Bitcoin mining is it worth it? I have been hearing about this bitcoin and bitcoin mining for over a year now and I am still trying to still wrap my head around it. So I do what I always do when I don’t understand something. I research it!!!
There is so much out there about bitcoin, cryptocurrency, blockchain and bitcoin mining. This seems to be a growing innovation to how the money market will be going in the future. As a result, I think it is worth investing some time and energy to see how it works. So the first thing we need to do and find out exactly what bitcoin is.
What is Bitcoin?
According the dictionary bitcoin is a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
Sounds complicated doesn’t it. When to my understanding bitcoin is just a way to get digital money from the usage of your computer. It is just a mathematical equation that calculates data usage of your computer. It then converts that usage into a formula to calculate and convert that usage into digital currency. This currency is called cryptocurrency. The money it converts to is called bitcoin. Well, at least that is my understanding. I could be totally wrong. But this explanation works for me.
Why do we need cryptocurrency or bitcoin?
The actual creator of bitcoin is unknown. There are a lot of speculations but nothing concrete. However, since its inception, the bitcoin invasion has created controversy and debate. It has also rocked the banking institutions. Here you have a money market that does not involve banks!! No middle man. No fees, buildings, paperwork, or all the hassles that goes along with the banking industry. You basically has a means of creating money, exchanging that money and now through advanced technology even Staking that money like stock. This has gotten the banking community shaking in their cubicles!!!
Is bitcoin mining worth the trouble?
So here is the big questions. Is bitcoin worth the hassle of mining? Do I want a program running on my computer that could potentially be harmful to my computer. Will my data be made public or hacked? Is there any monetary value to this bitcoin to make it worth my time?
I would say that depends on how you view the programming you have for mining your bitcoin. Here are some interesting facts that were leaked on May 9, 2019 about the bitcoin market. Read these tidbits and you tell me if you think mining for this digital currency is worth it.
Bitcoin, up a staggering 20% over the last 30 days, has continued its march higher this week. This week being the week of May 10, 2019. With our economy the way it is, that to me is substantial growth.
Bitcoin values increase!!!
The bitcoin price hit $6,388 on the Luxembourg-based Bitstamp exchange last night, May 9, 2019, after starting the year at under $4,000. The bitcoin price has also extended its lead over the wider cryptocurrency market, adding to its so-called market dominance—how much bitcoin contributes to the total value of all cryptocurrencies—which is now nudging 60%, its highest in six months. Can you image with this type of growth what it will be my the end of the year.
Bitcoin has somehow added almost 7% over the last three-day trading period. That is phenomenal in the marketing and financial industry. With awareness of Bitcoin and Cryptocurrency only increasing, I see with increase becoming more steady and consistent as time goes by. As the realization of the decentralization of the normal banking industry with no middle man, this can only become more popular. Therefore, increasing in value.
So my answer would be — YES!!! It is well worth mining for Bitcoin. With a great referral program and the ability to mine with little or no cost, the advantages of Bitcoin mining can only be seen as very beneficial. Even economically, having your computer work for you is a win-win scenario.
Bitcoin mining for free!!!
So what are you waiting for? I have a way to know only mine bitcoin for free but also to get referrals so that you can build a great bitcoin community to increase your bitcoin mining potential. Use your computer data and usage to equate to digital currency. This is a no-brainer!!! As much as we use our computers and laptops daily, this is a continuous money-making machine.
With this knowledge and the growing awareness of bitcoin and cryptocurrency, you need to get started today while the market is swinging up. Use Smartminer Download and put your computer to work mining your bitcoin. Set the financial market on its ear.
Where will you be with your bitcoin mining
Then when all is said and done, we will be able to retire early, be financially secure and independent of the conventional banking institutions. As the computer will only be more popular, mining will become very profitable.
Where will you be? Are you going to let this opportunity slip by? Download Smartminer today and get to mining. Then sit back and enjoy a glass of your favorite wine and watch the bitcoin start coming in.
Response Magic 