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you COULD argue shame on the banks for giving that person X amount of credit which they can not payback. if it's Crypto or porn.. it's all the same to the creditors spending of $ ya dont have.
Well that used to be true. Now, that still becomes your problem, just in a more roundabout way.What's the saying? When you owe the bank $50,000, that's your problem. When you owe the bank $50,000,000, that's the bank's problem.
Debt is a huge business, they have companies that contract to market Debt itself for petes sake. Why do you think they have cosigners? Seriously, could you imagine making 25% returns on something?
This may be good for GPUs. It will level out and rise again one day and I will be ready but I am not so sure that it will rise to its ATH. The market was totally irrational. Shit coins were super valued and the fact that anything got as high as it did is pretty crazy.
stock market is crashing live.... gonna be down 2000 on the dow
Odd, I just looked, it is hardly crashing. Oh well, guess whatever you want to believe and all that.
The BTC technicals are pretty bad at this point.
0.618 rally retracement level is breached (~$8900) decisively. This means the rally from $2K to $20K is considered over, i.e. it's not just a correction.
All short and long term MA are breached.
The oscillatory BB bottomed on the daily and hourly basis earlier today at 1PM.
RSI daily hasn't bottomed yet. Look for a reprieve and opportunity to set a new course once it does.
Based on pivot points, $5K is the next sign post. If it doesn't hold, $2K is the next sign post.
That is so 10min ago. its about to hit $6700
6090 now itll be at 5k by morningDo I hear a $5K price!
Getting a little bounce...6090 now itll be at 5k by morning
ETH is falling off cliff too
to mine 1 bitcoin you need over 6500 usd in china worth of electricity
Well thank god we can still rely on the stability of the stock market through all this.more concerning is ALL the major cryptos GOT THE SAME BOUNCE AT THE SAME TIME some one or groups is playing with the market
It's TETHER, which is causing the crash.
to mine 1 bitcoin you need over 6500 usd in china worth of electricity
If anything, people will buy even more GPUs to make up for lost income.
I myself have plans to expand my mining operations. I plan to earn at least $2000/month, regardless if I need 5 GPUs or 50 GPUs.
With my GPUs, I mine out .013 btc per day.
It was crazy how much money entered crypto in one month. 500 BILLION dollar.
What are you talking about?
Give me 6500 worth of electric and i can mine out nearly 5 BTC which at time of this post would be worth 32K.
To be not profitable, bitcoin would have to drop to that 1312 price point. That ain't happenin.
this seems to be a bit off. either the amount of electricity or btc per day is off IMO. what is your farm made up of?
Almost time to make my vulture dive onto those video card dumpers ^_^
What are you talking about?
With my GPUs, I mine out .013 btc per day. To get 1 whole bitcoin that would be ~77 days.
Electric is ~.013kw/h for ~525 per month.
77 days is roughly 2.5 electric bill payment periods.
2.5 * 525 = ~1312 && 1312 != 6500.
Give me 6500 worth of electric and i can mine out nearly 5 BTC which at time of this post would be worth 32K.
To be not profitable, bitcoin would have to drop to that 1312 price point. That ain't happenin.