Understand Bitcoin and you will have a better understanding of ALL crypto currencies especially STEEM

Where do bitcoins come from?

With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange.

This provides a smart way to issue the currency and also creates an incentive for more people to mine.

Mining for Bitcoin and other Digital Currency is profitable as long as the mining operation continues to expand and maximize efficiency.

EACH mining pool offers miners the opportunity to purchase shares in exchange for a percentage of all Bitcoin mined from the pool.

We are in a great situation to capitalize on the exploding Digital Currency movement and as a member of our network, you will be able to take advantage of our expertise and unique business models to earn real profits mining crypto currencies.

Steem is one that I think has the potential to be as big if not bigger than ethereum.

Just from today's market cap $ 3.50 (58.42 %)
0.00529232 BTC (60.27 %)
Website
Explorer
Announcement
Mineable Currency
Market Cap Volume (24h) Available Supply Total Supply
$ 288,206,940
435,924 BTC
$ 1,962,430
2,968 BTC
Available supply 82,369,080 STEEM
Total supply 99,343,174 STEEM

The price jump was actually a small $7,000 purchase that led to a jump in price.

Because their is a limited amount, a purchase of this amount will jump the value up substantially also leaving it vulnerable in ways for others to sell , sell, sell as fast as it went up, so be careful before jumping into purchasing a crypto currency.