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Ian Parker
Member Since: 2/20/2014
  
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Ian Parker   My Press Releases

Mining for cryptocurrency.. how safe is it?

Published on 1/18/2018
For additional information  Click Here

One of the most frequent questions I am asked is how safe is it to mine for cryptocurrency... I have a very simple answer to that. Cryptocurrency mining is by far the safest way to collect your pot of crypto as the miner is not faced with the Wild West of trying to find out the best deal and from what source. I belong to a mining co-op meaning that we all join together for the greater good.

BeepX coin has the mining equipment based in the sunny climes of Cyprus, meaning that the power for running the highly effecient mines are solar powered, thus saving the c0-op a small fortune of electric.

The best part is simply to buy a mining package and then watch as the company simply goes about it’s business of mining cryptocurrency for me.. at present we are mining for Ethereum.

I write the article a day after one of the biggest collapses in crypto value, where Bitcoin for instance lost some 30% of it’s value in a single day... however this does not worry me, as I’m involved for the long term as as I mine, it’s all profit in effect.

 

The safe way is always to be in control of what you are doing and as such mining with other people in a consortium means that we are all sharing the risks and the rewards. Most importantly we are working with an organisation that provides some of the best mining equipment in the world and having the mining equipment solar powered really is proving to be a win win situation.

 

 

 

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