There's a Bitcoin GOLD RUSH Going on - How to PROFIT Big from BITCOIN

in #bitcoin7 years ago (edited)

The FASTEST Way to Make Money with Bitcoin

As I was telling you guys, Bitcoin is the REAL MONEY, and it is a money of the FUTURE. PLUS once you have enough bitcoin or a bitcoin "INCOME", you can tell the UNITED STATES corporation and the IRS to F#CK OFF, AFTER you junk your corporate citizenship and SSN, which people with REAL MONEY, DON'T NEED.

SERIOUSLY people, this is REAL money, REAL fast. And I don't mean any stinking FIAT currency. You can make BITCOINS by RENTING capacity on bitcoin mining rigs. 

bitcoin mining rig

I knew about this, but had NO IDEA how profitable AND EASY it can be.

Now, there are TWO WAYS to do it. 

ONE, you can buy a mining rig. The best one for bitcoin costs about $5500 on ebay or $4k directly from China. It's rated at 14TH(terrahashes) and it'll produce about 1 BITCOIN per YEAR, running 24 hours a day.


And since Bitcoin is now about $17k, you can profit around $12k by buying one and running it at your home. Of course it's a bit noisy, runs 24/7 and uses 1400 watts, which is about 1000kWh per month.


That's still a GREAT DEAL, especially considering that a year from now, bitcoin could be $170,000. Not bad on a $5k investment in 1year, huh?

The SECOND way to profit from it, and make REAL money, is to RENT MINING capacity. I.e. someone with a mining rig will rent it to you FOR A FEE. Below is one company that does that, and their fee is $150 per TH.

Now the mining rig I mentioned above is rated 14TH/s, so if you bought 14TH from this company, it'd cost you $2100/year, and you'd have an equivalent to having the actual $5k mining rig. MINUS having the headaches of maintaining it, providing internet connection to it, dealing with the heat and noise and electricity costs.

And like I said, 14TH will produce about 1 BITCOIN per year, so your $2100 investment could produce $17,000 to $170,000 profit in a year!!! How much would a bank pay you in interest for $2100? Not very much, huh?

Now this is NOT an investment advice, just an FYI. I'd post it here even if I didn't have an affiliate link that pays me 10% of new people signing in. And it's anonymous, they just want you email. You can pay with BITCOIN or with credit cards, but with credit cards they require verification.

Here's how to register:

1.Go to: https://hashflare.io/r/1E78B84C

Setup an account it only takes a few minutes.

2. After your account is set up click "Buy Hashrate" on the left hand side of the page.


3. From there choose "SHA-256" for bitcoin mining.


4. Use the sidebar to choose how much hashpower you want to buy and click proceed.


5. On the next page click select payment method and you can pay with BTC or with a credit card(there is no fee for using a card)


6. Agree to terms and click confirm


7. On the next page enter your payment info if you are paying by credit card. And complete the payment.


8. For first purchase with a credit card you will have to go into your credit card purchase history from you bank website and get the 4 digit code on the transaction and enter that code in hashflare so they can verify the card you are using is indeed yours and is not stolen. 


9. You are all set. Your payout will be in bitcoin once per day. 

*************************

BTW, don't take my word for it. Here's a bitcoin mining calculator that shows you a BTC profit from 1TH. It's about 0.05769BTC per year, which is about 0.8 BTC/year from 14TH, AFTER the maintenance fees are deducted. Multiply that by today's price of bitcoin, or by $170k which LIKELY is what 1 BTC will be worth a year from now.

https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1000&p=0&pc=&pf=15&d=1590896927258.08000000&r=12.50000000&er=14000&hc=150

Looks to me as a potentially LIFE-CHANGING op portunity. I kept telling you guys that having bitcoin is like gold mining 150 years ago. Now that bitcoin skyrocketed from $800 in January to $17,000 today, it's a full blown GOLD RUSH!

Here's the registration link again:

https://hashflare.io/r/1E78B84C

BTW, there are other companies that rent out mining rig capacity, but since bitcoin mining is SO PROFITABLE now, some of them ran out of capacity and have no capacity to sell for any amount of money. It's like mining gold in 1800's; the EARLY miner gets the GOLD!

*************************

Here's an earnings update. I've bought a $51 contract just to test it out, which gave me a 0.34TH. First day results are here, although they're only for 22 hours since I made payment 22 hours before I found these results on my dashboard. 

So my 0.34TH gave me  0.00005041 BTC payout, out of which my account was credited  0.00004314 BTC. And that's 71 cents at btc price of $16500. That'd make it $21.30 earning per month and $255 per year. So my $51 investment is ON TRACK towards earning $255/year. Probably closer to $300 since the first day was only 22 hours.

Here's a pic:

my bitcoin mining payout

 

BTW, this is starting to spread like wildfire on social media. And since the number of mining rigs out there is quite LIMITED, this just CANNOT last very long. I predict that in a MONTH or TWO they'll either jack up the price to at least DOUBLE or they'll STOP selling new hashing contracts. So those who ACT FAST will benefit the most.

****************************

And lastly, I'm all about FREEDOM. So if you'd like to know more about how to fully "DECENTRALIZE" yourself from any PRETEND government (see the "About" note on my steemit page to see what I mean), then you may wanna follow me. I.e. I'm no longer a taxpayer and IRS knows it and doesn't mess with me, and my bank account is exempt from levy so they can't touch it. Knowledge is power.



Sort:  

Kinda easier just to buy Bitcoin, the higher the price of Bitcoin the more mining power will come online and the difficulty will make it not profitable in 3-4 months is my guess.

Sounds like a bad guess to me, considering that people were mining bitcoins since 2009, and it is STILL QUITE profitable, even though the price already skyrocketed. Why didn't it stop being profitable in 2010, or 2011, or 2012, etc. ????

It has generally always been smarter to buy Bitcoins than try and mine yourself. I mined on and off since 2013, buying was always smarter.

How is it smarter to pay $17000 for one bitcoin when you can mine one in a year with a $4000 mining rig or with a $2100 cloud contract?

A 1 bitcoin investment in a contract a year and a half ago yielded 0.2 bitcoin in that year and a half. Difficulty is astronomical. Only high capacity miners in low power cost areas and the guys running the pools are profitable. Bitcoin is not for casual miners. Stick to memory hard GPU mining like Ethereum, Dash or BTG.

That's a LIE. Bitcoin didn't skyrocket in price until this year. Now things are different, i.e. MUCH more profitable. In 2016 bitcoin only TRIPLED in value, but this year it multiplied 20 TIMES in value.
In 2016 mining difficulty increased only 3 TIMES, while the price also increased 3 times. That means that a $2100 investment in a 14TH contract would give you about $25,000 profit per year. Of course back then mining rigs were much less efficient than they are now, so a 14TH contract probably cost a lot more than today.

It'll definitely cost a lot more later on in the future, the rich will get richer.

Is Dash easy to mine?

You're crazy. It's NEVER been as profitable to mine bitcoin as it is now. The new mining rigs produce 14TH/s and you can buy online 1Th for $150 a year. If you plug that into a bitcoin calculator you'll see that 14TH will cost you $2100 a year and earn/mine you almost ONE bitcoin a year. AT THE CURRENT mining difficulty.

Good Question. I was told not to listen to those that say mining is a waist of money.

BTW, the bitcoin mining difficulty has increased about 5 TIMES in the last year, while bitcoin price has increased 20 TIMES. Which makes it 4 times MORE profitable to mine bitcoin TODAY than it was a year ago.
I mean, where do you think those high transactions fees go, if not to MINERS?

What you dont have money to buy the full one? Renting can be an option thats what I think bit the only problem is that buying a full one will be more expensive because of electricity , mainteinance and so on.

freebitco.in/?r=8869745
Hey, wanted to let you know where to get some free Bitcoin.
It's a Bitcoin lottery and you can win up to $200 every hour, there's also jackpot drawing of $500 every week!
You can also mine BTC and they have a gambling section if that's your kind of thing.
Hope this can help you get a little extra in your wallet.
Good luck!

Totally agree. Buying bitcoin is better than mining. Let's say purchasing mining equipment, the profit could be calculated via https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4.730&HashingUnit=TH%2Fs&PowerConsumption=1200&CostPerkWh=0.12 the profit for a month even couldn't compare the bitcoin price change in an hour. People already miss the gold mining age.

Make sense.. Except, bitcoin's transaction fee is skyrocketing. You might as well look into mining Bitcoin Cash. (BCH)

You don't get it. Those transaction fees go to MINERS, which is why mining bitcoin is so profitable now. Miners ALWAYS mine what is most profitable, and right now it's bitcoin.

These mine bitcoin cash also

steem blockchain is good, no need to do mining. steem is using dpos (delegated proof of stake) instead of pow (proof of work) that bitcoin is using. As such there is no need to do any mining, saving electricity. The elected witnesses will have their servers run in secret locations throughout the globe. Moreover steem 's transaction spees is way faster than bitcoin. I think steem will be more acceptable to daily transactions while we do not forget about bitcoin because it cannot fall at this moment of time. Reason is there are still many people who do not know of cryptocurrencies and the only thing they hear is bitcoin is a scam. The minute that they hear bitcoin falls it would not be such a good PR for the cryptocurrency world. (This is in my opinion). So it is like to exist with the first cryptocurrency. Co-living together.

Nicely done mate. Cloud mining is far better than own mining now a days. Its most profitable thing. I am too with Hashflare and earning good. At the current price point of BTC, Break Even only in 60 to 70 Days. SHA 256 is Best there.

First off, excellent post.

My first real exposure to crypto was when I joined SteemIt in October 2016.

Since then, I caught on quickly and have made quite a bit of money with Bitcoin and Litecoin.

I thought about mining, but reconsidered when I learned that Bitcoin is not infinite, meaning that there is a limited amount and once it's all mined, that's it. So, miners will still be able to make money from transaction fees, but there are a lot of questions about whether or not just having income from fees will be able to cover the cost of running a rig. If anything, renting would be better once all of the Bitcoin has been mined.

Personally, I find that it's much more lucrative (and more fun) to trade different cryptos. I think now is a fantastic time to be buying lots of crypto. I especially like Litecoin and Steem right now.

I really enjoyed your article. Thanks for the great info!

What you missed is that bitcoin transaction fees have skyrocketed. And who do you think gets those fees? MINERS.

Actually, I didn't miss that at all. I even mentioned the fact that miners get fees in my comment. I know fees are high right now. What I am saying is that after all Bitcoin has been mined, miners will have to rely on fees for income. If transaction fees drop, it will be a question of whether or not the fees that miners bring in will be able to support the cost of their rigs and provide a decent profit.

I didnt't say mining wouldn't be viable. I just think it remains to be seen. We won't really know until it happens.

red-rose small whale (53)
Send only 0.01 or 0.02 SBD/SD and get after few hours 190% of your fees SBD : I will upvote Comments and posts with Free Resteem to +380 followers

436 followers1785 posts54 following
send your link URL in the memo Joined October 2017

bitcoin has been since 2010

Exactly, and it is STILL QUITE profitable to mine.

Cok guzel harika

I agree 100% especially using Hash flare. A substantial amount of money can be made for yourself and or other investments. Great post.

i like the ability hashflare offers to mine other coins as well. thanks for the post.