<center>![steemit-miner.jpg](https://steemitimages.com/DQmRtYfmq2k2qzMStqmp5TYHEjUDssNSKySnKU6CEaBaLka/steemit-miner.jpg)</center>
<center><h1>Easy Peasy Bitcoin Mining</h1></center>
In an earlier post regarding [Bitcoin mining](https://steemit.com/bitcoin/@streetstyle/if-you-are-thinking-of-mining-here-are-some-things-to-consider-crypto-currency-mining-part-i), I explained that I had started virtual cloud Bitcoin Mining on [Genesis Mining](https://www.genesis-mining.com/a/959048) as of some 20 days ago in this [Steemit Post](https://steemit.com/bitcoin/@streetstyle/official-bitcoin-miner-with-option-to-mine-ethereum-dash-zcash-or-litecoin-til). I started with the 15TH/s Bitcoin mining contract for .67btc. I have since received about .089 BTC. This comes out to about 13% of the initial Bitcoin investment which started June 9, 2017. I am actually quite surprised that the mining is actually doing this well, but as I have stated before, it seems as though the Bitcoin Network Hash Rate and Difficulty are not rising as quickly as usual. I my opinion, this is a good thing for most if not all Bitcoin miners. Although it might mean that Bitcoins and Bitcoin Blocks take longer to "mine," it also means that the hardware [EOL](https://en.wikipedia.org/wiki/End-of-life_(product)) will be extended. In the Bitcoin world, that extra time allotment means a better chance at break even or extra profits. 

<center>![Screen Shot 2017-06-30 at 5.13.19 AM.png](https://steemitimages.com/DQmdMKjgLQzXtYAWUsmEQqgqQpLesoserNMTpH7CxMaYcN9/Screen%20Shot%202017-06-30%20at%205.13.19%20AM.png)<br>This is a chart showing the mining payouts</center>
<center>![Screen Shot 2017-06-30 at 6.12.55 AM.png](https://steemitimages.com/DQmaAE2Cv8uoqQhmKGy2H2wg4bNf33J4Jh3a4FYVKevDV4D/Screen%20Shot%202017-06-30%20at%206.12.55%20AM.png)<br>This chart shows the Bitcoin Network Hash Rate for the last 60 Days<br>Notice the rate increase in almost flat</center>
<center>![Screen Shot 2017-06-30 at 6.16.34 AM.png](https://steemitimages.com/DQmSHdwDjXVgJrpTy94mcTpLuoDUSy1CseyeDuuvK6Ewyja/Screen%20Shot%202017-06-30%20at%206.16.34%20AM.png)<br>Notice here Time Between Blocks is greater than 10 minutes<br>Bitcoin is designed so that the miners find a Block every 10 minutes on average</center>
<h2>Good Signs</h2>
I believe that these 3 charts all indicate a good entry point into Bitcoin mining. I was skeptical at first but am now more optimistic about investing in Bitcoin mining. The next crossroad will be the August 1st date when the Bitcoin network is to decide on the next Bitcoin update. This is the only dark cloud on the Bitcoin horizon. I am not sure what Genesis-mining is planning to do if there is a Fork, but you could change your mining allocation to a different coin such as Litecoin, Monero or Ethereum. That is the extra cool part of mining with Genesis Mining.

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Full Steem Ahead!
06/30/2017
@streetstyle
[![](https://steemitimages.com/100x80/http://steemitboard.com/@streetstyle/level.png)](http://steemitboard.com/board.html?user=streetstyle)<br><br>So You Want To Mine Bitcoin?
<center><a href="https://www.genesis-mining.com/a/959046"><img src="https://steemitimages.com/DQmarn5BsqjMSgRB4wLyqf8v5nmRGhBQRQLhbhx8wNj39zG/GM_LS-Banners_150x150px.gif"/></a></center><center><br>Code  <b>rT5ix8</b>     =3% off + Bonus in STEEM!<br>I provide the bonus STEEM</b></center>  

<h2>sources:</h2>

Charts from Genesis-mining and [Blockchain.info](https://blockchain.info/)