Saturday September 30, 2017
Total BTC mined: 0.21646747
Total BTC mined USD: $939.55 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $951.95
Look at that ROI, we’re almost at 50% return!
The market rebound continues as the fears of China outlawing virtual currency have subsided. China is expected to start regulating cryptocurrency starting tomorrow but in a way that treats it as virtual property and not a ban or seizure, the rumors of which have previously weighed down global crypto markets. China is however expected to shutdown the two remaining mainland exchanges which have been granted permission to operate until the end of October.
I think other nations will be soon to follow and hopefully they maintain the spirit of cryptocurrency by allowing it to function on the global network and not bottlenecked by local rules and regulations. Just last week the SEC started their own maneuvering into the ICO market charging the founders of a real estate and diamond trading ICO with fraud.
I can’t believe it’s just been two weeks since Bitcoin took a nosedive into the low 3000s as China rumors and Jamie Dimon slammed the currency into a correction. I don’t think we’re out of the woods yet because I believe that big banks are realizing they are very late to the party and given the freeform environment will slam Bitcoin again to buy the dip and begin to setup their own positions.
In unrelated but still unfortunate news, Genesis Mining is still not selling Bitcoin Mining contracts thus making the value of my affiliate links 0. Hopefully they start to offer plans soon so I can make a few extra bucks.
Today’s picture comes to us from Tom Hall