Nicely explain by Ex-Banker on Bitcoin mining...!
Mr.Prem Johal
Hello Lovely People!
Its a good day to let numbers talk! 1000 GigaHash/second of power costs U$ 150 $1000 therefore buys 6600 GH/s of power.
Just Few day"s Price was BTC= $ 2550
24 hours later Price is showing BTC= $ 3250
What's it to you?
Your $ 1000 made 104% p.a. yesterday Your $ 1000 makes 113% p.a. today Your $ 1000 just became better by 9% p.a.
Seeing this, more people will join the mining activity and result in higher difficulty rate very soon.
Higher difficulty rate means harder to find Bitcoin, therefore greater intrinsic value.
Greater intrinsic value means people should be willing to pay a higher price for Bitcoin.
Higher price means new trading range opens up.
Higher price means more media attention.
Higher price means more profitable mining.
When Steemit & Facebook is full of the noise of many other schemes and programs, take a few minutes out and let the numbers sink in.
100% passive 100% recruitment free (for the networking shy) 100% good news for us who do this business 100% stable use of your $ 1000 100% your $ 1000 is rotting away in a bank anyway 100% Bitcoin rewards convert to GOLD by choice 100% regret if you hold on to your bias.
Numbers. Simple.
Just as worldwide consumption increase in OIL feeds the profitability of an entire oil producing economy, so also worldwide
acceptance increase feeds the net new cash flow into the digital value producing economy.
We are producers. We are miners. Bitcoin Miners.
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