Rodick Mick covers three ways to get crypto: mining (now costs $2,000+ in hardware and electricity for $0.50–$5/day), buying through exchanges or telegram bots, and airdrops like the Blockchain Education Network's $5,000 bitcoin giveaway. He warns most cloud-mining platforms are scams.
What's going on? Cointelegraph crew, this is Rodick Mick here with today's Crypto 101. So far we've learned about different types of cryptocurrencies. Now let's find out where we can get them or where we can mine them. Mining cryptocurrency was popular a few years back before it turned mainstream and got super expensive. Do you remember Super Mario Brothers or Sonic? They were mining coins. Today all these games have turned into reality, but the rules of the game have changed. Let's see how they work. At the beginning mining was easier because of the simplicity. A few years ago it was really popular. Today you need lots of computers which have to have super processors. They cost thousands of dollars and you will not earn as much money as you think you will. In a perfect world, you'll earn anywhere between $0.50 to $5 per day mining and that's with a minimum of a 2000 DOL investment up front. Hey, and don't forget about the cost of electricity. There's also many platforms online available for crowd mining. This is where many people invest and share the mining risks and rewards. The only problem with these is that majority of them are scams. There are other ways to obtain coins. The quickest and easiest one is to purchase them. The telegram bot link down below is the safest way as it is built on the blockchain and smart contracts. You can also get coins through exchanges, but most of the time this requires ID verification for large amounts. Lilu, Dallas multipass and the entire trading process can be tricky for newbies. Finally, there is a third way of obtaining cryptocurrencies. Organizations can give away free cryptocurrencies. We call it airdrops. The Blockchain Education Network sponsors airdrops every year around many universities worldwide. I have the honor of being a part of this nonprofit organization and this year we gave away a total of $5,000 worth of bitcoins and 11 different cities. To keep learning more about the industry, make sure that you subscribe to the channel down below and to the person who posts the best comments. We will give you a small price. Post your comments.
