Tuesday, January 12, 2016

Your Home Office of Mint

 When we recollect our pupil times, we can easily image the familiar scene that our parents would reply sadly, "Hey boys or girls, I haven't the money printing machine." toward us who urged them to give some money for the boy or girl scout entry or just playthings nearly every morning in the doorsteps.

 But thanks to the computing power and the electricity, the people become to be able to create and circulate the money, that is crypto currency, the BitCoin and the alternative coins.  The bitcoin and the alt coins is the virtual electronic money that is given as the compensation to the 1st finder of the decryption value of the summery of the decentralized and encrypted public record of all the transaction acknowledged by the majority of the participants in the certain span of time and the 1st finder lets circulate.


 It was true, for our ancestors have not had the mint since the history began. It has belonged to the king, the queen or the nation. 

 The unprecedented era has just opened, when the common people such as Mr. John and Mrs. Smith can make their own money and circulate it by giving it for the commodities and the services that is rapidly increasing and enlarging, year by year.

 With saying above, can a certain people mint the electronic money in realities? It is said to have been possible at the desktop computer in the very earliest period of bitcoin mintage advent. Such a sole or solo mining has actually ended in a brief time. Nowadays, none dare to do so due to the ever increasing difficulties and cost. The latest trend is the introduction of the professional cloud mining company who gather the investors. The honest company returns the fruit, the produced crypto money periodically to them, deducting the manufacturing cost of the hard and soft wares, the electricity and the administrative man power. 

 In the long term, these mining companies will repeat tides according the principle of the capitalism while the giant banks and even the nations will snoop into, feigning unknowingly and plunge into, as the private capacity.

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