Welcome to Greed's Money making tutorial!
Hello, I'm Greed, and I am going to teach you how to earn $20hr BTC or USD! Just follow my Instructions and we can get started!
This tutorial took me a lot of effort to write and it's completely FREE, So Please keep the thread alive by saying thanks and liking my thread.
LETS BEGIN
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Table's of content
- What Is Crypto Currency?
- How does Cloud Mining Work? What is it?
- Investments Or is it FREE?
- How do I start?
- Final words
What Is Cypto Currency?
The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins. Put another way, cryptocurrency is electricity converted into lines of code with monetary value. In the simplest of forms, cryptocurrency is digital currency.
In this tutorial I am going to show you how to mine Bitcoin/USD with Cloud Mining
How does Cloud Mining work? What is it?
If you want to invest in bitcoin mining without the hassle of managing your own hardware, there is an alternative. You can use the cloud to earn your coins.
Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on.
However, there are certain risks associated with cloud mining that investors need to understand prior to purchase.
Pros
Here’s why you might want to consider cloud mining:
A quiet, cooler home – no constantly humming fans
No added electricity costs
No equipment to sell when mining ceases to be profitable
No ventilation problems with hot equipment
Reduced chance of being let down by mining equipment suppliers.
Cons
Here’s why you might not want to consider cloud mining:
Risk of fraud
Opaque mining operations
Less fun (if you’re a geek who likes system building!)
Lower profits – the operators have to cover their costs after all
Contractual warnings that mining operations may cease depending on the price of bitcoin
Lack of control and flexibility.
Types of cloud mining
In general, there are three forms of remote mining available at the moment:
Hosted mining
Lease a mining machine that is hosted by the provider.
Virtual hosted mining
Create a (general purpose) virtual private server and install your own mining software.
Leased hashing power
Lease an amount of hashing power, without having a dedicated physical or virtual computer. (This is, by far, the most popular method of cloud mining.)
How to determine profitability
We have previously covered ways to calculate mining profitability. However, the web services offered are designed to work with your hardware parameters, not cloud-mining parameters.
Even so, you can still use these calculators by thinking clearly about the costs involved. Profitability calculators (for example, The Genesis Block) often ask for your electricity costs, and sometimes the initial investment in hardware. Effectively, you are being asked for your ongoing costs and your one-off investments.
Therefore, since the provider, not you, is paying the electricity bills, you can enter the monthly mining bill in place of the electricity cost.
The conversion process isn’t completely straightforward, though. In the case of hardware miners, you can work out the monthly running cost by multiplying your electricity charge (ie: $ per KWh) by the power consumption of the unit and by a conversion factor of 0.744 (the ratio of seconds per month to joules of energy per KWh).
But, for cloud mining calculations, you need to do the opposite, because the provider gives you an (effective) monthly running cost. Hence, you need to calculate an equivalent cost per kilowatt hour to feed into the mining calculator. This is done by dividing (not multiplying) the monthly running cost by the 0.744 conversion factor mentioned above.
Risk vs reward
When engaging in any type of cryptocurrency mining there are risks, but profitability is possible if you make the right choices. In this article, we’ve given you some pointers on how to decide which way to go.
In your test calculations, you will likely see that some cloud mining services will be profitable for a few months, but, as the difficulty level of bitcoin increases, you would probably start to make a loss in four to six months and beyond.
A possible remedy to this situation is to reinvest what you have made into maintaining a competitive hashing rate, but this is highly speculative.
As mentioned above, the risk of fraud and mismanagement is all too common in the cloud mining space. Investors should only invest in cloud mining if they are comfortable with these risks – as the saying goes, never invest more than you are willing to lose.
Investigate social media channels, speak with former customers and ask pointed questions of operators prior to investing. Ultimately, you should practice the same kind of due diligence that you would for any investment.
Investments Or is it FREE?
With my method it is simply 100% FREE, so don't worry. You can start earning instantly!
How do I start?
Firstly you're going to have to Register an account on the website below.
Registering with the link provided is going to benefit you immensely at the beginning,so make sure you use it too you're advantage!
Register HERE
Now that you've registered you're going to want to start mining TeraX. TeraX increases your mining speeds which will increase how much you earn and allow you to earn faster the more you mine. You automatically start out with 5 TeraX from the link provided above, which gives you about $0.0036 each hour to begin with. (Shit, yes I know but it works...) So you will want to mine TeraX 4-7 days until you have about 10 - 20 TeraX.
Once you have that then start mining USD or Bitcoin, either one will work. Mining those 10-20 TeraX beforehand is going to make mining BTC or USD a breeze!
Though you will only be making around $0.10 an hr or so, so what you're going to want to do is mine more TeraX, the more you mine the more you'll earn in the long run!
Final Words
Within two weeks, following my instructions you will be making $20+ an hour, so have fun and happy earning!
Make sure you Like my thread and comment saying 'Thanks' as this took a lot of time to write this
