EOS is the ultimate competitor of Ethereum in terms of dApps. Both of them has a strong team and powerful blockchain technology. And they have the potential to change the world. Many people are interested in EOS Mining.
There are several methods to acquire EOS coins, how to mine EOS Coin will be the part of our discussion. So keep reading.
Who can mine EOS coins?
EOS is a smart contract enabled platform. This platform is intended for businesses. It facilitates new users to play in the EOS environment for free.
EOS coins are fixed in number and all 1 billion coins are released earlier. Although technology based on Ethereum Blockchain you can’t mine them directly. You can buy Ether and convert them to EOS using exchanges.
You can say there are some alternative ways to mine EOS.
How to mine EOS Cryptocurrency?
There are certain alternatives to mine EOS.
EOS uses the Ethereum blockchain. Mining Ehtererum is a great way to get into the cryptocurrency world. So one of the methods is to mine Ethereum and then buy EOS coin. What you need for this is simple. Join the Ethereum mining pool to ensure crypto mining profitability. At this point be aware of scams. The mining pools are mature enough to give you the profit of your investment. They combine the hash rate of all the miners to increase the chances to find a block. For an individual miner, it’s almost impossible to find a block. So, being the part of the mining pool, you will constantly get the payout and convert them to EOS.
Here are a few simple steps you need to follow:
- Find a trustworthy mining pool and set your miner to that pool.
- Gain some ETH.
- Convert them to EOS using any exchange (e.g. BINANCE).
- Hurry, you have your own EOS.
EOS Cloud Mining
If you are still hungry to mine EOS whatsoever you can opt for Cloud Mining. Cloud Mining is the best option available for those who have little or no information regarding cryptocurrency mining. There is mining risk involved in cloud mining and more importantly, you have to buy no hardware for this. Actually, the companies have set up the hardware all across the world and share mining powers with the users who pay for this. The more you pay the more mining power you will get. In return of this process, you will get little profit after some time.
EOS coin has the potential to become the top 5 cryptocurrencies in upcoming years. So, it’s a good move if you hold some EOS in your wallet.