 170k from 1 year now!!!
nice post loved it
just upvoted you :)
check out my post
https://steemit.com/tokenpay/@abhishekkashyap/start-cryptocurrency-journey-with-token-pay
Why would they rent the machine to me when they could run it themselves and keep the profits?
Some people are negative and very narrow minded. they have no vision for the future, they think that bitcoin is a bubble that can burst at any time, so making guaranteed small income is more appealing to them than taking a risk on a large payoff.
Because the bitcoin price is not stable and It could suddenly drop drastically and mining bitcoin has become increasingly more difficult. These miners cost a lot of power, high electricity bills etc. This may be the reason why they rather rent the miner to other people because bitcoin is going to run out sometime in the future and the risk reward is to little for them.
Why wouldn't they? They sell time on a $2k mining rig for $2k/year. That's guaranteed $8k over 4 years, and you pay for the maintenance. Holding bitcoin is risky since its price fluctuates wildly. Some people are very risk averse.
They actually do it to short time increase mining funds aka to expand/ improve mining farms and pay bills. They probably rent 90% of their miners and the rest are fro themselves to speculate
^^^ Exactly. Any unrented machines are still up and running raking in cash while rented ones pay the bills guaranteeing at least breaking even on the investment of buying mining rigs
They actually do it to short time increase mining funds aka to expand/ improve mining farms and pay bills. They probably rent 90% of their miners and the rest are fro themselves to speculate
The reason for that is they can have lower risk for decent reward since the miners are paying for basically all maintenance therefore they can make almost guaranteed profit. Most contracts last only 1 year so you can do the math if you want .
they are renting the machine which are usually outdated...or they will run themselves and pay you part of money and remaining half will come from mining...there are different ways
I'm not sure about this i'll have to look in to it. From what I've seen it's almost impossible to keep up with the big miners, and what happens if China tries to regulate bitcoin withdrawals again? I'm skeptical but I will withhold judgement until i do more research
It the big players letting you rent. one reason for immediate cash flow or cash fund to expand. Another reason is to tell hey we are letting people rent our machines it means we are not controlling bitcoin we're letting the people do it.
wow that actually kind of makes sense. My biggest concern was if they have all this equipment what is the incentive to rent it out instead of keeping the coins. So i would basically capitalize on their PR campaign.. I can live with that lol .
pretty much. But genesis mining and https://pool.bitcoin.com/index_en.html#buyhashrate
are more trustworthy for a bigger brand but hashflare is too but it focusing on expanding more trying to become a more bigger brand
your upvote here will be helpful for me.
Thanks
Definetly a great FYI!!!! Nice detail got me very interested in bitcoin. Thank YOU!
Spent 1 bitcoin at $1,000 a year and a half ago. Mined 0.2 BTC over all that time. That bitcoin would be $19,000 now if I hung onto it.
look like good~
A good write up. I understand that Mining is definitely a good option. Even I don't believe in the bubble breaking concept. But will there not be a possibility that the popularity of Bitcoin reduces due to high price and other cryptocurrencies start gaining popularity?
Did popularity of iphones was reduced because of their high price? Not really, as Apple doesn't have a problem selling their iphones by millions.
If I have a magic money-making machine, why would I let you rent it from me at a price less than the amount of money produced?
That magic money-making machine costs SEVERAL THOUSAND DOLLARS. What do you do when you don't have that cash??? You RENT OUT TIME in the future on that machine for a payment NOW. That way you get into the mining business with ZERO INVESTMENT, you just have to complete the one year contract, and then you OWN that machine and can mine for yourself.
Some of you guys aren't very creative, are you?
I think bitcoin is still the best investment. but it will be beaten by other crypto soon.
where to but this online please help!
I posted the link to register in the article above. Here it is again:
https://hashflare.io/r/1E78B84C
cool
Look up their reviews on Trustpilot. They change the time of your contract from lifetime to a year and nothing you can do about it. Also they'll raise the minimum withdraw price on you after you sign up. So they get you in with one contract then completely change it to make sure they get all the money and referrals while you end up getting kicked for not being profitable. Tons of reviews saying this same ponzi scheme over and over again. I wouldn't trust it.
It only makes sense to limit the contract to 1 year as nobody can guarantee a lifetime contract. And changing minimum withdrawal price doesn't cost you any money, you just can't withdraw tiny amounts and so jam the network. You're just being a crybaby.
Very simply put together. Very nice info. Pple call what they don't understand scam. Bitcoin was called a scam when it started, now, everyone is jumping in. Cloudmining is another stream of income which is becoming popular judging by the way cloud mining is getting popular. By the way, I read somewhere that difficulty level changes about every 2 wks and by the way bitcoin is going, mining will continue to be profitable. Keep some bitcoin, mine some...just keep earning bitcoin daily.
This post has received a 4.83 % upvote from @booster thanks to: @jaro.
Oooh like that understanding I just understand thanks for your article yng very useful this .. and very helpful for readers who do not understand the problem about this
Thanks for the information. I already mine Ethereum, but I've considered renting a mining rig for BTC or LTC. Great write up. Also, you should check out my article: https://steemit.com/bitcoin/@seanengman/bitcoin-cash-dream-market-and-future-visa-debit-card-and-steam-no-longer-supports-btc
Cheers,
Sean
Hashflare had an update yesterday so will check them out today. I am very surprise how fast bitcoin has rised in price making hashflare contract much more attractive. Just a month ago price of bitcoin was not even close to $10k / coin.
@jaro Excellent post. Following you for future updates. If you are interested in short stories , poetry , photography and technology related posts, please follow my feed as well. I am new to Steemit and am looking to expand my connections.
awesome bro !!!!! i really like it.
Bu ney böyle?
@jhonatanleette
There will be lots of ups and downs...At present coin value is speculative...if everyone sold their coins the value will reach zero...and this will happen with most of the coins...There is no use of the coins currently...the value is based on its potential to be used as currency...
NONSENSE. You can buy just about anything with bitcoin today. There are tens of thousands of sellers who accept bitcoin as a payment. Go to gyft.com and you can buy gift cards for HUNDREDS of stores and PAY with BITCOIN for them.
This is not a financial advise but only invest what you can afford to loose...sooner or later the price will fall...it isnt sustainable..at present the market cap is 500Billion Dollars...the world economy is 200Trillion...so I think there is still chance of coins going up in their value by 10times...but anything more than that is quite unsustainable...
Great read,
Thanks my good man/woman,
I'm on board with ya.
on Bitmain.com the actual manufacturer of the mining rig you show the price for the antminer L3+ 504MH/s and the APW3++ power adapter is under $2200.
Why would I pay $4000 for one from China? Depending on the state for those in the U.S., 1000kWh/mo is roughly $100 extra on electricity.
The mining rig can mine LTC instead, which is faster to mine at a fraction of bitcoin but still, 1-3 coins possible a month versus 1 coin a year begs for some practicality
L3 only mines litecoin, not bitcoin. And litecoin is 500 times cheaper than bitcoin so it's way less profitable.
Best one is DragonMint 16T now with 39 days return of invesment time!
So, how many referral signups did you get with this post so far? Just curious. I am asking for a friend =).
Just a few, but one was for $15k.
at this time mining wont be feasable, youll endup spending more mony in electricity than actually making any profits.
I dig your approach but I can't see how renting the gear out would be more profitable than just mining the coins yourself and keeping the profit. I guess you could weight medium-short term gains against BitCoin's perceived volatility but that's a little dicey. It's like they're giving value away. Great post all the same! Perhaps this schema could be used to mine some of the easier to mine currencies!
Hare Krsna!
It's just like leasing cars. Leases are cheaper per month but you don't get to keep the car at the end of it. Same with renting bitcoin hashing power.
This whole mining thing is new to me very interesting from block chain technology to mining it's a whole new world I started buying Bitcoin to use as currency to buy on the internet seemed to make sending and receiving money now I'm investing in blochain tech companies and there's more and more and all those is really just the beginning feel good to be in the right place at the right time for once.
they are made in China. But they are very nosy if we use
The next Bitcoin halving will probably result in the biggest bullrun we have ever seen here in crypto. Bitcoin is already deflationary, the demand is already bigger(!) than the amount of coins mined in period X.
I loved your Article - Full of Passion!! Easy to Read.
Australian Electricity Costs are Murder now Jaro - Though i am thinking about the proposition! Thank you Sir!
I'm going to do this. I have a feeling that I'm going to be a millionaire with all these investing opportunities. Learning so much...I love it! Thanks for the post.
I'm glad you liked it. When local electricity costs are high, it makes even more sense to rent hashing power online.
very good ..
I hope it's not cheat