Today Bitcoin has, once again, a lower price... when is it going to resume the price increase?
In any case, I think it is good that it takes a pause from the crazy increase that it had recently. There was today news of a bank stopping all international bank wires related to crypto, which is worrying (https://steemit.com/cryptocurrency/@freedomvigilante/bank-halts-cryptocurrency-related-wire-transfers-big-trouble-ahead) so I hope that this does not take bitcoin lower, although if it does maybe it is a good opportunity to buy some ;)
So far I think that people are a bit mad about ALTs because they have realized that to get rich they need to pick the next 100x or 1000x coin, growths that the bitcoin will probably not do anymore... or would it? well, not the 1000x but the 100x would mean a bitcoin at $1.3 million which sounds a lot, but if we start measuring it in satoshis instead of on bitcoins, it is "only" $0.013 per satoshi so a "penny stock"! ;)
How has affected the latest price drop of bitcoin in my time to recover the investment?
Thanks to the hashrate increase with the reinvestment approach, the time to recover the investment had not suffered much. Obviously, the time would have been reduced further if the price of bitcoin was higher, but as long as I don't get into the 5 months to recover a feel easy about this investment.
It also probably helps that the payout today with a pool allocation of 50% Antpool and 50% BW has been higher than previous days. It seems that this allocation is the best as on the two days that I had it the payouts have been better than with other allocations.
This is the update on the account history for the two days:
As I said I was 50/50 on Antpool and BW and I got 0.00077140 payout (@13657 = 10.535) the new allocation worked quite well.
When we take into account the fees (0.00012637) the net payout is 0.00064503 ($8.809).
My current hashrate is 5.22 TH/s:
The best pools today:
So it says 100% BW but this time I'm not going to follow this page because the two times that I got 50/50 Antool/BW I got the best results. Let's see if tomorrow I get a payout of 0.0007+ with this allocation.
Again good news with the earnings per month! Now it says $312.08 per month (before maintenance fees)
The calculations done taking into account fees:
So 4.16 months to recover, let's see if this time keeps decreasing with the reinvestment policy and hopefully even more if the price of bitcoin finally goes up again.
What do you think? Is it worth it?
I think it is starting to be...
Please leave your comments below!
If you want to try investing in cloud mining like me please use the link below and I'll get a few bucks for the referral... everything helps! :D
https://hashflare.io/r/70E314F
History:
- Day 5 and 6 of Bitcoin Mining in Hashflare: 5.18 TH/s
https://steemit.com/cryptocurrency/@freedomvigilante/day-5-and-6-of-bitcoin-mining-in-hashflare-5-18-th-s - Day 4 of Bitcoin Mining in HashFlare: the effect of bitcoin price drop. Hashrate 5.07
https://steemit.com/cryptocurrency/@freedomvigilante/day-4-of-bitcoin-mining-in-hashflare-the-effect-of-bitcoin-price-drop-hashrate-5-07 - Day 3 of Bitcoin Mining in HashFlare: earnings rate increases. Hashrate 5.07 TH/s
https://steemit.com/tag/@freedomvigilante/day-3-of-bitcoin-mining-in-hashflare-earnings-rate-increases-hashrate-5-07-th-s - Day 2 of Bitcoin Mining in HashFlare: first results, time to break even. Hashrate 5.04 TH/s https://steemit.com/cryptocurrency/@freedomvigilante/day-2-of-bitcoin-mining-in-hashflare-first-results-time-to-break-even-hashrate-5-04-th-s
- Day 1 of Bitcoin Mining in HashFlare: would it be profitable? Investing $1100 initially
https://steemit.com/hashflare/@freedomvigilante/day-1-of-bitcoin-mining-in-hashflare-would-it-be-profitable-investing-usd1100-initially
Other interesting posts:
- Do we create our own reality? What is reality?
https://steemit.com/meditation/@freedomvigilante/do-we-create-our-own-reality-what-is-reality
This article took me some time to compose, please support my work by upvoting and following me if you are interested in the subject so I get incentivized to publish more, I also post about health and politics ;)