Crypto Mining 101 – How Does It Work?

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Welcome to Easy Crypto Hunter, we're the
UK's number one premier cryptocurrency mining hardware provider and simply what
we do in a nutshell is get business owners an amazing passive return through
cryptocurrency mining. Now you might have heard and you may have come across
Bitcoin you might have loosely heard of blockchain you probably don't have too
much of a clue much more than that but do not fear, we're the UK's largest
organisation and I've called the business Easy Crypto for a reason if
you're looking to form some really healthy passive income just by watching
this video this is exactly where you need to be right now we offer a solution
where you can buy some equipment a posh computer plug it in turn it on and it
pays you every day. So if you want to find out how our machines earnt over
7,000 pounds in revenue with last year's return standing at 72% ROI with our full
tech support advising you every step of the way, it couldn't be any easier to get started Watch to find out a little bit
more you might have heard of Blockchain, possibly bitcoin it's something that a lot
of us have heard buzzing around but what does it really? Can I make any money
from? In in the middle of 2020 is it something your business can benefit
from? And the simple answer is absolutely yes As business owners we know that one
of the dreams that we all kind of have is to be able to make money while we
sleep or this true passive income and a lot of us might benefit from that from
maybe stocks and shares, investments maybe property investments, maybe you have some type of renewable energy that produces and you're able to get paid for
generating that.

There's many different ways of classic passive investments and I'm here to tell you around another which is even more profitable even
easier and you need virtually no tech knowledge to be able to do it Cryptocurrency has now been around over
10 years it was formulated and kind of conceived in 2009 after the financial
crisis where people wanted a new solution that avoided the banks in forms
of payment you know why do I need to go through a bank in order to pay you why
can't I just pay you myself? The only way that could exist previously
was if we stood next to each other and gave each other cash, and effectively
Bitcoin became an online digital cash that could be used all over the world
and from that conception it's now grown and grown and grown into a multi-billion
dollar sector and at the time of filming this the current market is somewhere around the 200 billion dollar mark with about thirty to forty billion dollars of
Bitcoin being bought and sold every single day So you might be wondering
what the heck is Blockchain and why am I making such a big song and dance about
it and why does your business need it? And how can you make money from it? Well in a nutshell in its simplest form Blockchain is a new way a new technology of moving types of data which removes the need for third parties and removes the
need for external trust and what that effectively gives us is a digital trust
on the blockchain which means nothing can ever be mistaken, nothing can ever be
lied about and nothing can ever be taken advantage of So in this little visual diagram that
you can see before you is a really nice way to kind of visualise this so
ultimately what we have here is an underlying technology and we'll call
that the Internet because everyone watching this is pretty familiar with
what the Internet is so the Internet is a really cool base technology and on
top of the Internet sits lots of different companies with lots of
different business services so we've got Facebook, Amazon, eBay, Microsoft, they're
all totally different businesses performing lots of different activities
However they all use the base technology of the Internet to operate That is exactly the best way to think about Blockchain technology you've heard
about it in terms of Bitcoin but you need to be able to separate those two
things because it's fundamentally the underlying technology – The Blockchain –
which is the really exciting secret sauce here As you can see in this
example the Blockchain is the cool underlying technology and on top of the
blockchain again like in the normal internet world sit loads of different
companies performing loads of different businesses and all of them yes have
their own tokens but they're all performing totally different things,
again they are not all directly competing to be a form of payment in a
specific type of currency Even governments around the world are
starting to take this very very seriously, not only myself as I've been
advising the EU recently about exactly these things to make policy to kind of
affect businesses and regulations all around the EU.

Even Sweden itself has now
created the first 'E' coin, which is effectively a digital krona so that's a
new technology which is just come on board in the last few months as I film
this video. Only a few days ago the American government has announced
looking at a digital dollar to be able to put some type of currency on the
Blockchain as well so we're at the forefront of a new kind of technological
financial revolution and it's not just individual companies that are getting
involved everyone from the banks and the governments and private entities are now
starting to use this technology and that's fundamentally why there's such an opportunity
here before us as we speak In order for two coins to move around on
a network they need computer power to move them from place a to b and that's
the service that the machines are providing. You might think the concept
of just turning on a computer and getting paid every single day is one
that is just simply too good to be true it's magic dust and pixie beans how can
that be? Well many of you watching this will be business owners, many of you
watching this will have your own respective websites and I'm sure that
paying a monthly web hosting fee for your website to remain online is
something that you're very familiar with doing and if you just stop and think for
a second why on earth do you pay a monthly web
hosting fee to keep your website online? What are you really paying for? The
reality of it is is that you're renting posh computer power in a big web server
somewhere that helps keep the website spinning so whoever owns that physical
computer server will be earning money off you every single month as you pay
them for your web hosting, so whoever owns that computer is quite frankly
getting paid just for leaving it running every single day In 2020 and beyond as
technology moves forward Digital computer computational power, computer
processing power, is a resource the same as space or land or electric or any of
these other things we're familiar with in the more commercial traditional world And what I'm here to tell you is Is as this Blockchain technology continues to move
forward, with things like Bitcoin Ethereum and the now hundreds of
other coins that are out there you're able to earn a very healthy income from
helping power this new sector simply by leaving computers running that process
all of those transactions There are many misconceptions about this
sector that stem from chasing Bitcoin directly and as much as we love Bitcoin
there are much better ways to earn larger amounts of money in the
cryptocurrency sector.

Ultimately we want our clients to get the best returns
possible which is why we have this ROI focused approach, which is simply to
focus on earning more pounds and pence rather than having a specific focus on
the acquisition of one particular coin This brings us onto ASIC vs GPU.
The two main types of physical equipment that are used in the cryptocurrency
sector. An ASIC machine an application-specific integrated circuit
is a machine from which the ground up is built and designed specifically to mine
for one coin a one coin only such as Bitcoin, the problem with mining for
Bitcoin is that it continuously gets harder and harder to mine due to its
ever increasing mathematical difficulty As more and more people jump on to mine
it the coins are thus split across more and more individuals, as well as this the
chips inside these ASIC machines rapidly increase in performance simply to try
and keep up with this difficulty level Meaning that a machine that you buy now
in just a few short months is dramatically less effective and it's
simply just a consistent game of cat and mouse Due to a combination of these two
factors this leaves you in a situation where very quickly your electricity bill
can and often will be more than the coins than you're earning hence this
being a common misconception that has tarnished the whole wider
mining sector As you can see an ASIC miner has a huge energy consumption Nearly 2000 watts And with a huge amount of energy consumption also comes a huge amount of noise, here is an example of the noise an ASIC miner
makes whilst in operation, please make sure you turn down your volume as this
is really quite incredibly loud However, on the other side of the fence which is
where we focus our efforts is the GPU machines the graphics card processing
units since the GPUs are built from the ground up to be very flexible this
enables them to focus more on the wider Blockchain itself rather than
specifically mining for one coin Our machines can currently mine over 800
different coins with new coins coming out every single week as the ecosystem
continues to grow, it's fundamentally a machine that can do anything within the
ecosystem and support any network Because of this you're often able to
mine a much wider spread of coins offering immediate opportunity to swap to
mine more profitable coins as the market dictates.

So why bother mining $2 a day
of Bitcoin when you can mine $10 a day of another coin and all these crypto coins
interchangeable. On top of all this our machines are much quieter than the ASIC
machines here's an example that you won't have to lower your volume for. and because the performance levels of the graphics cards increase only slightly
with each new card generation it means that your machine will have a much
longer usable life cycle notwithstanding the fact that new graphics cards are
released much slower than the release of new ASIC devices again ensuring better
longevity of equipment.

Graphics cards main
manufactured purpose unlike the ASIC machines is not to specifically mine
coins, they're obviously more commonly used to render computer graphics, other
types of large-scale data crunching applications, way outside the typical
cryptocurrency market, this ensures that the cards themselves,
irrespective of the crypto and blockchain world retain a very high value as they're
highly desired computer components in their own right.

As you can see graphics
cards that are now three years old are still being bought and sold for a huge
amount of money these cards were 699 pounds at launch and are still selling
for 500 pounds second hand. This is of course why we do what we do giving us
flexibility to mine new coins, mine more profitable coins change between this
coin and that coin and also have various different strategies, with equipment that
has a much longer technical life-cycle and also many more tax advantages as a
hardware purchase. All whilst having a much lower financial exposure since the
value of the cards themselves retains a large percent of its value over time
massively reducing overall risk of investment So what you're really interested in is
how much money can a device like this make? Last year one of our single units
just a single one of the ones you can see behind me made over 7,000 pounds in
revenue here in the UK and that's even in the bear market of 2018 when the
cryptocurrency market dropped significantly from the all-time high of
2017, if you look at the market over the years you can see that we have this huge
surge in the all-time highs of the bull market in 2017 but of course it'll be
disingenuous for us to use those figures so as you can see we're specifically
only using the figures from 2018 to 2019 April to April because that market year
the whole market sector continued to fall in value So it's a much more realistic indication of the figures Even still as you can see that's still a five thousand nine hundred pound net profit.
So from one single six card unit it generated seven thousand one hundred
pounds this was including the average running costs of twelve hundred pounds
per unit roughly around a hundred pounds a month in electric so that gives you a
12-month return of 49 percent for an average individual and up to a seventy
two percent for those business customers who are able to offset the various tax
purchases advantages of buying through a business.

These figures are based on
results from one rig, but as you can see here your returns can increase as you
scale your investment level At investment level two (only five rigs) the
results from the bear market of 2018 show a commercial return of over seventy
four percent and when you get to investment level four you were able to
scale those returns to over eighty percent in addition to these amazing
returns your investment in our machines become less per rig as you scale up so
as you can see in our example one rig would be an investment of 10,000 plus
VAT and as you scale up investment to level four which would be twenty rigs or
more your investment decreases to 9,000 plus VAT per unit.

pexels photo 8358147

It's important to tell
you that your monetary earnings completely depend on when you sell the
coins and their current market price at the time. Historically, selling
accumulated coins over longer periods of time has always generated higher returns.
As you can see the price of Ravencoin fluctuated and therefore so did the
daily earnings of the machines so from July to August a machine generated
roughly 550 Ravencoins a day, if those coins were
sold at the end of the month one unit would have generated approximately $11
per day however if those coins were kept and sold at the end of the year (that's the
red highlighted section) then retrospective earnings would have been
over $40 per day so as you can see from the graphs in front of us we always
suggest longer-term plays when it comes to the cryptocurrency sector
historically speaking with a continuous growing market prices of the coins when
you exit seem to be much higher down the road and ultimately we want the largest
earning of your coins possible so selling at a later date is always generally the best
way forward.

People think that cryptocurrency isn't real money well, it categorically is. All these companies you see on screen you can pay directly in
crypto so you can buy your favorite bath bombs, a game console or even a coffee
directly with cryptocurrency. You can also sell your coins into cash in an
online exchange like Binance. You can withdraw your cryptocurrency directly
straight to your bank account.

And on top of that there's now even cryptocurrency
debit cards which you can use anywhere they accept Visa card payments. Here's
one of our team Alex buying a coffee with his Wirex debit card not in a
specialist cryptocurrency store but in our office cafe! And as cryptocurrency
grows more companies continue to adopt this payment method and this is one of
the reasons why the sector is just such an exciting place to be People have a lot of concerns if
bitcoins going up in value or down in value can I really make money now have I
not missed the boat from a few years ago? And a lot of people simply don't realise
that as well as Bitcoin there are hundreds of other coins out there that
you can mine Many of them are vastly more profitable
to earn than Bitcoin and as much as I love Bitcoin as a project and something
that I'm keen to have as much of, one of the best ways to get it is by mining the
smaller coins and trading into Bitcoin or using that revenue in order to get
the Bitcoin itself Fundamentally it all comes down to
maximizing ROI and that's what we do here at Easy Crypto Hunter – we simply provide
the best equipment, the best education and the best customer service to make
sure that you're never left out in the cold and you're able to get a piece of
equipment with ongoing advice to ensure that you know exactly how to use it in
the best possible way So up to now we've kind of taken you
through where blockchain came from what the need for it is in the business
community what the machines are doing the different types of machines and also
the different ways in which you're able to mine some coins is probably your next
question and that's really where we find ourselves now.

So ultimately on the GPU
side of things because you have all this flexibility of which coins to mine
people are often concerned about which coin do I mine I don't have a clue I'm just
an idiot I'm just new to this space how do I know what to do?
Well don't worry that's exactly where Easy Crypto Hunter come in, we provide
that advice to all of our clients and help navigate you through which coin to
mine, what's best to do and which approach to take and now we're going to
overlay kind of some information that will show you exactly the way in which
we do that, we call that the 'four ways to mine', as there's mainly four different
types of strategies that we can employ with people moving forward to get the
maximum returns from their investments in these products. These four strategies
are simply number one mine today's most profitable coin, number two mine a
brand new coin that's just come out, number three you can change which pool you're
mining and the way in which you mine in that pool and number four is to use the
device for a different thing entirely which is artificial intelligence and
deep learning computations and get paid for that too, It's important to note that
we don't change coins and strategies every day last year for example we only
advised our clients to mine three different coins even though the market
consistently moves there are often individual coins which outperform others
for a much longer period of time than people realize it's something you never
need to worry about it's incredibly simple the cryptocurrency market is our
expertise and our passion and we pride ourselves in knowing the best strategies
to take at the best times and as part of your service with us we'll advise you
all the way through your cryptocurrency mining journey.

So when it comes to
practical strategies with these obviously it really comes down to one,
how many machines you have, and two, your risk propensity so if you're wanting to
go hell for leather and go crazy you could have one machine mining the brand new
small coins and just hope you hit the jackpot now I certainly wouldn't
advise that, realistically with one machine you're probably gonna be
taking the first approach of 'Mining today's most profitable coin' and again
that would make things really straightforward and simple. But we
typically start to change the approach with maybe five machines where perhaps
you might have two machines mining in the most profitable coin, two machines mining
the second most profitable coin because sometimes they can flip and flop in the
market in prices and there may be one machine on a slightly higher risk coin
or if the market dictates that one coin is vastly better than all the rest we
can throw all our power on there for a shorter period of time and
ultimately capitalise in that manner to, so the beauty of this is that we deal
with every client individually we're able to customise those strategies and
approaches, educate you as to how all this works and from one online dashboard
which we'll again give you access to you're able to control all these rigs
from anywhere in the world from any internet connected device, so it's really
very simple in order to operate this stuff and with our advice and our
assistance you're able to maximise this in a much more intelligent way then
just crossing your fingers and mining Bitcoin and hoping for the best You don't need to worry here about the
technical expertise on your side we have many many clients who are much older
completely not computer literate as many people would think, the reality is it's
very simple very straightforward everything gets about technically
complicated as copying and pasting so if you're happy with copying and pasting
you're gonna be just fine using this equipment everything is done remotely
and this is why we use this special software that we're talking about
because it gives us as a tech team access to log on to your equipment to be
able to help remotely with any troubleshooting stuff so if you ever do
get stuck or if you have a question you can simply give us a call some of my
team have routine maintenance where they'll go through and check all our
clients accounts to make sure everything's working the way it should
so we just want to be able to give the best service we can so technical issues
are not something to be concerned about Just to be explicitly clear the software
in which we use to control your machine to assist in which coin it's mining which
of course we train you on how to use and you have full access to never stores any
of your coins your coins are stored in a separate coin wallet which we as a
business never have access to, so there is no issue in security your coins are
entirely safe and what you choose to do with them is up to you as an individual So a concern some people have is about
the physicality of the rigs as you can see they're not very large
they don't give off that much heat you can see some pictures here of the
typical places people have stored them On average for the majority of people if
you have a couple of units or even a good handful it's often cheaper faster
and easier for you just to plug these in at home, in a warehouse, in a shed, in a
garage, in your spare room, office or wherever it may be and look after the
equipment yourself.

However for larger clients who are looking at purchasing
quite a vast amount of stuff who perhaps don't have facilities to house many many
units we also have hosting facilities where we have partnerships with one of
our clients who owns a 100% renewable energy infrastructure location where we
can put your equipment, run it on renewable energy, store it nice and
safely, look after all the electric, insurance and maintenance and for a
one-off monthly fee everything is included that you might need which may
in total make everything a little bit cheaper for you if you're running a
large amount of equipment. When it comes to warranties of course that's something
we're more than happy to partake in Simply, everything is covered for the
first 12 months, parts, labour, warranty, service, absolutely everything is
included if anything happens in the first 12 months after that period of
time we default back to the manufacturers warranties so typically
that depends on each component but that can often be two to three years
sometimes above five years in certain cases so in regards to your
equipment being you know if anything does happen for extended periods of time
you should be pretty well covered and again we assist in all of that process
as part of our value to you There can also be some exceptional tax
advantages for this type of thing because at the end of the day you're
buying a posh computer, you might be able to get VAT back, you might be able to put
it through as a capital asset investment You might be able to put it through as a
R&D tax credit dependent upon what you're using that product for if you're
using this directly in the business for new types of research and development
purposes There's loads of really exciting things
that different people have done for this and we have customers from the property
sector, to domestic investors, to multi-national
clients to renewable energy producers to farmers the list really just goes on.
There are many many reasons and many people that are interested in this
technology because who wouldn't want a machine that just pays a little bit of
passive income and lets you crack on with the day to day business every day So really what does all of this boil
down to in the end? What we have on offer here is you're able to come and work
with the UK's largest company that manufactures this type of equipment, you
get full tech support so whether or not copying and pasting is the maximum of
your ability you simply need no more.

We're able to advise you consistently
for lifetime on the best coins to mine to maximize your ROI from your product.
We're able to educate you as to what the heck this is we take people that have
heard of Bitcoin at an absolute loose minimum all the way to crypto experts
and we help take you through that path if you so wish on the journey. And
ultimately what you're left with is a machine that just needs normal internet
connection, a normal plug socket, turn it on, let it go and you're able to earn
passive income 24 hours a day The figures speak for themselves Our clients speak for themselves It's just a plug in and go really Being very nervous when
I first started, thinking 'oh well I can afford to lose a few thousand quid'.

Very
confident, and I'm very confident of the team and the way the market itself is
going and I'm very confident for the future as well Trust, great service, technically seem to be ahead of the
curve from the other providers that are out there, so all of those make me pretty
happy or 100% happy to work with Easy Crypto. So if you think any of this is going to be interesting for you have a click straight below
that's going to take you to our web page where you're able to make a purchase
directly or simply straight away book an appointment to come and see us where we
can extend this conversation in person and see how that might work for you and
your individual business. I've been Josh from Easy Crypto Hunter and I look
forward to seeing you soon.

As found on YouTube

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