|Road side maize seller in Nairobi|
If you are in Nairobi, chances are that you are looking for a profitable side hustle that is not too much involving. Not too much involving since you still need to keep your day job. You probably must have heard of Bitcoins and you are not sure if it is not another pyramid-like scheme that will collapse with your heard earned money. I am here to make things clear.
When it comes to making money with Bitcoins, two things are involved; trading Bitcoins and mining Bitcoins. Trading bitcoins is when you buy bitcoins with the hope of selling them later at a higher price. This is risky. Risky because just like stocks at NSE, we can’t be absolutely certain that the value of the Bitcoins will go up. Mining bitcoins on the other hand just requires you to have the right equipment and software. Only that. A super computer, the required software and bitcoin wallet. Set this up, then sit back and relax let the supercomputer get the coins for you. One thing to note is that the bitcoin mining machines consume significant electricity, and they have to be on all throughout.
Why is bitcoin mining a sure bet?
- The bitcoin miner has a critical role in the whole bitcoins transactions process. Simply put; the bitcoin miner validates transactions on the blockchain network. A transaction will not be complete without a miner. The bitcoin miner earns coins for validation of transactions.
- Since the acceptance of bitcoins as a currency is growing, there will be more and more transactions done in bitcoins and thus more and more miners needed.