{"id":351,"date":"2017-12-16T04:02:50","date_gmt":"2017-12-16T04:02:50","guid":{"rendered":"https:\/\/tgwa.tv\/home\/?p=351"},"modified":"2018-01-02T07:10:44","modified_gmt":"2018-01-02T07:10:44","slug":"making-money-from-cryptocurrency-for-absolute-dummies","status":"publish","type":"post","link":"https:\/\/tgwa.tv\/home\/making-money\/making-money-from-cryptocurrency-for-absolute-dummies\/","title":{"rendered":"Making money from cryptocurrency for absolute dummies"},"content":{"rendered":"

You probably heard about Crypto Currency before. If you have not, it’s a currency just like USD and Euro but it’s not owned by any country or government. Trust me, that’s all you need to know besides the fact that it’s a real currency that you can use to buy things and cash it out to any other currency such as USD. That being said, now you need to know the way you can obtain this new currency, right?<\/p>\n

Method number one: Mining using your own computer<\/em><\/p><\/blockquote>\n

Consider cryptocurrency more like a precious mineral than a currency. It’s more like gold than USD. Although you can buy things in exchange for gold if you think about it. So technically gold or any other natural resource can be classified as a form of currency!
\nThe reason I said Cryptocurrency is like gold because it has to be mined. Only certain amount of that coin can exist. For example (I will use the most famous cryptocurrency) only 21 million Bitcoins can be mined. almost half of that number was mined already since 2009 when the mining started. So, we can say hypothetically that this is the peak of bitcoin market and that’s why everyone is racing to invest in bitcoin NOW! Mining bitcoin requires programs running on computers connected to the internet and again that’s all you need to know. Why? Because I don’t recommend mining as you will make small amount of money (on a powerful PC with 8 cores processor and 24GB of memory you may make few cents a day!) So now that you know that mining using your computer is one of the ways to acquire Bitcoin, I’m strongly advising against it.<\/p>\n

Method number two: Buying Bitcoin<\/p><\/blockquote>\n

You can buy Bitcoin like buying any other currency on many trading websites including the list on the official website itself Bitcoin.org then you keep it until the price of Bitcoin goes up against USD then you sell it and cash out USD and make a profit. Well that’s one way to make money but that’s not what I am recommending and I prefer the 3rd and last method.<\/p>\n

3rd Method: Renting mining equipment<\/p><\/blockquote>\n

This way you will pay a certain amount of money for renting mining equipment in a dedicated mining facility equipped with super powerful mining equipment to make (or extract) more bitcoins per hour than what you can mine with your own personal computer in 10 years!<\/p>\n

The website I am recommending for this is called HashFlare, which is the web site everybody else is recommending actually! On this website, you buy mining contract for one year (in other words renting mining equipment for one year) for an annual fee. any Bitcoins mined using your rented equipment can be withdrawn by you anytime with one limitation that you can withdraw when your balance reaches at least 0.017 Bitcoin at the time of posting this article. That means when your balance reaches about $300 you can cash out that $300 after subtracting maintenance fees of about 14.5%<\/p>\n

You don’t have to do any calculations. I did it all. If you rent $100 worth of mining equipment on HashFlare you make about $1.86 a day which means you will even out (get what you paid) after about 60 to 90 days (3months). and the rest of the one year contract (12-3= 9 months) is considered pure profit.<\/p>\n

Now you need two things to start:<\/strong><\/p>\n

1.<\/strong> Credit card to buy a mining contract on HashFlare. They have contracts identified by a unit called “Hash”. And that unit can be multiplied, so every 1000 Hash is Giga Hash. Or GH\/s (the \/s means per second but don’t pay attention to that). And every 1000 Giga Hash is called Tera Hash (TH\/S). Every one Tera Hash cost about $150 at the time of posting this article (The reason I keep saying at the time of posting the article is because the price of Bitcoin is increasing insanely every single day!). If you buy $3000 worth of Hashes you will make about $50 a day and will make about 1500 a month. So again you will get your original investment money in about two months (more or less) and the rest of the contract period (one year) is pure profits.<\/p>\n

2.<\/strong> Besides a credit card to buy Hashes, you need to set up an account on Hashflare on the link below:<\/p>\nSetup Hashflare account >><\/a>\n

 <\/p>\n

The registration process is very simple as you can see below, just fill out all fields and hit register:
\n\"hashflare\"<\/p>\n

After creating your account, you will need to buy some Hashes
\n\"\"<\/p>\n

Move the slider until you see the amount of money you are willing to pay (to invest), for example, 100 USD and hit Proceed. It’s up to you how much to start with.
\n\"\"<\/p>\n

Then select a Payment method (Pay with a credit card) and finalize the transaction to have your first investment started! After buying some hashes you will see a forecast of how much you will be making every one day (1d), one week (1w), one month (1m) and every 6 months (6m)
\n\"\"<\/p>\n

\"\"<\/p>\n

Good luck!<\/p>\n","protected":false},"excerpt":{"rendered":"

You probably heard about Crypto Currency before. If you have not, it’s a currency just like USD and Euro but it’s not owned by any country or government. Trust me, that’s all you need to know besides the fact that it’s a real currency that you can use to buy things and cash it out […]<\/p>\n","protected":false},"author":1,"featured_media":368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[77],"tags":[81,79,78,80],"class_list":["post-351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-making-money","tag-how-much-can-i-make-from-bitcoin","tag-how-to-buy-bitcoin","tag-make-money-from-bitcoin","tag-where-to-invest-in-bitcoin","et-has-post-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tgwa.tv\/home\/wp-content\/uploads\/2017\/12\/makemoney.jpg?fit=979%2C652&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p9th9z-5F","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":236,"url":"https:\/\/tgwa.tv\/home\/tech-reviews\/how-to-use-64gb-microsd-memory-card-with-wyze-cam\/","url_meta":{"origin":351,"position":0},"title":"How to use 64GB microSD memory card with Wyze Cam","author":"TGWA","date":"December 12, 2017","format":false,"excerpt":"If you are unfamiliar with Wyze Cam, I'll brief you in quickly. 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