THE BLOCK CHAIN —What’s in it for me?
Discussing Airdrops, Crypto Mining, Earn up until Zcash
Airdrops are pretty odd; you are given free tokens to promote it and help them grow. The tasks range from simply asking for the tokens by sharing your ERC20 Ethereum address to receive them to sharing on social media and doing various tasks like writing and producing content. Learn more here.
Crypto mining can be complex, it’s where you get paid to use computing power to solve a problem, and by being the first, you receive a reward. Mining solutions have become so complicated that many now join mining pools so the computing power is concatenated and the reward shared between members. If you have a few powerful graphics cards or machines laying around it may be worth your while joining one of these. Anything else will require specialised hardware designed for the task; Look at ASICs miners like the AntMiner S9.
Want to Earn? Well joining earn.com won’t hurt you. Answering a few simple questions gives you your first taste of cryptocurrency by earning bitcoin. You can join relevant lists to be sent questions, and earn a reasonable amount for replying with an answer. Remember those Airdrops? Well, you can also subscribe to be notified about some of those and receive free tokens. Withdrawal to Coinbase is simple, but fees can be quite high.
Zcash mining can be quite profitable still using home gaming rigs. Using NiceHash to make things as easy as possible you could be earning a profit even after electricity costs. https://www.nicehash.com/help/zcash-mining
Zcash is classed as a privacy coin and has seen it’s price steadily rise and hold.
Funding your Savings
Educate yourself
Learning how to store your crypto is just as important as trying to earn it. If your buying crypto-currency, learn the different types of wallets and storage methods.Remember to keep your private keys safe and never share them.
Keep your savings in wallets you control, and where you are the only one that stores the private keys. Paper wallets make it so you can store them safely (we recommend you have a backup location as well). Hardware wallets such as Trezor or the Ledger make it easy and provide excellent security. Invest wisely in your education as well as your savings.
Initial Coin Offerings
Remember if you’re investing most ICO’s will fail, not many will fulfil their promises and even less will achieve their goals. However, significant gains can be made if you do your research and understand the risks. These tend to be mid to long-term investments and can generate a healthy return.
Cashing out
Register with the exchanges that make the most sense to you, it’s often worthwhile registering for a few even though it can be a laborious process to meet the KYC requirements. It’s because if an exchange fails it can often bring a price of coin down and you may want to buy or sell accordingly. Also, many exchanges offer different rates for different coins, so do keep this in mind when selling. Some people day trade between exchanges for profit.
Buying that Lambo
Most crypto is long-term, those that get in it for a short-term investment tend not to succeed because the markets are so volatile. The technology is in its very early stages, and with little regulation, it is likely to see much more up’s and downs. I don’t think it’s too late to make a reasonable amount of money but only invest what you can afford to lose, and most importantly do it safely.
