Official saddo financial thread

[walrus]

You better not think about mining. You know how much it cost to mine 1 Bitcoin now? It uses enough electricity to run a full City like New York for 3 days

No brock, mining a single Bitcoin does use a lot of electricity and the advent of crypto has greatly increased power usage around the world. Each time a coin is made the next one is more complex and increases energy use. Total crypto mining uses enough electricity to power a small country but one Bitcoin wouldn't power NYC. Coins other than crypto are more efficient but still require power.

I was reading Amazon is considering creating its own crypto currency and people think that would be the end of Bitcoin. Having said that they have been predicting the end of Bitcoin for years so who the hell knows. I am impressed it has been making a solid base lately but tbh everyone is talking about it now which I'm not sure is a good thing.

[Xwetie]

problem is with mining you really need a good computer. pretty expensive but some after a 6 months you paid of your computer if you buy a new one. but the problem is ether is gonna stop the mining in the near future so im not sure if its worth mining but there Is heaps of other cryptocurrency.

[brocktonblockbust]

Not only do you need a good computer and a huge source of electricity but you have to have all the software required because you need so many different kinds of software to use in synchronicity

[Xwetie]

Not only do you need a good computer and a huge source of electricity but you have to have all the software required because you need so many different kinds of software to use in synchronicity

Just bought a MacBook Pro you think I can start mining with that?

[brocktonblockbust]

Dude you mine a Bitcoin for $19,000 US dollars in hope somebody buys it for more? You know you are screwed if nobody buys it right? @walrus

[walrus]

Dude you mine a Bitcoin for $19,000 US dollars in hope somebody buys it for more? You know you are screwed if nobody buys it right? @walrus

Dude I don't mine Bitcoin u fool #beanzwasright

[walrus]

Not only do you need a good computer and a huge source of electricity but you have to have all the software required because you need so many different kinds of software to use in synchronicity

Brock stfu u just read shit online and repeat it. Had you put 100 dollars in btc when I told you to it would be worth 860,000k today it's not my fault you didn't take my advice

[walrus]

https://mobile.nytimes.com/2017/10/2...ww.google.com/

Here is a nyt report on floyds crypto. I've read that something he was involved with has been accused of being a scam

[brocktonblockbust]

China stepped up pressure on cryptocurrencies, with a ban on initial coin offerings (ICOs) and the closure of domestic bitcoin exchanges.

It is a fraud. Even ask Jamie dimon of JP Morgan

[walrus]

China stepped up pressure on cryptocurrencies, with a ban on initial coin offerings (ICOs) and the closure of domestic bitcoin exchanges.

It is a fraud. Even ask Jamie dimon of JP Morgan

Ok but one J.P. Morgan analyst called Bitcoin the future and the china thing has already been factored into the btc price. ICO should be banned too many scams