Mined Your Own Business

It's time for all people to mined their own business. I'm not talking about keeping yourself to yourself and not getting involved with others. I'm talking about mining cryptocurrencies. It is a fantastic opportunity to create your own business with little investment.

How can you mine virtual currencies, I hear you ask... Well, it's all done on the Internet, and your mining rig (computer) will be connected to the cryptocurrency's protocol. It picks up any transaction that was sent, and it hashes it into the block that goes on the blockchain. You work with all the other miners to fill the blocks, and then you compete with them for the block reward. The block reward is paid out in the crypto you mine. So if you're mining Bitcoin you'll be paid out in BTC, and if you're mining Ethereum you'll be paid out in ETH.

Depending on which one you mine, will determine what kind of mining rig you get. ASICs mining rigs are best for Bitcoin. They made especially for mining Bitcoin and they are very powerful machines. If you want to mine Ethereum, you can use ASICs for Ethereum, but apparently Ethereum are not going to allow ASICs in the future, so a GPU mining rig is probably the best for Ethereum.

You can build your own GPU mining rig, and there's lots of good articles and videos online. GPU can be used for mining Bitcoin too, but it's not as competitive than as ASICs. If you do choose to build your own mining rig, you'll need a GPU (or 6), CPU, motherboard, mining rig frame, power supplies,  and you're good to go. Take a look online and you can learn it pretty quickly.

Mining crypto isn't as difficult as it seems, and it's a great way to earn a passive income. I recommend it for everyone to mined your own business. How about you, have you tried mining crypto? I'd love to hear any comments and I'm sure my readers would appreciate any advice you leave in the comments section...