Looking to make a profit from home during the pandemic?

Thru the grapvine a few months back, I started to get involved with Bitcoin investments, bitcoin mining, etc and got into a total new side of technology that I've been ignoring for many years.

So let me introduce you to new concepts like: Bitcoin, cryptomining, cloudmining.

What is a Bitcoin: 

According to investopedia.com 

"How exactly to categorize Bitcoin is a matter of controversy. Is it a type of currency, a store of value, a payment network, or an asset class?

Fortunately, it's easier to define what Bitcoin actually is. It's software and a purely digital phenomenon—a set of protocols and processes.

It is also the most successful of hundreds of attempts to create virtual money through the use of cryptography. Bitcoin has inspired hundreds of imitators, but it remains the largest cryptocurrency by market capitalization, a distinction it has held throughout its decade-plus history.

Like standard currency, Bitcoin is produced and has processes and safeguards in place to prevent fraud and ensure appreciation in its value. The main building blocks of Bitcoin are blockchain, mining, hashes, halving, keys, and wallets. They are discussed in detail below.

(A general note: According to the Bitcoin Foundation, the word "Bitcoin" is capitalized when it refers to the cryptocurrency as an entity, and it is given as "bitcoin" when it refers to a quantity of the currency or the units themselves. Bitcoin is also abbreviated as BTC.1 Throughout this article, we will alternate between these usages.)

KEY TAKEAWAYS

Bitcoin is a digital currency, a decentralized system that records transactions in a distributed ledger called a blockchain.

Bitcoin miners run complex computer rigs to solve complicated puzzles in an effort to confirm groups of transactions called blocks. Upon success, these blocks are added to the blockchain record, and the miners are rewarded with a small number of bitcoins.

Other participants in the Bitcoin market can buy or sell tokens through cryptocurrency exchanges or peer-to-peer.

The Bitcoin ledger is protected against fraud via a trustless system; Bitcoin exchanges also work to defend themselves against potential theft, although high-profile thefts have occurred."

What is cryptomining:

Technopedia.com says that Cryptomining is the process of validating a cryptocurrency transaction. Cryptocurrencies like Bitcoin use distributed public ledgers to record all financial transactions. Each transaction is linked to the previous and subsequent transactions, which creates a chain of time-stamped records called a blockchain.

Because the distributed ledger is public, each record needs to be validated in order to prevent fraudulent transactions. Validation involves solving a complex mathematical problem that is difficult to solve, but easy to verify.

A network of computers called cryptominers compete to solve the problem first. The computer (miner) that solves the problem first earns the right to post the transaction to the ledger and gets a financial reward, which is typically paid in cryptocurrency.

Although anyone can become a miner, the cost of the hardware and energy required to be competitive and solve complex mathematical problems first can be a big barrier to entrance. Miners can hire a black market botnet, but a more positive solution is for miners to use cloud services.

you can become a miner yourself by purchasing a simple computer, adding a graphic card and after a few $$$$ you can start collecting your own bitcoins. Of course your level of earnings will be in the range of $3 to $4 a day, of passive income. The expenditure in hardware will be roughly $1000. So the ROI (Return on Investment) will be low.

Now to the oportunity of cloudmining. 

With cloudmining you do not need expensive equipment,  you just need to invest some money to start collecting bitcoins daily.

I did find a site chainmine.io that not only you can start with a small investment, just to test the waters as I did, and then start collecting next day. So far I have done a few withdraws that are way over the investment that I initially put in, so I'm on the safe side. The earlier you join the better will be your chances of regaining your money back, in case this is a bogus. 

For instance, with $20 you can join with my link https://www.chainmine.io/?ref=ARoAp5y and start making money the next day.

Good Luck!


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