No, im not mistaken the names of so much by my calculations has to date earned on gullible suckers those who created, brought to market and successfully promote this wonderful pyramid of the xxi century. the birth of the pyramid so we decided to make and we have the money to develop and correctly to make the cryptocurrency market (a few hundred dollars will be enough). At first it looks like child's play. The beginning of 2009. No one knows that after 8 years people will go crazy and kill for some bitcoins. While nanosysteme system allows every hour to generate them tens and even hundreds (the ceiling for that time 300 bitcoins per hour).
In fact, the developer of the system until no more there is no one and is the monopolist in production amount of cryptocoins and their consumption. But there is no benefit. Any mmm starting to make money, if we start to bring in new members willing to invest their money in it. And then they are ours. First, we give them the opportunity to earn. First billion profit we all remember that in the first generation of coins was produced on the chip graphics card and it all happened exactly as long as the market is not there are special devices for mining, the integrated circuit (asic).
Today already there is no sense to use for the production of cryptocurrencies specialized equipment. It just ruin you with their inefficiency. but specialdevice cost money, and the energy that they consume. And this circumstance brings you the first money. Let's imagine that you are developing bitcoin or assessing its potential and has invested in power generation in some countries of the world, and created in China, the production of special chips for mining. You a monopoly on sales of chips have a 10,000% gain.
But at the same time 30-50% get from the sale price for hashing power. those who have decided to invest in the equipment, and they can understand, as the rate of profit of 100% per year and more than a little where possible today, you pay not only personal expenses but also give you the opportunity to buy up a significant part of the "Well-established" coins. And they as lenya golubkov from advertising mmm bring you your money. So, the initial suckers, let's call them "Slaves" have provided you an initial breakeven of your business. At maximum so the scheme works. You profit from buying up a significant portion of the cash of bitcoin, and the system gradually drawn millions of new comers to earn quick cash. at the end of 2016 system bitcoin had a market capitalization of 10 to 15 billion dollars and you personally have fell of them a couple three billion in the initial investment gives a profit of approximately 100-200% per annum. This could be and stops.
But you are a gambling man, and even with ties, but because you start playing big. At this point in the bitcoin system already generirovanie approximately 75% of all possible coins, of which say half belongs to you and you and affiliated entities. You know, working on the old scheme you have for 3-5 years can earn a further five to ten billion dollars, but what if a true player always plays to the maximum. Especially since you already own all the money back for a long time and are in the red, never will be. So, you trigger an accelerated increase in the price of bitcoins and spin it all in the information sphere.
Chasing fast and easy money in the system bitcoin rush in the first place dirty money (think of how many ukrainian politicians have shown their income in bitcoins in 2017) and beyond. Look at this chart. On it we see that over the past year, bitcoin exchanges, the circulation of coins increased by orders of magnitude and you having the ability to manipulate the price were able to sell at the highest price (and at the peak of bitcoin daily turnover accounting for more than $ 20 billion). So, you earned another $ 100 billion and can now proceed to the third and final step of earning money. And it's grandchildren at "Stilettos" you begin to play at this exchange, as on a conventional stock market, and at the same time don't forget to continue to skim the revenue from sales of chipsets and. Of electricity, which at this stage comes to the fore. the bitcoin system is designed so that the generation of each new block of bitcoins need to spend an increasing amount of electricity.
And consumption growth is at an exponential rate. Here's what it would look like if growth trends, 2017 will remain and further: that is by january 2020 to meet electricity demand for mining world consumption of electricity will have to double. No, i'm not mistaken, it is doubled. Today the government of iceland has the alarm. According to the statements of managing company "Hitaveita sudurnesja" johanna snorri's sigurbergsson, if current trends do not change by the end of 2018 the amount of electricity consumption by minimalframe will be higher volumes of electricity consumption the rest of the population, which will require the introduction of restrictions on consumption. but this is technically impossible, as it is impossible to increase this figure by 10-20% over the next year.
But because the saturation of the market of mining bitcoins will come to a maximum of one year. To generate a new coin will be virtually unprofitable to the system very quickly burst. Yes burst, because bitcoin is nothing. It is a pure pyramid is the economic meaning of the existence of which in many respects will end with the mining.
For some time this system, as the brainchild of mavrodi will live on to remain faithful to her the fuckers, but it will be agony, which nothing in the fate of bitcoin will not change. .
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