Crypto mining is challenging but worthy of the time and attention of every capitalist. Mining cryptocoins can be a confusing topic but make no mistake; there is money to be made in cryptocurrency mining. By now we’ve all heard of Bitcoin, the first decentralized cryptocurrency that was released in early 2009. Similar digital currencies have crept into the worldwide market since then, including a spin-off of Bitcoin called Bitcoin Cash. Then there’s ethereum, litecoin, monero among many others
Today, there is very much a digital gold rush where people can make money ranging from pocket change to a huge fortune by investing in equipment, and then engage in daily mining activities for crypto coins. Money can and does come in every day leading up not just a return on investment — but a healthy profit.
We need look no further than to tech legend John McAfee’s recent purchase of 500 Bitmain Antminer S9 bitcoin miners. Obviously John knows that bitcoin mining is profitable and he will be raking in lots of cash quickly by expanding his already-impressive cryptocoin mining operation.
Crypto Capers’ own Howard Sherman runs multiple Avalon 741 miners out of his home and makes money day and night mining bitcoin.
Considering the historical pricing of bitcoin (and as of November 2017 bitcoin cash) on an upward moving trajectory there is huge earning potential even in the short term.
Even a casual miner running a crypto mining operation out of a typical home can expect to make an impressive income assuming they’re running a sufficient number of machines and their cost for electricity is low enough. That’s because the electricity to power efficient crypto mining equipment is the only other cost consideration outside of the acquisition cost of the equipment itself.
Here’s a handy calculator to consult when considering the profit potential of your mining operation. You can run crypto mining profitability projections on a range of different cryptocurrencies.
Alternatively, you can go with cryptocoin investing if you’d rather have a more passive way to make money on cryptocurrency. Check out our cryptocoin investing section to learn more.
For detailed crypto mining guides please visit our blog and you’ll learn everything you’ll ever want to know.