1. Bitcoin Mining Shh! Wait, It is really possible.Many would ready disagree with me onthis topics.
So I would once again define the term passive income “income thatis generated without any active participation. “Ya, it’s true that bitcoin andaltcoin (etherium) mining is quite difficult these days & you would needspecialised set of computers called the ASIC & mining ring. But once youare all set with initial phase only slight maintaince & regular powersupply is necessary for mining.If you are not still convinced bymining then for you I have an alternative i.
e. cloud mining. In cloud mining youdon’t need any separate rig for mining, you can go with your normal pc withshared processing over network for mining.To know more about cloud miningClick How does Cloud mining Works?Once you earn any crypto currencykeep it as its market is constantly increasing over time. Take time tounderstand market then sell it off when the time is optimum for you.
Crypto currency Or the money of Future:The first and most wide spread crypto-currencyis Bitcoin. It was announced in late 2008 by Satoshi Nakamoto. He preferred toaddress bitcoin as “a peer – peer electronic cash system. ” He had built thedecentralised digital cash system which had faced many failed attempt in thepast.How does crypto currency work?The crypto currency like bitcoinhas a complete list of transaction been constantly broadcasted each moment world-wide.Thus each and every peer is connected in the network has the complete data ofall transaction & the balance of every account.Whenever a crypto currency is transferredfrom sender account to receiver account a specific confirmation code isattached over it.
This is where miners comes to play, these confirmation codeare generally mathematical problems which can be solved by only highperformance computers. In bitcoin SHA250 Hash algorithm is used as cryptograph.Thus the miner get a commission for these solving each algorithm and completingthe transaction. The commission are in the form of bitcoin or in the same of cryptocurrency which he mined.Crypto currency have gained world-wideattention due to its secure, fast and worldwide transaction with the blanket ofanonymity. Huge amount of transaction are made in black market and in deep webwith the help of crypto currency.
Finally, the revolutionary path ofdigital currency is at your doorstep, it’s your choice to either to board it ornot. Many have turned to millionaires by this path, but still lies ahead a lotof uncertainty and risk.