The value of Bitcoin(BTC) has taken off like a shot. Its value had been rising fairly steadily since it’s inception in 2009. This year for the coin, the sky seems to be the limit. As of writing this, the coin was worth over $16k.
All sorts of people are talking about it. I don’t think too many people know how it works or why it has value.
I personally am into the whole crypto thing. I have been for about 6 months. There is a good deal of learning to be done for a computer pleb like myself, still.
As it turns out, to mine these days, you need to drop over a thousand dollars to get started. You need to spend a lot more to mine BTC. So, there are at least two companies on the web that cater to people that have a decent computer or even really good computers that can mine a little bit. One is called Minergate, they are pretty well diversified in terms of the different coins available to mine. The second place is called Nicehash. With Nicehash, your machine may be mining different coins but you are always getting paid in BTC.
Creepy Assed Clown Face
I generally use NiceHash and as of three days ago, I had about $25 on account from mining and appreciation. I needed about $30. Had I been mining, I could have cashed out tomorrow, taken the BTC to my friendly cut-rate software merchant, and bought an operating system for a decent mining rig I recently put together.
The fates intervened on me, my dear readers. NiceHash was hacked and robbed of their and my precious BTC.
They seem very calm. It must be a big deal though. All the headlines say they were taken for, oh, just $64 million dollars!
Was it an inside job? Was it Kim Jong Un, did he need money to import Popeye's Shrimp? Is he singing the Popeye's jingle right now?
I don't know. This is worse than the time Scott Malcomson stole twelve dollars and fifteen cents from me. Wait, he stole it from Cartman.
It was Asians. They were probably sweaty and eating fried shrimp.