Sunday October 1, 2017
Total BTC mined: 0.21945435
Total BTC mined USD: $941.89 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $949.61
I thought today would be the day that ROI would hit 50% but it looks like we’ll have to wait another day. While BTC grew, the price dropped slightly overnight by about $100 so the increase was offset by the decline in price but still grew roughly $2 in value.
As I mentioned yesterday, the market has been much more stable over the past week as fears of China outlawing cryptocurrency vanished and the much feared October 1st day of reckoning has seen nothing of significance. The Chinese government instead developed guidelines on how to treat virtual currency as property and while they aren’t confiscating accounts they will be shutting down the two remaining mainland exchanges later this month.
In some much needed good news, IMF head Christine Lagarde cautioned members not to ignore the rise of cryptocurrency and that a consistent mix of innovation and adoption could one day see digital currency surpass fiat currencies. While her comments were a breath of fresh air compared to the recent rants of Jamie Dimon, she still commented that security issues will continue to make virtual currencies a volatile investment for the time being.
And Bitcoin mining still isn’t available from Genesis Mining. Time to change my affiliate links to Cloudflare?
Today’s picture comes to us from His Noodly Appendage