Sunday November 19, 2017
Total BTC mined: 0.34235154
Total BTC mined USD: $2754.21 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $0.00
Overall Bitcoin mined surpassed 0.34 and value rose nearly another $100 as BTC pushed past $8000/coin. Again I’m not at all enthusiastic as I would like to see the currency trading in a healthier range rather than one built on speculation but at this point I’ll take what I can get. I’m honestly happy for anyone who got in early and has sold their cryptocurrency for actually currency but anyone holding on waiting for Bitcoin to jump to 10k or 100k/coin is going to be in for a shock.
In other Bitcoin news, the China rumor mill has started up again with Bitcoin miners saying they are looking to relocate and miners in Hong Kong supposedly being frozen out of their accounts. It’s the same market manipulation that we’ve seen in the past and as long as it can continue to move markets then there’s no reason to see it stopping anytime soon.
That’s the BS. At least when a publicly traded company lies about earnings or accounting they at least get a slap on the wrist whereas when countries, mining groups, trolls and just general traders lie about Bitcoin they can make huge profits and there’s no downside. I get tired of Twitter/Reddit fanboys sparking every rumor and I hope we all have a good laugh about this once it corrects and suddenly everyone comes to their senses.
Until then, I’ll have another glass of Bordeaux and pretend this is all fine.
Today’s picture comes to us from Chris Soberon