Saturday November 25, 2017
Total BTC mined: 0.35721279
Total BTC mined USD: $3122.74 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $0.00
Bitcoin’s surge above $8700 has seen my overall amount mined in USD and ROI surge. Bitcoin mined is over $3100 in value while ROI is now 1.65 and with the futures market coming online in the next two weeks, BTC price per coin could surge much higher.
All of this is of course fun to talk about because the bubble has yet to burst. The run up in value over the past six months is astonishing and these price levels simply can’t be supported but of course everyone on the internet thinks ignorance is bliss and that we’ll just keep going higher and higher.
Speaking of higher, the recent drop in mining difficult has added an extra 0.0002-0.0003 BTC mined per day so for the next two weeks at least I’ll be adding a few more cents per day to the bottom line.
The largely ignored trust and security issues surrounding Bitcoin and cryptocurrency are again in the spotlight as Coingather exchange abruptly went offline the day before Thanksgiving. It’s a small exchange but everyone with deposits or trades through them is now officially screwed and investor losses could top $200k. Unless you keep everything in a secure, private wallet you’re money will always be at risk.
Today’s picture comes to us from Daniel Mennerich