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RE: What will be different in 2017 from 2016? (Contest entry.) A Poem About Crypto-World From 2016 to 2017!
I agree. I am interested in mining in 2017 as well.. I have already spent and used $6,000 in crypto coins, And have $1,000 in holdings divided into many different coins. I should be mining, but need to do more research. Which coins are the most straight forward to mine for regular people?
I like how you said apparently richer rewards, even Steemit used this technique, how else do you get people to work for cents.... lol. I dont blame them. It is a great Idea. I think there are already one or two alternatives to Steemit, but like you said, Steemit was first, and people may try out the others, but most people will stick with maintaining as few blogs as possible, unless they decide to use the same material posted multiple times over multiple sites. I think you're spot on with the other predictions.
Gridcoin is the simplest, being the easiest to set up, and least demanding in terms of equipment. After considerable research it was the one I chose because it does not try to sell the project as a road to riches. The value of Gridcoin, in the long run, is derived from its social utility. Like Steemit it encourages the continual value of the coin because it's value is derived from helping scientific research. You can find out more at Gridcoin.us. But, as always it pays to do your own research before committing yourself. My own view is that even if the coin collapses, I would have at least used my spare computations for something useful.
I intend to use the small amount of Bitcoin I have left, to invest in Steem. I only came across Steemit, three days ago because of a casual comment on CryptoCoinTalk.com. So I am still trying to get use to the whole concept of how the community work's. What convinced me was how well written and thought out the Steemit White Paper is. Best of luck with your mining.
ColdMonkey mines Gridcoin through generating BOINC computations for science...
Ok Thanks for the unique perspective. I have been on here since June 2016, but I am still learning things on here, plus people kinda run the platform, so people are always coming up with new systems, websites, and tools within the Steemit site. People have confidence in Steemit because
*It is on the Blockchain (cannot be censored or removed)
*It pays you in Crypto-currency to vote and post
*It is a great interesting community