Hello everyone.

Those of you who follow me on twitter know that I sometimes do giveaways and share many insightful lessons for free.

As it has been some time I shared something with you guys I want to re-direct attention to a recent twitter post I made.

The post can be found here.

I’ll quote it word for word here.
I HIGHLY advise to save it and look through thoroughly.
It is free information to earn/mine some Crypto on the side without having to invest tons of money (and take high risks).
The information contained is applicable everywhere.
Let’s start:

Alternatives? Indeed. There exist different mining algorithms and means apart from the very well-known CPU, GPU and ASIC mining in #Crypto . Some of them still rely on the processing power. Others are “different” and make part of the “staking”-family in mining.

The “classic” idea of mining whereby you need dedicated systems and rigs to start mining. More “advanced” #Crypto -enthusiasts will learn about “cloud-mining” (strategy whereby you buy hashpower from a mining company to earn your #cryptocurrency ). Yet, simpler methods exist.

A first I want to talk about is @bananocoin. The project is a fork of @nano and has a relative simple means to mine.
All you need is to download @foldingathome software and join the instructions on their page as found here:

INSTRUCTIONS FOR MINING BANANO

In a nutshell: For @bananocoin do you need to download the @foldingathome software. Download their Kalium wallet and input the receiving address on the quoted website. You’ll receive a team number and alias which needs to be input into the FoldingAtHome software and PRESTO! You are mining BANANO.

If you are a student (or do not have budget to mine #BTC , #Ethereum and other coins,…) I advise going this method. It enables you to amass a low-cap coin that can easily be traded for @nano which in turn enables you to exchange it for more valuable coins and tokens.

To get an idea of the returns… I’ve been doing this for several months and earned about 200 euro in profit by keeping it on idle on the background with a bit of a potato computer.

Returns:

Now what is important to notice is that current value for the entire market is on the lowish side. With good timing = higher profits. And by applying smart trading can you maximize profit. In short: I gave you the means to mine on the cheap and profit. To learn to trade (and time it right) I refer to my course “Crypto Bull” found here.

Another (slightly more expensive) alternative coin to mine is @ChiaCoin_. This one operates on “Proof-Of-Storage” / “Proof-of-SpaceTime”. Basically are you dedicating STORAGE power to the network. In return do you earn $CHIA.

@ChiaCoin_ is slightly more expensive as your system needs to be running 24/7 and have dedicated space available. More technical to set up than the aforementioned

BANANO but can yield higher returns IF a profitability calculation is done.

A run-down on how to mine @ChiaCoin_ on the cheap can be found following the link quoted. If you want to go more “advanced” and techy (while pushing down electricity costs), I suggest investing in a @Raspberry_Pi with external storage to farm it.

Read here on how to mine $CHIA

Why the @Raspberry_Pi ?
It is a small computer which won’t use as much energy as your home computer or laptop. It is programmable from ground-up. Doing this in combination with the aforementioned gives you a cheap option (minimal investment) to mine @ChiaCoin_

Now, if you have about 500 – 600 $USD or $EUR to spare there exists another coin with alternative mining means. I am talking about @helium .
This is a #cryptocurrency which makes use of “Proof-Of-Coverage”. The basic premise here is you’ll be setting up a network.

How so? You need to do a 1-time investment in a “miner” with extremely low energy demand (about 6 W/hour… for comparison: a regular lightbulb uses 60W/hour). All you need to do is connect it with your internet router and place it at a decent height for maximum coverage.

An entire run-down can be found on the official @helium website: https://helium.com/mine

To get an idea of returns: I’ve been mining @helium with a @RakHotspot miner for about 2 weeks and earned at about 1,35 $HNT at average. (which is more or less 36 $USD in profit).

And for those who want to amass some #Crypto on the cheap… @nano still has a few active faucets. The following links are the active ones (just copy paste your receiving address for nano on the site):
– https://nano-faucet.org
– https://freenanofaucet.com
– https://nanodrop.io