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RE: Thanks Steemians & Steemit! Converting Steem to Bitcoin & Demo Video
#bitcoin
My head has a headache thinking about the bitcoin price now because its selling it
#bitcoin
My head has a headache thinking about the bitcoin price now because its selling it
Same... Had three Bitcoin from mining at home with 4TH for bit... Sold the miners and cashed out 2.5 when it was just above $1500 to pay rent and child support between jobs. Broke $20,000 briefly with a fall back to $13,000. Can definitely build up to 1 BTC with a mining contract (Ant Pool's Hashnet for example) and Steem cheaper than buying a coin out right. Too high for my budget still and letting what little I have sit there to see where it goes. Knowing when to sell or hold is always the hard part :-D. Think there is potential for a big rise within the next few years as the last of the coins are mined.
Here's the link below to the clock showing an approximation of how much time is left to mine the remaining Bitcoin with the amount of hashing power at the moment. 80% of all Bitcoin that will ever be issued has already been mined. 16.29 Exahash of power mining Bitcoin now with a block being found every 10 minutes. That's a lot of electricity and computing power.
http://www.bitcoinblockhalf.com/