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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (188773)	6/14/2022 12:34:30 PM
From: Snowshoe	Read Replies (2) \| Respond to of 217786

Bitcoin in the low 20s is suddenly below mining cost... What Bitcoin’s nosedive means for the environment Its price dipped below a key benchmark Bitcoin’s value has nosedived enough to curb the cryptocurrency’s enormous energy use — and associated greenhouse gas emissions — but only if prices stay low. The price of a single Bitcoin plummeted below $24,000 today, about half of what it was worth in March. While it’s been steadily losing value for months, the sudden tumble in value over the past 24 hours brings the price below a key threshold when it comes to Bitcoin’s impact on the environment. Since Bitcoin’s price peaked at around $69,000 in November, the network’s annual electricity consumption has been estimated to be between roughly 180 and 200 terawatt-hours (TWh). That’s about the same amount of electricity used by all the data centers in the world every year. "Higher prices generally incentivize more mining" Higher prices generally incentivize more mining since the reward is bigger. But prices don’t have to linger at that peak for Bitcoin to stay energy-hungry. As long as the price stays above $25,200, the Bitcoin network can sustain mining operations that use up about 180 TWh annually, according to research published last year by digital currency economist Alex de Vries. Prices below that $25.2K threshold could push miners to pause operations or mine less because they don’t want to risk spending more money on electricity than they earn from mining new tokens. Full story: theverge.com

To: carranza2 who wrote (188773)	6/15/2022 3:30:00 AM
From: TobagoJack	2 Recommendations Recommended By re3 Roads End Read Replies (1) \| Respond to of 217786

I hope the bottom is soon 'in' suspect still 15-25% to go issue, how violent, and then how long the flatline we do not want anyone on this thread to get hurt reckon commodities still the place to be, for stuff the tanking of bonds of all flavours is disconcerting, for those tankings are of real money, as opposed to the pile of gaming chips that are 'just' stocks in every sense 'financed' by bonds once again, to all on the thread, politics matters not at all; money matters, friendship real I wish our comrade Heinz with us. I miss him Who was that other Austrian economist we used to read and I used to post ? I cannot recall his name ;0/ am sure you are of same mind.