Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: mayuri27 on March 30, 2018, 07:01:30 PM
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So I recently got into bitcoin, I can see there is definitely good profit potential so I'm curious on how possible it is to making a living off of it. Mainly on mining but in still figuring out trading.
I bought an Avalon 741 and also using a few high end gpus for mining and making a decent profit on that. (Gpus in 2 gaming pc's I built and a gaming laptop so they just mine when I'm not using them) Currently on nicehash1 but I'm also curious about switching to an actual pool.
I'm thinking to expand and build a mining farm eventually and I think I have a solid plan for that for the next couple years. Basically just buying miners with profits from miners and eventually I know I'll need some kind of warehouse to put them in.
I'm also interested in trading but I don't fully understand it yet.
Any insight and advice would be great, thanks.
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So I recently got into bitcoin, I can see there is definitely good profit potential so I'm curious on how possible it is to making a living off of it. Mainly on mining but in still figuring out trading.
I bought an Avalon 741 and also using a few high end gpus for mining and making a decent profit on that. (Gpus in 2 gaming pc's I built and a gaming laptop so they just mine when I'm not using them) Currently on nicehash1 but I'm also curious about switching to an actual pool.
I'm thinking to expand and build a mining farm eventually and I think I have a solid plan for that for the next couple years. Basically just buying miners with profits from miners and eventually I know I'll need some kind of warehouse to put them in.
I'm also interested in trading but I don't fully understand it yet.
Any insight and advice would be great, thanks.
First thing to do is, must have wallet / wallet. Next, you can start with a faucet (free bitcoin). The trick will be guided by the owner of each faucet website. Usually later you will be asked for registration at the beginning then the next step you stay enter your wallet address that has been made earlier. Then, you will be asked to fill the captcha and press claim.
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Making a living on bitcoin isn't a big deal. Just invest a lot in bitcoin. Especially now that the prices are low, so that u can get lots of money when the price goes up and becomes stable.
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If you have money a lot you can do this but it requires skill and experience
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So I recently got into bitcoin, I can see there is definitely good profit potential so I'm curious on how possible it is to making a living off of it. Mainly on mining but in still figuring out trading.
I bought an Avalon 741 and also using a few high end gpus for mining and making a decent profit on that. (Gpus in 2 gaming pc's I built and a gaming laptop so they just mine when I'm not using them) Currently on nicehash1 but I'm also curious about switching to an actual pool.
I'm thinking to expand and build a mining farm eventually and I think I have a solid plan for that for the next couple years. Basically just buying miners with profits from miners and eventually I know I'll need some kind of warehouse to put them in.
I'm also interested in trading but I don't fully understand it yet.
Any insight and advice would be great, thanks.
A miner looking out for trading insight? Sounds weird anyway. Trading in its simplest form involve studying the market price, buy when down and sell when the price is up to make some good profit. But it is advisable you read a lot about the coin you want to trade and always look out for the ones with large market cap.
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One of the strong ways to make a living on bitcoin is to invest more it especially when the price is a bit low because it will surely rise for you to make more profit.
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A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.