Who? Me? Second?No Politics. Second and last Warning.
Oh, Oh!
Who? Me? Second?No Politics. Second and last Warning.
Funny I think BTC is the most obviously useful crypto of all.FYI- BTC is garbage. What’s the use case? An asset for hedging against inflation
Basic rules in crypto include never keeping it all in one place.Alternatively .. I have a friend who is rediculiously bright. Like streight A student with several masters and a doctorate.
He had all his positions hedged, and was making steady £50k a month for years.
Put deposits down on houses and then drew down the equity from them and reinvested in crypto.
Moved his money from one exchange to another and was sent a false link by a scammer one day. Fake home page to the exchange.
Lost £4 million.
Impossible to get back.
Sent details to police who basically just laughed.
Out of curiosity, what's the model?Dang! I was thinking of flipping my ASUS RTX 3070Ti non low hash rate video card so I can upgrade to a better card. I can nix that plan now. It has no value to a miner if crypto is tanking.
ASUS TUF Gaming GeForce RTX 3070 TiOut of curiosity, what's the model?
That's a used price I hope... lolOn the flip side, I've seen 3080 new for 900 CAD taxed
i think he was referring to my response to your post.. so i've checked out of the discussion , thing is , without political variants economics don't exist .. so the rest of the discussion becomes repetitive and superficial .. so either way i'm happy to disengage .. no hard feelings to anyone...Who? Me? Second?
Oh, Oh!
Good news just keeps coming:
Electricity used to mine bitcoin plummets as crypto crisis widens
Consumption down by third since 11 June, with even sharper falls among other cryptocurrency networkswww.theguardian.com
If people want to discuss things with the moderators it is better to do it via private messages. And private messages should remain private unless the other party agrees for it to be shared.
No need... In this case the point was made and acknowledged..If people want to discuss things with the moderators it is better to do it via private messages. And private messages should remain private unless the other party agrees for it to be shared.
I was surprised too. A quck search tells me that for Bitcoin, most miners use ASICs, not GPUs. Better performance, but impossible to repurpose.This article says :
“For bitcoin mining equipment that’s a big issue, because those machines cannot be repurposed to do something else. When they’re unprofitable they’re useless machines. You can keep them around hoping the price will recover or sell them for scrap.”
Why scrap?
Aren't GPUs useful to billion dollar gaming industry ?
The correlation between crypto prices and GPU prices and NVDA stock still appears to hold, even with some miners using ASICs. For example:I was surprised too. A quck search tells me that for Bitcoin, most miners use ASICs, not GPUs. Better performance, but impossible to repurpose.
I was surprised too. A quck search tells me that for Bitcoin, most miners use ASICs, not GPUs. Better performance, but impossible to repurpose.
Where are all the crypto zealots who were trolling before the 70-90% drop? Wheydaygo?
El Salvador?Where are all the crypto zealots who were trolling before the 70-90% drop? Wheydaygo?
I don't think crypto is dead. because sometimes the crypto is down and after some time the crypto market is up