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The Most Affordable Way to Mine & Invest Cryptocurrency

Cryptocurrency is the financial future of the world and you need access quickly, safely and easily. Having cryptocurrency is not enough. Learn how to grow your investment and generate passive wealth. Most importantly, don't spend more than you want, make the affordable choice.

Mine Crypto >>>>>> Invest Crypto

Mining with a budget is possible! We make it easy for you to mine like a professional as a beginner, learn how

Be a part of the future of finance: Trade, Mine, Invest and Connect. With the tools here, we give anyone easy access to sophisticated mining practices affordably and quickly. Imagine earning meaningful passive income just by having a computer turned on, all while taking part in the future of finance. Secure your investment today.

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I wish I had known everything here when I first started:

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When I sought to start mining cryptocurrency, I asked myself two questions:

1) Can I do this affordably (under $1000)?
2) What can I do to get a quicker return on my mining?

So, I put together a class on what my journey to mining successfully was like. This course covers everything from safety in the digital space to how to build and connect your first mining rig. Best of all, I could afford to mine on a budget! Sound's interesting? Check out what I built below.

Youtube Channel
Beginners guide to mining cryptocurrency

Get the guide on the most affordable Mining rig you can build & build it! "C" is for coinbase (buy with Cryptocurrency!)

Refer a friend and get 50% off for both of you

I'm here to help folks learn, not be a salesman. Half off is $2.50. Why not skip the cost and start learning? Anyone can mine, and affordably.

A quick guide that distills the world of cryptocurrency and computers into a simple step-by-step with a finished product at the end. This is the book that will give you the technical knowledge to start mining cryptocurrency all at a beginner's level. No prior knowledge of computer construction ability and take you from beginner to pro in no time.

Make passive income today, don't wait.

I you've ever wanted to mine cryptocurrency or make passive income in the space of crypto, here is your chance. Everything you can do here for free in two weeks and the book can help! Learn and grow your investment.

About Byte Builder

Creator of Byte Builder Scott

I'm a surfer and cryptocurrency enthusiast. I started this journey as a novice and don't consider myself technical in the slightest. I created this content to showcase what I found so exciting in a world I once thought inaccessible. You can be part of a community that is self-governed and regulated with your own money. How amazing is that? Find me on the social media below and send me questions if you have them.

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Don't know where to start? Let me help with what I've learned and wish I knew when I started. You take it from there, mine as deep as you feel comfortable!

How Can Anyone Mine Cryptocurrency?

Are you missing out on how easy it is to make passive income by not mining cryptocurrency? What once was a technical pursuit has become the layman’s hobby. Cryptocurrency mining is a simple combination of hardware and stable internet. How is that possible?

There’s a lot of information out there on how to mine cryptocurrency, and to be honest, most of it is quality advice! Didn’t expect that to be the truth? Prepare to be continually surprised. It’s no secret that you and millions of others out there are interested in cryptocurrency. With all the hype around currencies of the future, there is much to gain when it comes to the interplay of the internet and finance. It’s no wonder there’s a robust community of support and seekers in equal proportion, everyone wants a slice of the latest-and-greatest pie. Digital finance, in the form of cryptocurrency, is that proverbial pastry. Even China has launched a digital currency, though that is a long way from the Bitcoin of today, you may understand the urgency that propels people to seek a deeper connection to cryptocurrency. Understandably you may wonder who is providing all the connections for folks to get involved? That’s where miners, investors, and application developers enter center stage. Supporters of the blockchain all have one thing in common no matter what the digital asset: Cryptocurrency relies on community. Therefore, everyone from the avid investor to the novice miner will find a highly reputable font of knowledge online in forums, articles, discord servers, social media outlets, and mining pools. The amount of support out there on the internet is one of the best parts of cryptocurrency. In fact, the social-power behind the crypto-sphere is what enables it. The decentralization of many exchanges, applications, and other blockchain-based derivatives forms a powerful amalgamation sustainable based on mutual trust. The latter is so true that you can even earn interest on collateral and loans simultaneously! That’s not a typical financial principle in traditional investing with fiat currency. Regardless of your aim when working with cryptocurrency, you can find all the tools you need to start investing, trading and mining cryptocurrency easily. From the recommended software to the most efficient hardware, a complete beginner would have no trouble wading through the search engine of their choice to find the exact mining set-up, or rig, that fits their needs and how to build it. More importantly, with digital shopping, your next mining rig can be constructed within a timeframe of two-day delivery!

So now, with a bit of research and an Amazon account, you too can be part of the blockchain revolution.
Anyone can mine cryptocurrency. It’s only a few clicks away.

Best Cryptocurrency Exchanges

Cryptocurrency Exchanges Reviewed

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.

We will be taking a look at some of the best cryptocurrency exchanges for the beginner user. This is not an exhaustive list, but a good starting place for a beginner to get a feel for what they can do with cryptocurrency and how easily that can be done. These exchanges allow everyone to earn on investment and are some of the more popular ones. In addition, these exchanges offer a good degree of security and are backed by companies with solid reputations. Your choice. One major factor to consider is the fees on transactions that these exchanges involve. This could make or break your exchange functionality depending on how active you decide to be in trading or holding your cryptocurrency in place. That said, every exchange has it's benefits and drawbacks, so let's dive in and explore!

Coinbase

Pros:

Good variety of coins

Easy to use, simple interface

Very secure, stable

Staking is simple and many altcoins to choose from

Cons:

High fees when selling or withdrawing

Wallet keys are controlled by coinbase

Strange wallet generation can confuse newer investors (where did my money go?)

Fewer altcoin trading options than some other exchanges

Fees: Between $0.99 and $2.99 depending on the dollar value of the purchase.

Coinbase is a stable giant among crypto-exchanges. Cryptocurrency has had a tumultuous beginning, and security is paramount in everyone's mind for good reason. Hacks have fairly evenly affected every major exchange, but Coinbase has largely avoided any controversy or breach. Coinbase offers an extremely beginner-friendly exchange, greatly lowering the barrier to entry for cryptocurrency investment, which can rightfully be very confusing for novice investors. It is easy to buy, sell and convert your cryptocurrency to others supported by the platform. It's also a great educational resource offering clear links to each cryptocurrency whitepaper and website as well as some incentivized learning videos where you can earn free cryptocurrency! This is a great way to explore for beginners while investing little to nothing just so you can get a feel for what you're dealing with.

Coinbase also offers insured custodial wallets for investors and traders to store their investments. This is the "where did my money go" wallet, which is created anew each time you send cryptocurrency. This is not a typical wallet though as Ia custodial accounts are very convenient for newer users just getting their feet wet, but the private keys to the coins within them are owned by Coinbase, and not the investor. Also, to answer the question of where, you just need to sort through each new custodial-wallet address coinbase creates automatically to find where your money was sent. The FAQs will help on this one if you ever forget.

Coinbase also offers a Coinbase Pro version which is free. This has more options in terms of charts and indicators and a lot lower fees. The difference besides the latter is that Coinbase Pro you are buying and selling with from and to other users respectively whereas the regular coinbase you are simply buying and selling from Coinbase. Coinbase Pro is a logical next step for when you become more advanced.

Overall, coinbase is easy to use and a great starting point for beginners on all accounts.

Pros:

Good variety of coins

Low fees

Ability to earn interest on multiple types of cryptocurrencies

Simple user interface on mobile and desktop versions

Insurance on software wallet through the app

Cons:

Less coin options than other exchanges

Commission and a convenience fee for users buying and selling through the desktop or mobile app

Fees: Between $0.99 to 1.49% depending on the dollar value of the purchase.

Gemini was started in 2014 and is based in New York, New York, which means it is one of a few cryptocurrency exchanges that is regulated in the U.S.

With an array of over 20 cryptocurrencies, including its own currency called Gemini dollars (GUSD), there are fewer coins to trade than some, but still a good amount for any beginner. Why does the amount of coins to trade matter? Often, in the US market, you are limited on certain kinds of coins like Privacy Enhanced coins, but generally a broader spread of currencies means that you can find value easier as the market fluctuates. Like Coinbase you can trade and store cryptocurrencies with Gemini.

You’ll have to fund your account from a bank account. It can’t be funded using a debit or credit card. The maximum daily funding limit is $500 USD and $15,000 USD monthly. The daily withdrawal limit is $100,000 USD.

Unfortunately, if you're not using the Gemini wallet and want to fund your Gemini account using crytpocurrency held in another wallet application, you still can, though you can only send BTC, ETH, BCH, LTC, or ZEC. This may come into play if you are mining currency especially and sending to another wallet application. This isn't too much of a problem since you can still go on the exchange and convert the coins once sent.

One major benefit to using Gemini is that they recently launched their Gemini Earn, which is the ability to earn interest on your crypto. Right now you can earn up to 7.4% on various tokens which is comprable to Blockfi or other exchanges allowing interest earnings on cryptocurrencies.

Pros:

Lower fees than other commonly used exchanges

Large variety of cryptocurrencies and trading pairs

More advanced charting

Cons:

Geared for more advanced users

Binance US options and interace support than internationally. If you're not US-based than this is a great option!

13 U.S. states, like New York, are not supported by Binance US

Fees: 0.1% for the taker side (buying/selling instantly) and 0.1% for the maker side (buy/sell under certain conditions. For the beginning user, this can be confusing and the US interface for the mobile and desktop app is even more so. However, we mention Binance here for one major reason. Fees are still the lowest in the exchange world. Not only that, but by using Binance’s native cryptocurrency, BNB, lowers fees by 25%.

Binance is one of the larger of the exchanges and has the lowest fees of all of them. The exchange does not currently allow for US dollar deposits but it does allow you to directly purchase a select number of cryptocurrencies with a credit or debit card. Another drawback is that the US support is not great, their US based Binance.us app is not rated all that high. If you have other types of currency like Euro you can directly deposit those, just not the dollar.

Binance is best suited to people who would like to trade or invest in lesser-known altcoins. For example, Coinbase only offers 22 different cryptocurrencies to trade while Binance has over 50. Binance is the ideal exchange for anyone who would like to trade altcoins and avoid the high fees associated with selling your cryptoassets.

Pros:

Great interest APYs

Excellent sign up bonuses

Less Fees than competitors

Cons:

Fewer coin options than most exchanges

Not as simple as competitors for the beginner user (like crypto.com!)

Fees: Between $0 and $30.00 depending on the dollar value of the purchase. Fees calculated in the value of various currency.

BlockFi is a cryptocurrency custodian that allows its customers to take out USD loans against their cryptocurrencies.

BlockFi allows you to earn interest on your cryptocurrency and take out loans against it as well if that's what interests you. You can also trade cryptocurrencies on BlockFi so we list it here as an exchange. They currently offer a limited number of cryptocurrencies for trading, which include BTC, ETH, LTC, USDC, and GUSD.

The interest-bearing account is called the BlockFi Interest Account or BIA. You can earn interest in BTC, ETH, LTC, USDC, GUSD, and PAX. A minimum balance is not required. Current interest rates are set by Blockfi depending on the market, but are fairly stable as below:

BTC Tier 1: 6.00% (for amounts of 0 to 2.5)
BTC Tier 2: 3.20% (for amounts over 2.5)
ETH: 4.50%
LTC: 5.00%
PAXG: 4.00%
USDT: 7.00%
USDC: 8.60%
GUSD: 8.60%
PAX: 8.60%

You can directly deposit USD into a Blockfi account from a bank, unlike some of the exchanges. Your money will then be converted to stablecoins (USDC, GUSD, or PAX) which you can exchange for others supported on the application. Interest in your account is paid out monthly in Bitcoin, Ether, Litecoin, USD Coin, or Gemini Dollar and you choose which kind! A great way to earn more cryptocurrency by simply having and holding some, talk about passive.

You get to choose which coin interest is paid in. This is exchange is a streamlined way to get involved in not only trading cryptocurrency, but investing as well. For a beginner user, something more akin to the traditional financial world definitely makes more sense.

Cryptocurrency Wallet Review: Best for Beginners

Cryptocurrency wallets reviewed

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.

A wallet is foundational to keeping your cryptocurrency secure in the digital space, so naturally we need to find some of the best to do just that. However, for beginners ease of use is nearly as important as security, so this list includes the best for non-technical folks to get started with. This is not an exhaustive list, but a good starting place for a beginner to get a feel for what you can expect from your hardware and software storage options and how easily that can be done. There are different types of wallets, and generally they can be categorized into three types: Hardware wallet, Software wallet and Paper wallet. The Paper wallet is likley the most technical so we won't give an option for that here. Hardware wallets, often called cold-storage or cold wallets are far and above the safest of the options, as they store your cryptocurrency private keys offline. Keep in mind, you are actually storing your cryptocurrency on the blockchain, but to access it you need the private-public key pairs that only you should know. Any wallet for cryptocurrency stores the private keys, not the currency itself.

So now you know how it works and what the most secure is, it's important to note that software wallets, referred to also as hot wallets, are a great option and often require less hassle to use and link to DeFi apps for investing, exchanges or otherwise. Additionally, they are not limited in the scope of cryptocurrency you can store on them except by the limitations placed on trade in your region. Sorry Americans, we get pretty limited options here stateside compared to the rest of the world. Read more about that at a later date!

Regardless of the any of the limitations mentioned, all the wallets listed allow everyone to earn on investment and are some of the more popular ones. In addition, these wallets offer a good degree of security and are backed by companies with good reputations as secure storage providers.

Ledger Nano X - The secure hardware wallet

Pros:

Ledger Live is a convenient user interface
Store up to 100 different currency apps simultaneously
Open-source
Bluetooth connectivity

Cons:

Can only store a few wallets simultaneously

More expensive than it's first generation counterpart the S

This is a second-generation wallet from Ledger hardware wallet which is from a French company that has years in the business of crypto. Their first product, the Ledger Nano S was one of the very first hardware wallets.

These wallets connect to your device via USB or Bluetooth so you won’t need a specific operating system and you can connect to your mobile device as well via Bluetooth.

The Ledger Nano X supports over 1,500 cryptocurrencies that continue to grow each year and users can suggest cryptocurrency supported applications to be added. Ledger Nano X is a hardware wallet but there is a companion Ledger Live software that includes a user interface that is pretty simple to use.

The user interface allows all the users to add new wallets for different cryptocurrencies and manage their portfolios from the software. This Ledger program includes a USB Type-C cable and is about the size of a USB drive.

The main drawback is that it is expensive relative to other options. You can, however, still connect this wallet to various applications in the DeFi space so it is a well-rounded wallet.

Coinbase Wallet

Pros:
Easy to use
Reliable security
Well-known and easy to link to other applications

Cons:

Small number of supported cryptocurrencies
A constant connection to the internet is maintained (more hackable if it ever was)
Fees the same as the coinbase exchange.

This app is only supported on a mobile device linked to the app store, so it can be tricky to find. If you google Coinbase, you will be taken to the exchange so make sure to include the "Wallet" in that search terminology. Otherwise, you can type into googleplay or the IOS store Coinbase and get both options.

As software wallets go, It is one of the most secure out there. It is often referenced as one of the safest software wallets in the current industry. Coinbase utilizes multiple different measures of security - two-factor authentication, multiple signatures, confirmation requests, and so on. Coinbase the company prides itself as never having been hacked in a volatile sector, and the wallet is no exception. It has never been hacked or otherwise breached in any way.

This wallet is easy to use for any user, but especially the beginner. The only tricky part is finding where to transfer funds from. For instance, how to transfer funds from the Coinbase exchange. To do that you need to go into the settings by finding the small gear-shaped icon and find the "wallet-link" section. After that it is pretty simple.

In the same way you can easily link the coinbase exchange, this wallet offers an easy interface to interact on the Ethereum blockchain and link to places like Yearn, Curve or Compound to invest your crypto.

Given it's security and usability, this is definitely a great wallet for beginners.

Exodus Wallet

Pros:
Wide range of cryptocurrencies, including Bitcoin Cash and Dash
Built-in exchange for easy trading
Excellent customer support

Cons:

Closed source software means security is not as transparent as open-source wallet infrastructure. Open-source is important to the crypto-world.

Exodus is a simple, easy to use a crypto wallet that works great for beginners. The user interface is extremely simple and the exchange is built-in so your trades and purchases happen with ease.

This is another software wallet and allows exchange and swap of over 100 cryptocurrencies.

This wallet is supported by mobile phones and as a desktop wallet.

The service itself, though closed source in terms of coding is defintely customer-oriented. That said, don't expect to get help from folks if you ever loose your private key. That's a big opps in the cryptocurrency world where not even the folks at Exodus can help you out.

There are options with the wallet to set custom fees to make sure that your transaction goes through quickly. All in all, this is a great place to start if you’re a beginner and need a little extra help learning the market.

Trezor

Pros:

Open-source
Touch screen
Supports the most amount of cryptocurrency out of all options
Widely regarded as one of the best wallets and used widely

Cons:

More expensive than all other options mentioned.

Trezor

Trezor hardware wallets offer the most safety the crypto world can offer - regardless of whether you use a Trezor One or a Trezor Model T. This remains true if you connect them to your supersecure personal laptop or a shared computer in a public library.

The original model was created as a single-purpose device and is now firmly established as the golden standard of hardware wallets. Model T is meant to be a platform with broader future use cases and possibilities.

If your only aim is to keep your private keys safe and you do not expect the device to do anything else, we recommend the simpler and cheaper model - Trezor One. Its price has recently gone down by almost a quarter, allowing you to get a top-quality hardware device for a reasonable and affordable price.
According to the official documentation, the main difference between the two models is the touch screen, SD slot and more supported coins in Trezor Model T. If you think about it, it is rather convenient to have local storage for you encrypted passwords (instead of storing them in the cloud). Not to mention the additional security of the touch screen that enables you to enter both PIN and passphrase on the device itself, without revealing it to the computer you are connected to.
Both models offer Trezor Password Manager. Although extremely safe and easy-to-use, some might prefer less secure, but more practical, online password managers - carrying your Trezor device every time you want to log in somewhere is just a bit too much sometimes.

Both models support more than 700 coins and tokens. Although the list of coins is very similar for both models, Monero support in Trezor Model T is a huge pro.

Ledger Nano s

Pros:

Ledger Live is an easy user interface
Secure storage at an affordable price
Open-source for great customer and community support
Cheapest option for a hard wallet that is the most secure

Cons:

Only able to store 18 wallets simultaneously
No wireless Bluetooth feature

This is the original hardware wallet and is the first generation wallet delivered by Ledger. Unlike later iterations of the Ledger wallet, this one does not include the USB Type-C cable so it may be difficult to connect it to newer age Android or iOS smartphones or tablets.

Much like the second generation Ledger Nano X, the Nano S supports the same list of cryptos and gives users access to the Ledger Live software. It doesn’t use Bluetooth and limits the number of wallets you can have simultaneously active on your overall device. The Nano S only supports 18 simultaneous wallets while the second generation stores up to 100.

If you need to make room to add another wallet with the Nano S, you can delete it off your hardware wallet and the information and Bitcoin will still be stored on the blockchain. To store your cryptocurrency safely at a very fair price, Nano S is a great place to get started. It’s simple to the user with the Ledger Live and as a beginner, the interface is easy to use and keep track of all of your wallets.

Ledger Nano X - The secure hardware wallet

Getting Started Investing Cryptocurrency

Investment strategy for cryptocurrency

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.

How far will your cryptocurrency convert? A good investment strategy is to make a trade based on how well your fiat currency converts to crypto. Buy when your dollar can go the furthest. Fiat currency is based on a national currency, like the dollar or the Yen.

Investing in cryptocurrency is not without it's risks. You should first understand how the system of investment works, so I recommend you take a look at our youtube channel and learn the basics of:

1) Staking

&

2) DeFi.

If you are ready to get started, you may understand at this point that you can invest in a number of ways. A more famous of the strategies (or infamous) is "Hodl-ing" from the acronym HODL (Hold On for Dear Life). This is commonly used in the crypto-community in reference to the general upward trend of cryptocurrency value despite a volatile market that fluctuates wildly on an hourly basis (reference the Ethereum price tracker above). This is likely second to the lowest-impact investing strategy for your money as it involves nothing but purchasing and eventually selling.

Another way to invest, is more of a crossover between Mining and the HODL strategy: Staking. If you haven't taken a look above, Staking is where you put your money on a Proof of Work blockchain to secure the blockchain and thereby earn continually accruing parts of coins from that chain. For instance, you buy and hold Algorand and receive what is essentially interest. However, instead of strictly growing your dollar amount invested, which fluctuates with the market, you are growing the amount of cryptocurrency in that particular coin you hold. So, in our example, you are earning more Algorand steadily. This is often superior to just HODLing as you are also generating new coins for yourself which is like compounding your dollar gains.

Depending on the exchange or wallet application you use, you can stake different coins. On Coinbase exchange, for instance, you can stake Algorand, Tezos, Dai and Cosmos as well as USD Coin. You can't stake from the Coinbase wallet, but you can from the Binance Wallet. There are a lot of options out there so dig around. Check out this list of some of the best:

Cryptocurrency Wallet List for 2021

A last strategy that we can discuss for beginners is utilizing Decentralized Finance (DeFi) applications. This may be slightly more advanced than the first two, but you can still totally do it. This strategy involves linking a wallet of any kind to an application and sending your money to that application to lend out for you so you can earn interest. Most DeFi applications are built on Ethereum, so you will need to have a store of that to send your money to the DeFi apps. Once you send you loan your money on those applications, via smart contracts, you get Tokens in exchange that can then be redeemed at any time for their value and interest earned in the like currency. For instance, you use visit Compound.Finance and link your Coinbase wallet with the application. Then you lend out a cryptocurrency of your choosing as supported by Compound and start earning Interest. Pretty simple. One thing to keep in mind is that you are spending Ethereum Gas fees to move your money around the blockchain at each step: Linking the wallet to lending to enabling earnings. That's three different gas fees. Don't know what the price of gas is on a particular day? Check out the Ethereum Block Explorer. Gas is essentially the fee that supports mining, and how miners get paid. Gas refers to the fee required to successfully conduct a transaction on Ethereum. In essence, gas fees are paid in Ethereum's native currency, ether (ETH). Gas prices are denoted in Gwei, which itself is a denomination of ETH - each Gwei is equal to 0.000000001 ETH (10-9 ETH).You can take it a step further and Yield farm, but that has some significant risks. Yield farming is taking the tokens you receive from the DeFi apps you originally invested in and re-supplying them to another liquidity pool on places like Yearn or Curve. It works on the same principal, and because of the way the Ethereum blockchain is structured you earn the same ways but often at higher rates.

Find out more and get a visual of how Yield Farming Looks on our Youtube Channel.

Nothing within this site constitutes (or should be construed as being) investment, legal, tax or other advice.The information in this site is not a personal recommendation and does not consider the investment objectives, financial situation or other needs of any specific viewer. This is solely for informational purposes and is not an offer to sell or a solicitation to buy any securities or digital assets.

Ledger Nano X - The secure hardware wallet

Getting Started Mining Cryptocurrency

Graphical Processing Unit

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.

There are a couple of ways to mine cryptocurrency that can match the level of involvement you'd like to have. We will explore some of those here generally to help you get started, but be sure to check out the Class on how to get started with everything you need to know as a beginner in the field.

Mining and investing with cryptocurrency is a key to the bank vault. You are working on blockchain technology to mint cryptocurrency coins out of thin air! Actually, it's a bit more logical than that, but you can learn about blockchain technology here if you'd like to know more about how it relates to mining cryptocurrency. On a fundamental level, we are talking about mining cryptocurrency on a Proof of Work (PoW) blockchain or staking cryptocurrency on a Proof of Stake (PoS) blockchain. On these, you are validating transactions between users by dedicating your computer's hashing power on PoW or currency on PoS blockchains respectively. You dedicate, on a sliding scale dependent on several factors, how intensive your resource devotion will be as you mine. However, miners are people who spend time, money and computational resources to drive the cryptocurrency networks for certain coins. The more resources you dedicate, as long as you are making smart choices we will discuss here, generally you will get a higher return. That return is derived from balancing electricity costs, one-time hardware costs and profits from mining as determined by the hashrate of your equipment. For instance, you can mine on a laptop passively, with a low hash-rate and spend very little time and money to get very small mining returns by cloud mining. Conversely, you could balance equipment costs, energy prices and market pricing to build a custom mining rig and get significantly higher rewards. Follow the link here to learn more about building the most energy-efficient and cost-efficient miner out there with a pictorial guide.

Generally, there are several ways to mine as we've mentioned and here are a few in order of what is arguably the least to greatest impact overall. This was rated in terms of cost, hardware, software and time involved to mine.

1) Staking

2) Cloud Mining

3) Build a Custom Mining Rig

You can determine for yourself how much you want to invest up front and how much time you'd like to dedicate to help you decide between the three different ways we discussed.

With either of these options, they really depend on the type of initial investment you'd like to make.

With Staking, as mentioned, you are simply buying and holding currency to mine it. That is applicable to a number of currencies including Algorand, Tezos, Cosmos Atom and a few others. You wil need a wallet to do so, a few options of which, are listed in the article to the left. Some of the easier wallets to use you can see find our review here.