Why Cryptocurrency is More Logical

THE MATH OF IT ALL

Let us look a little bit into what I mean By adding up the Satoshi. This is to give you a better picture of the terms and the methods behind how we succeed. If you remember from earlier posts, I have stated you need to trade up daily to a staking coin, this is known as the DROP.

Now let us look at when I do receive a block of Litecoin, or rather the bonus I do not put into my daily figure. At this time 1 LTC=0.00319 BTC

That is three-hundred-thousand Satoshi per Litecoin. When the Block Hits, usually within a week or so, I get 25 Litecoins that is 0.07975BTC, or 7 Million-9Hundred and Seventy-five Satoshi. Now you see with just the Block we have brought this into the Millions.

The daily Drops of three or Four coins are continuing to add up stake, or interest every day. This like anything else takes time and patience, but for all those that are not too bright, or maybe just a little slow, let us examine the slave mentality of working.

You go out to look for a job, you spend an entire day filling out applications, and when you arrive home there are no calls. You get up the next day, and you do the same thing filling out applications.

Let us say you continue this pattern and you get lucky. You receive a call from one of the places you filled out on the first day. You get called in for an interview. You wake up in the morning, putting your best foot forward, and you shower, shave, and wear a good professional business suit. You are ready for the interview.

You take the time to travel to the place and let the receptionist know you are here for an interview. You sit down carrying a folder or briefcase with what you think will be the proof you are suited for the job. Waiting patiently, you are nervous, you start thinking you have bills to pay, and you are praying you get the job.

The manager that will be interviewing you finally calls you in. Let us move to a point where you were lucky to pass the interview. You are offered the job but you have to wait. YES wait. The company will now perform a routine background check which could take up to a week if you are lucky. I have seen them take 2 weeks depending on how many applicants all across the state you live in are applying for different jobs at that time.

You get lucky the background check only took 1 week So they call you in for a drug test. You get in your car and go to the place where the company has the contract to do your drug test. Now you complete that and guess what You have to wait again for maybe 48 hours, or 2 days.

So far you have waited a week and now will be waiting for 2 more days. So let us say you pass everything and you start the job. They offer you $10.00 per hour, but there is one problem You are starting on the first day of the pay period. WOW another three weeks will go by until you have money.

Do you see where this is going. You are going to wait anyway, Then why the heck would you not wait for something that you control and not other people that may not like you because you may be smarter than them and they will eventually try to get rid of you because they are fearful of loosing their job.

Might as well wait and just be happy with life.

Patience is a virtue

Crypto Currency Mining 101

          This blog post is to rebuttal a troll. Yes I already know most trolls are stupid and paid for to discredit anyone, or anything that works for the better of humanity, but Tilp66 or whatever im about to tell you drink more fluoride and become more idiotic as I show you the light.


Let us go to the main passage I always state, “ The People have control over their own money.” Now with that control comes what?...... Responsibility. Self Responsibility is the answer. Now we covered the three jobs or functions mining does to earn coins

1. Production of hashpower by solving math
2. . Secureing the network providing stable security for the peer to peer network
3. and finally accounting by maintaining the open source ledger the Blockchain.


We will be dealing with just the one in this article #1 Production of Hash Power.

This currency gives us the chance to get back to our roots. We were a country and a world backed by production. Lately with the Federal Reserve, bankers, elites we have become a consumers nation. We have not really produced anything until now.

Let us take for an example you have gone to a pawn shop and was lucky enough to find an Alien ware desktop computer quad 7 processor with a radion 720 graphics card added. Here in Las Vegas that would not be uncommon because some people are addicted to gambling and pawn things they have no idea what they had. OK, for the sake of this example you get the computer home set it up, install the mining software and choose the pool and coin you are going to mine with your GPU, graphics card. You do this on Saturday morning, and start the miner and go about your business.

The next week comes around and for the entire 7 days you notice that you made a grand total of $20.00 for the week including the work on the faucets for the assist. This does not mean that Bitcoin does not work. This is production boys and girls. You will be paid the right price for the amount of production of Hash Power you are producing into the network.

Now we know it is our responsibility so we need to first figure out how much a week we need to have to live on. I, just like those that are smart in this game live in places where the electricity and all utilities are included. My rent is $336. every two weeks or $670 a month. This means I need at least $400 a week only for basic needs. Food shelter and clothing. I have other income to buy luxuries, and have fun, but we are not covering that now.

So back to the weekly of $20.00. I know another computer will not produce any more hash power, in fact, it may only double it to $40.00 if I am lucky. So I look for an ANTMINER 460-600GH/s far better than 365 KH/s Now we get an antminer S3 they are not that expensive anyone selling them over $40.00 now is a criminal because of all the super new ones out, that make you convert your plugs to 220. This is why I like the S3.


Ok so if you remember when Bitcoin was getting very popular I said it was like a job if you plan on not receiving a paycheck for the first month you will be ok. Think about it this way. You go looking for a job. You apply online, then 1 week later you get called for an interview. You get an offer, but they are now doing the criminal background check. So far two weeks have passed and no pay yet. The back ground check comes back a week later they schedule for a drug test. 48 hours later you pass the drug test and they get you to start. Your first paycheck will be in two weeks. THAT IS FIVE WEEKS WITH NO PAY. It is the same darn thing.

Now back to the mining. You get the first antminer home set up to sell hash power that pays you in bitcoin weekly. Remember this is all High figuring, but it is an easy example to get you to understand and the math is on tens so it becomes easy to add up. The first week with the GPU, the Antminer, and the faucets as the assist nets you $150 for the week. Now you see the difference but that is still not enough calculate what the Antminer did by itself in production and then you can get an idea of how many more you need to run that if you want to take a trip and not do the fauce6s for a few days it will not matter because the Antminers have the ratio.

Let us just say for easy understanding that you have come to a logical, and mathematical decision based on addition that you only need 3 more Antminers to make what you need. Get them set them up configure them and off you go.

The true moral of this is not the mining, it is the fact that you are in control of your own pay, you alone are responsible. Do you get it now? If you are not making what you need IT IS YOUR FAULT FOR NOT UNDERSTANDING MATH.