To Mine or Not to Mine Steem...That is the Question. I prefer Mining Bytecoins and then Transferring To Steem.

in #crypto8 years ago

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Mining Steem seems like a difficult proccess to many people especially those that aren't so computer savvy. This is the main reason that I decided to just stick with mining Bytecoins then when I build up enough coins I convert them and use them to purchase Steem. Minergate is an awesome little mining app with a very easy to use GUI. I keep it running in the background on all my home computers and even with the Minergate app on my phones.

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You can't expect to get rich with this process but with 2 laptops and one droid I maage to earn a couple to a few dollars a day worth of Bytecoins. I just let it build over the course of a month. It is amazing what this can add up to especially when you use the profits to invest in other crypto currencies that are on the rise.

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Try this out if you are financially strapped but are dying to get into the whole crypto currency game or if you just want to increase your #Steempower .

Hope this helps some of you Steem Heads out there.

Have a wonderful day.

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Thank you so much for sharing this!

Thanks for the heads up...

How much should you build up before converting here?

Don't know if there is a set answer to that but just as much as possible. I messed up on my calculations to be honest and started mining Dash coins because they are a lot more valuable, but it is the exact same proccess and still uses minerGate. :)

So, how do you do it?

Just go here and download the app. Self explanatory after that :) https://minergate.com/

When I get more steem, I'll upvote...thanks for the info. I'm new at this whole game. ;)

It wont allow me to edit this post so thought I should add this here for the sake of honesty and transparency...lol... You can't expect to get rich with this process but with 2 laptops and one droid I manage to earn a about 30 cents a day worth of Bytecoins. I just let it build over the course of a few months. It is amazing what this can add up to in a year especially when you use the profits to invest in other crypto currencies that are on the rise. If you would like to mine a more valuable coin with Minergate you could always mine Dash Coins. I started mining those recently when I learned that I had miscalculated the conversion on Bytecoins.