Numeraire pumps over 150% / Stratis June update / Genesis mining is legit
With lots of red in the crypto space the coin that sticked out to me the most was Numeraire (NMR). Not only did the NMR just get listed 24 hours ago. It was up over 150% while the rest of the crypto space laid in a sea of red.
I felt slight FOMO but I learned to to not chase the PUMP especially after its over 100% and having only done 20 minutes of research.
Their website has two introductory video to give you the gist of what NMR is about.
What I got out of it was that Numeraire is using the network effect to distribute all the financial data around the world to data scientist in hopes to create a super hedge fund.
Stratis is releasing more updates in the coming weeks. With it falling under $8 I fill my bags as I'm confident that Stratis devs will continue to delivery on their road map.
https://stratisplatform.com/2017/06/20/stratis-developer-update-june-2017/
Stratis pumped HARD after their last major update on May 29th
Stratis has also stepped up their marketing by publishing an article on INC.com
https://www.inc.com/brian-d-evans/stratis-introduces-the-world-to-blockchain-as-a-service.html
When Sia published an article on INC.com it pumped 25% a week later.
Of course due to the volatility of crypto past performance is not a good indicator of future performance.
Buy the rumor, sell the news. I'm bullish on STRAT hitting $10 if it goes to $11-$14 then I ll take my summer vacation :) . If not then I'll be a sad bag holder :( .
Genesis mining is legit.
After many SCAM allegations, it was great to see Trevon James get a behind the scenes pass to the Genesis Mining farm in Iceland.
The other arguments against genesis mining is that the difficulty of the coin your mining will go up resulting in a loss of profitability. As well as that the only way to make money is to refer 3% discount codes.
The difficulty agreement is a valid point, difficulty will increase. The counter argument I make is that if the price of BTC doubles or sky rockets it will still be profitable even though less coin is being mined. Of course if BTC tanks the opposite is also true.
Going by the cryptocompare calculator and genesis mining buy options. $2600 or (1 BTC = $2628 time of this writing) buys me 20TH of BTC hash power. For a yearly profit if $5388. Even without the 3% affiliate program, mining BTC profit seems profitable on paper.
The main key factor is will BTC increase more than the difficulty to mine it increases?
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Your last question should have been the Heading of your post
Will the price of BTC increase more than the difficulty to mine it increases?
It is a good question but I did it as an after thought to my post. But you now that you point it out, I'm curious to find out the answer to than question.
Headliners are good but cliffhangers are good too ;)