DeutschCreating Cryptocoins Yourself: Mining
In the early days of Bitcoin as the first cryptocurrency, there was only one way to obtain coins, namely the so-called mining (translated as digging). It involves the respective cryptocoins, i.e. the smallest component of each cryptocurrency, being created by the respective consumer. Mining works with special computers, which, due to the complex computing tasks, now fall into the category of high-performance computers. In order to mine a coin, the computer must solve extensive, time-consuming and complicated computing tasks. The coin is then ultimately the reward for the correct solution of the respective computing task. The problem with mining is that the computers now have to have a very high performance and therefore often cost 10,000 Swiss francs or more. The power consumption of such high-performance computers is correspondingly high and cost-intensive.
The leading cryptocurrency exchanges in the testThe Purchase of Cryptocurrencies as a Popular Option for Ownership
A much more practical way for a much broader mass to acquire cryptocurrencies is to buy them. The purchase of digital currencies nowadays takes place via special platforms, which are also referred to as cryptocoin exchanges. These exchanges work in principle like a stock exchange or a foreign exchange market. Various cryptocurrencies are bought and, of course, also sold there. In return, you pay the respective equivalent value of the cryptocurrency with a classic central bank currency, for example with the Swiss franc or the euro. The value of the cryptocurrency is as volatile as on other stock exchanges.
The Exchange of Cryptocurrencies among each other as a Third Option
A third option of how you can also obtain cryptocurrencies is by exchanging various digital currencies among each other. In this case, you do not pay for Bitcoins to be bought with Swiss francs, for example, but instead sell another digital currency for the same equivalent value, such as Ethereum. Such barter transactions often take place on a private level, in that you transfer two Bitcoins from your wallet to a counterpart, for example, and in return receive, for example, 60 Ethereum from the recipient. But it is also possible to exchange one digital currency for another via some platforms and exchanges.
In summary, we can state that the purchase of cryptocurrencies is certainly the easiest and most transparent way to obtain digital currencies (5 steps to becoming a Bitcoin owner). Mining is more for professionals and involves high investment costs. A third option is the exchange, which always makes sense if you already own one or more cryptocurrencies and would like to exchange them for another digital currency. And this survey shows that digital currencies are becoming increasingly popular in Switzerland.
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