Wednesday August 9, 2017
Total BTC mined: 0.05654371
Total BTC mined USD: $189.55 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $1701.95
We’ve now hit 10% ROI and we’re close to being under $1700 to hit break even. These are exciting times and though we still have a long time to go, hitting little milestones like this really do a lot for the psyche.
There’s been some improvement in the exchanges and we’re starting to see trading look a bit more “normal” as the momentum behind BTC gains has subsided slightly. I’ve actually decided to invest in gold-linked Digix with some of my extra coins and I’m interested to see how that investment performs. I like their strategy and rather than go into detail here, I’ll just link to an overview of their operation.
Unfortunately the lending market is still pretty barren with low rates and little appetite for margin trading based on what I’m seeing.
In other news two Australian legislators are pushing for the reserve bank to recognize Bitcoin as an official currency stating that crypto is the future and that it has the power to revolutionize global markets.
Segwit also finally locked in on Bitcoin and the Litecoin crowd is reacting appropriately.
Today’s image comes to us from Sunny M5