After joning Steemit last month of August, today I started to invest in cryptocurrency through cloud mining genesis and hashflare ( only a 100$ just for a start to see how it goes) while I'm still educating myself more about cryptocurrencies & sharing to my fellow Steemians what I've learned so far.
WHAT IS BLOCKCHAIN TECHNOLOGY??
A blockchain is a distributed database that maintains a continuously growing list of records called blocks, secured from tampering, revision & solve the double spending problem for digital currency in the process.
WHAT IS CRYPTOCURRENCY?
It's a digital or virtual form of currency designed to work as a medium of exchange not just in the blockchain but now being used increasingly all over the world (the 21st century unicorn or the money of the future!)
You can see the list of cryptocurriencies here on coinmarketcap.com and their market value, price graph, etc.
THE BIRTH OF CRYPTO CURRENCY
Bitcoin - the first and still most important cryptocurrency invented by Satoshi Nakamoto around 2008-2009.
Nakamoto has claimed to be a man living in Japan, However, speculation about the true identity of Nakamoto has mostly focused on a number of cryptography and computer science experts of non-Japanese descent, living in the United States and Europe.
There are different ways to earn cryptocurrency:
STEEMIT !
Steemit.com is a blockchain based social media where you can earn 3 types of currency/tokens, Steem, SBD(Steem backed dollars), and STEEM Power(SP) by posting and curating (upvoting) content. (bye facebook! Hello Steemit!)
The value of steem for today is $1.21 & I believe it will go up in the future like the other.
CLOUD MINING
Mining is the very first way to earn bitcoins and other cryptocurrency. To mine cryptocurrencies you need a powerful hardware as well as software combination.
Cloud mining in the other hand, is a way to mine bitcoin or the other cryptocurrency without the need of owning a miner(or mining hardware).
The most popular and largest cloud mining site is Genesis mining .
(I would appreciate if you'll use my discount promo code: Iiaj7w)
and Hashflare
(My discount referral code: 6965BF54)
To start cloud mining, you will need a wallet.
I'm using exodus wallet. You can download it here.
Beware! There are many cloud mining scams!
Checkout Bitcoinmining.com and Coinstalker to see the list of paying cloud mining providers and their comparison.
PLAYING GAMES
You can earn Bitcoins by playing various business and investment strategy games, by playing multiplayer games against other opponents in online battles., etc.. Adios 8 ball pool, Goodbye COC! (not a fan of COC though) .
Checkout this website, play & earn real extra money!
PARTICIPATING IN TOKEN SALE & ICO'S
Initial coin offering (ICO) is an unregulated means of crowdfunding via use of cryptocurrency.
The term is often confused with 'token sale' or crowdsale, which refers to a method of selling participation in an economy, giving investors access to the features of a particular project starting at a later date.
One of ICO's whose giving free tokens is Authorship
Token symbol: ATS
You can receive free 75ATS for participang by signing up & receive more by spreading the news using your referral code.
75 ATS is equivalent to $10
Etherium wallet is needed but can exchange to bitcoin later.
Absolutely free until September 14, 2017 only.
I didn't invest yet, from 75ATS I already earned 535ATS (70$). How cool is that? 😉
Coinschedule.com and ICOcountdown.com gives you live updates of latest Token Sale & ICO's.
Meme photo source: https://blockchain.wtf/tag/meme/
Note: These are just some of the ideas on how to earn cryptocurrencies aside from buying & selling.
DO NOT invest into something that you can't afford to lose especially if your a newbie like me.
Do you know other ways to earn these future money? I would love to hear it. Comment down below.
If you find this worth reading, checkout more of my blogs below. All with original content unless otherwise stated.
TRAVEL & NATURE :
[Philippine's Talikod Island: Prestine White Sand Beaches & Crystal Clear water[(Talikud Island Unspoiled Pristine White Sand Beaches & Crystal Clear Water)
World's Longest Underground River: Puerto Princesa Subterranean River National Park
The Oldest Restaurant In The World!
The Tallest Hotel in Europe
Say Hola Costa Blanca España!
Leonardo Da Vinci's House & Vineyard
The Original Last Supper Painting, Milan, Italy
A message From A Tree-Retiro Park,Madrid,Spain
Copenhagen's Oldest Garden Park
Tiboli Gardens, A must in Copenhagen, Denmark
MY PAINTINGS, DIY'S & ART LITERATURE :
Colorchallenge monday red: DIY Topiary Flower Floating Tea Pot
Question & ART portion: What Inspires You As An Artist?
Abstract Art Interesting Facts
Be-You-Tiful
EVERYONE CAN BE AN ARTIST. ART HAS NO AGE LIMIT
Happy STEEMIng!
