Bitcoin Adventure…

I realize that I am late to the party, even though its something I looked into in the beginning, as I have done MANY times in my life thus far (wanting investing in VOIP technologies in 2000, google in 1999, CISCO in 2001, Netflix in 2005, and a few others), but I am beginning to mine and invest in Bitcoin as purely an experiment and proof of concept to myself. I purchased a single Bitmain Antminer S1 (image below) to start this process. Bitcoin’s current price as of this post is $351 per Bitcoin and News just came out earlier today about New York State treating Bitcoin as a ‘non taxable’ currency (sales tax) because it is considered “intangible property”, which is good news and a step forward for the movement. The reward for Bitcoin mining (producing a correct hash) is 25 Bitcoin, currently $8750.

Paypal recently started accepting Bitcoin, which I believe is HUGE! They are the number 1 online payment platform and as soon as the recent bad news surrounding certain Bitcoin wallets subsides, I predict only growth from there on. Wish me luck.

Bitmain Antminer S1
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