I have spent all my extra time on a new concept. The new coin will not be based on mining or hashnest.
It will be a trading coin, I have identified a trading concept that will yield 2-3% profits on trades - Planning on trading twice a week to bring it to 4-6% per week.
Pros: Little risk of value drop due to mining dificulty increases, cost of hardware going down rapidly, The coin ignores the price of BTC to an extend as $50 USD will be held in hand.
Cons: 50% of total value will need to be held in BTC and BTC value can decrease quick quickly, (it can also surge upwards quite quickly) International exchange - can be hacked, USD will be sent to an exchange to buy BTC, the risk is relatively low as the USD will only be on the excahnge for a few minutes. (buying and selling BTC will be simultaneous
Basically the limit for the trades will be
$2 000 held in BTC and $2 000 in USD to begin with, Meaning the coin will have a total value of $4000 only. This might increase to $6000 later.
$4000 with a profit of 4% - 6% per week, This be my own personal way of investing/profiting from Bitcoin. Mining has burnt me too many times with all the crappy diff increase and rapid drop of hardware miners.
More details to follow. For now payouts inbound.
