I've been skeptical about the long-term investment potential of Bitcoin for a few years. I recently decided to open an account on Coinbase. It took about 7 days for the funds to clear and appear in my virtual wallet. This was shortly after BTC hit an all-time high of $20,000.
I started looking for ways to bitcoin using using a dedicated EC2 instance on Amazon AWS and found this article on Medium.
However, after going through the long process of setting everything up, the conclusion was that it's not profitable. Hours of mining only yielded about .00000007 BTC. Not effective.
Then I discovered there are plenty of options to mine Bitcoin for free! You can upgrade to increase your earning rate per day.
Here's the top two results on Google:
This is an easy way to create residual income by utilizing the power of blockchain technology. You can mine bitcoin for free using different online platforms to increase your earning potential. The free plan offers up to .0006 BTC per day, which at the time of writing this post is about $9. Not too shabby for essentially doing nothing.
It's also possible to mine for bitcoin in parallel using multiple wallets. You can then easily transfer a minimum of .002 BTC to your separate wallets. Get creative and have fun!
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