Just the one item today in this edition of Bit-Talk and that is to let you all know that today is the day that Eth or Ether (the coin of Ethereum) mining goes live for Bitclub Network Founder members. It is now 10 am and at approximately 4.45pm to 5pm 1,000 shares will be made available to BCN founder members at a cost of $1,000 per share.
If you want to be ready, make sure you have the equivalent of that $1,000 in Bitcoin sitting in your BCN wallet or, at least, in your external wallet. When the order window opens, I expect there will be a rush to get in. It could even be that all 1,000 shares go today.
If you are not a founder, sadly, you cannot buy an Ethereum mining pool share. Well, maybe you can if you become a founder member before launch? Or maybe you can find an external source that will let you buy into Ethereum mining.
A founder (although I am sure you know this) is someone who owns a BCN Mining Pool 1, 2 and 3 share. There are members with more than one founder position of course, and they may take advantage of that and buy multiple mining shares so that is why they could be snapped up really quickly.
Why would you even want to consider the Ethereum offer? There are so many reasons and most of them are to do with future development possibilities and the attention that Ethereum are getting in the Bitcoin space (for example, in Edition 22 of Bit-Talk, see the Microsoft/Ethereum article).
Ethereum is being talked about as the equivalent of Bitcoin 2.0 in terms of being able to produce most of the answers to the complex questions relating to "how do we take Satoshi Nakamoto's original concept of a truly de-centralised currency of the people to the next level". The answer appears to be by creating what you could refer to as a "world computer" and that is sort of what the ETHEREUM project is about. You should research it, fascinating stuff.
It is about more than currency. It is about a whole new way of creating secure, tamper proof systems for recording all sorts of legal and service transactions such as contracts and data records (see this article for more on that ) that can be verified easily. I could write pages and pages on what Ethereum can do or I could simply direct you to a video from the guys that invented it that goes some way toward doing that. Here's the link to that VIDEO .
But here's the short version for you. ETH is currently worth around $12 per "coin" (ETH or ETHER is the coin of Ethereum) and a mining deal will give you the opportunity to grab around 9 of these per month. If they do no more than stay at their current $12 value then you will be holding $1,296 worth of ETH after a year. If they grow in value then, of course, you will be holding more. Estimates vary but a $20 plus value within a year is a possibility. It is already the second most valuable coin after Bitcoin.
If every $1,000 you invested merely returned $1,296 (just under 13% growth on your investment) you'd be happy I think, but this one could be worth much more.
At Bitclub Network we are privileged to have access now to 3 valuable crypto currencies. The Grandaddy of course (Bitcoin), ClubCoin which, when the Bitclub Business payment platform goes live will be available to our merchants and will attract much interest - then watch it grow - and now the ETH through Ethereum.
Think not of the science and the technology (that stuff can blow your mind) just ask a question. One simple question really. Why is Bitcoin the most valuable of all of the digital currencies by a long way? ANSWER because it was the first, the pathfinder, the trail-blazer and the one that everything that followed is built upon. What is likely to be the next most valuable? The one that can go where Bitcoin has never gone before. That is ETHEREUM.
I have my finger poised and ready to click BUY. As always, a cautinary note though. Only do this if you can afford it. All crypto-currency speculation is just that, speculation but we have to be realistic and take a look at the World Economy and ask ourselves the question "is my money safe in traditional investment vehicles?
All previous newsletters can be seen at Bit-Talk. |
