Bitcoin Mining in 2018 and How to Stay Ahead With Trading Bots

  • George Shnurenko
    ⭐ Features

    Here are few tips on how to take advantage of Bitcoin trading bots

Bitcoin Mining in 2018 and How to Stay Ahead With Trading Bots
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Cryptocurrency is here to stay and in 2018, it would be wise to invest in them if you want an extra source of income. You can invest in cryptocurrency either by trading in them or by mining them for profit. Cryptocurrency mining is the process by which new coins are created or circulated.

Most of the cost associated with it is with the initial investment in buying and setting up the mining rig. When mining, the most important thing is choosing a coin that’s easy to mine, you don’t want to choose a coin that’s difficult to mine.

Mining crypto coins in today’s world is an arms race that favors early adopters. If you’re looking long-term for crypto mining, it is best to choose a coin that has long-term growth potential. You can actually find out yourself which coins will make the most sense to mine, and which ones are likely to be the most profitable for mining as we continue to move forward in 2018 by following these steps:

  1. Go to sites where you can check the market valuations of cryptocurrencies
  2. Look at the MINEABLE coins that have an uptrend in price, and have had an uptrend for at least 30-days
  3. Go to those coins’ websites, and see if it’s a company expects their coins to increase in value over time and whose price is likely to appreciate as a result

Step #2: Find or set up a mining rig that can handle the computations it needs to solve to actually make money from mining the coins. You can buy a Bitcoin mining rig or build a custom made one.

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What you need to mine crypto coins

  1. A coin wallet that stores your profits and records your transactions
  2. A membership in an online mining pool and a currency exchange where you can exchange virtual coins for real cash and vice versa
  3. A full-time Internet connection that’s fast and reliable
  4. An air-conditioned hardware setup location
  5. A custom built computer designed for mining with powerful ATI Graphics Processing Units (GPU)

Tips for profitable mining

  1. Try to cut the electrical consumption as much as possible
  2. Join only the top mining pool
  3. For better gains mine only when the difficulty level is average or low
  4. The greater the hashrate, the more the profits you’ll be able the make
  5. Increase the number of graphics cards and make sure they are the powerful ones so as to making mining easy

The most common location options for mining are:

  • Home mining
  • Cloud mining
  • Third-party hosting
  • One’s own mining facility (farm)

Talking about mining profitability, irrespective of the selected cryptocurrency, the main factors that will influence your profits will be electricity rates, capacity, maintenance (availability of quick equipment service).

Some other issues that will influence mining include legal issues (in certain countries), noise (in the case of home mining), transparency and control, location and climate (the colder the location, the better for your mining).

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Coins to mine in 2018


Mining Monero is much easier than mining Bitcoin. It is one of the most profitable coins to mine. It has been predicted to increase in the value this year.


Mining Litecoin, especially in a pool can be very profitable. Considering the speed of generating a block i.e., 10 blocks a minute, Litecoin has a great future ahead.


Ethereum is considered the main competitor of Bitcoin. While difficult to mine, the price makes Ethereum mining worth it. If electricity is readily available and cheap, then you should definitely consider mining Ethereum.


The difficulty of mining Dash has also increased but the increase in price compensates for this. If the value of Dash continues to rise the same way in 2018, mining it is a worthy investment.

Although you can mine all coins individually, joining a good pool might be a better option as it will increase your chances of uncovering a block and getting profits.

All about Trading Bots

A Bitcoin trading bot is a software that studies market-based cryptocurrency trading data and reacts according to a set of user-defined rules. Users are required to configure their software to their own created strategy. After which, it analyses market information on their behalf and executes trades automatically with few user interactions if necessary.

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Trading bots are very common in the Bitcoin space as they are used for automated Bitcoin trading.

Here are some of the best Bitcoin trading bots on the market today this 2018:


Gekko is a free Bitcoin trading bot. Its software is open source and still being upgraded. It is fully automated, easy to use, and straightforward. It is equipped with essential trading features. The bot runs on all major operating systems. The bot can update you through email, Telegram, and other platforms. However, Gekko is not a arbitrage trading bot and it’s just a Poloniex trading bot.


The CryptoTrader bot is a cloud-based cryptocurrency trading bot that provides users with fully automated trades without them installing it on their system. It features a ‘marketplace’ that allows users to buy trading strategies, or to sell strategies developed by themselves to other users.

CryptoTrader offers different subscription plans to users that have various differences, like the number of crypto trading bots operating on the user’s behalf as well as the maximum equity limit.


Just as Gekko, Zenbot is also an open-source Bitcoin trading robot for Bitcoin traders. As an open-source project, Zenbot is available for users to download and modify the code as they wish. Unlike Gekko, Zenbot offers high-frequency trading as well as supporting other cryptocurrencies in addition to Bitcoin making it an all-around cryptocurrency bot.


Bitconnect is not exactly a regular BTC robot. It is a self-regulated system that’s designed to offer its users investment options. It also open source. Users of the platform lend their part of their capital to Bitconnect’s trading bot for a short duration and, in return, they get assured gains, shared between them and the platform.


Haasbot trades Bitcoin and many other altcoins. Haasbot is probably the one of the most complete of the crypto bots that are currently available, doing much of the labor with relatively minimal input required from the user. To achieve all these, it is expensive to use with costs ranging from between 0.12 BTC and 0.32 BTC for a three-month duration. Only those knowledgeable about what they want from the platform and are very much committed are advised to use it.

BTC Robot

BTC Robot is one of the pioneer Bitcoin day trading bot. The trading bot can be downloaded on major operating systems with different prices. The bot is easy to install and use. The Bitcoin bot has a trial period with a 60-day refund policy.

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Automated trading is the best if you do it yourself with your own strategy. At least, you know what your parameters are and how your bot will trade. It is always better in Bitcoin trading to have a bot proposing trade actions to the user and then a human interaction to confirm it.

Cryptocurrency trading and trading bots can be confusing to use especially for beginners. There are many trading bot providers available to purchase in the market. Users should ensure the bot providers they choose are trustworthy and reliable. If these bots and the right strategies are used properly, potential profits from trading could be tremendous.

The best trading bot is that bot that helps you achieve your goal. Whether it’s a Poloniex trading bot or a Bitcoin arbitrage bot, perhaps, even a generic Bitcoin day trading bot, there’s a vast number of options available to you. Make the best of automated Bitcoin trading and you’ll be glad you did.

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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money

Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
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Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.

You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

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Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

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