Are you curious about whether you can make money with crypto mining? As a crypto miner with a small mining farm, earn more than $100 per day, maybe I can give you some guidance on crypto mining.
Let’s get started.
1.Does Crypto Mining Make You Money?
If you are a crypto mining beginner, perhaps you will wonder, can crypto mining really make you money? In the long run, crypto mining only need a one-time investment to bring you continuous income. If you have dozens of crypto mining rigs like me, you can earn more than $100 a day, whether you know blockchain or other complex technologies or not.
Of course, crypto mining don’t always bring you benefits. If your electricity cost is too high, or if you purchase crypto mining rigs at a price that too high, it is difficult for you to get a satisfactory income in a short time. Unfortunately, sometimes your crypto mining rigs may make you lose money, but as long as you can stick to it, you can always get satisfactory returns.
2.Will Crypto Mining Spend a Lot of Time?
Crypto mining won’t take you a lot of time, you just need to set up your mining equipment at the beginning, and then check the status of the equipment every 1 or 2 days. In fact, I spend no more than 2 hours a week on my crypto mining farm. And the benefits of this matter far exceed the time I have paid.
3.Do I need to learn blockchain technology?
You don’t need to learn complicated blockchain techniques to crypto mining. But you need to know how to create an crypto wallet and how to register a mining pools account. After obtaining the crypto currency, you need to know how to turn the crypto currency into a currency that you can use locally.
4.When Is The Best Time to Start Crypto Mining?
Usually, you can start crypto mining at any time. But if you can choose, the best time is when the cryptocurrency market falls. At this time, crypto mining rigs will also reduce the price. You can buy mining rigs at a lower cost.
However, no one can predict when the price of cryptocurrency is at the lowest price, and you cannot know the opportunity to increase or reduce the price of crypto miners in the coming month. I suggest that you, like me, purchase some crypto mining rigs every once in a while. In this way, my crypto mining rigs cost is much lower than those of my friends.
5.How to Choose a Crypto Mining Rig?
There are two kind of crypto mining rigs: asic miners and graphic miners. Both these two kinds of crypto mining rigs can be used for crypto mining, but asic miners can bring you better benefits, when graphic miners can dig different cryptocurrency. In the following article, I explained in detail the difference between asic miner and graphic miner:
Almost all my mining rigs are asic miners, because for me, mining efficiency is more important. so my profit margin is higher than those who use graphic miners. But this does not mean that my choice must be correct, you can choose what you want.
6.Buy Your First Crypto Mining Rig
If you know how to assemble computers, you can assemble your own crypto mining rigs. Of course, you can only assemble graphic miners, because you can’t buy professional asic chips in the market, but graphic cards can be bought everywhere.
You can also buy asic miners in many places, such as Amazon or dealer websites. I don’t recommend buying on the official website of the manufacturers, because the price of them is usually expensive. My mining rigs are all bought on the dealer websites. They give me very good prices and excellent service.
Here are some asic miners I recommend. They have a good return on investment and are the main asicminer I use：
7.Create Your Crypto Wallet
You can find ways to create crypto wallet in many places. I recommend you to use foxwallet, it is a very popular crypto wallet, I have been using it for a long time. You can also deposit mining proceeds directly to the exchange so that you can easily sell your cryptocurrency.
8.Sign Up For a Crypto Mining Pool
Since it is difficult for solo mining to bring you benefits, you need to register a crypto mining pool for crypto mining. Depending on the coin you choose to mine, you can choose from many different crypto mining pools, such as F2Pool and Poolin, which simultaneously support many kinds of cryptocurrency mining and provide stable and reliable services.
9.Set Up Your Crypto Miners
After you register the mining pool, you will get a mining link. You need to set up your mining equipment and link the equipment to the mining pool. Please note that usually different mining pool links only support the mining of a specific cryptocurrency. If you link the wrong mining pool link, you will not receive any benefits.
10.Make Your Crypto Miners Run Stably
The running time of the crypto mining rigs greatly affects your income. Therefore, you need to keep your crypto mining rigs running as long as possible. This means that you need a stable power supply and a stable network. You also need to check your crypto mining rigs running status at regular intervals.
You can easily get the income status of each mining rig through pools. When the return of a crypto mining rig becomes lower, it is very likely that something has gone wrong. You need to find and solve problems in time to maximize your benefits.
If you buy asic miners, the manufacturer will generally provide after-sales protection for a period of time. If there is a problem with your crypto mining rigs, please contact the manufacturer for after-sales service.
11.Double or Triple Your Income
Now you should have earned your first mining income. Simple right?
You can start doubling your income. All you need to do is to buy more crypto mining rigs. But please remember what I said, that there is risk of loss on crypto mining.