What’s the best way of making money off cryptocurrencies – buying Bitcoin, mining, or Investing in a blockchain mining infrastructure? This is a question that’s often been asked lately. Since the value of Bitcoin skyrocketed in the mid-2017, everyone started talking about cryptocurrencies.
Those who had bought Bitcoin a few years ago now can cash it out for a serious amount of money. This has prompted investors to start thinking about buying this cryptocurrency and waiting for its value to go up even further. The problem is that at this stage, in order to make a lot of money from Bitcoin in the future, you would need to invest quite a lot of real money.
As not many people have that kind of money (or they’re afraid to invest it in a relatively new thing), buying cryptocurrencies now doesn’t seem like a very good choice. Instead, a much more profitable method is blockchain mining. However, this is something that also requires a fairly big investment, as you need to buy all the blockchain mining equipment required.
What You Need to Start Mining Bitcoins?
Some think that blockchain mining is a process that can be done with the use of regular computers. Unfortunately, the days when you needed a CPU and a bunch of video cards to make Bitcoins are long gone. Surely, you can use that kind of equipment for blockchain mining, but the electricity costs will be so large that the profit will be minimal.
Instead, you could invest in a more sophisticated hardware, designed especially for this purpose. However, such items are fairly expensive, so you might not be too eager to buy them. For all of these reasons, many people have decided to give up on starting their own Bitcoin mining facility. Instead, they turned to investing their money in cloud mining.
Blockchain Cloud Mining
Rather than investing in your own blockchain mining equipment, you can let someone else do it. You can put your money into a Bitcoin cloud mining company and make profits without doing anything. Unfortunately, the profits, in this case, are rather modest – the bigger part of the profits goes to the cloud company.
On top of that, giving your hard-earned money to strangers can be risky. In fact, if the cloud company’s offer seems too good to be true, it’s because it isn’t true. Many such companies have proven to be simply Ponzi schemes. This is the reason why you need to be extra careful when looking for a remote blockchain mining company.
So, Where Should You Invest?
Unless you are ready to sacrifice a lot of your money and nerves, starting your own blockchain mining business is not a very good idea. A much better solution is to invest in an existing mining infrastructure. But, you need to choose a legit company, which will also give you back a fair share of profits.
Finding such a company requires doing a thorough research. But, if you are not eager to spend hours browsing the internet, you might want to listen to our advice – Envion. This is a Swiss company that might be a new kid in town, but Envion has a pretty good money-making strategy.
To learn more about Envion’s blockchain mining infrastructure, visit https://www.envion.org/en/ or read the Whitepaper!