“One of the primary risks for a bitcoin miner is the time required to obtain hardware and the notion that with an exponentially growing bitcoin network, every extra delay dramatically affects the ROI of the would-be miner. Entering into a futures contract could mitigate a significant amount of that risk. One place to find such products is iCBIT, a bitcoin and bitcoin derivatives exchange. Those who buy a contract would benefit if the network difficulty increases more than expected by the expiration date and those who sell a contract would benefit if the network difficulty increases less than expected.”
Hedging Bitcoin Mining Investments with Network Difficulty Futures
- Post author:The Freedom Watch Staff
- Post published:August 2, 2013
- Post category:Network Archives
Tags: Alternative News, Bankocracy, Bitcoin, CLibertyC, constitutional liberty coalition, economic Trends, Entrepreneurship, for life and liberty, Investment/Trends, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
News before it is news for the resistance from a trusted correspondent.
The Freedom Watch Network