How can you mine Bitcoins in 2018?
This is the one of the most sought after questions after the rise of Bitcoin prices in the last year. The answer is very simple, you will have to get the device which can perform calculations on sha256 algorithim on which the Bitcoin block chain is based.
You will then think of devices capable of doing such things. The only devices which can perform these tasks these days are the ASIC miners from big companies like BitMain and others.
So can you purchase them ?
Of course, you can purchase them very easily when they are available on the manufacturers website. The last time Antminer S9 was available on Bitmain’s website, it got sold out within 6 hours as soon as people got to know about it.
The Cost – In December 2017 , the price of Antminer S9 was $2725 and the upcoming batch is priced around $2300 because of drop of bitcoin prices.
Do they accept Credit Cards ?
No Bitmain does not accept Credit Cards , and they accept only Bitcoin Cash as the payment method for the past two rounds.
If you want to purchase a Antminer S9 in the up coming sale then you should be ready with BitCoin Cash in your wallet.
If you have Bitcoins , then you can sell them for BCH or Bitcoin Cash on any exchange.
What can you do with Antminer S9 ?
Since Antminer S9 is an ASIC miner, you will not be able to do anything with that except Mining Bitcoins or Bitcoin Cash or any Sha256 algorithm which comes out in future.
It will be absolutely worthless once the mining difficulty reaches a point where mining with Antminer S9 is not profitable.
Also Read : Should you buy bitcoin at $20,000
Is there any other method to mine Bitcoins ?
Bitcoin Mining needs specialized hardware but for other algorithms, you can mine with your Graphics Card. If you have a good Nvidia or Amd based Graphics card you can earn bitcoins by renting your hashing power.
The payments then can be used to change into Bitcoins.
You can use following
These services rent your hashing power and pay you accordingly and in case you have good amount of hashing power you can earn more per day from the same.
Minergate gives you payment in the currency you mine, while Nicehash gives you payment in Bitcoins currently while they plan on giving payments in Altcoins in the near future.
Winminer has multiple payment options including Wire Transfer , Paypal and alternate coins like Litecoin and Ethereum payment as well.
The payment rates of all of the three services vary and can be different on the same Graphics card.
Can you earn Money Really ?
Yes you can . Since last few years , there has been a standard of crypto currency for everyone which was bitcoin and every other currency is valued against it.
So basically by mining your desired currency and then exchanging it for Bitcoin will give you Bitcoins and you can sell bitcoins in your country if your local laws permit to any other person.
By selling Bitcoins you can earn money.
How cheap can you start Mining ?
This seems to be the number one question on everyone’s mind these days. How cheap can you start mining. We will be covering this in a new post very soon along with more details but in case you have a decent graphics card , you can always get money from mining.
Finally : Do you want to start mining and earn money, everyone does but you should start right away and not wait for a particular time to start.
If you do not have a graphics card, purchase one and start mining if you have cheap electricity or free electricity.