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RE: Why I'm no longer mining bitcoin
I am slowly gotten into cloud mining. Right now i am focusing on Steem, Dash and Eth. I have seen the rates go up with BTC. It's been about 1 dollar or more to transfer to other currencies. I am hoping something else with less built in issues steps up. I am sure Bitcoin will continue to be the "gold/real estate" of cryptocurrencies but we need something decentralized that will compete with Visa and Mastercard. I mean, it's not Bitcoin.. that is for sure. It's too slow and way to expensive. Thanks for the info.
Thanks for your feedback @brucebrownftw. I think we are hoping on faster coins like LTC, Pivx to compete with Visa/MC networks. If you cant beat them, join then, Companies like Bitpay are using the networks of these giants to process cryptocurrency transactions, even though they are simply converting crypto currency to Fiat.