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WHAT IS MINING.WHERE TO START.PROFITABILITY BASED ON YOUR LOCATION.CLOUD VS YOUR HARDWARE. 10 USD OF STEEM GIVEAWAY TO LUCKY UPVOTER OR RESTEEMER. PASSIVE INCOME by alimtl2011

View this thread on: hive.blogpeakd.comecency.com
· @alimtl2011 ·
$26.77
WHAT IS MINING.WHERE TO START.PROFITABILITY BASED ON YOUR LOCATION.CLOUD VS YOUR HARDWARE. 10 USD OF STEEM GIVEAWAY TO LUCKY UPVOTER OR RESTEEMER. PASSIVE INCOME
<a href="https://hashflare.io/r/13DCD046"><img src="https://cdn.hashflare.eu/banners/en/Hashflare_w_300x250_eng.gif" alt="HashFlare"></a>

GOOD AFTERNOON MY MONEY HUNGRY STEEMIANS, LET’S NOT PASS ANOTHER OPPURTUNITY! IN THIS ARTICLE I WOULD LIKE TO GO OVER; WHAT IS MINING, WHAT IS THE PROFITABILITY OF MINING, WHAT COINS SHOULD WE MINE, CLOUD MINING VS USING YOUR OWN HARDWARE OR GPU.


SO, WHAT IS MINING? BY INVESTOPEDIA, “MINING IS THE PROCESS BY WHICH TRANSACTIONS CAN BE VERIFIED AND ADDED TO THE PUBLIC LEDGER, AKA THE BLOCKCHAIN. THE PROCESS INVOLVES COMPILING RECENT TRANSACTIONS INTO BLOCKS AND TRYING TO SOLVE A COMPUTATIONALLY DIFFICULT PUZZLE. THE FIRST PARTICIPANT TO SOLVE THE PUZZLE GETS TO PLACE THE NEXT BLOCK ON THE BLOCK CHAIN AND CLAIM THE REWARD. THE REWARDS COME FROM BOTH THE TRANSACTION FEES AS WELL AS NEWLY RELEASED BITCOIN.”

IN SIMPLE TERMS, THE TRANSACTIONS GOING THROUGH THE BLOCK CHAIN ARE VERIFIED BY THE MINER WHO GETS REWARDED. YOUR HARDWARE DOES ALL THE WORK FOR YOU.

<a href="https://hashflare.io/r/13DCD046"><img src="https://cdn.hashflare.eu/banners/en/profit_300x250_eng.gif?v=2" alt="HashFlare"></a>

WHAT IS THE PROFITABILITY OF MINING? MINING PROFITABILITY DEPENDS ON THE COIN YOU MINE, THE DIFFICULTY TO MINE AT THAT TIME BASED ON HOW MANY ARE TRYING TO SOLVE THAT PUZZLE, IT’S POSSIBLE EXPONENTIAL GROWTH, YOUR HARDWARE, THE POOLS THAT YOU MINE WITH AND SO ON. I PERSONALLY HAVE STARTED BY JUST MINING BTC TO GET MY FINGERS WET AND I WILL START MINING ZCASH VERY SHORTLY. SO FOR PROFITABILITY, I WILL SHOW AN EXAMPLE OF BTC AT 10 000 USD AT THE CURRENT DIFFICULTY WITH COST OF ELECTRICITY (NOT INCLUDING THE HARDWARE). BELOW IS A CHART ON COINTELEGRAPH BY DARRYN POLLOCK SHOWING THE COST OF MINING IN DIFFERENT COUNTRIES RANGING FROM SOUTH KOREA WHERE IT WOULD COST OVER 26000$ TO MINE A 10000$ BTC TO VENEZUELA WHERE IT WOULD BE AS CHEAP AS 531$ TO MINE THAT SAME 10000$ BTC.  DON’T FORGET THIS DOESN’T INCLUDE THE PRICE OF YOUR HARDWARE TO MINE.

![9f52bdbbe5cbabd43f3150702891152c.png](https://steemitimages.com/DQmZZTNRXDa1S2HbBu9SQySkdXEhqWgm3LrQQ57ikZiC7Bc/9f52bdbbe5cbabd43f3150702891152c.png)

THIS CHART CLEARLY TELLS YOU WETHER YOU SHOULD MINE WITH YOUR OWN HARDWARE OR IF YOU SHOULD BE CLOUD MINING. MINING WITH YOUR OWN HARDWARE ALSO REQUIRES EXTRA KNOLEDGE AND TIME WHERE YOU WILL HAVE TO DO YOUR OWN RESEARCH. YOU MAY NEED TO REPLACE PARTS AS YOU GO AND HARDWARE MAY BECOME TO OLD TO STAY PROFITABLE. IT REQUIRES MUCH MORE THEN JUST BUILDING A RIG AND PLUG AND PLAY.


SO WHERE IS THIS ALL GOING? CLOUD MINING, THE SOLUTION TO ELECTRICAL COST, HARDWARE COST,  HARDWARE MALFUNCTION AND UPGRADES, MINIMUM INVESTMENT, TIME, ENERGY, AND PEACE OF MIND. 

<a href="https://hashflare.io/r/13DCD046"><img src="https://cdn.hashflare.eu/banners/en/realno_300x250_eng.gif?v=2" alt="HashFlare"></a>

WHAT WILL THE RETURNS BE LIKE? I’VE JUST SUBSCRIBED AND YOU CAN DO SO USING THE LINK BELOW. AT THE CURRENT DIFFICULTY RATE WITH THE PRICE OF BTC BEING 10000$ AND NOT GOING ANY HIGHER WILL DOUBLE MY MONEY IN 12 MONTHS. IF BTC GOES BACK TO IT’S ALL TIME HIGHS SINCE WE JUST BOUNCED OF OUR BOTTOM, THEN I WILL HAVE 4X MY MONEY OR MORE. YOU ALSO HAVE THE OPTIONS OF MINING ZCASH WHICH I WILL BE STARTING NEXT WITH A HIGHER INVESTMENT, OR ETHER WHILE IT’S STILL MINABLE AND ALSO DASH. 

https://hashflare.io/r/13DCD046

HOW TO GROW THOSE PROFITS EXPONENTIALLY? THE SECRET TO MAKING A FORTUNE IS TO KEEP TAKING THE PROFITS AND REINVESTING IT INTO MORE HASHPOWER. SO TECHNICALLY YOU CAN COMPOUND YOUR PROFITS. IT DOESN’T GET ANY BETTER THEN THAT. IF THAT CHERRY ISN’T ENOUGH THEN WITH THE PERCENTAGE OF THE PROFITS THAT HASHFLARE IS KEEPING THEY ARE ALSO WILLING TO GIVE YOU 10% OF THE DEPOSITS MADE BY YOUR REFFERALS. PASSIVE INCOME GROWING CONSTANTLY. THEN YOU CAN DO A STEEMIT POST OR DTUBE VIDEO AND MARKET IT WHICH EVER WAY YOU THINK IS BEST.


WELL, I’VE ONLY BEEN IN THIS SPACE FOR ABOUT A YEAR, I’M CONSTATLY LEARNING NEW THINGS AND I WILL BUILD MY OWN MINING RIG WHICH WILL BE QUITE COSTLY BUT I AM IN QUEBEC WHERE ELECTRICITY COST ISN’T TO HIGH, HOWEVER, FOR THE TIME BEING, I HAVE STARTED CLOUDMINING. I WILL BE BUYING IN MORE HASHING POWER HOPEFULLY EVERYWEEK. MY NEXT STEP IS TO START MINING ZCASH. 


HELP MY GAIN VISIBILITY BY UPVOTING, RESTEEMING AND COMMENTING, JOIN USING MY LINK FOR HASHFLARE. DOING ANY OF THE 4 WILL ENTER YOU IN A DRAW TO WIN 10 USD IN STEEM. AGAIN THIS IS NOT FINANCIAL ADVISE, JUST A FREE WINNING LOTTO TICKET. GOOD LUCK AND STAY PROFITABLE. ALSO BUY THE DIPS.

https://hashflare.io/r/13DCD046


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@alimtl2011 ·
$0.15
Tip
👍  
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@baki87 ·
$0.05
hashflare has terrible user support , no proof of their mining farms , constant withdrawal delays and rasing withdraw limit etc etc . too shady . the only cloud mining farm i can recommend is genesis mining and maybe galaxylifestyle ... btw i did buy a contract with hashflare and it is still running , ive had no problems to be honest but i read alot of negative reviews of all sorts ...
👍  
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@alimtl2011 ·
$0.14
Genesis mining is out of stock all around for new users. And at the end of the day what matters is that YES they do pay out. Its unfortunate if support sucks. I never needed it. Its pretty simple and straight forward. But thanks for the heads up. I just opened my account a week or so ago
👍  
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@alimtl2011 ·
$0.14
And the only 2 that i know are for sure legit in the sense that they do pay out. Are genesis and hashflare
👍  
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@boomerang ·
This post has received a 2.15 % upvote from @boomerang thanks to: @alimtl2011
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@booster ·
<p>This post has received a 0.46 % upvote from @booster thanks to: @alimtl2011.</p>
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@elaakl ·
check my blog,blease
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@friends-bot ·
$0.05
Give visibility to your articles.
Get an upvote 2.5 to 3 times bigger than your send.
Read the explanations on @friends-bot
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@important-to-us ·
he hi @alimtl2011
 just started following  you
Thanks for Informative Mining information for all crypto lovers
pls follow @important-to-us
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@jerrybanfield ·
re-alimtl2011-what-is-mining-where-to-start-profitability-based-on-your-location-cloud-vs-your-hardware-10-usd-of-steem-giveaway-to-lucky-20180202t213724662z
Thank you alimtl2011 for making a transfer to me for an upvote of 0.94% on this post! 

Half of your bid goes to @budgets which [funds growth projects for Steem](https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals) like [our top 25 posts on Steem](https://steemit.com/budget/@jerrybanfield/the-top-25-steem-posts)!

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To learn more about Steem, will you please use [http://steem.guide/](http//steem.guide) because this URL forwards to my most recently updated complete Steem tutorial?
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@morwhale ·
<p>This post has received a 6.06 % upvote from @morwhale thanks to: @alimtl2011.</p>
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@postpromoter ·
re-alimtl2011-what-is-mining-where-to-start-profitability-based-on-your-location-cloud-vs-your-hardware-10-usd-of-steem-giveaway-to-lucky-20180202t215556766z
You got a 0.77% upvote from @postpromoter courtesy of @alimtl2011!

Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support the development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)
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@realmsofcrypto ·
$0.11
I've got hundred of TH's in Hashflare and they have been consistently paying me. I actually signed up in 2016 but I put in little money at the time. My mistake. I wish I would have went all in!
👍  ,
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vote details (2)
@alimtl2011 ·
$0.14
Thanks for the comment and positive review
👍  
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vote details (1)
@mrboddy ·
I think we all wish we had gone bigger sooner :D
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@resteem.bot ·
<a href="https://steemit.com/steemit/@resteem.bot/7yazyw-steemit-resteem-bot-faq"><img src="https://steemitimages.com/DQmXsep2sgiCyx1y8oB5XoSy8PgXB8spZyaa6rkJbmERxHj/resteembot.jpg" alt="@resteem.bot" /></a>
Resteemed to over <b>10800 followers</b> and <b>100% upvoted</b>. Thank you for using my service!

<b>Send 0.200 Steem or 0.200 Steem Dollar and the URL in the memo to use the bot.</b>
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@resteem.bot
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@resteembot ·
Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's [introduction post](https://steemit.com/resteembot/@resteembot/how-to-use-resteembot-updated-2017824t202525149z)
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
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@sneaky-ninja ·
re-alimtl2011-what-is-mining-where-to-start-profitability-based-on-your-location-cloud-vs-your-hardware-10-usd-of-steem-giveaway-to-lucky-20180204t023650208z
Sneaky Ninja Attack! You have been defended with a 1.18% vote... I was summoned by @alimtl2011! I have done their bidding and now I will vanish...Whoosh
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@steemdiffuser ·
<p>This post has received a 22.73 % upvote from @steemdiffuser thanks to: @alimtl2011. Steem on my friend!</p>

<p>Above average bids may get additional upvotes from our trail members!</p>

<p><a href="https://steemit.com/introduceyourself/@steemdiffuser/chello-steemit-friends-here-to-upvote-blaze-a-trail-and-crack-some-bot-like-jokes">Get Upvotes</a>, <a href="https://docs.google.com/forms/d/e/1FAIpQLSdv7s0V6f6iMC7lFsEkHUlJ4pErmSQzQXit-0FGaAx7FT-Pcg/viewform">Join Our Trail</a>, or <a href="https://goo.gl/forms/fdmsKYYUpFMY4OUw1">Delegate Some SP</a></p>
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permlinkre-alimtl2011-what-is-mining-where-to-start-profitability-based-on-your-location-cloud-vs-your-hardware-10-usd-of-steem-giveaway-to-lucky-20180202t234926984z
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@steemitboard ·
Congratulations @alimtl2011! You have received a personal award!

[![](https://steemitimages.com/70x70/http://steemitboard.com/@alimtl2011/birthday1.png)](http://steemitboard.com/@alimtl2011)  1 Year on Steemit
<sub>_Click on the badge to view your Board of Honor._</sub>


**Do not miss the [last post](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-brazil-vs-switzerland) from @steemitboard!**

---
**Participate in the [SteemitBoard World Cup Contest](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-collect-badges-and-win-free-sbd)!**
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: [@good-karma](https://v2.steemconnect.com/sign/account-witness-vote?witness=good-karma&approve=1) and [@lukestokes](https://v2.steemconnect.com/sign/account-witness-vote?witness=lukestokes.mhth&approve=1)

---

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@steemitboard ·
Congratulations @alimtl2011! You received a personal award!

<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@alimtl2011/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@alimtl2011) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=alimtl2011)_</sub>


###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
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@steemvote ·
This post was resteemed by @steemvote and received a 35.96% Upvote
properties (22)
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@upmewhale ·
re-alimtl2011-what-is-mining-where-to-start-profitability-based-on-your-location-cloud-vs-your-hardware-10-usd-of-steem-giveaway-to-lucky-20180203t234607714z
You got a 1.36% upvote from @upmewhale courtesy of @alimtl2011!
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