Making Money – More Literally Than Not, Part 3

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I wanted add some clarification on some things I mentioned in the last couple posts (parts 1 and 2 of this series).

First of all, 240V is more efficient than 120V power, as I had always heard & figured. I was looking for hard data on this, and found this in a APC datasheet today:

Second, I wanted to explain a little more about how the CryptoCurrency markets work. They are very similar to stock markets, where you can buy and sell currency in real time.

You can watch the trends, much like you would a stock, to make your decision whether to buy, hold, or sell. As you can see, the markets for ETH and ZEC rise and fall, but overall, are very positive. You can place buy and sell orders exactly as you would with stock.

Third, when you mine, you are populating a virtual wallet with the currency you are mining. If you have a rig mining ZEC, the ZEC you gain will be added to your ZEC wallet. You then can go to the market (depicted above) and choose whether to trade the ZEC for another currency (BTC, ETH, USD, etc) or keep it.

 

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