Winkevoss brothers, the Gemini founders, see Bitcoin's value doing another 30-40x, John McAfee launches a new service and more.

Good morning traders! Time to shake of the Sunday blues and start getting acclimated to the markets again.

So what's been going on over the weekend?

John McAfee and his "team" have created a service, which writes Whitepapers for guys, who are planning to hold on ICO, yet have no time, skill or the wish to write their own Whitepaper. Immediately alarm bells go off in many heads - why would you hold an ICO if you don't have enough knowledge to even put the details and vision down on paper?

John McAfee, the controversial guy behind it, argues, that many guys behind creating cryptocurrencies, are the quiet and introvert developer types, who might have a hard time explaining their vision to the regular Joe. Shady or a legit service, that is filling a gap in the market? You decide.

The tweet and the following conversation can be followed here

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Winklevoss twins are bullish on Bitcoin. According to the twins, the recent volatility in cryptocurrencies is nothing to worry about as it's part of the normal market cycles. At the same time, the price of all cryptos has come down skidding hard. The Winklevoss brothers, who have a sizable cryptocurrencies portfolio, are the founders of the Gemini crypto exchange, which the CBOE is taking the daily Bitcoin futures settlement price from.

_{Via Bloomberg}

The brothers, who have lost a sizable part of their Bitcoin-made fortune in the recent dumps, argue that regulations are not something to worry about and pronounce their support for them instead. They compare Bitcoin to gold, it's market cap and various other metrics and predict that Bitcoin could easily 30x-40x it's price from here. I'm starting to like these guys.

Watch the full interview here on Bloomberg

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A journalist at Business Insider, Antonio Villas-Boas, documents his journey into Bitcoin mining and does a profitability analysis for you, who are not at home with the matter.

_{Reuters/Dado Ruvic via Business Insider}

He details his process using some of the best GXF cards for mining, GTX 1060, GTX 1080 and GTX 1080 Ti. While the cards were originally purchased for gaming, just collecting dust in the spare time wasn't an option, so from there on it was just a matter of installing the necessary software, setting up the rigs as cheap as possible and tinkering with cooling.

As the eventual yearly profit hits $4,500, one has to balance the load on the GFX cards, to keep them from bricking. Substracting the massive electricity bill and the cost of the original gear will still leave him him profit though, if Bitcoin value will stay above it's current levels.

Interested? Hit up his analysis and reasoning here at Business Insider

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Check out Chainbb, an alternative frontend for STEEM network. If you like forum style, that's the platform for you.

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_{Title image from pixabay}

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