I am addicted to mining now! I just bought my first 1TH lifetime (while profitable) mining conract for $150 with pool.bitcoin.com which JUST came out and is the best deal out there now! ! If there was a referal or affiliate program I would post a link!
(Singup under me here https://minergate.com/a/d582a3e158500d130a38afed and download their free hardware altcoin mining app or progam (win mac linux android ands oon iOS) to start mining FREE with all 1 percent maintenance costs taken out of coins you mine so you can singup with my minergate referal link above, then after singing up just download the program or app on all your devices, login with same account oon all your devices, and start mining the altcoin of your choice with a one button to start system! Super user friendly GUI (Graphci User Interface) which in plain english means it is a very easy to use app that lets you just click a Play button or a pause button to start or stop mining! And Just start mining Bytecoi, Ethereum Ethereum clssic and Monero and those 4 can be exchanged for bitcoin on poloniex! the others can also be exchanges on bittrex. And minergate Web mining contracts were competitive at $3-$5 for 20GH 2 year contract but now pool.bitcoin.com has the best rates at $150 for 1 TH lifetime (while profitable) contract
I have minergate contracts, I have eobot contracts, but I never spent more than a few bucks at a time on those as I knew I could find better prices than $3 to $5 per 20GH (GigaHash) offered by minergate and similar rates at eobot... and I was rght to wait! I just found the holy grail!
Or the holy grail found me! As my Bitcoin.com RSS feed or Push notifications in google chrome PAID OFF!
(Shaun Chong bitcoin.com founder standing inside his digital gold mine)
Not only a I notified of all the latest and greatedt ICOs like Peerplays MobileGo Zapple etc, but I was just notified last night of an amazing new offer from bitcoin.com
https://news.bitcoin.com/bitcoin-coms-cloud-mining-allowing-anyone-mine-bitcoin/
https://news.bitcoin.com/new-unlimited-bitcoin-com-mining-pool-now-open/
Someone on the bitcoin.com comments asked " This instinctively looks like bait for crypto junkies to me. If everyone could make money mining crypto with these servers, why would they sell the mining power instead of just mining themselves?
I've not dug deeper than this article though, so perhaps I'm way off base. ;)"
And yeah he WAS way off base! They ARE "just mining themselves" !!! they are just getting paid even more to mine bitcoins and the small amount of btc they end up paying to the person who pays for the contract doesnt even cut deep int the overall bitcoins theyre getting! And so they can afford to make trhe contract miners happy with small profut while they end up keeping most of their btc profits! But its still a deal!
They sell contracts to GUARANTEE the income from the hardware at the current rates! As the price of BTC goes up, we make money with our contracts locked in at current prices and they make more off maintenance fees! they can use the money we pay them up front to pay for more hardware which can make even more BTC for them!!! They are leveraging their massive BTC mining farms potential to purchase even more hardware so they can ! Everyone I know who bought contracts at genesis mining has made alot of money as they alll made contracts at bitcoin price of $1000 and ow its close to $2000 and theyre all making tons off their daily payouts...and if you lock in now for lifetime u can get a lifetime of 1 TH so when bitcoun price goes up u will be making money that the miners could have kept all for themselves
ALSO once we run out of bitcoins to mine, ASIC machines can be modified to be used to run problems like an ethereum data center, sinc Ethereum is one big virtual machine a networked super computer, well, the bitcoin network is too, but the ASIC machines or Application Specific Integrated Circuits just do 1 thing and thats mine bitcoin but they could be used to solve other computational problems and mine Ethereum on them and there will ALWAYS be a need for big data centers!!!!
We are building the data centers like this just for profit right??
But what we arent seeing is that by building data centers for bitcoin mining and supporting the building of them with buying bitcoin mining contracts,
These Asic machines are an evolution! How could anyone say they are worthless for anything other than bitcoin mining??
Think about how many PIXAR movviees you could render for cheap over an ethereum or Golem style network utilizing all these leftover bitcoin farms!
This IS what ethereum is by the way...you get paid in ETH tokens to do computational taks...just like ow you get bitcoin for solving the bitcoin blockchain.....but ethereum allows you to run any program or process any data...you know, the whole folding at home or seti at home folding proteins curing cancer or going through radio telescope data and looking for signals (Grid Coin) thats just one example of a totally new and popular use of leftover computational power!
Just imagine what we could do with all these bitcoin mining facilities once the last blockchain is processed and found...and lets ignore the fact that they could switch to Ethereum "mining" which just allows people to rent the super computer power with ETH (yes ETH is the token used to buy or sell computer power!)
Imagine running a massive simulation using the massive ethereum or golem super computer network! You could simulate the universe and create a massive online blockchain RPG videogame! Or imagine if we used the leftover bitcoin mining facilities to allow people to rent supercomputer power to stream videogamesto the shittiest of tablets or smartphones!
As long as a computer or smartphone has the ability to stream live video, and send out control movements, which shoudl be simple, you could "outsource" all the cpu and GPU and hard drive storage read write tasks all to an external render farm that can allow people to play videogames or edit videos or even create 3d animations or use adobe after effects or some other cpu or gpu intensive program...well we could use our old slow laptops or tablets or smartphones as simply a gateway to watch a live streaming video that is being run off the cloud...but youll be able to play it live and the video signal will just be sent to your phone or tablet or laptop or desktop etc,imagine the possibilities!
Nintendo could create a Switch Server emulation that could allow anyone with the cheapest slowest android smartphone or tablet to download a hypothetical nintendo switch cloud play app that would allow someone to purchase time, teyll give people free trials, wth like a few hours or days or gameplay...it will get people HOOKED
They will MARVEL at the amazing graphics something from their smartphone! people would pay $20 or more for an app that could allow the playing of the new Zelda Switch game! And if Nintendo created an official emulator app that allowed them to play any old nintendo game from NES to n64 and allowed people to purchase old games people would be buying that like crazy but then there would be no need for a separate nintendo switch console! But people would still buy the switch! But if people could just pay ti play online using a cloud rendering and cloud gaming service, it would be huge and so many people who couldn't afford a new nintendo switch console would then be able to pay to play over the cloud!
Anyway imagine playing videogames or rendering oyt 3d movies using ethereum or Golem supercomputer networks to distribute work between all the ethereum or golem miners!
Just imagine all the processing power there will be once all these ASIC miners run out of bitcoins to mine!
Ethereum has no artificial cap and so can theoretically keep growing as the worlds global hash rate grows..
The global bitcoin network (all the miners and nodes together) is over 8 ExoHash milestone ...it was just at 2 exohash in november 2016. And with systems like Ethereum to take over when bitcoin mining becomes unprofitable as the last blocks are solved, we can keep expanding our total amount of computing power! I dont think the world would ave this amount of global computing power this fast if there wasnt this direct bitcoin incentive to build more and more computers to crunch numbers! Only good will come of more and more super computing power! We may not realize it now, but like I already mentioned, things like video editing, after effects or 3d animations all take along time to render! Videogame design takes forever even n the fastest computers! With the new ability to get super fast cpu or gpu power or dirt cheap, new talented film makers or video game designers will have access to the equivalent of Pixar render farms and will be able to do what normally costs millions!
There will ALWAYS be something to do with all this processing power! Data will need to be crunched, also simulations and sentient AI can be birthed in such a system! Like primordial soup for cyberspace . These super computer networks created to mine crypto currency will end up being used to create AI and powerful data processing products that will end up paying for the entire mining farm hardware and maintenance and electricity cost and THEN some! These server farms will be able to do all sorts of amazing