In recent months I have seen the value of Bitcoin value exponentially. I had no idea what Bitcoin was and I did not even hear from the Crypto currency a few months ago. But with the recent government and the attention of the media, Crypto’s coins have received, have received everyone’s attention.
The currency cryptography or more simply digital money is gaining acceptance quickly around the world, since it makes transactions faster and cheaper. These transactions are secured by cryptography and each transaction has its own private signature or key. With its increase in value and popularity, everyone wants a piece of action. There are two main ways to earn money with Bitcoin. The first is a fairly simple method to buy the currency as an investment and hope that it increases its value. The second is the “mining” Bitcoins process. Once a transaction has occurred, they are verified in the network using “miners” using complicated algorithms. As a reward for your work, you receive newly coated transaction and / or bitcoins rates!
From an investment point of view, there is a factor of great risk / reward, since this currency is relatively new and does not have an intrinsic value that causes volatility and great price changes. A positive fact is that there is a lot of money invested in this and companies are signing to use this currency, so we have no idea when their value will return to zero.
“Mining” also has a great risk factor / reward. At the beginning of Bitcoin, you used to be able to “mine” with a laptop or ordinary computer. But now, since more people are doing, the difficulty and the necessary power for “mine” increases. Bitcoins have a maximum amount that can coin (21 million). And as we approached and closer to 21 million, the amount of bitcoin rewarded for each “mine” successfully becomes smaller and smaller. Now, “the miners” that seek to be profitable have to invest in complicated high-tech mining platforms and there is still no guarantee that they will be profitable or even make their costs.
However, there is a third and safe option. In any sudden event that promises riches, the most lucrative company is selling the tool that helps produce these riches. For example, in a golden hurry, it would be the shovel and in “mining” for Bitcoin, it would be mining platforms or powerful graphic cards. If you can produce these or even get your hands in a bit cheap, it would make a considerable benefit that turned them. Unfortunately, only a few selected ones have the luxury of choosing this option.