Sunday August 13, 2017
Total BTC mined: 0.06891466
Total BTC mined USD: $275.75 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $1615.75
No change in Bitcoin mined but with values staying above $4000 the value and ROI grew. My return is now at roughly 14.5% of my initial investment and hopefully things continue to increase. At the current rate I’ve bought quite a bit of time in terms of the mining difficulty vs value spread and hopefully things stay this way for the time being.
At the current rate of progress, we’d likely see $5000 before the end of the month but I’m not convinced this bull market (which is funny to call it that given it’s been 2 weeks) will continue at this pace. I think we’ll slow down, settle in at a given trading range maybe from 3800 to 4200 and once we collect our heads start to move up again.
In the meantime I’ve got everything loaned out and I’m making a few dollars every two days. Since I can loan in Bitcoin, Ethereum and Litecoin I’ve got a lot of diversity but the loan rates on Ethereum and Litecoin are even less than the paltry ones currently in the BTC marketplace.
Regardless money is money and let’s keep making it.
Today’s image comes to us from Theophilos Papadopoulos