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RE: How to Earn More Crypto While Balancing Life...

in #life7 years ago

I have been mining crypyo for a very long time and have really enjoyed the passive income it has blessed me with. The thing about mining is that once you make enough to break even, all the income you make on top of your electricity bill is free money. Its like having your very own printing press. And with a little research, you could easily learn setups that require very little supervision and if for some reason a miner does go down, you can get notified via email or text depending on the pool you are on. And the best part is you don't have to be physically present at your rigs most of the time to check on them.

I personally physically walk into my mining room once or twice a week unless I get an email notification saying there is an issue. I do most of my monitoring via my phone and can even change pools, reboot rigs, check mining statistics or even remotely log into my rigs all from the palm of my hand via my smartphone from anywhere in the world. This setup allows me the freedom to balance business, pleasure and most importantly family.

The only drawback to mining is, it is very expensive to get started and it takes a bit of studying and a lot of research in the beginning, but once you get your farm set on auto pilot; it's a wonderful passive income generator.

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appreciate the comment and insight to rig mining. I am no tech expert and barely learned how mining works. I can not go pass minergate when it comes to setup so that shows you how much I know about mining. Thanks.

Sounds really nice, though that break even point is rather uncertain to guess.

Right now as much as i love mining, I would not recommend anyone buy any of the GPU's currently on the market, because even with a 1080ti you are looking at a year or more to ROI. I would wait a few weeks for the new generation of GPU's AMD and NVIDA will be releasing. If you would like to see how you can actually get an estimate on how much a rig will make you before you ever invest a dime, go check out my video post "Should I Invest In Cryptocurrency? And If So How?" I made that video specifically for the beginner thinking of getting into crypto by either investing or mining.