PROS and CONS to mining and using exchanges to use crypto

    I have now and always will be a miner. This is due to the legacy of what Bitcoin actually represents. It represents a way to bypass the current crooked financial system and have self-ownership of all your funds.

    Mining can be done many ways, for example I have 5 miners in a few of my most trusted friends house mining, because they cannot fix their miners. I fixed theirs 3 months ago and probably will not be bothered again till December since they have them in their house. I also have 3 where I am, 2 mining cloud contracts with hash flare, one with two with minergate, so I have multiple streams of income and I never have to worry about the price.

    When Bitcoin was $100.00 per coin In shares at mining with 30GH/s I got 0.01, which was approximately a dollar a day. When it hit a thousand dollars I still got a dollar a day, it was less satoshi, but the actual value, based on the work I was providing was the same. The pools I mine now I never have to worry about difficulty period.

    Now the pros and cons of buying and selling with mining comparison

When you buy a coin low to sell it high you are not doing what cryopto was designed to do. You are actually staying on the same monetary regulatory system using crypto. You then must send it to a third party as a custodial in order to make a trade order and we all know what can happen when you rely on any third party

you are still trusting a third party in the same reason you trusted a bank. As a miner, there are several ways of earning and you can now shapeshift from your mobile device or your computer. This way the transaction is instant. I do not have to worry about the price or a third party stealing my coins.

One exchange actually stole coins when a deposit was made and we could not withdraw. To this day there is one exchange that have not reinbursed over 2 clams. Now that is bad when clamcoin is less than bitcoin.

Satoshi wanted a proof of work system that would verify transactuions in order to arrive at a concensus. This means active participation. The currency in itself is free I can not buy something that is supposed to be free to earn.

This is why I mine. I am never going to loose, I can not get my funds stolen, and I can think of some creative ways to mine without being placed in a hole.

This is the reason I will mine. I have complete control, I have self ownership, I do not have to rely on any third party, and most wallets now have the shapeshift internally built into it.

I have multiple streams of income daily, which adds up in 1-2 weeks depending on the amount of time running with some. 8 are on 24/7 the cloud mining are on 24/7 others are 12 hours so it does add up and I have seen too much loss to begin a trade. I do not loose mining. And wind tunnels are more effective ways to mine. You have to have been an engineer in the coast guard to understand that one, but think of it this way, when it is 100 degrees out and you go through a tunnel, the tunnel is cooler. Wind tunnel.

Mining is the only sure way to have self ownership and stay off of the fiat. You can buy a car with btcoin through beepi, you can even do some other things now via blockchain acceptance. Soon the miners will just be able to mine the coins and move them to what they need. Which was what crypto was suppose to be.

Hope this helps you understand why I will always mine.

FIAT TO THE CRYPTO MARKET

This blog is to answer those questions of How do you get fiat currency into the bitcoin market if banks decline deposits. Simple, 1. You are the bank, they are not needed. 2. There are a few ways they have no choice.

Let us explore the two I have always used. First I have not owned a bank account for 20 years because I knew they were crooked and untrustworthy. I do not agree when a savings account can charge you an inactivity fee when it is a savings account. IT IS SUPPOSE TO JUST SIT THERE AND GAIN INTEREST. A savings account should hardly ever be used.

BTM MACHINES- Bitcoin Telling Machines (BTM) are one of the best way to get fiat (fake currency) into the Crypto market. You can use a BTM to buy/ or sell Bitcoins. In this case we are going to learn how to buy Bitcoins so you can get the fiat into that market to start. Watch the below video in order to understand how to use the BTM.

https://www.youtube.com/watch?v=vnm4xFC2xNo

PRE-PAID DEBIT CARDS- One of the ways that I have used was, when I was working, to use a pre-paid debit card. This is not really connected to a bank, they only have a bank that acts like a go between, but even every bank that is affiliated with the pre-paid debit cards will tell you they have nothing to do with the actual card. Your money can be placed onto the card by, direct deposit, or through a retail outlet. In one case the America Express Serve Card you can walk into any walmart and put money onto the card at the cashier.

If you use some common sense, you can see there is no need for a bank, or a frinancial institution, to accept the payment. The fiat (Fake Currency) can be placed into the crypto market at any time through one of these two ways. There are many sites that you can buy bitcoin with a debit card or credit card. I prefer the BTM it is safe secure, and your coins hit your wallet almost instantly.

I hope this article helps you.