What is Mining for BitCoins all about? I’m certainly no expert with Bitcoins or Litecoins, but have long been captivated by the thought of free money … Well, there are basically two different ways you can mine for Bitcoins or Litecoins. You can either build your mining computer and have it in your home, or you can leverage cloud mining. If you want to get up and running quickly with cloud mining for Bitcoins or Litecoins, I recommend getting your Cloud Mining account from Genesis-Mining. They are a Bitcoin Cloud-Mining platform that allows you to mine for Bitcoins without buying lots of hardware that has to take up space in your home or business!
According to The Coin Telegraph, “Cloud mining offers a mining system with a low cost of entry, minimal risks, and expenses, it is opposite to traditional models of mining that involve procurement, maintenance and configuration of highly specialized hardware.”
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Currently, 1 Bitcoin is worth more than $1000, if you can believe that … In the end, Bitcoin mining is basically setting up your cloud-mining account, then setting up your Bitcoin or Litecoin wallets and then you set your account to start mining… free money is the basic promise! We shall see.
According to CoinDesk.com, “Litecoin was announced in 2011 with the goal of being the ‘silver’ to bitcoin’s ‘gold’. At the time of writing, Litecoin has the highest market cap of any mined cryptocurrency, after bitcoin.”