Sanrith Descartes
Veteran of a thousand threadban wars
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
OU Ariakas
Diet Dr. Pepper Enjoyer
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I know people have mentioned it before; but I really think that if Doge dips it may be fun to buy some because Elon is a shitlord and that coin is close to his heart. He will say you can pay for your Twitter blue checkmark with Bitcoin, Ethereum, and Doge.
Edit: It is already down 30% in 24 hours, so this might be your window.
Edit: It is already down 30% in 24 hours, so this might be your window.
Asshat wormie
2023 Asshat Award Winner
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Storm Brews For Bitcoin Miners As Cost Of Mining 1 BTC Surges To $19.3k | Bitcoinist.com
Data shows the cost of mining Bitcoin has now surged up to $19.3k, something that could spell doom for the miners.
bitcoinist.com
According to this one estimate, a bitcoin costs 19k to mine atm. Neat.
Sanrith Descartes
Veteran of a thousand threadban wars
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Fuck. I remember when the average cost was like 6kStorm Brews For Bitcoin Miners As Cost Of Mining 1 BTC Surges To $19.3k | Bitcoinist.com
Data shows the cost of mining Bitcoin has now surged up to $19.3k, something that could spell doom for the miners.
According to this one estimate, a bitcoin costs 19k to mine atm. Neat.
Mist
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Difficulty has gone way up, and electricity isn't cheap unless you happen to be right next to a hydro dam or geothermal or whatever.
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Flobee
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Hashrate is at an all time high while price is right around historical lows for the 4 year halving cycle (~80% drawdown). Hard out there for a pleb
Jysin
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Let’s not forget, energy costs have skyrocketed as well for most of the world. Quite a bit of headwinds from all approaches.
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reavor
I'm With HER ♀
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true, this is the difference with defi, there's no "referee" to come in with a bell and "suspend trading", at least not like at the stock exchanges. mostly, stuff plays out without institutions able to stop the cascades in any meaningful way.
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Mist
Eeyore Enthusiast
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Yes, but the end result of those cascades is that it will get more centralized, not less. Everything is moving in the direction of crypto being controlled by fewer and fewer hands, which makes it hardly "DeFi."
Loser Araysar
Chief Russia Correspondent / Stock Pals CEO
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Jysin
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10:34 [FTX.IPO] Reportedly Binance looking to scrap bailout of FTX following initial due diligence - press
- Following first look at internal data and loan commitments has led Binance to strongly lean against completing the transaction
Bitcoin briefly dipping under 17k
- Following first look at internal data and loan commitments has led Binance to strongly lean against completing the transaction
Bitcoin briefly dipping under 17k
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Jysin
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11:11 [FTX.IPO] Reportedly US probing company over handling of client funds and lending - press
www.bloomberg.com
Sam Bankman-Fried's FTX Empire Faces US Probe Into Client Funds, Lending
www.bloomberg.com
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reavor
I'm With HER ♀
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Jysin
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Mist
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Tons of old Magic the Gathering and Poker pros are in cahoots with FTX as well, interested to see if they stop talking about it as much...
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Sanrith Descartes
Veteran of a thousand threadban wars
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Newsflash: The majority of people involved in crypto exchanges are grifters. Oh, wait, you mean these fucks weren'y running their companies are on the up and up and were lying to investors and customers while enriching themselves?
New financial instrument, same ole shitty story. NKLA investors be like...
New financial instrument, same ole shitty story. NKLA investors be like...
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