Hi guys!
In our questionnaire, you answered that you would open a business using the money earned from the sale of SOUL.
We decided to tell you about a few ideas for business in the world of cryptocurrency. And let's start with mining.
There are two types of mining in 2020. Proof of work, and proof of stake.
Today we'll talk about the first option.
Proof of work is a type of mining where a computer makes mathematical calculations using its power.
Actions:
-Buy equipment
-Connect the equipment to the network where you will mine
-Configure
-Maintain
Example 1:
-Equipment cost = $2,000 USD
-Ethereum network
-Income per year = 8 ETH or $4000 USD
-Payment for light per year = $900 USD
Example 2:
-Equipment cost = $16,000 USD
-Ethereum network
-Income per year = 51 Ethereum or $26,000 USD
-Payment for light per year = $3500 USD
What affects your income:
-Power of equipment
-Complexity of calculation
-Price for electricity in your country
-Π‘ryptocurrency value you receive as a reward for calculations
Pluses:
-Payback of equipment within 250 days
-Almost passive income
-Low business entry threshold
-You accumulate cryptocurrency that can be sold at a higher price
-Tax free
Minuses come from pluses:
- Sometimes equipment needs to be serviced
-You depend on the cost of cryptocurrency, electricity
-It is necessary to prepare the room in accordance with fire safety rules
Conclusion:
If you understand this topic a little, you can start earning a net income with minimal investments within 250 days. The main thing is to start small, by trial and error, you will understand many of the nuances of this area. All that remains is to keep track of the temperature of the equipment, the rate of the cryptocurrency and follow the fire safety rules.
Want to learn about proof of stake and other business ideas? Vote under this post!
In our questionnaire, you answered that you would open a business using the money earned from the sale of SOUL.
We decided to tell you about a few ideas for business in the world of cryptocurrency. And let's start with mining.
There are two types of mining in 2020. Proof of work, and proof of stake.
Today we'll talk about the first option.
Proof of work is a type of mining where a computer makes mathematical calculations using its power.
Actions:
-Buy equipment
-Connect the equipment to the network where you will mine
-Configure
-Maintain
Example 1:
-Equipment cost = $2,000 USD
-Ethereum network
-Income per year = 8 ETH or $4000 USD
-Payment for light per year = $900 USD
Example 2:
-Equipment cost = $16,000 USD
-Ethereum network
-Income per year = 51 Ethereum or $26,000 USD
-Payment for light per year = $3500 USD
What affects your income:
-Power of equipment
-Complexity of calculation
-Price for electricity in your country
-Π‘ryptocurrency value you receive as a reward for calculations
Pluses:
-Payback of equipment within 250 days
-Almost passive income
-Low business entry threshold
-You accumulate cryptocurrency that can be sold at a higher price
-Tax free
Minuses come from pluses:
- Sometimes equipment needs to be serviced
-You depend on the cost of cryptocurrency, electricity
-It is necessary to prepare the room in accordance with fire safety rules
Conclusion:
If you understand this topic a little, you can start earning a net income with minimal investments within 250 days. The main thing is to start small, by trial and error, you will understand many of the nuances of this area. All that remains is to keep track of the temperature of the equipment, the rate of the cryptocurrency and follow the fire safety rules.
Want to learn about proof of stake and other business ideas? Vote under this post!
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1 million SOUL now, or 100 000 in a few years?
We hope that you have learned how to withdraw SOUL to your crypto wallet π¨βπ
But before you send SOUL to the exchange, you need a little ether to pay for the transaction π€
And we have made a guide for you on how to easily buy ether on Binance π¨βπ«
Click on the links to become more experienced in the world of cryptocurrency
But before you send SOUL to the exchange, you need a little ether to pay for the transaction π€
And we have made a guide for you on how to easily buy ether on Binance π¨βπ«
Click on the links to become more experienced in the world of cryptocurrency
Trader turned $600 USD into $20 000 USD π
Recently, on the Poloniex exchange, the price of the BNB token paired with BUSD dropped from $27 USD to 8 cents π€―
This happened by user mistake. He wanted to sell the weakening BNB in a pair to USDT, but he was mistaken and chose a pair of BNB/BUSD π±
The fact is that the volume of orders for the sale of BNB for BUSD on the said exchange does not exceed $1 000 USD
The low volume of liquidity in this pair makes it prone to manipulation ππ
Another trader took advantage of this by placing buy orders for $600 USD, and within an hour selling the purchased BNB for more than $20 000 USD πΈ
What do you think about this?
Recently, on the Poloniex exchange, the price of the BNB token paired with BUSD dropped from $27 USD to 8 cents π€―
This happened by user mistake. He wanted to sell the weakening BNB in a pair to USDT, but he was mistaken and chose a pair of BNB/BUSD π±
The fact is that the volume of orders for the sale of BNB for BUSD on the said exchange does not exceed $1 000 USD
The low volume of liquidity in this pair makes it prone to manipulation ππ
Another trader took advantage of this by placing buy orders for $600 USD, and within an hour selling the purchased BNB for more than $20 000 USD πΈ
What do you think about this?
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What do people say when they find out about your interest in crypto?
How secure is Bitcoin blockchain
Let's imagine
-Everyone has a computer that generates
27,000,000 wallets per second
and
-Imagine that the power has grown 40 times to
1,000,000,000 generated wallets per second
and
-You have
x1,000,000 computers
and
-Every person on earth has such parameters
x7,000,000,000
and
-Wallets are generated over 100 years
x3,000,000,000 seconds
and
-The Earth has
x1,000,000,000 copies
We get this number
5,878,656,000,000,000,000,000,000,000,000,000,000,000,000
It has 43 characters
And in the bitcoin blockchain, the maximum number of all wallets has 2^160=49 characters
For 1000 years of performing all of the above actions, we will have a 1 in 1,000,000 chance of creating an already existing key.
Let's imagine
-Everyone has a computer that generates
27,000,000 wallets per second
and
-Imagine that the power has grown 40 times to
1,000,000,000 generated wallets per second
and
-You have
x1,000,000 computers
and
-Every person on earth has such parameters
x7,000,000,000
and
-Wallets are generated over 100 years
x3,000,000,000 seconds
and
-The Earth has
x1,000,000,000 copies
We get this number
5,878,656,000,000,000,000,000,000,000,000,000,000,000,000
It has 43 characters
And in the bitcoin blockchain, the maximum number of all wallets has 2^160=49 characters
For 1000 years of performing all of the above actions, we will have a 1 in 1,000,000 chance of creating an already existing key.
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Hurry up, Soulers! π₯
1 day left before the end of the competition! β°
4 prize places
-20 000 SOUL for each π
-The dragons that you create will be in our game π²
Rules:
-Download your character's body parts folder π
-Create your dragon piece by piece from the set π§ββοΈ
-Send in the comments indicating your nickname in the game and the name of the character π
1 day left before the end of the competition! β°
4 prize places
-20 000 SOUL for each π
-The dragons that you create will be in our game π²
Rules:
-Download your character's body parts folder π
-Create your dragon piece by piece from the set π§ββοΈ
-Send in the comments indicating your nickname in the game and the name of the character π
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We haven't had an AMA for a long time! π
Do you want to ask questions in a live chat to member of our team? π
Do you want to ask questions in a live chat to member of our team? π