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Showing posts from 2015

Investing in Bitcoin can be Advantageous

Some people like to invest in stocks, real estate, or gold. There are innumerous investment strategies that can be lucrative, so long as you know the market you're working in. I like to talk about currency because currency surrounds our every day lives weather we think it does or not. Let's start with gold. Gold is as prehistoric as currency gets. When man created gold as a currency, it was aimed to create a standard in which merchants could use in a society where goods and services could be traded. The benefit of currency was the ability to trade goods knowing the trade was accurate. Because of the rarity of gold it made the gold standard stable. There is only so much gold in the world, which puts a cap on how inflated the gold currency can possibly reach.  In the American economy we do not have a gold standard. We have a fiat-currency, which in other words is a currency that we solely trust as being what it's worth with no real face value. The problem with a fiat cur

Genesis Mining Actually Works!

If you're still on the edge about weather or not you should invest in Genesis Mining that is perfectly okay. The good thing is you can invest just a little bit to see if you like the idea of investing in cryptocurreny. Cyrptocurrency (Bitcoin specifically) in it's younger days was much more volatile, which ended up being a bad for may people who put all their eggs in one basket. Now, the currency has been much more stable allowing individuals to reach into their pockets and own a little crypto-capital. I have been a member of Genesis Mining for a few months now and the results have been surprisingly great. I bought .75 T/H of sha256 and it has given me some steady income. Look at the results below. Genesis Mining Earnings as of 08 July 2015. The income is steady and I like it. I mean who wouldn't? The awesome thing about Genesis Mining is that it gets deposited straight into my Coinbase account everyday and I get an email from Coinbase letting me know how much was

Introduction to Genesis Mining

Understanding Bitcoin   If you are like me then you are have probably are looking for a way to invest in bitcoin or some kind of alt coin. I am assuming that if you're doing research on bitcoin mining you have an idea of what Bitcoin is all about. If you are totally new to Bitcoin then I recommend you watch this video. Before you do invest in bitcoins and alt-coins I recommend you consider the risks associated with digital currency. I would not recommend investing a large amount of cash into any cloud-mining website like Genesis Mining until you understand how mining works and the risks associated with mining. Two of the major risks to be aware of before mining is the bitcoin/alt-coin value volatility and the current and future difficulty of the algorithms to mine coins . Bitcoin has a limit of 21 million bitcoins (expected to be reached by year 2140). Right now we are able to mine bitcoins at a profitable rate but as time passes bitcoins will become