Gathering Cryptocurrencies - The Hustlers Instinct

Cryptocurrencies

STEP B: Mining Cryptocurrencies

There are over 275 CryptoCurrencies and the last CryptoCurrency Convention before this writing took place in April 9th, 2014 in NYC. Although man currencies were called, only few were chosen. Among these few are bitcoin and litecoin - our centre of focus.

 Although there are programs designed to search and mine for bitcoin, you can’t churn out unlimited bitcoins at will because you want to. That’s right. The bitcoin protocol – the rules that make bitcoin work – states that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin). 

No matter how secure and innovative would be Bitcoins, they are just some bytes on a digital storage medium and they can be copied as well as any digital information. To become a miner, you are going to need a very powerful computer, so you may not have this possibility. Nonetheless, you can always convert part of your savings, hoping that the future is going to be promising. There are so many advantages of virtual money that many financial analysts predict it a brilliant future. If this is going to be true, we can’t know for sure, but it is a good alternative to bank deposits that offer no interest whatsoever. 

Mining for bitcoins is a relatively easy thing to do, and if you are lucky enough to live in an area with relatively cheap electricity, then you can stand to make a decent profit doing so. The financial gain is limited if you live in a city where electricity prices are high, but if making money from bitcoin is your goal then you do still have a lot of options. 

Bitcoin faucets can offer you a chance to make a small amount of money, and there are microjobs websites that offer income from bitcoin as well. That would be talked about under the topic i refer to as the "Free money system." Being a miner myself, I have mined to the point of madness, that which is called madness, that which to me is the only thing worth mining.  But I keep thinking; why spend days trying to mine-out a single coin when you could just invest in those already out there mining or trading in same currency? Besides, We've thoroughly studied the Bitcoin client from within and have found an almost imperceptible but very significant flaw (associated with the commission), using it we have committed a Bitcoin transaction in which the recipient has received more Bitcoins than the sender has sent. Unfortunately, the difference is not so great (about 1%) and if you make only one transaction by a small amount your capital will not increase much, but if you make transactions permanently and by a large amount, you can get rich very quickly.  

We've discovered this flaw recently and have not yet managed to win a lot, but every day we multiply our money hundredfold times and want to do it more. We all understand that such a freebie cannot continue for a lot of time and this flaw will be found and corrected in the near future, but until that happens, we want to win as much as possible. That is the reason for this blog.  

The following are mining rigs which have been tried and tested - yet, none have been found wanting... 

CoinChoose 

CleverMining

BitMinter

Eligius

Bitcoin Affiliate Network

AntPool 

BTCMine 

BTCDig

P2Pool