Bitcoin has created countless millionaires and changed our digital lives forever. With this lucrative volatility, one can expect cyclical corrections to occur. Recently, the price of Bitcoin has fallen dramatically, and this has raised some concerns among Bitcoin investors.
For those who buy Bitcoin at a low price, and sell at a high price, these recent events may have affected your account. But for those who own a bitcoin mine, there is a very simple option to avoid the negative effects of volatility.
If you own a bitcoin mine, all you have to do is regularly sell the Bitcoin that your mine has been awarded. Instead of holding onto Bitcoin and possibly losing money, simply sell the Bitcoin once it is awarded to you, taking it out of the volatile markets.
If you believe the markets are going upwards, it could be a great idea to hold onto the Bitcoin that your mine has earned, and sell on a later day. But, during volatile times, it can also be wise to sell your earnings as soon as you can. This is one of the many amazing opportunities that bitcoin mining presents to investors.
It’s easy to see that Bitcoin is here for the long-run. The bitcoin digital ledger is an incredibly valuable tool to the world, with even more opportunities than first meets the eye. Mining bitcoin can be a great way to diversify your assets, or even create another stream of income for those who own excess energy sources, such as hydro dams, wind turbines, or other energy sources that may produce too much power, being required to shut down for a time.
Instead of shutting down your excess energy source, you can take this opportunity to power a bitcoin mine with the extra energy, thus being awarded with fractions of Bitcoin, instead of shutting down and waiting for a more profitable time to run the energy sources.
Mining bitcoin can be an incredible opportunity and is worth looking into. Our company, Liquihash, creates and manages bitcoin mines powered by excess energy sources. If you own an excess energy source and want to build a bitcoin mine, or would like Liquihash to build and manage our own bitcoin mine, powered by your excess energy source that will provide royalty fees to you, please contact us today.
If you have any questions about bitcoin mining, or wish to create a mine of your own, visit www.liquihash.com for more information.
Bitcoin has become a very popular word that brings a mix of opinions. Some support it, some fear it, but most of all, we all want to know more about its reliability. Besides moments of volatility, the question remains, “is bitcoin reliable?”
Bitcoin is a digital currency that is recorded on a ledger known as the blockchain. It’s decentralized, so there isn’t a headquarters that operates the system, and it relies on individual computers to calculate bitcoin transactions in order for it to operate. Meaning, if you buy or sell bitcoin, that transaction was carried out on someone’s computer. But don’t worry, bitcoin is designed to be secure, just change your passwords often.
The question still remains, “is bitcoin reliable? In the video above, we interviewed the founder of Liquihash, Nic Campesi, and asked this very question. In his words, “yes, the network always recovers. And when it does, people always have interest in it.” This means that even though markets may be volatile sometimes, it tends to recover. It can be a great idea to buy when the price of bitcoin is low, as long as the market does indeed recover.
The system of bitcoin, rather than the price of bitcoin, is the focus of this article. Prices are volatile, and that is what brings many people to bitcoin, for its ability to dramatically rise and fall. The system itself, its ledger called the blockchain, is a way to record information in a way that makes it difficult to change. The blockchain is a ledger that is duplicated and distributed across the entire network of computers.
In this simple definition of the blockchain, we can quickly see that it would be incredibly difficult, maybe even impossible, to hack the entire blockchain. This democratized and decentralized new form of currency and transaction platform is what many believe will be utilized by most people in the future.
Even if you don’t plan on utilizing bitcoin to pay for products, you can still participate in the profitability of it. Liquihash creates and manages bitcoin mines powered by excess energy sources, so your energy source can generate new revenue streams, even when energy is not profitable to sell.
For example, imagine that you own a hydrodam. Sometimes, your hydrodam can generate too much electricity, so it’s forced to stop production. In this situation, it makes much more sense to stop producing electricity for the purpose of selling it, but for the purpose of powering a bitcoin mine. Earn bitcoin while powering bitcoin transactions, and then continue creating and selling electricity once it’s profitable again.
If you’re interested in working with Liquihash to create and manage a bitcoin mine on your excess energy source, visit www.liquihash.com for more information.
