Thursday, February 22, 2018

Rise of Bitcoin Factories

Article: The Rise of Bitcoin Factories: Mining for the Masses - Wall Street Journal

NOTE: The above article may only be available to non-subscribers for a limited time.

Bcause is a company that houses mining rigs for clients. But, they also want to offer cloud mining by charging $4,800 for one year of using one Antminer S9. I consider that to be unusable.

The objective of mining companies like Bcause is to make money off of your wanting to make money. It is unlikely that you will make your money back. Bitcoin difficulty continues to go up, and by time your S9 comes online, it is unlikely that you will be profitable. If you want Bitcoin at this point, you need to simply buy it.

It's really just too late to get into Bitcoin mining. Mining of other coins could possibly be profitable, but not Bitcoin. I bought one Bitcoin rig in October and received it in December. With that one, I will be working to break even on it. I might make a 100% profit on it over time, at the most. But, that's it. Bitcoin would have to go up quite a bit for it to be truly profitable.

I got into mining because I enjoy the technology, and I enjoyed the challenge of setting up my two Antminers, setting up the networking, setting up the electrical. But, I know that profitability, such as it is, is nothing to count on.

My 5 TH/s Bitcoin cloud mining at Genesis went online October 31 of last year. But, Genesis takes a 30% cut of what you make. And, while I will make my money back, that much of a hit to what I make should tell anyone that Bitcoin mining at Genesis, at this point, should be absolutely avoided.

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Wednesday, November 8, 2017

First Major Crypto Index

Press Release: VanEck's MVIS® is the First Major Index Provider to Offer Digital Asset (Crypto) Indices - VanEck

Index List: Digital Assets Indices - VanEck

Bitcoin and crypto investors and enthusiasts have been hoping for involvement by established financial institutions.

Now, a major provider of financial indices has established a set of crypto indices. VanEck has been wanting to start an ETF, an Exchange Traded Fund, for cypto. They have put that on hold, citing resistance by regulatory bodies. But, in the meantime, they have partnered with to establish crypto indices ranging from ones dedicated to one cryptocurrency to those composed of a variety of currencies.

Click above for the Press Release, and for the full list of indices.

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Monday, November 6, 2017

Scamcoins You Need to Avoid!

Article: A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors -

Scams go hand in hand with crypto. Everyone needs to be very careful in the crypto space. Do your due diligence, then do it again! Only invest or mine established currencies. And, if you're mining, know that if you're mining new currencies, they could be vaporware and go adios, or tank, quickly. Remember, your Private Key is just that: PRIVATE! Do. Not. Ever. Share or post. Anywhere. Ever!

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Tuesday, October 31, 2017

My First Mining Is Online!

Start Mining Now: Genesis Mining - Click for 3% Discount!

After waiting for a bit, my Bitcoin Mining is online! Today is my first day of BTC Mining, with 5 TH/s mining power through Genesis Mining.

Genesis is a cloud-mining service that lets you buy hashpower with crypto or even a credit card. I bought my Bitcoin Mining through a pre-order and it has now started. You can currently buy Zcash, Ether or Monero 2-year contracts and mining will start immediately.

My Bitcoin Mining contract is open ended. So, I will get continual hashpower unless Genesis finds Bitcoin mining to be unprofitable. Then, things could change. But, Bitcoin is the most resilient cryptocurrency, so prospects look good!

I will report back to tell you what the returns on my Bitcoin mining are.

Last week, I used a 3% off coupon and purchased 100 H/s of Zcash Mining. That instantly started producing returns:

>> Click Here for a 3% Discount at Genesis Mining <<

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Wednesday, October 25, 2017

Bazista Powers E-Commerce

Main Page: Bazista

Bticointalk Page: Bazista - For Lady and Mister!

ICO Bench Review: Bazista

Bazista bills itself as being for "Lady and Mister!" They propose to make E-Commerce work better by helping people more easily exchange digital assets for goods and services. They also offer tools to help sellers make selling their goods and services easier. And, help them to cut down on commissions in the process.

Pre-ICO begins in just 21 days on November 16, 2017 at 12:00 a.m. (UTC +3).

DISCLOSURE: This is a Bounty Post promoting Bazista. Due diligence and research should be done on any ICO.

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Rise of Bitcoin Factories

Article:  The Rise of Bitcoin Factories: Mining for the Masses - Wall Street Journal NOTE: The above article may only be available to n...