Bitcoin mining: source of income during the pandemic

15. August 2020

The COVID-19 pandemic has been one of the most painful tragedies that humanity has suffered in decades. But not all doors are closed. With Bitcoin mining, a myriad of revenue opportunities have been created for entrepreneurs around the world.

Containment measures forced thousands of businesses to close their doors. The consequences of this have been felt. The unemployment rate has increased and bankruptcy has been the common denominator for businesses. On the other hand, government measures have not been entirely effective.

At this stage, Bitcoin’s mining has proved its worth. In times of crisis, crypto currency works as a lifeline to help alleviate the new reality of the pandemic.

A miraculous source of income found in Bitcoin mining

There are thousands of cases in which Bitcoin mining has become a source of hope and income. Such is the case of Carlos Pardo, who owns a coffee shop in Galicia.

For him, the pandemic meant the radical decline of his main source of income, his customers, who became confined. His personal case is particular, because he acted quickly and dared to invest in Bitcoin mining.

Now, from his mobile phone, he can check the status of his profits. It should be noted that his investment was with a company that offers cloud mining services due to the high electricity costs in his country. Thus, as the pandemic passes, Pardo is earning income with digital currencies, which allows him to subsist in the harsh conditions of crisis.

Like him, many people have come to the services with crypto coins. It is necessary to highlight the case of the distance work and whose income is in crypto-currency, they are helping important social sectors.

The Covid-19, has caused havoc in the economy. Therefore, thousands of people are turning to Bitcoin mining as a source of income.
Bitcoin mining is reporting significant profits for social sectors that have suffered the effects of the Coronavirus pandemic.

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Distance work paid in crypt coins
As is well known, telecommuting is now a major source of employment. Thousands of young people work for companies, many of them related to Bitcoin mining. From there, they receive the income necessary for subsistence.

In this case, both companies and workers benefit from the low transaction costs. It should be noted that banking services charge high transfer fees, which makes the crypto world a great advantage.

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Risks of these investments
Another point on which much attention should be paid is the risks of Bitcoin mining investments, especially if you want to access a remote source of income, such as cloud mining services.

In this case, there are hundreds of Bitcoin Circuit fraudulent entities engaged in scamming investors. The best recommendation is to be on the lookout and only use companies that are recognised and have all the necessary permits to operate. In addition, proposals received by people on social networks should be avoided at all costs.

In CriptoTendencia, we have already reported this kind of cases in which investors are involved by cunning scammers.