Five regular people who became rich because of Bitcoin

How much money can you make with Bitcoin? In the following we want to introduce you to five people and their story of Bitcoin and becoming famous.
The person who made the most money is Roger Ver aka Bitcoin Jesus. He is the richest bitcoin millionaire with $52 Million. To be fair he was already a wealthy man when he started to dig into the Bitcoin business. He is investing into Bitcoin Startups and is known for making many donations.

His friend Charlie Shrem made $45 Million with Bitcoin and Roger Ver invested into Charlie’s BitInstant. This company was very successful and was founded by him with only 11 years. So Charlie started investing into Bitcoin at a very early stage, when the price was still very low. Unfortunately Charlie ended up in prison because of money laundering in The Silk Road online black market. When he got released in 2016, he started Intellisys where he is selling investment portfolios in blockchain companies.

Another person, who made really good money with Bitcoin is Dave Carlson with $35 Million (he reported he was making $8 million per month in 2016). He is the founder of the mining company MegaBigPower. This company is very successful and he is leading it from his personal basement.

Jered Kenna made $30 Million. Like some of the other Bitcoin-Millionaires, he invested at an early stage (the value was 20 cents). He sold his coins when each bitcoin was worth $258. He is the founder of several companies: Bitcoindark (mining pool), a craft brewery in Colombia and 20 mission collaborative workspaces for entrepreneurs in San Francisco.

The last two people we want to introduce to you are the Winklevoss Twins. The brothers were one of the earliest investors and they also became the first ever bitcoin millionaires. They earned $11 Million by investing into BitInstant Bitcoin in 2013, and founded the company Winkdex (tracking the average price of Bitcoin). In 2015 they opened their first Bitcoin exchange in Gemini.

What Happens to Bitcoin After All 21 million Are Mined?

The cryptocurrency Bitcoin is a limited and finite supply. That means, there will only ever be 21 million bitcoins ever produced and being able to mine. On average, these bitcoins are introduced to the Bitcoin supply at a fixed rate of one block every ten minutes. 2140 is supposed to be the year, where all Bitcoin is mined.  In February 2021 18.638 million bitcoins have been mined, which is equivalent to 88.3% of the maximum supply. So, there are 2.362 million left.

  •  While there can only ever be a maximum of 21 million bitcoins, because people have lost their private keys or have died without leaving their private key instructions to anybody, the actual number of available bitcoins in circulation could actually be millions less.
  • What will miners do when all the Bitcoin has been mined you might wonder. When the circulation supply reaches its maximum, miners will not receive any more block rewards. Instead, they will receive transaction fees. That means they will still be able to interact and participate in the block discovery process, only their reward will be different.

At the moment transaction fees make up a small proportion of a miner’s revenues, since miners currently mint around 900 BTC a day, but earn between 60 and 100 BTC in transaction fees each day. That means transaction fees currently make up as little as 6.5% of a miner’s revenue, but in 2140, that will change to 100%. Which will be a big difference.

Reasons Bitcoin Mining is Profitable in 2021

Things like changing news and trends about cryptocurrencies and so many new currencies and platforms appearing on the market might make you wonder whether bitcoin mining is still profitable in 2021.

Here are some reason why we think it is:

1. Though it was literally a rollercoaster the last couple of years, Bitcoin is still the most stable, valuable, biggest and most popular decentralized cryptocurrency.

2. Mining equipment is more easily obtained.

3. Simple example: If you mined just one Bitcoin block in 2010, and you held onto it in your wallet, you would have had $450,000 worth of Bitcoin in 2020.

4. You can use web-based profitability calculators to check the cost-benefit equation.

5. In 2021 Bitcoin is still growing, and it is easy to observe the upward trend. Important fact here: it is becoming a trillion-dollar asset this year.

6. The ability as an individual of joining mining pools is a good reason too if you are worried about how to compete against mining mega centres, and it can put your personal profitability in reach.

Which country invests most in Cryptocurrency?

Ongoing research is showing that most developing and well-established countries are on the top of being interested in investing into cryptocurrency and blockchain technology, and the digital market is progressively attaining momentum with growing trends worldwide. Here is the most investment happening. US investors gained most while India for example ranked pretty low.

At the moment, countries like Japan and the United States are topping the rankings for accepting and implementing cryptocurrencies.

The rise in 2020 of Bitcoin has minted scores of crypto millionaires, and the study shows that US investors have benefited the most, followed by Chinese traders who gained $1.1 billion.

The report also noted that the number of countries, appeared to be punching above their weight in Bitcoin investment as compared to their rankings in traditional economic metrics.

India, which has the fifth-largest economy with a GDP of $2.9 trillion, ranked only 18th in Bitcoin investment gains at $241 million, according to Chainalysis. Reason for that might be, that the Indian government was planning a blanket ban on cryptocurrency.

Things to know about Bitcoin

In the following we will provide five facts about the cryptocurrency Bitcoin you should definitely know.

  1. The inconsistency of the price
    The Bitcoin price is very volatile and not consistence. Which means it can decrease and increase over a short period of time and keeping and trading Bitcoins is still pretty risky.
  2. Transactions are irreversible
    Bitcoin payments can only be refunded by the receiver and cannot be reversed once done. Consequentially it means you should always be careful and check the trustworthiness and reliability of the business or person you are interacting with. Usually, it is not possible to make transactions with invalid addresses by mistake.
  3. Privacy and Bitcoins
    Bitcoin is not anonymous and it needs a bit of work to protect your privacy. The storage happens public, though the user remains anonymous until information gets revealed through a purchase.
  4. Importance of confirmation
    It takes around 10 minutes for a transaction to be confirmed. Unconfirmed payments are not secure. The confirmation score shows how hard or easy it is to reverse a transaction.
  5. Government involvement
    The cryptocurrency Bitcoin is not an official currency which means often it is still required to pay taxes (income, sales, payroll, capitals gains) on your Bitcoin. It is each users own responsibility to make sure to check and pay taxes and other legal regulations by the government.

What Cryptocurrency has the most potential?

If you are thinking about buying, investing and trading cryptocurrency soon you have over five thousand options to choose from at the moment. In the following we want to help you making a decision that you will not regret.

Your first steps should be organizing a source to buy whatever cryptocurrency you chose to buy and get a wallet for storage.

When you did all the preparation you should start doing your own research about the different cryptocurrencies. Try focussing on the historical performance, liquidity, market cap and technology.

Our top three of cryptocurrency that has the most potential:

1. Bitcoin

– original and well known globally

– highest liquidity value

– about to become fully decentralized

– accepted as payment from many companies

– actual price: ~ 47.000 USD

2. Litecoin

– good market capital and liquidity value

– faster than most cryptocurrencies

– growing popularity

– actual price: ~ 180 USD

3. Ethereum

– allows developers to create desktop and mobile decentralized applications powered by blockchain technology

– very stable

– actual price: ~ 3.500 USD

Other cryptocurrency worth having a deeper look at: Cardano, Binance Coin, Ripple, Dogecoin, TRON, Bitcoin Cash, Zcash, Tezos and MakerDAO

How to Choose the Best Bitcoin Mining Hardware?

The market is full of advertisement for Bitcoin Mining Hardware, so it can be very hard to decide what is the best choice for you.

In the following, we want to help out and will introduce you to our Top 5.

1. Canaan AvalonMiner 1166 Pro

  • 78 TH/s (+/-3%) (under the power of 3.400 W (+/-8%))
  • Running algorithm: SHA-256

2. BITMAIN Antminer S19J Pro  + PSU

  • 110 TH/s (+/- 10%) (under the power of 3.250 W (+/- 10%))
  • Running algorithm: SHA-256

3. BITMAIN Antminer S19 + PSU

  • 95 TH/s (+/- 10%) (under the power of 3.250 W (+/- 10%)
  • Running algoriyhm: SHA-256

4. MicroBT Whatsminer M31S [76TH/s]

  • 80 TH/s (+/- 10%) (under the power of 3.360 W (+/- 10%)
  • Running algorithm: SHA-256

5. Canaan AvalonMiner 1246

  • 87 TH/s (+/- 3%) under the power of 3420 W (+/-8%)
  • Running algorithm: SHA-256

We hope you will find the best Bitcoin Mining Hardware that will suit your needs perfectly. If you need any more information, visit!

About Bitcoin

Bitcoin is a digital or virtual currency. Mostly called cryptocurrency.

It can be used to purchase products and services and do financial transactions. Bitcoins are protected and stored in digital wallets (mobile apps on smartphones or computer programs).

If you send or receive bitcoins, it is recorded in a public list, the blockchain.

Bitcoin Mining
Furthermore there is the possibility to do bitcoin mining. In this scenario it is possible to earn cryptocurrency without paying money for it. Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions which are added to the blockchain. In other words, it is the process of creating new bitcoin by solving a computational puzzle, which is so complex that it is performed by high-powered computers.

Mining Hardware
We want to introduce you to some mining hardware.
A well known ASIC (application-specific integrated circuit) -which means, it is a device that is designed for the sole purpose of mining and constructed to mine one specific cryptocurrency- the hardware series is Antminer, which is highly recommended for mining cryptocurrencies. It is well known in the blockchain community. Interesting products:

• BITMAIN Antminer S19 Pro
• CANAAN AvalonMiner 1246

Miner Hosting
When you host your servers, you basically use the colocation center to host your ASIC miners. You can send your miners to our centres, and we will set them up, and get them working. We also take care of the maintenance.

Find out more here.