Good day good people
Let me explain myself and the caption to the picture.
In the old gold rush days in California and Johannesburg South Africa, a gold rush started when 1 person with a pick, shovel and maybe a gold pan, staked a claim of land and started digging, or with the pan he found a bit of river which he staked and started panning for gold. Everyday they worked hard to try and find the motherlode, but more then likely either they didnt strike any gold, or the little they found was stolen by a bandit, but very few of them got rich. The ones that got rich were the guys buying the gold from the prospectors and reselling it at an inflated price, but at the bottom was the little guy with his pick chopping away hour after hour and barely making enough to survive.
Along came teams of miners and started mass mining, digging deeper and faster and getting the rewards faster then the single person on his own.
Then eventually rigs like this were invented:
And the man and his assistant were made redundant. If they didnt join the big boys they gave up.
This is what the top picture is, on its own, it is a prospector hoping to find a reward of a little bit of gold to pay his way. You may be lucky and have 5 or 6 of this guys running in the blockchain and maybe once every 2 or 3 months or more if you are really lucky, you get the rewards of 12.5 Bitcoin.
What you really need to be successful in the blockchain is this:
This is the equivalent to the coal miner further back. These are the guys earning the coins on a regular basis and being able to pay out to shareholders. There are thousands of machines here, each machine worth about $2000, just for the hardware, and that does not include extra infrastructure like cooling and electricity. They reckon it costs about $5000 to mine 1 bitcoin now. So these guys have got 1000s of miners running. You can see who the big dogs are in the blockchain at btc.com and look at their hashing power, if you do not have at least 500ph of power you are wasting your time.
Further to that, with difficulty levels built in and reward rates you just cannot promise a guaranteed payout in bitcoin, it is virtually impossible, unless you are one of the very top guys but even then, nothing is guaranteed.
If you would like some more information on how you can join one of the top 10 mining outfits in the blockchain, drop me a mail from the contact list on this website, or join me at http://bit.ly/2KlSsYr to learn m ore
As it is friday, have a great weekend friends
Cirram