leo.rocket

So Biden's plan is to slap a 30% tax on the electricity used in Bitcoin mining. Honestly, mining was already a struggle for many, and this is just gonna complicate things. What’s everyone think this means for miners?

Smart moves come from the DCA strategy. Buy high, buy low, just keep buying! Long-term investors won’t usually cry over dips.

+1 for reality check. If you're paying for electricity like the rest of us, this isn't going to save you much.

Also, I read somewhere that it uses around 1400 watts, which is about the same as a mining rig. So it's kinda like getting two for one, right?

But it’s not just about Bitcoin mining. It’s a heater too! I mean, if you actually need heat in the winter, it might be worth a shot.

Not all mining companies are in the same boat, though. If you’re taking high-interest loans during a bull market, that’s a recipe for disaster. Gotta pay back those loans regardless of the market.

So, Core Scientific just filed for bankruptcy. Crazy times, right? I read it was reported by CNBC, and they didn’t even liquidate assets yet. Just last year they were worth over $4 billion, now it's down to about 78…