Bitcoin

[slang]

Originally Posted by glatt

You can pay companies to mine for you. I can see how the companies would make money but I am not sure how the customer could make money.

Here's a mining company from the net.

The mining is powered from geo-thermal so the bitcoins produced shouldn't kill the planet.

Genesis Mining will not publish returns on their mining which, in this case, does seem a lot like gambling.

There is this graph that shows the historical return but how accurate is it?

Another detail is that the "plans" that allow the use of their super-duper-luper fast and reliable machines to mine for subscription seem to be booked with the exception of one. Dash.

The newer the coin, the more potential profit? I don't know.

There is an option to buy a starter plan for $57.50 but if the yield is .0331 it would generate a $0.165 profit. Add to that the duration of the plan, 2 years.

I'm sure there's more to this that I don't understand. On the outset it doesn't seem like something encouraging.