That’s a total of $43,867.97 – not bad for a $3,000 investment! That means that, with a $1,000 investment in each of these currencies on January 1 st, at today’s values, your 1.041 BTC would be worth $2,721.14, your 122.39 ETH would be worth $35,040.25 and your 20.622 ZEC would be worth $6,106.58. At the time of writing, 1 BTC is worth $2,614, 1 ETH is worth $286.31 and 1 ZEC is worth $296.12.On January 1 st 2017, $1,000 would have gotten you 1.041 BTC (1 BTC was worth $960 on January 1 st), 122.39 ETH (1 ETH was worth $8.17 on January 1 st) and 20.622 ZEC (1 ZEC was worth $48.49 on January 1 st).So let’s get down to the real question – why should you care about cryptocurrencies and mining? The best way to answer this is through actual numbers, so let’s consider that you invested $1,000 on January 1 st in each of the three most popular cryptocurrencies out there: Bitcoin (BTC), Ether (ETH) and ZCash (ZEC): One of the best examples of such currency, and probably Bitcoin’s fiercest competitor, is Ether – a cryptocurrency that is trending right now and has seen a massive growth over the past few months, which made it one of the most interesting options for miners. Cryptocurrencies that do survive, though, start gaining popularity, and are in for the long run. There are well over 100 cryptocurrencies available at the moment, with numerous new ones being born almost on a daily basis however, most of them are just poor copycats of Bitcoin, adding no real value to the market, so they fail to get traction and eventually die within days, weeks or months, at best. Bitcoin may be the most popular, but it certainly isn’t the only digital currency making waves at this time.
When you hear the term “cryptocurrency”, probably the first thing that comes to mind is Bitcoin, the most popular cryptocurrency out there.
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