Earn ETH. Make more Money Mining Cryptocurrencies, how to make money from Ethereum and cryptocurrencies, below are the simple guide to Earn ETH. Make More Money Mining
Earn ETH. Make More Money Mining
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what is Ethereum?
Ethereum is the store of exchange of values, which built it decentralize computing network on blockchain technology.
it is decentralize distributed public ledger where all transactions are made and recorded.
everyone that is part of Ethereum network has an identical part of the ledger w2hich help them see all the transaction.
The Ethereum community is the largest and most active blockchain community in the world.
People all over the world use ETH to make payments, as a store of value, or as collateral
On Ethereum you can write codes that control digital value.
Decentralize
When you hear the world decentralize it means that the network is not managed or operated by a single entity.
The supply of ETH isn’t controlled by any government or company.
The ETH. is managed by all those taking part in the network who has the ledger.
Blockchain the blockchain uses cryptography to make the network secured and verified.
all the participants are rewarded with cryptocurrencies tokens, then in the Ethereum system, the tokens are called Ether that is in short form (ETH).
Just like bitcoin Ether can use to buy and sell goods and services.
one thing that makes Ethereum different from others is that users can build an app and use it on the blockchain-like software as it runs on a computer.
The network can perform computation as part of the mining process the computation turns into a store of value. ETH is cryptocurrency.
Ether and Ethereum?
ether is the digital currency in the financial transaction as an investment.
while there is the blockchain network in which the Ether takes place and is exchanged.
The network offers other function that is not of ETH alone.
The movement of funds, the transactions, and the exchange of assets, etc. Are all processed and stored on Ethereum.
with there you have control over your data at the same time you can use the app anytime you want as it is not owned by any central authority.
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You can get free Ethereum / how it works
Once you have an android phone you can get free there just follow the following instruction:
Start earning free ether by signing up on one of the platforms online that supports free earning. for example Idle-empire.
you can sign up with your already existing social media account, do that through authentication by google. the google authenticator can synchronize your account immediately so there will be a need for signing up.
once the account is registered you start earning Points.
the only thing required is to answer a paid survey, watch videos, play online games, or test software.
you just have to find something that you like and be doing and you will be earning points.
You can then keep the Ether on your Coinbase account or send it to your own wallet.
Earn ETH. Make More Money Mining
Redeem The Ethereum
After playing some games and watching some videos and getting enough points then the next thing is for your points to send to you.
Some companies make sure your points are delivered within 24 hours. you can use Ethereum as money and send it to some of your friends. Or pay some bills or buy a product.
BITCOIN MINING
Bitcoin mining starts as a result of new bitcoin entered into circulation which is the component of maintenance and development of the blockchain ledger. a miner gets rewards with crypto tokens.
Cryptocurrency mining may be painstaking and costly, but it is sporadically rewarding.
many people mine for years whenever the coin they are mining adds value then they will begin to make sales, then it will be turn around profit.
Though mining takes investment and equipment still mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens.
Note some important facts;
you can earn cryptocurrency without having to put down money for it.
Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions which are added to the blockchain
Mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first.
And the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.
A miner is doing the work of verifying the legitimacy of Bitcoin transactions.
Some have the reason that mining helps them prevent double-spending.
To earn bitcoins, in the mining process you need to meet two conditions. One is a matter of effort; one is a matter of luck.
so if you have been hearing that a miner is solving great mathematics, it is not actually so.
they are only trying to be the first miner to come up with the 64 digits, the hexadecimal number, though it is basically a quests work.
It’s guesswork, but with the total number of possible guesses for each of these problems being on the order of trillions, it’s incredibly arduous work. In order to solve a problem first, miners need a lot of computing power.
mining and bitcoin circulation
you have to understand that it is through mining that the bitcoin went into circulation, that is one of the vital purposes, mining serves. In other words, miners are basically “minting” currency.
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What you need to mine a bitcoin
starting to mine a bitcoin is not all that difficult just that every journey begins with a step. the Bitcoin network aims to have one block produced every 10 minutes or more.
However, if there are one million mining rigs competing to solve the hash problem, they’ll likely reach a solution faster than a scenario in which 10 mining rigs are working on the same problem
first of all you have to invest in powerful computer equipment like the GPU and ASIC. These can run from $500 to the tens of thousands. Some miners
In bitcoin terms, simultaneous answers occur frequently, but later on, it will only be one winning answer.
Earn ETH. Make More Money Mining
Ethereum, Benefits
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large network
You have the opportunity to join the global community and the largest ecosystem in the blockchain, and cryptocurrency.
- Ethereum can be used to process other, types of financial transactions execute smart contracts, and store data for third-party applications.
- No intermediary Ethereum’s decentralized network promises to let users leave behind third-party intermediaries, like lawyers who write and interpret contracts, banks that are intermediaries in financial transactions, or third-party web hosting services. etc.