Jasson
Inscrit le: 16 Jan 2021
Messages: 8
|
 Posté le: Jeu Déc 02, 2021 1:09 pm Sujet du message: How to earn cryptocurrency? |
 |
|
1. Mining
"Minipd" in English means "prey". This is the oldest, original way of earning money, which simultaneously provides the issue of cryptocurrency. Mining is the process of solving a complex mathematical problem, as a result of which a new block is created in the cryptocurrency network, for which miners receive remuneration. In fact, it is the miners who ensure the operation of the system.
Mining requires a powerful graphics card, a board with an FPGA processor, or a specialized ASIC processor, which now has the most favorable ratio of efficiency and energy consumption per unit of cryptocurrency. However, now mining alone is an almost meaningless activity, since in order to calculate one block, more and more power is required, and the reward on the contrary falls.
To increase the reward, there are whole mining farms in the world that a lone miner can never compare with. In addition, mining is associated with other disadvantages. Therefore, in 2020, mining has become one of the most unprofitable ways to earn cryptocurrency. In fact, the costs associated with mining will eat up the entire reward received, at best.
We remind you that ripple cannot be mined.
2. Cloud mining
This is the process of mining cryptocurrency by renting the necessary equipment (computing power) via the Internet. At the same time, there is no need to purchase equipment, pay for electricity and avoid other inconveniences, does not require material investment, special knowledge. The owner of the equipment receives profit in the form of commissions.
Despite the fact that this method also requires investments, it still remains much cheaper than mining yourself. The fat disadvantage of this method is that it is very possible to run into scammers. Reviews on the Internet can help you with this. IQ Mining services (and this is the opinion of not only our editorial staff), Genesis Mining and HashFlare proved themselves the best in 2020.
If you do not take into account fraudulent schemes, then this is the most realistic way to get cryptocurrency. Naturally, the more capacity to rent, the greater the profit, which means it requires more investment.
We remind our readers that even if you find a service offering you to mine ripple, then most likely you will mine something else, which will then be converted to XRP.
3. Cryptocurrency trading on the stock exchange
Trading on a cryptocurrency exchange is no different from trading any other assets – buy cheaper, sell more expensive. This is a good way to earn money on cryptocurrency with small investments, however, according to statistics, when trading on the stock exchange (any exchange) from 80% to 95% of newcomers drain their capital. This is because many people treat the exchange as a game, and this is the strongest misconception.
The profession of a trader should be studied, as well as any other type of activity. In relation to ripple, this is one of the real ways to make money on cryptocurrency, so in the future we will consider it in more detail. The best exchanges for cryptocurrency trading, according to the editorial board, are EXMO and Binance. They are convenient because they can be used to trade cryptocurrencies for ordinary fiat money, including rubles and hryvnia, a clear interface and a large number of trading pairs.
The big disadvantage of this method is the low security of crypto exchanges. If you follow the news, you should know that exchanges are constantly being subjected to hacker attacks and users' assets often disappear irrevocably in an unknown direction.
You might be interested: Cryptocurrency Trading: 8 tips for a novice trader
4. Investing in cryptocurrency
At the same time, it is similar to the previous method, but has some fundamental differences, the main of which is the timing of asset retention. Many experts advise buying a cryptocurrency and keeping it for at least a year, and then you will definitely make a profit (but not a fact).
And the second important difference is that, unlike traders who can earn on a fall in the exchange rate, investors always count on an increase in the value of the asset and follow the "buy and hold" principle.
Of course, like cryptocurrency trading, investing requires professional training. For example, if you bought a ripple at the beginning of 2018, when its maximum cost was more than three dollars, then you would not increase, but decrease your capital.
As for the XRP cryptocurrency, in our opinion, it is now a promising investment, since ripple has a huge growth potential, and the price is very affordable, compared, for example, with bitcoin and Ethereum. Read more about the prospects of ripl here, as well as in our forecasts.
5. Cryptocurrency Faucets
This is the easiest way to earn cryptocurrency and one of the few ways to get cryptocurrency without investments. Negative earnings are very small, so in order to get any tangible result, you need to use as many sites with cranes as possible. A crane rotator can also help with this, but such services often quickly cease their activities. In this article you will find the most popular ripple cranes of 2020. |
|
FAQ
Rechercher
Liste des Membres
S'enregistrer
Profil
Connexion
Se connecter pour vérifier ses messages privés
