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.

For reference, S19s are like a jet engine sound-wise. L3+ are much quieter.

So you’re saying two ASICs for Litecoin could make around a hundred bucks a month? But they’re noisy, so that’s a downside.

We've got 300 RX 580 cards, but mining's tough now. Any suggestions on what to mine? Also, anyone got good signals for trading?

No doubt, predicting the exact price is impossible. If it were, everyone would've bought in back in 2009 and never sold. It's like a rollercoaster, and the future is just full of question marks.

On Binance, lowest price was $100010. Maybe it won’t drop below $100K there yet, but with the way it’s moving, it might happen tonight. If it holds, we could see a rebound.

China used to dominate mining, but now they’ve shut it all down. The US has plenty of power available and mining here is still profitable. Other countries might struggle with power shortages.

+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…

120k is in the rearview; let’s talk about $130k now. At this rate, it might just skyrocket past $150k by year-end.