Participating in Bitcoin mining is generally divided into two situations:
1. Personal mining: After purchasing the mining machine, find a suitable site, install and debug when the power supply and network are stable, access the wallet address and mining pool, and then start mining (with certain installation skills or teaching videos)
2. Concentrated mining in mines: This is the current trend of mining. Find a safe and stable mining farm, purchase a mining machine and host it. Mines are generally managed by professional maintenance personnel who are responsible for all after-sales work. This is easy for beginners with no mining experience.
The following is a brief introduction to the entire process of becoming a mine owner.
The first step is to transfer funds to the designated account based on the quantity you purchased and the current price. This step is very simple. This is a general bank transfer and can be done via mobile banking or over the counter at a bank.
The second step is to sign the contract. If it is local, I can take you to the company to sign the contract, or I can help you sign the contract and send it to the company. If it is an out-of-town customer, the contract can be delivered by express delivery and will arrive the next day. SF Express is very convenient now. Customers as far away as Guizhou can receive the contract the next day.
The third step is to wait for online. Specifically, the company will logistics these mining machines from Shenzhen to Chengdu in the order of your payment, and then transport them from Chengdu to the mining site, then turn them on, connect to the Internet, start the mining program, and conduct testing. . At the same time, you need to tell the company's customer service your name, bank card number, and name of the bank where you open an account. This will make it easier for him to pay you later when he helps you sell coins.
The fourth step is to monitor the mining machine after it goes online. Mainly two things, 1. Monitor the running status. The company will send you the observer link. Just click this link to open your mobile browser and view the current running status of the mining machine. 2. Check how many Bitcoins the mining machine has currently mined.
If the working status of the mining machine is a relatively normal horizontal line with slight fluctuations, it means that the mining machine is working normally. If the line goes offline or offline, it means it may be offline, or the mining machine may be malfunctioning.
The mining machine mines a small amount of Bitcoin every day and automatically displays the cumulative number results from the start of mining to the current time. You can see at a glance how many Bitcoins were mined that day and you can see what the total production was.
For example, after twenty days of mining, you feel that you have accumulated a certain amount of Bitcoins, and you feel that the currency price at that time is good and you want to sell it, you can directly tell the company customer that you want to sell the coins - tell him on WeChat. He will help you sell your Bitcoins at the price of the day's trading market (10 a.m.), and will also give you bank transfer records and currency sales records. By 4pm that day, the money will be in your bank account.
It is easy to participate in mining, but choosing the right time to enter the market is also a problem. Many people have a misunderstanding, thinking that if the Bitcoin market is good, of course I can make money by mining. In fact, this is not the case. Entering the Bitcoin market when the market is good may not necessarily make you money. Instead, you should enter the market at a low price when the market is bad. When the currency price is at a low level, the price of the machine will also drop, thus directly reducing the mining cost price.
As we all know, the coins mined by mining are not the settlement income during mining, but need to find an ideal price to sell, so no matter when we mine, it cannot affect the mining income, so at this time, for us What is more important is to calculate the cost. If the cost is low, we will wait until the currency price rises before selling the currency. At this time, not only are profits high, but cost recovery is also fast. But if you enter the market at a high price, you may still make considerable profits, but once the currency price drops, your profits will also drop, and the investment payback period at this time will be much longer. Therefore, if you want to participate in mining, choosing when to enter is also a problem!
标签： #Mining #Bits #Entry #Accumulation
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