China and South Korea are cracking down on people being able to exchange cryptos in general, so I’m guessing the loss of those markets is really having an effect on cryptocurrencies as a whole.
I mean, some of the largest Bitcoin mining operations are taking place in China.
It depends on many factors, but at todays crypto prices he says about $500 USD per day, for I think like 15 of those machines. The other ones in the pic are not his but he’s going to collect some rent from them. I don’t know all the exact numbers but at todays rates and machine price inflation. He’s prob looking at a minimum of 7 months before breaking even. Rent, electricity, machines, Just my estimate. Of course if crypto doubles he makes a lot more, and vise versa
I am not much of an expert but I think I can recommend you to try out learncrypto for those of you who are beginners like me…That helps you answer a lot of questions including value, trading and so on. That means a lot for most people who are aiming to get a chance at getting the value of bitcoin in the long run. One can say that there is a lot to talk about when it comes to bitcoin’s aspects of working out on the trading block. Just make sure you do keep track of the current events of bitcoin so you won’t have to worry.
I like the idea, especially if governments take it on, make it official and use it prevent corporate tax evasion, money laundering, arms trafficking ect.
I cant see governments taking it on due to the cost of mining currency.
Maybe there’s a simpler way of generating keys (maybe only have the blockchain store the last 2-3 transactions) and maybe less secure or anonymous.
Maybe quantum computing will destroy crypto or maybe it could generate more crypto… who knows…
Can you imagine that… 115 billion in bitcoin worthless overnight because of quantum computing…
A lot of people I run into who know about cryptocurrency are dabbling in it. It is a very interesting subject and I think it is going to be huge as time progresses! When I first started reading about cryptocurrency, the first thing that caught my attention was the global aspect of it. The fact that there is no centralized authority and that you can trade with anyone anywhere in the world without having to go through a third party to exchange currencies really grabbed my attention. I also thought it was pretty cool
I recently started playing NFT games and that’s my entry point to start getting into cryptocurrencies too. I have some ETH and BTC and other non popular ones. I still have lot to learn though.