The good, the bad, the ugly of the Bitcoin Vault.

The good, the bad, the ugly of the Bitcoin Vault, by Rafael A. Vilagut, rafaelvilagut@gmail.com

 

 
With the bitcoin vault the history of bitcoin is repeated, we remember November and December 2013 of the btc and we compare it with August and September of the btcv. My assumptions about the sharp drop in mining rewards and the price of the bitcoin vault. The Explorer should reflect between 15 and 16 EH / s instead of between 9 and 11 EH / s. Who wins? Who loses? Funny episode where the author takes the role of Hercules Poirot or Jaume Vilagut. The biggest challenge of Eyal Avramovich and his team made up of Gregory Rogowski (CEO Mining City), Nuno Lorêto (CFO & Business Relations), Piotr Tylko-Tylczynski (Senior VP Global Business Development), Adam Targos (VP ​​Global Sales), Karolina Mrówka or his deputy (Deputy CEO), and more than 300 employees of Mine Best, Mining City, by Rafael A. Vilagut, San José de Costa Rica September 2, 2020. In difficult times great men resolve and create empires. Bitcoin has been perhaps the most important disruptive phenomenon since the advent of the Internet. It happened in 2008 with Satoshi Nakamoto with Blockchain and Bitcoin and is happening in 2020 with Eyal Avramovich and his team with the Bitcoin Vault.

he majority of the Mining City community, together we grow, is quite worried, if not in panic, about the hecatomb in the price of BTCV, when the really important thing is the hashrate. We can understand better if we analyze together month by month and also contrast with what happens for the first and second days of September. In my opinion, after having mined 200 days, and having written the only book on BTCV (GitHub from bitcoin to bitcoin vault for sale on Kindle-Amazon), it is that the two most important fundamental variables that should affect the BTCV market they are: mining rewards expressed in dollars and in cryptocurrency. Of my own elaboration, I propose to analyze the illustration that I annex with interesting information about BTCV cryptocurrencies in circulation, mining power, price, and mining rewards. There should be a correlation between the global mining power that represents the speed and security of the blockchain and the sales records of terahash of high ranking Mining City such as governors, mayors, chief managers and managers; and no matter how hard I try, I can't find it. 13 EH / s was before August 1, with the record sales for August, they should be 16 or 17 EH / s, today it is 9 and yesterday 11, according to the BTCV explorer, Where are those 125,000 machines? Each machine they are 56 TH / s according to contracts.

The hypotheses about the fall in the prices of the Bitcoin Vault are varied, as well as the main players of this new industry, unknown by many. For the CEO of Mine Best, what happened was this: Some whales sold BTCV. Maybe they needed liquidity. Since then, many traders follow the liquidity trend and try to make a profit. This caused a panic attack and it was sold at low prices. The big fall scared a lot of people.
Therefore, it takes more time to regain your confidence. People will continue to sell BTCV until they are unsure of future growth. Our job is not to let the market stop believing in this new technological project, which does not depend on an MLM network. It depends on its ecosystem and its mining power. BTCV is traded on the real market. Any good news about development, technology, partnerships, Exchange listings, etc., can make a difference. And we will work harder than ever to bring good news soon very soon!

My hypotheses are more in line with a Hercule Poirot by the British playwright and writer Agatha Christie, or the Barcelona commissioner Jaume Vilagut and the reporter Francesc Caldes, protagonists of detective novels and crime fiction. by the Catalan author Rafael Tasis: A whale or a group of dolphins, possibly of South Korean or Chinese nationality, experts in BTCV, their trading and their mining, gathered their mined or purchased BTCV coins, either in Mining City, or more possibly in the privileged group which mined almost three million before the massive mining of Mining City. The Mining City opportunity, in addition to mining, offers juicy sales commissions of up to 35%, I am going to refer to only two, the collection of $ 200 per cycle and the commissions for rank change. At the peak of the value of the currency, the daily price of BTCV according to CMC was USD 491.30 on August 7. At the time of writing this episode, the price has dropped to USD 126.41 9/2/2020 at 1:23 AM in Costa Rica, which shows a loss of -30.89% compared to yesterday in dollars and -27 , 31% expressed in bitcoins. This is -74.3% from its highest value, nothing abnormal in this ecosystem, if we remember what happened to the price of BTC in the month of November and December 2013.

Then a cycle of 200 dollars, at the highest point of the BTCV market it was 0.407 BTCV, instead today it is equivalent to 1.582 coins. A person who became Chief Manager, in the month of August, is going to charge in September, suppose that at today's price a bond of USD 50,000 equivalent to 395,538 BTCV, if we calculate it at the August maximum, he would only have charged 101,771 BTCV, then ¿ Who does falling prices favor? Certainly not an investor person or the ordinary trader who does not risk more than 10,000 dollars, but the miner who is going to be in the medium and long term and the hodlers of the currency. It is there where we must look for the cause or those who caused the market to collapse "temporarily" about 5 weeks after having been 20 weeks in the green until July 27. According to my interpretation, spinning much finer, it was a brilliantly executed plan, of several dolphins or a whale of btcv, which, if they knew exactly what they were doing, and not how the Executives of Mine Best and of Mining City, Eyal, Emanuel and Greg whom I admire and respect. The past is over, let's see the opportunities for everyone, regardless of current circumstances, age, gender, skin color, etc., of this interesting opportunity, a window to make very good money with the semi-decentralized project called Bitcoin Vault, only currency that complies with the DDMS standard of the WDMO.

There has never been a better time to mine and buy your machines with either BTC or BTCV and have 1200 days of rewards collections, according to the latest news published in the back-office on September 2: Dear community, The celebration of the first anniversary of BTCV! keep going! The Mining City family has been around during its creation, development, introduction of exchanges and rapid growth. For our community, the BTCV anniversary is a great occasion to celebrate! We remind you that due to this happy occasion we have presented the BTCV Anniversary Promotion. We provide them with an additional 100 days of mining services added to the BTCV mining plans that were purchased between August 26, 2020 and the end of the promotion period. But there is more! Due to your strong interest in the promotion, we decided to extend your terms. As of now, you can get a total of 100 days of mining services added to BTCV mining plans that are purchased with BTC or BTCV. We decided to allow you to pay for the plans also with Bitcoin for your convenience and to increase the reach of people who can benefit from the promotion, so from today (September 2) at 17:00 UTC the purchases of BTCV Mining Plans that are made with BTC and BTCV will be part of this promotion. Please note, however, that this is a limited time promotion ending on September 16 at 19:00 UTC. Sincerely, The Mining City Team.

Regarding the question about where are 125,000 BTCV mining machines, product of the difference between 9 and 16 EH / s, for the moment the answer is not worrisome. Mining City and Mine Best enjoy a constant flow of money from sales and 20% is dedicated to pre-mining, this is to pay rewards after ten days of signing the contract, even if the machines do not exist. Where does the 16 EH / s come from? On August 1, the BTCV explorer reported 12,927 EH / s on August 17 it was the maximum of 13.24 EH / s. If all sales correspond to the Mining City pool and its suppliers, KnoxPool and Mine Best, then the August sales estimated at 360 million dollars or 3.6 EH / s added to the 12.9 of August 1 add up to 16.5 EH / s . What we should see in the BTCV explorer are fluctuations between 16 and 17 and not between 9 and 11 EH / s. It seems to me that the one who can give the best explanation is the Finance Hierarch Nuno Lorêto or one of the vice presidents: Piotr Tylko-Tylczynski, Adam Targos (VP ​​Global Sales), and Karolina Mrówka, perhaps Eyal himself. I am Rafael Vilagut, founder of the 2nd Opportunity Movement. September 2, 2020. To start mining use the link and follow the instructions, thank you very much. https://me.miningcity.com/referral-register/tico