1. Crypto Mining
Presented by:
803Mine.com &
TheCryptoMiners.com

7. From trading to mining Production versus purchase Monitor prices
Begin building miners and expanding to the “alt coin” markets
Created BitcoinProTrader.com to record prices and data

8. Bitcoin mining Bitcoin Mining v Gold Mining
Use computers and programs to calculate Hashes
Hashes = Attempts to create a successful Block
Block = A record in the Blockchain
Block Rewards = A set amount of new coin / block + any network fees during the block
Mining Pools = Shared work = Shared Risk / Reward
6 Confirmations = 6 Sigma Event
More miners = Safer network = Prevent Double-Spend
*NOTE* Mining is NOT required to use crypto-currencies and very few users are miners due to high barriers to entry on a medium/large scale

9. Bitcoin total supply

10. The start - Cypress Bailout
Bank Accounts Frozen
Money removed from accounts
Precedent

11. MoneyGram / Western Union
How hard was btc to buy?
MoneyGram / Western Union
Delivery Risk
No Supply
Checking Accounts
Arbitrary Minimums Globally
High fees
Scams
Butterfly Labs
Mt. Gox

12. FinCEN 2013 Ruling
Ruled Bitcoin did NOT constitute a “Money Service Business”
“…is a medium of exchange that operates like a currency in some environments, but does not all have all the attributes of a real currency”
BIG WIN FOR CRYPTO
Signals Bitcoin is “its own money”
No physical form = no illegal act (ie: Liberty Reserve)
Solidifies the legality of BTC and starts the price increase

13. Cypress bailout creates wave 1

14. Created Bitcoinprotrader.com

15. Elliot waVE

16. Elliot wave 2

17. Our 1st Edition 2012 Litecoin (LTC) Miner

19. Investment in production
Miners as a way to convert the product (coins) into a production asset
The production asset will deliver the product over a certain time frame
Scaling
Barriers to entry
Network Difficulty
Profit in coin versus USD

20. Challenges and risks Scalability – Very difficult to scale Power
Hardware
Cooling
Ventilation
Currency risk
Network Difficulty
Delivery Risk

21. Not for everyone *Insert Burnt Power Cord Pic* Blown fuses Electricity
Capital Intensive
Only Crypto Payments
Complex
Difficult to operate
Many purchase hash power instead of owning equipment

22. Created 2 products Coins Hash Power
These are not necessarily mutually exclusive
Hash Power can be sold, at times, >100% of what the production is!
Illustrates imbalances between coins
Solo versus Pool mining
Network difficulty not a 1:1 ratio for decline in profitability (in coin)

23. Where are we headed? BTC vs Gold
In this above historical chart of gold, we find a clue to the future value of BTC.  We believe that Bitcoin is trading similar to a commodity (such as gold) and given a market's tendency to rhyme, we believe this to be a solid target for the end of this Major wave 3.  That gives us a price target of 696 which is exactly 261.8% the amount of the prior high of 266 for BTC/USD.  The 261.8% is a result of Fibonacci numbers - an analysis commonly used for stock and commodity trading.  Further more, the October 24th decline stopped at the 61.8% retracement level, a level that is considered major support by stock/commodity/FOREX traders.  

24. Price of bitcoin = gold Ounces vs tonnes => BTC vs mBTC
Published in 2013 – Figures Updated for Today’s Values
Bitcoin Supply = M BTC
As a long-long term prospect, we believe Bitcoin could replace gold as the standard for "inflation hedging" . Here is our math: The total value (in USD) of all the gold in the world estimated at  $7,800,000,000,000!  Taking that amount and dividing it by the total supply of Bitcoins ( Million BTC)  => 7,800,000,000,000 / 16,463,000 = => $473,789 per Bitcoin
The maximum supply of Bitcoin will reach 21 million in the year 2140, so using the same math, but over 21 million Bitcoins =
=>$371,428 per Bitcoin

25. Ethereum, litecoin, & others
Gold
Silver [Ratio]
Platinum
Back to mining => as the cost of production increases, miners will sell at higher prices, moving the commodity value increasingly higher.
Known rate of supply
Quantifiable cash flow streams
Developing applications

26. Purchasing power of the u.s. dollar

27. Success stories 1000 Ether @ $10 3000 LTC @ $16
- Rick Owner of Several Liquor Stores in NJ
Success stories
-Bought 500 $250
-Bought 10,000 $4
Dr. Hylbert MD
-500 $10
Alvaro – Domino’s Delivery Driver

28. 803MINE.com – Building the 100 million dollar mine