Mining tutorial

We have discussed mining to a degree. Here is how to fully understand mining. We now know what mining is, but it seems like people truly do not understand it's significance.

When a coin or site gets hacked, dumb people instantly panic and sell bitcoin, no matter if it was an Alton that got hacked.

Did you all forget that the bitcoin network is highly secured due to all the miners. The veterans, such as myself shrug our shoulders and keep mining.

Bitcoin did not go down to a dollar did it? No. It was stable because we continue to mine it and use it.

Secondly, if the value drops a bit, good, it simply means the difficulty will drop too. If Bitcoin value was $1,000 for 1 bitcoin the mining difficulty would be very high. We would adapt and overcome, of course but if it lowers Ok fine the difficulty lowers too. Brain dead people will always compare it to dollars, such as buy low and sell high. Bull. I always buy high so I can sell higher which also increases the value of bitcoin.

For the record mining is the most important and Intricate part of bitcoin

The Best way to use Faucets

  There are many questions of if you can use faucets to make a living with crypto currency. If you use them alone, then the answer is NO. There is a way that utilizes the faucets for what they are suppose to be used for and that is an assist.

 Everyone knows what an assist is, even those that have their nose stuck in a basketball game. Let us take a look on the best way to use the faucets to assist the income.

  Let us look at an example. Let us say you are using X11 to mine Dash (Digital Cash). This would tell you the faucets you will use an assist to gain more income to your mining. You will do the DASH faucets. The more DASH faucets you do the better the assist to the mining income you will receive. The same goes for any coin you are mining, you always use the faucets of the exact same coin you are mining to multiply the income.

 It clearly makes no sense to be mining DOGECOIN and do peercoin faucets. I am sorry but the peercoin will be sitting in a wallet and DOGECOIN in another wallet. If you exchange the peer then you have to pay fees and then when you send the dogecoin you have to pay fees, so knowing that there are fees, would it not make sense to do the one time fee trade instead of several?

Im not saying if you want to save coins like a savings account that you shouldn't do that. I am saying that for income purposes to live on you need to organize your mining with the faucets you are doing. Some sell their hashpower and get paid in Bitcoin, then do the bitcoin faucets to the exact same wallet.

The person that stated he only made enough to get beer at the end of the week, really had no understanding of math. Just because One person Fails, does not mean all will fail. The intelligent people already know how to make this work. There are several of us that are making this work.

If you like the information and would like more in the future let me know that the information is appreciated. You can always donate to the cause. I accept Bitcoin, Litecoin, DASH, and Dogecoin

DOGECOIN:   DEtpgkFpPnje6opmYNFqYuLaTQwy56zhwJ


DASH: Xujzv1GZsbqYVLh78T8oK9PU6we9FUWn1H

Bitcoin:   3Jusigzw7MgUaSJX1brE5TkNPpMnGGjbzy

Litecoin:    

LhAfhXLv1mG9iuWZPidFfqpWUME1KuVjVz