Invest
The last step in our plan is growth. Growth only happens when your investment is working for you as hard as you worked for it. So I looked for opportunities to reduce my risk and allow my coin to grow.
One of the ways I have done that is by buying into a cloud mining company. This allowed me to choose how my coins are going to work for me and I paid for a year long contract. Remember my goal is to get as many coins as I can. And this allowed me to mine coins without the investment in an expensive piece of hardware I would have to maintain and pay to run in the form of electricity and cooling. I also avoid trying to mine on my own and being the first miner to mine a transaction on the blockchain so I can get a payout. If you do choose to invest in mining hardware I would recommend joining a pool of miners to better your odds of being the first to validate a new transaction on the blockchain. There are some good miner pools but do your homework.
Hashflare is a cloud mining site that has a known reputation of paying out. This is the company I use to cloudmine. Of note... Please be very careful of sites that make outrageous promises. They are more than likely a scam.
Trying not proven
Update - Not looking good. I have enough coin to meet the minimum withdraw and it will not let me. However maybe the withdraw is based on interest only. Not sure... So still sign up but do NOT deposit any of your own money with this site.
I discovered this site the other day. I have no idea if they are legit.
I like the free coin they give you and start paying you interest on immediately. You get 10 diffrent coin types worth about $10 each. However at this time I have no idea if they are honest and will pay out when my balance is high enough. My strategy on this type of site will be to take some of my free coin and add to my balance of one coin type to test if they will payout when the amount is high enough. That will be after I read up on how others are faring. They support these Cryptocurrency BTC, LTC, DOGE, DASH, ETH, ZEC, XMR, XRP, BCH, RDD.
NOTE: Domain registered in USA. Website hosted by company in Ukraine and Russia.
