Mining Cryptocurrency, The Millennial Gold Rush...

Gold backed cryptocurrency.jpgThe California Gold Rush of 1849 unveiled a most precious treasure, driving masses of people west to mine in search of the elusive cache. The release of Bitcoin sparked an avalanche of intrigue among the international cyber community. When its mining opportunities went public in early 2010, a curious comparison can be made between the original gold rush craze in the 1800s, that of Bitcoin. Mining Bitcoin was fairly accessible and low-cost in its early stages, as was gold. As time progressed, people rushed to investigate this new technology and its fiscal capabilities heightened, thus mining Bitcoin was not so easy...or cheap as it had once been. Similar outcomes can be observed during the gold rush, as scores of people traveled west to mine, the machinery and land had become increasingly more valuable. The computing power necessary to mine Bitcoin became ever increasing in demand, requiring top performance graphic cards, alongside several other expensive hardware additions. As more gold was mined the price rose, the same thing has happened to bitcoin. The gold rush of our generation unfolds as individuals indulge in their crypto curiosity. iu.jpegThere are still a handful, if not dozens of Atl-Coins on the market under $1.00 that have the potential due to their real world application, to soar in price, while making people thousands of dollars in profit. For those indubitably more insightful than others in Alt-Coin potential, the possible return could equal millions. The Gold Rush of the 1800s was one of the most intriguing opportunities of the century, and now we are in the midst of this century's Gold Rush...and cryptocurrency is the new gold.

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