How The rise of Ethereum Could Help Some Bitcoin Miners

 

The increase of Ethereum and Ethminers in the world of cryptocurrency is helping a lot the Bitcoin miners in the world. The Bitcoin miners are complaining a lot as the mining process becomes more complicated day and day out. To make it clear, Bitcoin mining is the process by which Bitcoin blocks are unlocked by the use of secure computers.

A new form of crypto currency

With the coming of ether which is the new form of crypto currency, there is a likely hood of Bitcoin miners shifting their energy to mine Ethereum block chains. The value for ether had risen over the years with just this year when it attained a 2000%. Some of the reasons why the increase of ether could be a solace to Bitcoin miners are:

  • It is becoming harder to mine the bitcoins.
  • The number of bitcoins to be mined is almost reaching exhaustion.
  • It is easy to mine ether blockchains as compared to bitcoins.
  • Mining bitcoins is consuming many resources and electricity.

Ethmining is more promising and paying

There are many reasons why the miners will shift into mining ether blockchains as seen above.  The price of ether is also increasing day and day out thus raising its demand. It is projected that the cost of ether will surpass that of Bitcoin very soon. For this reason, miners are more interested in ethmining as it is more promising and paying.

According to a report from Coindesk, the bitcoins dominance in the world of cryptocurrency is short lived. The pace at which the ether is growing and the number of people who own an Eth wallet can’t be ignored.

Many people who are aware of what owning an ether are investing hugely on the cryptocurrency.  More investors have shown the interest of buying the ether especially those who were passed during its Initial Coin Issue (ICO).

How to own an ether

Owning an ether is very easy, you only need to open an Eth wallet and proceed into buying the ETH. Buying is the easiest method to attain the ether because mining can take several years and the process needs highly sophisticated computers. With the likely higher future prices, the ether is in high demand at the moment.

The best thing about the ether just like any other cryptocurrency, it is not regulated by any central authority. The prices rise depended on the market forces with no manipulations from any authority. On the other hand, if you are a Bitcoin miner, it is a high chance you consider dedicating your energy where it counts much. Become an Ethminer and scoop the good kill.

Bitcoins Vs Eth mining

The Bitcoin is becoming more volatile due to the civil war between the so called crypto-power brokers whereby they are fighting over the future of the world of cryptocurrency.  Ether on the other hand is more stable and not affected by any external or internal factors. In a typical corporate environment, when a corporation is having conflicts, its share prices drop in the stock market. The same is true for Bitcoin. The prices.

The word is shifting into using crypto currency. The introduction of Ethereum is bringing peace to the struggling Bitcoin miners. There is a general wave that is changing from the use of bitcoins to Ethereum a thing that Ethminers are embracing, see why: http://ethermining.com/best-graphics-card-ethereum-mining/.

 …

Ethereum Miner – Mine and Earn Free Ethereum

Million love the sound of ether mining as it can be a simple way to earn a little money. However, there are some who think mining is far too much hard work and opt for buying it outright instead. It’s not hard to see why people want to buy rather than mine and yet mining isn’t such a bad idea. You can become an ethereum miner and earn a decent enough profit if you want to. It’s possible to mine and earn free ethereum!visit this link here!

What about Start up Costs?

In truth, a lot of people think it would be far easier to buy and sell ethereum rather than mine it and in a way it’s true. Instead of waiting to mine ethereum you could buy it in a matter of minutes and use it on the platform. However, while that might be popular it’s not always profitable especially as ether prices keep on rising. When you mine you can earn free ethereum which is ideal to say the least. Your investment can be pretty low too as long as the right eth mining rig is set up. You pay initially as you begin to mine but once you’re up and running it’ll start to pay for itself! It’s fantastic really.

Solo Mining Can Be Profitable Too

If you want to mine ethereum for free you have to choose the right mining method. You can either opt for solo mining or pool mining and both have their negatives and positives. Solo is great because anything you mine is yours but it can be a little time-consuming to strike gold in a sense. However, with mining pools you can join forced with others to mine ethereum and whatever is collected by all miners are distributed. The amounts can vary however and there are fees to pay for mining pools. That’s the real drawback here and it’s something you may want to consider also. Eth mining can be profitable but the right mining method has to be found. Solo mining is a great option for many and there aren’t any fees associated either. It’s a great way to mine and earn ethereum for free.

Should You Consider Eth Mining?

Ether mining can still be profitable despite what people might say. Yes, it takes time to make ethereum and to see any profit from it too but it is possible. You have to keep on at it in order to find your pot of gold. Of course nothing in life is easy and this is certainly a challenge in itself but with a bit of know-how and help you shouldn’t run into too many difficulties. You do have to ensure the right mining method is found and that you fully understand what’s involved to mine ethereum and earn for free. view more from http://www.mainecleanheat.com/

Find Success Today

Ethereum mining has really changed the face of virtual or crypto-currencies over the last few years and it’s interesting to say the least. People are now sitting up and taking notice of these things and it’s going to make a real difference for thousands also. If you want to mine and earn ethereum for free you have to ensure the right eth mining rig is set-up.…