MINING THE RIGHT WAY

All over the Internet, you continue to see blogs and articles that state hash power is the true key to making money in crypto currency. While that may be true if you make the same mistake of mining only one coin, putting all your eggs in one basket, it is not true if you do this right. The best thing to do is stop thinking in terms of the monopoly money, the US DOLLAR, and start thinking in metrics.

Let us first start by breaking down expenses if you are not one of the lucky ones to live in a place where all utilities are included. Instead of thinking the grand total of what you need per month, which is very short sighted, think in terms of breaking down one expense at a time.

Let us start with the electric bill. Just for this example let us say, that your electric bill averages $450.00 a month. Here is the correct way to do this. You can go to a cloud mining site, this way you do not pay any electricity, mining for the electric Bill. Let us say you go to cloud mining site and you pay just enough on a coin. For this example we will use Monero. So you invest in enough hashing power on that site just to get your Electric bill. If your bill on Average is $450 per month, then the best thing to do would be to invest in enough hashing power so you get at least $600 a month.

As you can see you can not live on $600 per month, but this coin your mining now represents a kilowatt of energy, and you no longer have to pay your electric bill from your income. You can then invest in Bitcoin cloud mining to get the remainder of your actual bills, which should be a lot lower than your electric bill. Now all the bills are taken care of no matter what every month. The unit of Bitcoin now represents the utilities you use, and the units of Monero now represent the kilowatts of energy for the electric bill. All the bills are paid every month

With the bills paid now you can use your miners to mine the coin that is profitable for you, the

coin with the least amount of share difficulty for the mining pool you use, and a G.P.U coin to give an assistance to your income. Now you will start seeing some real differences and you will see how easy this truly is.

I hope this article helps you and please feel free to ask if you do not understand.