Which is the most profitable one
mining refers to the use of bitcoin mining machine to obtain bitcoin, that is, the computer used to earn bitcoin. If you can get bitcoin, you can make money this kind of computer generally has professional mining chips and works by installing a large number of graphics cards, which consumes a lot of power. The computer downloads the mining software and then runs a specific algorithm to get the corresponding bitcoin after communicating with the remote server
precautions:
1. It's better to use DIY mining machine, from purchasing accessories to assembly, and then to mining software, to learn, focus, practice and graally understand the blockchain
Mining is actually a fixed investment process: regardless of the currency price, a certain amount of positions will be increased every day3. The bitcoin wallet used to store bitcoin uses military level encryption, which makes it impossible for hackers to steal easily. Bitcoin wallet also allows users to set two passwords, a public account password and a private password. The user of public account password is to let the user receive bitcoin. If users want to withdraw or transfer bitcoin from their accounts, they need to use a private password
this choice can only be made by the parties themselves. Moreover, we should make rational choice on the basis of combining our own actual situation, which is the most beneficial and rational for us
other people's suggestions can only be of reference value at most... It's up to you to make up your mind in the end
especially if you want to study abroad
so, collect information in many ways... On the basis of mastering as complete and comprehensive information as possible, make a rational choice
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generally speaking, bitcoin and cryptocurrency tokens provide you with more control. You effectively cut the middleman between you and your money. No bank can decide how long a transaction will take and how much it will cost. You can also control where funds are stored and how they are accessed. Of course, control brings corresponding responsibilities
2. Affordability
since the middleman is not in the picture, you can save some transfer fees. Moving bitcoin from one wallet to another costs a negligible amount of money. It is cheaper for businesses to accept bitcoin payment than credit card payment
3. Speed
in addition to saving international transfer fees, you can also enjoy higher transaction speed. What does it take your bank a few days to do? Bitcoin can do it in a few minutes
4. Convenient
with bitcoin, online payment is easier and faster. If you want to donate or pay for something that will not be delivered, you do not need to disclose any personal details. Just send bitcoin to their wallet address
5. Security
it is safer for businesses to accept bitcoin than fiat money. When businesses accept credit card payments, they risk fraud and reverse payments. Bitcoin payment is irreversible, so there is no risk of reversal
6. Privacy
one of the main advantages of using bitcoin is that it provides privacy and relative anonymity. You don't need to provide any personal details to access the bitcoin wallet. All you need is a device to store it - even a piece of paper. Bitcoin transactions are only linked to your wallet address
7. Reliability
bitcoin network is essentially a point-to-point payment system. This allows you and you to remit money to anyone who participates in the party. You don't have to rely on the bank to do the work to make the transaction effective. In Ethernet, the risk of payment loss is small, which eventually makes it a more reliable way of payment
8. Investing in
bitcoin wasn't worth a lot of money ten years ago. Let's see where it has been since 2009. From a few dollars in December 2017 to nearly $20000. At the time of writing, it is now stable at around $6000. As more and more people adopt bitcoin, bitcoin will not be everywhere. Investing in it may be risky, but it's absolutely profitable.