Cryptocurrency Trading 101 - How to mine cryptocurrency & sell it for a profit

2,045 Views · Posted 7 years ago

Today I am going to show you how to mine cryptocurrency by purchasing a short term mining contract on nicehash then use that processing power to join a mining pool and mine for feathercoin, zclassic and monero.

I am using my own money and showing you the same techniques I use to find profitable coins to mine.
Nicehash Review: Pros and Cons
For hardware owners
Multiswitching automatic algo
Constant updates and bug fixes
Introducing new algorithms and they can automatically switch
Easy to setup with support

For gpu processing power buys
- No long term contracts like genesis
- Always pay the market rate, Real time flexible pricing so you pay market price all the time for you processing power

Cons for the hardware owners
Not as profitable as mining solo because of the nicehash fees
Pay 1-2% mining pool commission
Calculators aren't accurate don't take into account the changes of price in the coin and the increase in difficulty

Cons for the gpu process buyers
-Additional overhead of nicehash around 3% for the buyer 2-3% for the seller
-No ability to take a long position on mining hardware

You'll receive $10 in free bitcoin by signing up with this link http://bit.ly/2svHxhM

Use a credit card to buy ethereum http://bit.ly/2sSqjdX

Talk directly to me http://bit.ly/2u4MNh3

Donations
Ethereum: 0x6dbb24c5796d117204d917eb7e3fda1beb1f1bef
Bitcoin: 1DRFx1Jr9jWs93ar13AZCkNDL7V9BebB5E
Litecoin: LfS9rRAYFUFN4R5A6E8e2YrsZmPoE6MgXE
EOS: 0x6dbb24c5796d117204d917eb7e3fda1beb1f1bef
ZCash: t1JqChNouGyThPdaLN9KJ7D5hHFYdn1AEoD

Video Tags

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