How to Pay for Your New Crypto Mining Rig with a Credit Card (And Why It’s Awesome)

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You’ve found the perfect mining rig, you’ve picked out the best graphics card and you’re ready to get started – but how do you pay for it?

Since cryptocurrency is still a new technology, many of the online sellers don’t accept it as a payment method. Here are some ways to pay for your new rig with a credit card, and why it’s such an awesome way to invest in crypto mining.

How to Use a Credit Card

When you use a credit card, you get charged interest on the amount you spend. The interest rates vary depending on which bank or credit card company issued your card, but they generally range from 15% to 25%. This means that if you used $1000 on your credit card, after one year you would have paid back $1150-$1250 (with interest).

However, much of this can be offset by using cash-back cards. These cards give you anywhere from 1% to 5% back for every dollar that you spend using your card. This means that most of the time, not only are you not paying interest, but you’re actually getting money back when you use your credit card!

It does take some research and planning to find

If you’re interested in cryptocurrency investing and mining, you’ll need to build out a rig to sell your hash power. The most powerful miner on the market today is the Bitmain Antminer S9, which mines at 13.5TH/s. The problem is that those suckers cost $1,000 each, so if you want to get into crypto mining, it can be a very expensive proposition!

What if I told you there was a way to buy multiple new Bitmain Antminer S9s with a single credit card? And what if I told you there was a way to do it without paying any interest for six months? That’s what this post is about.

The bottom line: Yes, there are ways to use credit cards for investments in cryptocurrency mining rigs. In this post, I outline three strategies for buying an Antminer with your credit card and explain why it’s easier (and more fun!) than buying bitcoin.

Even though this article is about buying cryptocurrency mining rigs with a credit card, it’s good for anyone looking to buy anything with a credit card. In short, you make the purchase through a website called Plastiq, which allows you to pay bills and other expenses with your credit card. Plastiq then mails out a check to the vendor. The vendor gets paid, you get points/cash back on your credit card, and Plastiq charges a 2.5% convenience fee.

There are two interesting aspects of this article:

1) Using credit cards for crypto investments:

It’s risky using credit cards for crypto investments because the value of cryptocurrencies fluctuates significantly (and can go to zero). At the same time, if you do it right, you can make decent returns even after paying off the fees. For example, compared with my de minimis return on cash in my bank account (~0.01%), I’ve made roughly 3-6% using credit cards to buy Bitcoin and Ethereum within the past 6 months (even after paying off any fees associated with buying crypto on an exchange and paying off any fees for using my credit card).

2) Using Plastiq:

I was already aware

The crypto market is constantly evolving and there are always new ways to generate passive income. While some methods are more popular than others, it is important to stay informed on what is out there so you can make the most of your investment.

As you may or may not be aware, cryptocurrency is much more volatile than traditional stocks. If you don’t want to risk your entire portfolio at once, learning how to invest in a new way could be a great option for you.

One of the newest methods that has been gaining traction recently is using a credit card to purchase mining rigs. We’ve found that this method can be extremely beneficial and here’s why:

Let’s face it – one of the hardest things about getting into mining for cryptocurrency is paying for it all up front. For most people, finding the money to buy their first rig can be difficult enough; but when you add in all of the other expenses (like power, internet costs, etc.) it becomes even more challenging.

This is where credit cards come in handy! If you already have a decent credit score (or if you are willing to work on building one), then this could be an excellent way for you to fund your mining operations without having to deal with

This is a guest post by Adam B. Levine, founder of Let’s Talk Bitcoin.

This is a guest post by Adam B. Levine, founder of Let’s Talk Bitcoin.

Over the past few years I’ve been looking for different ways to acquire cryptocurrency without having to go through the process of converting dollars into bitcoin or other altcoins.

But there is a better way — a way that lets you leverage your current purchasing power: buying what you can with plastic and converting those purchases into cryptocurrency at the best rate available on exchanges. It’s not just cheaper than cash, it also gives you access to additional services and features that are only available when you pay with plastic.

For example, did you know that you can get free extended warranties, price protection, fraud protection and insurance? How about additional rewards points and cash back?

Those are just a few of the things on offer when you pay with the right credit card for your purchase. But before we talk about the best cards for crypto mining, let’s take a look at how mining actually works.

With all of the buzz around Bitcoin and cryptocurrencies, it can be hard to get reliable information. I wanted to contribute by sharing some of the best cryptocurrency sites for both novices and experts.

Let’s begin.

1. Bitcoin

2. Ethereum

3. Ripple

4. Litecoin

5. Bitcoin Cash

6. Cardano

7. Stellar

8. NEO

9. EOS

10. IOTA

11. Monero

12. Dash

13. NEM

14. TRON (TRX) ]15. Ethereum Classic 16. VeChain 17. Qtum 18. Lisk 19.] OmiseGO 20.] Zcash

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