When it comes to cryptos I am a NEWB. I don't have a "rig" for mining, I don't game the market with several day trades. I don't have a HODL or SODL strategy.
I just take what I can get and work the angles to build a profit.
My first foray into cryptocurrency was through mining with spare computing power.
Let's qualify that ...
I don't have the most impressive computer on the market. My GPU is a low range AMD designed specifically for HP and my CPU (yes I mine with my CPU) is an intel Core i5. With these stats, there are almost no pools that you can successfully mine on. In my case, I mine Monero with BetterHash using my CPU power and Bitcoin (indirectly) with Nicehash. This gets me about 0.00004 BTC per day, not the most impressive haul ... but it's free money.
When I started out with Steemit I made a penny or two per post, all the time watching "influencers" make hundreds. At first I thought "Well this is shit...", but then I started reading about how they got there and changed my attitude to "I can do this!".
I started getting post rewards of around $10 for a little while and used some of this to up my Steem Power and some to put toward other investments...
Okay, let's get it out of the way ...
"Cloud Mining is a SCAM, you'll never make any money, blah, blah, blah"
Well I showed you... I bought some hashing power from HashFlare using BTC from Nicehash and some converted SBD when Bitcoin was trading at around $6000 US. I reinvest about half my earnings twice a week. Now that same BTC is worth over twice that and I have more of it than I invested. If I continue the pattern of reinvesting half of my earnings, I have a growing passive income.
Because ADA is a "Proof of Stake" mining algorithm, I decided $10 (again from money I earned doing Nothing) was a pretty good investment. My $10 is worth around $250 this morning and I haven't even started mining yet.
Everyone can be successful with a little work!
As always, I Steem for my kids ...
