Re: Bitcoin
 

he is spending 30K on a monitored mining rig with 8 3090s then intends to build more. The only way to buy bulk 3090s appears to be by buying complete towers

Re: Bitcoin
 

Chasing the end of that rainbow gets progressively more expensive :erm:

Re: Bitcoin
 

it will pay for itself in 6 to 8 months. But you are right of course and there is always the chance it all collapses

Re: Bitcoin
 

What happens if everyone jumps on the bandwagon and 90% of the country (or world) own £100 million in bitcoin . . does it suddenly become worthless?

Re: Bitcoin
 

Bitcoin in itself is pretty much all owned and only really traded in. Not a lot being mined now and as far as I am aware very little left in the pool

Ethereum is the coin of choice at the mo but that only has about a year in its current form from what I am told

Re: Bitcoin
 

So people just "create" another type of Cryptocurrency - 7000+ so far…

https://www.statista.com/statistics/...-coins-tokens/

Re: Bitcoin
 

exclusive premium statistic but I know you are right. The game is finding the next big one and getting in early

Re: Bitcoin
 

Speculation rarely ends well for the majority of those who put money into it...

Re: Bitcoin
 

no but a lot of people have made a hell of a lot of money essentially out of nothing

Re: Bitcoin
 

Presumably they have made it out of other peoples money (ie losses).

Re: Bitcoin
 

guess it is no different to any financial market

Re: Bitcoin
 

If you can’t see what’s wrong with that statement…

Re: Bitcoin
 

I am a simple man with nothing between my lines so I would appreciate an end to your sentence.

Re: Bitcoin
 

You cant make something out of nothing ? Possibly.

Re: Bitcoin
 

But isn't that exactly what crypto is? an idea artificial essentially nothing.

---------- Post added at 18:56 ---------- Previous post was at 18:56 ----------

https://www.ssense.com/en-us/editori...cryptocurrency