United States, November 18, 2020, ZEXPRWIRE, The Winklevoss twins are bringing Bitcoin Billionaires to the silver screen along with former Warner Bros. president Greg Silverman.
Stampede Ventures — a production company owned by ex-Warner Bros. president Greg Silverman — has partnered with Cameron and Tyler Winkelvoss to produce a movie featuring the brothers’ story as portrayed in the best-selling book Bitcoin Billionaires.
According to the report published on Deadline, Silverman will be co-producing the movie along with Jon Berg, known for his work with superhero blockbusters such as Wonder Woman and Aquaman. Bitcoin Billionaires was written by the American author Ben Mezrich in 2019 after the Winklevoss twins became crypto billionaires.
There are two ways to acquire Bitcoin, either by buying the Bitcoin or “mining” the bitcoin. To “mine” Bitcoin it requires powerful computers that are awarded for processing the payments and maintaining a ledger of the transactions. The costs to run these include the cost of the computer/ASIC miner, electricity cost, and time. Crow Mining makes this possible for the everyday person by providing the opportunity for people to just purchase the machine, then Crow Mining will run the machine for them, provide engineering support, low electricity cost that is taken from the profits, and 24/7 security. They don’t have any monthly bills to worry about, just the upfront cost of the system. This is as close to passive investment as it comes.
Bitcoin mining is a highly volatile investment. Historically, returns have ranged from 1%-15% per month, which makes it difficult to determine ROI on a forward-looking basis. The two main components of calculating ROI are the bitcoin price and the network difficulty. Because it is impossible to predict both of these, clients can only estimate returns based on beliefs of where price and difficulty will be. They encourage clients not to look at ROI from a static perspective, mining is volatile.
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