Wednesday August 23, 2017
Total BTC mined: 0.10197878
Total BTC mined USD: $430.13 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $1461.37
We’ve now surpassed two milestones on the same day with overall Bitcoin mined jumping past 0.1 BTC while value soared past $400 on a stunning rally that saw the currency jump $330 over the last day. It’s so funny how this can change day to day and I’m sure you see it in my blog entries where one day I’m really enthusiastic then the next day my mood is more pessimistic.
Honestly no one knows how the currency will perform day to day and if you follow the “experts” on social media you’ll see a lot of the calls they make on where Bitcoin will go are pretty far off, even with various pattern recognition algorithms. The reality is that this doesn’t trade like any asset I’ve ever seen.
The spike in price has yet to impact Bitcoin Mining difficulty as it is still projected to go down roughly 3.8% within the next 11 hours. Should prices stay as they are that means that I should be in for a good run over the next 11-12 days with high Bitcoin prices and lower difficulty increasing my daily yield. Of course Bitcoin could be $2,000 next week or maybe $20,000 … at this rate I have no idea.
In other news, there is a major battle brewing between Core and Segwit2x folks. It’s a little higher level than what I normally write so I’ll link out to an article instead.
Today’s image comes to us from Aaron Hockley