I just got today's BTC payout. Although Genesis Mining does not always communicate payout issues, I am all caught up on BTC mining payouts at this time.
There have been several times in the past when payouts have been delayed. As I understand it, Genesis Mining does an audit of the payouts before pushing them out. I can imagine with the recent run-up in BTC, the BTC mining payouts needed a little more scrutiny during an audit.
If you are planning to invest in any crypto-mining contract, you need to weigh the cost of the mining contract versus payout against just holding crypto-currency.
At this moment it looks like holding crypto-currencies (with the rapid rise we have seen) is better than investing in mining.
As for myself, I do plan to invest a bit more into BTC mining contracts when they become available (hopefully soon, but likely next year, 2018).
Completely agree. As long as prices are appreciating like they are, holding on to BTC is a better move.
In the past my strategy was to buy upgrades when the price of BTC was near a high. Because in the past when BTC hit a high there was a sharp pull-back.
So why we are not seeing any corrections now a days or is it a old thing for bitcoin now i had experience whenever there was a ATH of bitcoin the sudden corrections comes after few days but now a day its on a bull run
It is the adoption of crypto-currencies world-wide that is a driving force right now. Everyone knows to buy on the pull-backs, this could be why the pull-backs are not as severe. Of course if a major exchange is hacked again, then that could cause a sharp pull-back in price.
In terms of the world-wide population getting into crypto-currencies, it is estimated that we are just about to leave the "innovators" phase of penetrating the entire market.
Over the Thanksgiving holiday, many people told friends and family about how they have been making money in crypto-currencies. That started a wave of people signing up on exchanges and buying the main three: Bitcoin, Litecoin, and Ethereum.
Get prepared for another wave as those people tell their friends and family about crypto-currencies and the spectacular run they have seen since Thanksgiving.
As people gather for the holidays at the end of the year, they are going to hear about crypto-currencies and the stories of wealth generation. This will cause an even a greater number of people to signup on the exchanges and buy the main crypto-currencies.
And those who got into crypto-currencies over Thanksgiving will be learning more about the alternative coins which will cause them to rise in value too.
Take a look at the adoption curve. The acceleration of people into crypto-currencies is just beginning.
You are very fortunate to be one of the "innovators" in this space and you will reap the rewards for your forethought.
Oh so this is why very nice and detailed explanation you give me i couldn't found it anywhere thanks for sharing your knowledge i appreciate it :) thank you once again
I just got today's BTC payout. Although Genesis Mining does not always communicate payout issues, I am all caught up on BTC mining payouts at this time.
There have been several times in the past when payouts have been delayed. As I understand it, Genesis Mining does an audit of the payouts before pushing them out. I can imagine with the recent run-up in BTC, the BTC mining payouts needed a little more scrutiny during an audit.
If you are planning to invest in any crypto-mining contract, you need to weigh the cost of the mining contract versus payout against just holding crypto-currency.
At this moment it looks like holding crypto-currencies (with the rapid rise we have seen) is better than investing in mining.
As for myself, I do plan to invest a bit more into BTC mining contracts when they become available (hopefully soon, but likely next year, 2018).
Have a fantastic week!
Steem on,
Mike
Thanks for your sharing your knowledge on this one i feel like holding is way better now :)
Completely agree. As long as prices are appreciating like they are, holding on to BTC is a better move.
In the past my strategy was to buy upgrades when the price of BTC was near a high. Because in the past when BTC hit a high there was a sharp pull-back.
Have a great week!
Steem on,
Mike
So why we are not seeing any corrections now a days or is it a old thing for bitcoin now i had experience whenever there was a ATH of bitcoin the sudden corrections comes after few days but now a day its on a bull run
It is the adoption of crypto-currencies world-wide that is a driving force right now. Everyone knows to buy on the pull-backs, this could be why the pull-backs are not as severe. Of course if a major exchange is hacked again, then that could cause a sharp pull-back in price.
In terms of the world-wide population getting into crypto-currencies, it is estimated that we are just about to leave the "innovators" phase of penetrating the entire market.
Over the Thanksgiving holiday, many people told friends and family about how they have been making money in crypto-currencies. That started a wave of people signing up on exchanges and buying the main three: Bitcoin, Litecoin, and Ethereum.
Get prepared for another wave as those people tell their friends and family about crypto-currencies and the spectacular run they have seen since Thanksgiving.
As people gather for the holidays at the end of the year, they are going to hear about crypto-currencies and the stories of wealth generation. This will cause an even a greater number of people to signup on the exchanges and buy the main crypto-currencies.
And those who got into crypto-currencies over Thanksgiving will be learning more about the alternative coins which will cause them to rise in value too.
Take a look at the adoption curve. The acceleration of people into crypto-currencies is just beginning.
You are very fortunate to be one of the "innovators" in this space and you will reap the rewards for your forethought.
Have a fantastic week!
Steem on,
Mike
Oh so this is why very nice and detailed explanation you give me i couldn't found it anywhere thanks for sharing your knowledge i appreciate it :) thank you once again
Have an awesome year
Cheers