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RE: Genesis Mining Review #8: 84.035 TH/s Open-Ended Bitcoin Mining -- More Than Broke Even
Good article but I think right now is more profitable to just buy BTC. Ex 2 weeks ago I was considering jumping onboard genesis mining but I went and bought 1btc at 2700$. Today it's at 4000$. I doubt you see those returns with mining. Maybe with LTC but that contract is sold out.
I completely hear you on that logic. I am holding BTC and LTC too. At times it is better to buy BTC outright rather than mining it (via buying a mining contract).
BTC is predicted to go to $6,800 before the next big pull-back. Then it is onward and upward over $10k.
Have a great week!
Steem on,
Mike
Yupp, keep reading lots of great news about it. Just today a Swiss Bank announced they will start selling BTC LTC and ETH to customers. We are witnessing the beginning of mass adoption just like intent itself :)
According to a few people I follow (one being Clif High) the cryptocurrency adoption is moving from 1% to 2-3% by early next year. That will take the adoption just to the next level. But by the end of next year will start the mass adoption.
Just like stocks, some will think BTC is too pricey and buy ETH, and even some will think ETH is a bit pricey and buy LTC. I think it will be a tad longer before the masses start buy tokens.
Have a great week!
Steem on,
Mike
Very true, I have a hard time explaining to family that you can but 0.1 BTC. They have a hard time understanding the concept. But in sure they get used to it when we go mainstream.
Also LTC is a better fit for many thanks to price stability and cheaper price. Not as profitable but it's a good starting point for new comers.
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086