The bullish trend of this year makes crypto mining popular again. People “rent” a rig (a mining machine) to earn by cloud mining, unite computing power in mining pools, and choose between CPU and GPU mining methods.
Tips on How to Make Money with Cryptocurrency like Bitcoin
Before getting into mining it is necessary to choose the most attractive and profitable cryptocurrencies to start with. It is undoubtedly and critically important that a person studies the crypto market thoroughly, check all pros and cons of the coin, and make their own research before investing in equipment.
We can only note that it is quite popular to mine the following coins now: Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Ravencoin (RVN), Dash (DASH), Monero (XMR).
Since crypto trends are quite volatile, you always need to monitor the market and can just make an exchange if necessary (let’s say, swap Monero to Bitcoin). Hence another way of obtaining cryptocurrency is through online crypto trading platforms and services through which you can not only exchange but also buy crypto with a credit card.
Actually, you don’t even have to be involved in mining or spend the money to enter the Crypto World. Everyone can try to start with free giveaways or bounty programs and get cryptocurrency as a reward for completing various tasks.
Furthermore, many crypto projects have affiliate programs that help them get new customers. Participants of these programs earn cryptocurrency by attracting new people to the service. Usually, there are different ways to spread the word about the product and provide the audience with an opportunity to try it. Tools may include referral links, API, widgets, banners, and more.
If you have favorite crypto projects, we recommend checking the terms of their affiliate programs.
So, as you can see, there are multiple ways to become a crypto owner, and every person can choose the one that suits them best.
Please note that this article doesn’t contain investment advice and has an informational purpose only.