( 04th October 2019 )
There are options that allow you to select buying your own hardware (very costly to buy and run) or you can Cloud Mine through a 3rd Party vendor of Mining Services and you are able to do so with little or no cost and can simply re-invest the value fo the coins mined to improve the Hash Rate so you make more per week, month. There are no strategies for Mining bitcoin, but u need a million dollars to earn bitcoin, a nd there is no guarantee you will be fail successfully, this is the entire senario of bitcoin Mining. Yes, there is option which I got in 2016 otctober, I started Cloud mining of bitcoin and getting 0.7 I did contract of 18 months with GB MINERS they are offering 10% Mining Output every month, GB MINERS are the most profitable and authentic miner in the world having good hashrate Distribution power. The best strategy is mining via cloud mining company like Hashflare.io This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner. There is no strategy in that. You get hardware for mining and put it to work. You find out what hardware is compatible with the desired cryptocurreny(ies) and you buy it, or you install the software if it is a general purpose computer (mining program).
In 2017 itself, Bitcoin has grown from 1000$ to 2000$, massive 2X growth in just 5 months. The market capital grew from 2 billion $ to 33 billion $. The whole crypto currency market is currently standing at 62 billion $. Bitcoin, Ripple, Ethereum all had 100 % growth this year, and still going strong.
A strategy if you are mining bitcoin is better to have a capital money for paying electricity cost and make sure that your place is less 10 cents for every kilowatts or much lesser in order to get roi. much better no cost for electricity like here in my country. if you can hold your mine bitcoin you can hold it for a long time which waiting for selling if you higher price. if you are just mining bitcoin and coinvert it into fiat easily you can get your roi fast. As Bitcoin mining is partially centralized by chinese mining pools, I will aim to create a mining pool of my own and try to gather as much hashrate as possible, to help decentralize Bitcoin mining even further. Even though I wouldn't make a considerable amount of profit, I will do it to help strengthen the Bitcoin network. I'll see if I can grab one of those S9 miners that will help me save even more in energy costs. Nevertheless, while Bitcoin mining is a little less accessible due to the fact that the competition is fierce on ASIC hardware, altcoins can be easily mined from within almost any GPU, maximizing your chances to profit even more from it. Just my opinion
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